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John Lewis bonuses at risk as new boss lays out its woes with annual profits expected to be close to zero By Daily Mail City & Finance Reporter Published: 21:50 GMT, 28 February 2020 | Updated: 22:15 GMT, 28 February 2020 The new boss of John Lewis will lay bare the dire state of the … Read more
DIRECTOR DEALS: Ocado chairman Lord Rose pockets £1.7m selling shares in the online grocer By Daily Mail City & Finance Reporter Published: 21:50 GMT, 28 February 2020 | Updated: 22:15 GMT, 28 February 2020 Ocado chairman Lord Rose pocketed £1.7million by selling 150,000 shares in the online grocer. The 70-year-old Conservative peer, who has chaired … Read more
Airlines and travel companies bore the brunt of the latest chaos on global markets as the spread of the coronavirus triggered more panic-selling. At the end of the biggest weekly rout in share prices since the financial crisis, the boss of British Airways owner IAG warned the deadly outbreak could push struggling airlines ‘over the … Read more
WORLDWIDE HEALTHCARE: Trust focuses on pharma and biotech firms developing ground-breaking drugs By Daily Mail City & Finance Reporter Published: 21:50 GMT, 28 February 2020 | Updated: 22:14 GMT, 28 February 2020 Worldwide Healthcare invests in medical companies across the globe What is it? The trust invests in medical companies across the globe. It is … Read more
The threat of legal action is hanging over some of Britain’s biggest housebuilders after the competition regulator vowed to crack down on toxic leasehold homes. A Competition and Markets Authority (CMA) investigation found evidence that many families were ‘misled’ by firms selling leasehold homes on new estates. This meant that buyers were paying for the … Read more
Estate agent Foxtons blames Brexit for lower house sales last year as the tenant fees ban eats into income sending profits down a third Foxtons’ revenues from house sales fell 10% to £32m; lettings down 2% to £65m Adjusted core profit for 2019 fell 32 per cent to £2.5million ‘Early signs’ of improvement so far, … Read more
Novacyt was one of the rare risers in a bloodbath week for the UK stock market, thanks to the success of its coronavirus diagnostic test which it handily launched a few weeks ago. The stock has been rising steadily for the past month or so, but shot up 33 per cent to 140.14p in the … Read more
‘Tin-eared’ RSA insurance chief criticised after praising Britain’s flood defences By Lucy White For The Daily Mail Published: 21:50 GMT, 27 February 2020 | Updated: 22:03 GMT, 27 February 2020 The boss of RSA Insurance insisted Britain’s flood defences had ‘done a better job than in prior years’ – despite the devastating storms leaving thousands … Read more
WPP’s sales growth dries up – hitting Sir Martin Sorrell in the pocket just as he faces a £110m divorce By Daily Mail City & Finance Reporter Published: 21:51 GMT, 27 February 2020 | Updated: 22:03 GMT, 27 February 2020 Advertising giant WPP had its worst day on the stock market in nearly 30 years … Read more
Shares in Aston Martin hit a record low as losses ballooned to more than £100million and its finance boss quit. James Bond’s favourite car maker plunged 9 per cent, or 35.2p, to 355.8p after the latest dire update since it joined the stock market 18 months ago. It also warned that there could be a … Read more