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Reckitt is rocked as it writes off £5bn from value of baby formula maker Mead Johnson By Matt Oliver For The Daily Mail Published: 21:51 GMT, 27 February 2020 | Updated: 22:02 GMT, 27 February 2020 Reckitt Benckiser has written off £5billion from the value of baby formula maker Mead Johnson, just three years after … Read more
City watchdog launches probe into stricken NMC Health amid claims founder kept board and shareholders in the dark about loans By James Salmon for the Daily Mail Published: 21:50 GMT, 27 February 2020 | Updated: 22:02 GMT, 27 February 2020 The City watchdog has launched a full investigation into NMC Health as one of the … Read more
‘We are in panic mode’: £2.8trillion is wiped off global stock markets in just 6 days as coronavirus wreaks havoc By Hugo Duncan and James Salmon for the Daily Mail Published: 21:50 GMT, 27 February 2020 | Updated: 21:52 GMT, 27 February 2020 Investors are facing their biggest weekly loss in years as the deadly … Read more
NMC Health shares are suspended by the watchdog after accounting debacle at the FTSE 100 hospital group sees its top brass forced out The troubled hospital group fired its chief executive Prasanth Mangat last night American investment firm Muddy Waters first highlighted the problems at NMC By This Is Money Reporter Published: 10:36 GMT, 27 February 2020 … Read more
Big business sounds alarm over virus: Diageo takes a £200m hit to profits, Rio warns on China demand as Chevron UK HQ is evacuated By James Salmon for the Daily Mail Published: 21:54 GMT, 26 February 2020 | Updated: 21:57 GMT, 26 February 2020 The threat posed by coronavirus to businesses of all types was … Read more
Jury told to ignore bankers’ bonuses as they decide fate of three ex-Barclays executives accused of fraud By Daily Mail City & Finance Reporter Published: 21:56 GMT, 26 February 2020 | Updated: 21:56 GMT, 26 February 2020 Three Barclays executives on trial at the Old Bailey deny funnelling fees to Qatari investors to secure emergency … Read more
Builder Taylor Wimpey hails its own Boris bounce claiming confidence is growing among buyers By Daily Mail City & Finance Reporter Published: 21:56 GMT, 26 February 2020 | Updated: 21:56 GMT, 26 February 2020 Taylor Wimpey boss Pete Redfern has hailed a positive start to 2020 Housebuilder Taylor Wimpey has hailed the ‘clearer political outlook’ … Read more
Prudential bosses in shake-up talks BEFORE hedge fund called for a break-up By Lucy White For The Daily Mail Published: 21:55 GMT, 26 February 2020 | Updated: 21:55 GMT, 26 February 2020 Prudential was planning a major overhaul before US hedge fund Third Point demanded a break-up this week. The 172-year-old life insurer, which is … Read more
Record-breaking bra sales give M&S a welcome lift as it captures 37.5% of the market By Daily Mail City & Finance Reporter Published: 21:55 GMT, 26 February 2020 | Updated: 21:55 GMT, 26 February 2020 Marks & Spencer has launched a digital bra-fitting tool to boost sales of its bestselling product. The ailing retailer has … Read more
Now crisis-hit NMC Health fires chief exec after investigators find ‘potential discrepancies’ on its balance sheet By Daily Mail City & Finance Reporter Published: 21:54 GMT, 26 February 2020 | Updated: 21:54 GMT, 26 February 2020 NMC Health said it had removed Prasanth Manghat ‘with immediate effect’ Crisis-hit NMC Health has fired its chief executive … Read more