Breaking news
Marketing boss who sold toxic bonds for London Capital & Finance provides same service for another firm By City & Finance Reporter for the Daily Mail Published: 21:51 BST, 11 April 2019 | Updated: 21:51 BST, 11 April 2019 36 shares 9 View comments Paul Careless marketed LCF’s mini-bonds online and by phone The marketing … Read more
Airline stocks were soaring after Brexit was pushed back to the end of October. The new deadline, which prevents Britain from leaving the EU with No Deal today, helped brush away fears that Brexit uncertainty might deter the UK’s holidaymakers from booking their summer escape to the Costa del Sol. Travel agent Tui jumped by … Read more
Mike Ashley rages at Debenhams as Sports Direct unveils plans to buy £15m of shares back off investors By City & Finance Reporter for the Daily Mail Published: 21:50 BST, 11 April 2019 | Updated: 21:50 BST, 11 April 2019 Mike Ashley’s firm Sports Direct said it will purchase 5m of its own shares in … Read more
Ted Baker’s efforts to draw a line under a harassment scandal involving its founder were undermined after the company appointed an insider to the top job. Ray Kelvin, 63, who set up Ted Baker in 1988, resigned following a string of allegations by staff of inappropriate behaviour including ‘forced hugging’. Ted Baker insisted it had learned … Read more
Sir Philip Green has lost the backing of one of his biggest investors as he embarks on a major-cost cutting drive across his retail empire. US private equity firm Leonard Green has ditched its 25 per cent stake in Topshop, seven years after it splashed out £350million on the investment, which valued the fashion chain … Read more
Trump trade war with EU threatens to put tariffs on Cheddar, Stilton and smoked salmon exports By City & Finance Reporter For Financial Mail On Sunday Published: 23:02 BST, 9 April 2019 | Updated: 07:59 BST, 10 April 2019 Cheddar, Stilton and smoked salmon exports to the US could be hit with higher tariffs as … Read more
As crunch time approaches for Sirius Minerals, the fertiliser company boring a massive tunnel underneath the North York Moors, investors have been eagerly snapping up its shares. Sirius is trying to thrash out a financing agreement worth more than £2.5billion with an unnamed major financial institution, which should secure the construction of its Yorkshire polyhalite … Read more
FTSE CLOSE: Pound at $1.30 as May meets Merkel over Brexit; Debenhams slides into administration; US reveals plan for tariffs on $11bn of EU goods The FTSE 100 closed down 26.32 points at 7425.57 Debenhams crashed into administration after Ashley offer was rejected Cake Box said it expects to serve up a 30 per cent … Read more
The jury in the fraud trial against four Barclays executives has been discharged. John Varley, the bank’s chief executive from 2004 to 2011, and three of his senior staff have been on trial since January over claims they illegally sweetened the deal for Qatari investors. It was alleged that they funnelled £322m in secret payments … Read more
FTSE CLOSE: Pound edges up as May lines up Brexit meetings with Merkel and Macron; Boardroom battle at Barclays; Ashley lashes out at Debenhams bosses By This Is Money Published: 08:24 BST, 8 April 2019 | Updated: 17:07 BST, 8 April 2019 The FTSE 100 closed up 5.02 points at 7451.89 and the pound was … Read more