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Markets Articles | This is Money



Markets Articles | This is Money



Published: Sat, 22 Jul 2017 06:14:37 +0100

Last Build Date: Sat, 22 Jul 2017 06:14:37 +0100

Copyright: Copyright 2017 Associated Newspapers Ltd
 



Ebay pounded as it fails in bid to take on Amazon

Fri, 21 Jul 2017 23:49:35 +0100

Shares in the online auctioneer fell by as much as 7 per cent after markets closed, with the firm revealing that income fell to $493m in the second quarter of the year from $496m a year ago.


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Young users hooked on YouTube boosts Vodafone

Fri, 21 Jul 2017 23:48:59 +0100

The telecoms giant said demand for data had grown 63 per cent in the quarter to June 30 as customers used their phones to browse the web and stream videos.


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Swatch ticks back into growth as it fights Apple

Fri, 21 Jul 2017 21:50:47 +0100

The world’s biggest watchmaker saw sales of its watches and jewellery grow 2.9 per cent over the latest half year, with income for the Swiss group up 6.8 per cent to £227m.


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Champagne sorbet looks to have landed Aldi with a hangover

Fri, 21 Jul 2017 21:50:44 +0100

The German discounter has incurred the wrath of France’s champagne region for taking the name of champagne in vain. It landed the group in a legal dispute that looks to be coming to a head.


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Lloyds pays £10m paid over HBOS fraud case

Fri, 21 Jul 2017 21:50:38 +0100

Thirty customers – nearly half of all those affected by the scandal – have either received a compensation offer or are in the ‘detailed stages’ of assessment and will receive an offer shortly, the lender said.


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Astrazeneca boss plays down rumours he is leaving

Fri, 21 Jul 2017 21:50:33 +0100

In an internal memo dated July 16, the drug giant’s chief executive Pascal Soriot did not confirm or deny reports he had accepted a job with Israel’s Teva Pharmaceutical Industries.


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Shares in Paysafe soar after it attracts predators

Fri, 21 Jul 2017 21:50:31 +0100

The online payments company received a 590p-a-share takeover offer – worth £2.9bn – from private equity suitors Blackstone and CVC Partners.


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Airport snoops on the mobile phones of travellers

Fri, 21 Jul 2017 21:50:25 +0100

London Southend Airport in Essex is using mobile phone technology to monitor where locals are flying as it embarks on an ambitious strategy to reach 2.5m customers by 2018.


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MARKET REPORT: Political row hammers Acacia for £200m

Fri, 21 Jul 2017 21:50:20 +0100

As a result of Tanzania’s ban on exporting gold concentrate, Acacia said it is now targeting the lower end of gold production for the year in its half year results.


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MARKETS CLOSE: London shares slide but Vodafone posts gain

Fri, 21 Jul 2017 17:52:42 +0100

The FTSE 100 closed down 34.96 points at 7452.91 as a bout of nerves on European markets spread across the Channel.


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Paysafe targeted by private equity firms

Fri, 21 Jul 2017 15:58:26 +0100

In a stock market announcement Paysafe said it had received a ‘preliminary, conditional proposal’ following on from an initial informal approach in May.


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Electricals firm's Q2 revenue increase boosted by Europe

Fri, 21 Jul 2017 11:45:28 +0100

Online electricals retailer AO World increased its sales by 2.5% in the second quarter, driven by strong revenue rises in Europe and the UK.


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MARKET REPORT: Profits at Vimto-owner Nichols soar

Fri, 21 Jul 2017 11:06:11 +0100

In its results for the first half of the year, Nichols saw year-on-year revenues increase by 12.4 per cent to £63.5m while profits jumped 7.1 per cent to £12.7m.


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Vodafone sales slip as its Indian business is left reeling

Fri, 21 Jul 2017 10:40:53 +0100

Telecoms giant Vodafone suffered a 3.3% drop in sales across the group as its Indian business came under increased pressure on pricing from rivals.


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Vulture Elliott's fresh assault on UK miner BHP Billiton

Fri, 21 Jul 2017 10:28:18 +0100

The aggressive hedge fund claimed the company’s interest in the fertiliser business could be a major error akin to its costly £15bn investment in US shale.


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Diamond miner De Beers reports surging production

Fri, 21 Jul 2017 10:27:35 +0100

The company produced 8.7m carats over the latest quarter, 36 per cent more than the same period last year. But sales prices have dropped by 12 per cent to around £120 per carat.


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US department store Sears seals deal with Amazon

Fri, 21 Jul 2017 10:26:14 +0100

Customers will be able to turn on their Kenmore brand appliances using the Amazon gadget – a speaker which can carry out instructions when someone talks to it.


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EasyJet seat sales cause an airline share sell-off

Fri, 21 Jul 2017 09:58:36 +0100

EasyJet dropped 5.9 per cent, BA's owner IAG plunged 3.9 per cent and Lufthansa 8.6 per cent after EasyJet said it expects revenue per seat to fall by 2 per cent in the six months to September.


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Barry Callebaut branching out into biscuits and meringues

Thu, 20 Jul 2017 22:50:45 +0100

The Swiss firm has bought Italian family-owned D’Orsogna Dolciaria for an undisclosed sum.


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Ice cream helps giant Unilever survive a margarine slip

Thu, 20 Jul 2017 22:16:45 +0100

The consumer goods giant – whose brands also include Marmite, Dove soap, Domestos and Hellmann’s – reported a 5.5 per cent rise in revenues to £24.6bn in the first half of the year.


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Asda owner Walmart is biggest company in world by revenues

Thu, 20 Jul 2017 22:16:36 +0100

The US chain, which has nearly 12,000 stores in 28 countries and has 2.3m employees, raked in £374bn of turnover last year.


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Sports Direct profits slump 59 per cent after pound plunge

Thu, 20 Jul 2017 22:16:30 +0100

Analysts were relieved as owner Mike Ashley made Jon Kempster finance director, a post vacant for four years. Profits fell to £113.7m for the year to April 30. But the shares surged 11 per cent.


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MARKETS CLOSE: Footsie surges as pound slides to €1.11

Thu, 20 Jul 2017 17:34:26 +0100

The FTSE 100 closed up 56.96 points at 7487.87 as the pound weakened against the euro on expectations the ECB will soon wind up its money printing programme.


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Unilever sales rise as new strategy pays off

Thu, 20 Jul 2017 16:32:52 +0100

The company behind popular brands such as Marmite, Dove soap and Persil laundry detergent said underlying sales rose by 3 per cent in the first half despite ‘volatile’ market conditions.


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Profits on track at EasyJet as Austria gives green light

Thu, 20 Jul 2017 15:27:44 +0100

The first flight by EasyJet Europe takes off today after the budget carrier secured approval for the Austrian-based offshoot to overcome post-Brexit flight concerns


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Moneysupermarket shares dive as energy switching drops

Thu, 20 Jul 2017 15:06:25 +0100

A profit warning led to a slide in Moneysupermarket.com Group's shares on Thursday with the company blaming a drop-off in energy switching for its troubles.


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Mothercare's UK turnaround plan pays off as sales rise

Thu, 20 Jul 2017 13:36:48 +0100

The retailer, which sells baby and mother clothing and accessories, posted a 1.9 per cent rise in UK like-for-like sales in the first quarter to 8 July, but store closures meant total sales fell 1.8 per cent.


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Customers continue to flee SSE for smaller competitors

Thu, 20 Jul 2017 12:50:47 +0100

Energy supplier SSE has reported the loss of 230,000 customer accounts, as the ongoing desertion of the Big Six in favour of cheaper competitors continued.


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Revolt over ex-finance boss of crisis hit builder

Thu, 20 Jul 2017 12:36:59 +0100

More than a fifth (22.72 per cent) of votes cast at the transport operator's annual general meeting yesterday were against Richard Adam keeping his new place on First Group's board.


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Sports Direct profits halve as pound plunge hits margins

Thu, 20 Jul 2017 10:00:24 +0100

The discount retailer also announced it had appointed Jon Kempster as its new chief financial officer.


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BT hires Ofwat boss in wake of fraud scandal

Thu, 20 Jul 2017 09:30:41 +0100

Cathryn Ross, the chief exec of water regulator Ofwat, is understood to be set to take charge of the firm’s regulatory affairs division - a key role which will oversee the way the firm behaves.


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320 Glaxo jobs to be axed as it puts Horlicks up for sale

Thu, 20 Jul 2017 09:15:35 +0100

GSK said the closure of Horlicks’ manufacturing site in Slough and the decision to outsource production at its site in Worthing will result in the loss of 320 jobs over the next four years.


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DAILY BRIEFING: VW delivers 5.2m vehicles in first half

Thu, 20 Jul 2017 08:30:08 +0100

The firm said strong demand in Russia, the Czech Republic and Poland helped offset a 2.3 per cent fall in its home market Germany.


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MARKET REPORT: Panic selling hits firms card fee ban

Wed, 19 Jul 2017 21:51:15 +0100

Card payments generated around 13 per cent of Just Eat's revenue last year, coming in at 50p per transaction. However, the food delivery app pulled back losses throughout the day.


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Sir Philip Green poaches Burberry sales guru for Topshop

Wed, 19 Jul 2017 21:51:03 +0100

In his second major appointment this week, Green has lured Burberry’s chief merchandising officer to become chief exec of the High Street fashion chain.


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Horlicks sell off heralds new era for GlaxoSmithKline

Wed, 19 Jul 2017 21:50:58 +0100

In its first significant move under new chief exec Emma Walmsley, the company also ditched proposals for a factory in Cumbria and revealed it was reviewing its antibiotics business.


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MARKETS CLOSE: London shares tick higher; pound at $1.30

Wed, 19 Jul 2017 17:18:16 +0100

The FTSE 100 closed up 40.69 points at 7430.91, on the back of a strong showing by housebuilders, which were buoyed by a positive analyst report on the sector.


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Aviva sells off Friends Provident international

Wed, 19 Jul 2017 15:18:35 +0100

The deal struck for the Friends Provident International unit comes after warnings from Aviva that it was generating lower profits for the group than in previous years.


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Budget airline Wizz Air seeks UK flying licence

Wed, 19 Jul 2017 14:50:45 +0100

Wizz Air said it was seeking a UK flying licence in case there is no clean deal to protect flying rights once Britain leaves the European Union.


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TalkTalk revenues fall as it still hurts from cyber attack

Wed, 19 Jul 2017 14:50:04 +0100

The telecoms group said its customer base has returned to growth, adding 20,000 broadband customers, but revenues fell 3.2 per cent in the three months to the end of June.


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Boss of Dulux owner AkzoNobel quits due to health reasons

Wed, 19 Jul 2017 14:44:45 +0100

Ton Buchner, who joined the Dutch company in 2012, is being replaced by Thierry Vanlancker, who was head of specialty chemicals at AkzoNobel.


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Reckitt Benckiser sells food arm to McCormick for $4.2bn

Wed, 19 Jul 2017 09:31:44 +0100

US group McCormick has beaten off rival bidders for the business, which also makes Frank’s hot sauce, Cattlemen's bbq sauce and includes nutrition brand Tiger's Milk.


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UK productivity hits new lows

Wed, 19 Jul 2017 08:48:17 +0100

UK workers hold the dubious title of being some of the least productive among advanced economies.


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Even election boost can't halt Royal Mail slump

Tue, 18 Jul 2017 23:05:04 +0100

The privatised postal service said volumes of official letters pushed through letterboxes for local authorities and government bodies only put a 1 per cent dent in the rate of decline.


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Goldman Sachs suffered its worst quarter for commodities

Tue, 18 Jul 2017 22:59:06 +0100

Fixed income, currencies and commodities revenues at the firm came in at around £890m over the quarter, a drop of 40 per cent, and the division's worst three months since the end of 2015.


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DIRECTOR'S DEALS: Kevin Loosemore, Micro Focus

Tue, 18 Jul 2017 22:50:30 +0100

Loosemore, the software firm’s largest individual investor, took advantage of a recent dip in the company’s value to buy 49,000 shares at 2170.6p each.


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MARKET REPORT: British Land Company's share buyback

Tue, 18 Jul 2017 22:49:40 +0100

The developer said buying back its own shares currently offers better value than purchasing property.


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Fitbug suspends trading after failing to meet a loan

Tue, 18 Jul 2017 22:49:22 +0100

The fitness firm said it had been forced to cease trading after Belastock Capital decided not to proceed with three further instalments of loan notes after its share price fell below 0.1p for five days.


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Netflix ploughs £4bn into new TV shows as shares hit high

Tue, 18 Jul 2017 22:40:51 +0100

More than 104 million people are now signed up across the world, with bosses saying its shows such as The Crown (pictured), House of Cards and Stranger Things were drawing them in.


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James Murdoch appointed to board of Tesla 

Tue, 18 Jul 2017 22:30:56 +0100

The son of media mogul Rupert Murdoch has been appointed to the board of Tesla after the firm drew criticism from investors over the lack of independent directors on its senior team.


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Insider trading probe into Deutsche boss 'to be dropped' 

Tue, 18 Jul 2017 22:14:14 +0100

Investigators had been looking into whether the 50-year-old had bought shares in Deutsche Borse despite knowing that the firm was in talks to buy the London Stock Exchange.


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DAILY BRIEFING: Svenska Handelsbanken to expand in the UK

Tue, 18 Jul 2017 22:13:12 +0100

Anders Bouvin, chief executive of Svenska Handelsbanken, said: ‘We can’t see that Brexit will affect the demand for our products at all.’


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Vue cinemas woos ex ITV boss Adam Crozier

Tue, 18 Jul 2017 22:06:42 +0100

The 53-year-old has reportedly been approached by the cinema chain, which is considering a mega-sale or stock market flotation.


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MARKETS CLOSE: Shares dip as inflation rate eases

Tue, 18 Jul 2017 18:02:04 +0100

Inflation unexpectedly slowed in June for the first time since October, increasing the likelihood that the Bank of England will keep interest rates at a record low in August.


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Dairy Crest margins dented by cream price rise

Tue, 18 Jul 2017 17:14:28 +0100

The dairy maker said that cream prices, which determine its input costs for butter, had increased ‘substantially’ in its first quarter and that this will weigh on its business this year.


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Publisher Bloomsbury still rides on Harry Potter's success

Tue, 18 Jul 2017 13:53:45 +0100

Bloomsbury Publishing said sales rose 19 per cent in the three months to the end of May.


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Election mailshots stem letter decline at Royal Mail

Tue, 18 Jul 2017 10:33:11 +0100

The privatised group posted a 1 per cent rise in group revenue in the three months to the end of June, as strong growth at its European parcel division helped offset falling revenues in the UK.


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