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Published: Tue, 16 Jan 2018 09:32:55 +0000

Last Build Date: Tue, 16 Jan 2018 09:32:55 +0000

Copyright: Copyright 2018 Associated Newspapers Ltd

FTSE LIVE: Greggs and JD Sports report

Tue, 16 Jan 2018 09:20:53 +0000

Some well known high street names update their investors today in the form of baking chain Greggs and sportswear retailer JD Sports.

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High street baker Greggs ramps up store openings

Tue, 16 Jan 2018 09:15:44 +0000

Total sales were up 7.4% last year according to the bakery’s latest trading numbers with like-for-like sales for the year up 3.7%.

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Pyjamas, lighting and framed art fuel BHS online revival

Mon, 15 Jan 2018 21:51:40 +0000

Since its collapse in 2016, BHS has focused on selling its wares online after its online and international businesses were bought by the Qatari Al Mana Group.

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DAILY BRIEFING: Medium sized firms upbeat about Brexit

Mon, 15 Jan 2018 21:51:36 +0000

survey of 315 firms found that 41 per cent believe leaving the bloc will be good for the economy over the next five years, versus 40 per cent who think it will be damaging.

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Matalan's web sales surging

Mon, 15 Jan 2018 21:51:32 +0000

Online sales were up 24.7 per cent, compared to 6.2 per cent in the stores. Those customers who came through the doors, snapped up clothes designed by super model Abbey Clancy (pictured).

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Super noodles in tangle over Japanese sell-off

Mon, 15 Jan 2018 21:51:28 +0000

The group has been in talks with its biggest shareholder, Japanese noodle maker Nissin Foods, amid mounting pressures for the group to reduce its debt burden.

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Foreign vultures circle over crippled UK engineer GKN

Mon, 15 Jan 2018 21:51:24 +0000

The company, which makes parts for fighter jets, Black Hawk helicopters and Audi and BMW cars, rejected a £7bn approach from Melrose last week. Shares hit a high last night.

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Softbank considers listing its mobile arm in London  

Mon, 15 Jan 2018 21:51:20 +0000

The float would happen at the same time as the Japanese tech giant makes its public debut in Tokyo. Softbank is planning to sell 30 per cent of shares keeping a 70 per cent stake.

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ON THE BOARD: Naguib Kheraj is new Rothesay Life Chairman

Mon, 15 Jan 2018 21:51:16 +0000

Kheraj replaces Ray King who will stay at Rothesay as a non-executive director. Cambridge-educated Kheraj began his career as a dealmaker at Wall Street investment bank Salomon Brothers.

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Carillion collapse hits banks, rivals and building shares

Mon, 15 Jan 2018 21:51:11 +0000

The builder, which traces its roots back more than 100 years, went into compulsory liquidation at around 7am yesterday in one of the UK’s largest corporate collapses.

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William Hill to sell Australian arm following crackdown

Mon, 15 Jan 2018 21:51:03 +0000

Australians gamble more per head than any other nationality in the world and the possible sale of its division in the country overshadowed a bullish trading update.

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MARKET REPORT: £32m knocked off Carclo as contracts falter

Mon, 15 Jan 2018 21:50:59 +0000

Shares in the company took a hammering after it was hit by a string of contract delays in its two key businesses. It plunged as much as 50 per cent in early trading.

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Now Apple's got to pay an extra £81m on UK tax bill

Mon, 15 Jan 2018 21:50:54 +0000

The hike in payments means one of its sales and marketing arms, Apple UK Ltd, has seen its total bill soar by 260 per cent. Tax officials at HMRC combed through the company's accounts for 2011 to 2015.

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Pound climbs to post-Brexit high trading above $1.38 

Mon, 15 Jan 2018 21:50:46 +0000

The UK currency has gained around 15 per cent against the greenback since hitting a low of around $1.20 early last year and is up 2 per cent so far in 2018.

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Carillion finally goes under after months of turmoil

Mon, 15 Jan 2018 17:53:50 +0000

The FTSE 100 finished down 9.50 points at 7769.14, breaking its four-day streak of record closes.

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Rolls-Royce fans flames of $700million sale rumours

Mon, 15 Jan 2018 15:48:01 +0000

The company confirmed today (Monday) that it is considering the future of L'Orange after reports of a potential $700m sale surfaced last week.

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Premier Foods dismisses rumours of Batchelors sale

Mon, 15 Jan 2018 12:27:51 +0000

The group, which also owns Ambrosia custard and Asian food brand Sharwood's, said talks have not gone beyond an ‘exploratory stage’.

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William Hill may offload Australian arm after betting ban

Mon, 15 Jan 2018 10:30:45 +0000

The bookmaker said that new taxes on gambling and a credit betting ban had reduced volumes in Australia and were ‘clearly’ going to increasingly hit profitability.

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DAILY BRIEFING:D&D toasts its best ever Christmas sales

Mon, 15 Jan 2018 08:34:09 +0000

FESTIVE CHEER Strong trading helped D&D London toast its best ever Christmas. The restaurant group, which owns Bluebird, Quaglino’s and 100 Wardour Street, said sales jumped 11 per cent

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RBS Shareholder Action Group faces probe

Mon, 15 Jan 2018 08:33:44 +0000

The RBS Shareholder Action Group is facing demands for a Government probe into its activities amid claims investors are yet to receive their share of a £200 million payout.

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IAG calls on Heathrow to sell its Express train service

Mon, 15 Jan 2018 08:33:10 +0000

British Airways owner IAG has called on Heathrow to sell its high-speed rail service and focus on running the airport, with threat of Crossrail service in May.

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GKN may be at the centre of a bidding war

Mon, 15 Jan 2018 08:32:54 +0000

Struggling British engineer GKN could find itself at the centre of a bidding war as American buyout giant Carlyle weighs up a counter bid. GKN rebuffed a £7 billion swoop from Melrose Industries recently

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Ocado is poised to introduce robots in warehouses

Mon, 15 Jan 2018 08:32:26 +0000

Online supermarket Ocado is preparing to introduce a robot to help warehouse workers pick and pack food for deliveries.The robot (pictured) has been likened to Luke Skywalker’s sidekick C3P0

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Chairman of Persimmon quits over payouts

Mon, 15 Jan 2018 08:31:32 +0000

The chairman of housebuilder Persimmon insisted its £630 million bonus scheme was necessary to keep senior executives ‘onside’ – quits just four months later after failing to rein in payouts

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Former GKN boss stands to make £9m from takeover

Sun, 14 Jan 2018 16:44:38 +0000

Nigel Stein, the former boss of GKN, stands to make £9 million from a takeover of the car and plane parts manufacturer. GKN’s shares jumped 26 per cent on Friday.

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Buyers look to seize control of New Look for cheap

Sun, 14 Jan 2018 16:05:58 +0000

Predators are circling New Look after the fashion chain’s financial woes left it a takeover target. Potential buyers told The Mail on Sunday that they were mulling an attempt to seize control on the cheap.

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Tory MP Nadhim Zahawi quits family firm

Sun, 14 Jan 2018 15:42:48 +0000

Conservative MP Nadhim Zahawi has unwound his business interests after being made Education Minister in last week’s reshuffle.

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The White Company hits record £2m slales

Sun, 14 Jan 2018 15:35:31 +0000

The clothing, homeware and fragrance business has defied the gloom in the retail sector. It was founded by Chrissie Rucker, pictured, in 1994 to provide ‘impeccably stylish, everyday luxury’,

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MARKET REPORT: Boohoo sunk as owner's brother sells shares

Fri, 12 Jan 2018 21:59:33 +0000

Jalal Kamani, 57, brother of Mahmud Kamani, 53, sold 7.7m shares at around 191.2p each, according to filings.

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Bargain kings B&M set to sell pizza and ice cream

Fri, 12 Jan 2018 21:51:27 +0000

The bargain retailer’s chief executive, Simon Arora, confirmed it will begin selling frozen food within the next two weeks after buying Northern grocer Heron Food Group for £152m last year.

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Block £7bn takeover of fighter plane engineer GKN

Fri, 12 Jan 2018 21:51:23 +0000

GKN, which dates back to the 18th century, has rejected an unsolicited £7bn approach from Melrose, slamming it as opportunistic and cheap.

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Carillion on the brink: Government contractor crashes 30%

Fri, 12 Jan 2018 21:51:00 +0000

The Government contractor, which is working on the HS2 high-speed rail link as well as hospitals and roads, is on the brink of collapse with debts of about £1.5bn and a pension deficit of £587m.

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DAILY BRIEFING: Gatwick enjoys busiest ever December

Fri, 12 Jan 2018 21:50:57 +0000

West Sussex hub Gatwick Airport enjoyed its busiest ever December with a record 3.2m passengers travelling through the airport. In 2017, 45.6m used it, 5.2 per cent higher than a year earlier.

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SHARE PUNT OF THE WEEK: Property developer U+I Group

Fri, 12 Jan 2018 21:50:50 +0000

U+I Group has a portfolio of so-called mixed-use properties, which combine places to live and work. It was created through a merger of Development Securities and Cathedral Group in 2014.

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GKN rejects 'unsolicited' offer from Melrose

Fri, 12 Jan 2018 12:15:07 +0000

Shares in engineering giant GKN have rocketed 24% after the firm revealed that it has rejected a £7bn takeover bid from turnaround specialist Melrose

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All Bar One owner boosts sales by 3.9% during Christmas

Fri, 12 Jan 2018 11:51:21 +0000

Pub and restaurant chain Mitchells & Butlers has reported strong Christmas trading, despite the bad weather

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Bovis' pre-tax profits in line with forecasts

Fri, 12 Jan 2018 10:29:32 +0000

Bovis Homes is on track to deliver a hefty profit rise in 2018, driven by strong customer demand, attractive mortgage rates and the government’s Help to Buy scheme

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