Subscribe: This is Money | Markets
http://www.thisismoney.co.uk/xml/page-rss.xml?in_page_id=3
Added By: Feedage Forager Feedage Grade B rated
Language: English
Tags:
boss  brexit  business  cent  company  deal  firm  ftse  group  london  markets  million  mutual  pay  profits  shares  year  years 
Rate this Feed
Rate this feedRate this feedRate this feedRate this feedRate this feed
Rate this feed 1 starRate this feed 2 starRate this feed 3 starRate this feed 4 starRate this feed 5 star

Comments (0)

Feed Details and Statistics Feed Statistics
Preview: This is Money | Markets

Markets Articles | This is Money



Markets Articles | This is Money



Published: Wed, 29 Mar 2017 22:24:09 +0100

Last Build Date: Wed, 29 Mar 2017 22:24:09 +0100

Copyright: Copyright 2017 Associated Newspapers Ltd
 



Call that sunk merger between LSE and Deutsche Boerse

Wed, 29 Mar 2017 21:59:56 +0100

Deutsche Boerse boss Carsten Kengeter's decision to keep LSE bosses in the dark over allegations of insider trading was to prove a critical error.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/29/21/0242AFBA000005DC-0-image-m-114_1490820060339.jpg




MARKET REPORT: Hospital group’s shares rise 23pc after bid

Wed, 29 Mar 2017 21:58:46 +0100

The deal is being financed by the notorious activist investor group Toscafund, which already holds a 28 per cent stake in the business.


Media Files:
http://i.dailymail.co.uk/i/pix/2015/04/07/17/029257D400000578-0-image-m-7_1428423123532.jpg




Crisis for £10bn nuclear plant as Westinghouse goes bust

Wed, 29 Mar 2017 21:58:22 +0100

The NuGen power plant in Moorside, Cumbria, is due to power 6m homes as a vital part of the national energy strategy. But owner Toshiba admitted the supply of reactors was now 'uncertain'.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/29/21/3D57D99800000578-0-image-m-105_1490819899363.jpg




Matches Fashion hits £200m as its foreign sales soar

Wed, 29 Mar 2017 21:58:07 +0100

Matches Fashion, set up 30 years ago by Ruth and Tom Chapman, has grown into a global brand reaching 170 countries.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/29/20/023299ED00000514-0-image-m-59_1490814786627.jpg




Bovis reveals former boss was paid more than £1m last year

Wed, 29 Mar 2017 21:58:05 +0100

David Ritchie, who quit in January following a profits warnings and a barrage of customer complaints, topped up his £550,000 basic salary with a bonus of £55,000 and share awards of £255,000.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/29/20/159B983C00000514-0-image-m-44_1490814287549.jpg




Mayfair fashion designer who has dressed stars goes bust

Wed, 29 Mar 2017 21:58:01 +0100

One of the city’s most opulent designers, Nicholas Oakwell, sold bead-embellished dresses for up to £50,000. He was a favourite with the rich and famous.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/29/21/3EBF168800000578-0-image-m-93_1490817891248.jpg




Game Digital receives boost from launch of Nintendo Switch

Wed, 29 Mar 2017 21:57:51 +0100

UK sales have risen 7 per cent since the end of January. It came after a difficult first half when Game posted a 26.7 per cent fall in profits to £16.5m in the six months to January 28.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/29/19/0443193E000003E8-0-image-m-11_1490812439843.jpg




Anil Agarwal denies Anglo American board plan

Wed, 29 Mar 2017 21:57:48 +0100

The chairman of miner Vedanta Resources says he is not an activist investor, nor is he looking for Anglo assets in South Africa.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/29/19/0070998E00000258-0-image-m-29_1490813451466.jpg




Tui says customers are switching to Greece and Canaries

Wed, 29 Mar 2017 21:56:53 +0100

The travel giant, which is also behind First Choice, reported a further shift away from Turkey due to terror attacks and political unrest.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/29/19/289C973900000578-0-image-m-13_1490812982464.jpg




MARKETS CLOSE: London shares post mild gains

Wed, 29 Mar 2017 17:42:29 +0100

At the closing bell the FTSE 100 finished 30.3 points higher at 7,373.7, while the pound was off 0.3 per cent against the dollar at $1.245.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/29/13/3EBD334100000578-0-image-m-23_1490790241424.jpg




DAILY BRIEFING: Premier Foods slashes pension costs

Wed, 29 Mar 2017 16:34:00 +0100

Premier Foods is sitting on a £320m pension deficit and was set to spend up to £157m on plugging this gap in the next three years, but agreed it will hand over up to £125m instead.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/28/23/327DDF8B00000578-0-image-m-15_1490739947506.jpg




Johnston Press shares fall 11% as it slumps to £300m loss

Wed, 29 Mar 2017 15:38:37 +0100

The group, which also owns the Yorkshire Post and 200 local titles, posted a pre-tax loss of £300.3million in 2016, compared to profits of £2.2million in 2015.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/29/15/3EBEA09F00000578-0-image-m-30_1490796694531.jpg




Game Digital posts another slump in profit

Wed, 29 Mar 2017 12:33:46 +0100

The private-equity backed group said pre-tax profits tumbled by 26.7 per cent to £16.5million in the six months to the end of January, while UK sales slumped 18.1 per cent.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/29/12/048FD378000003E8-0-image-m-11_1490785246600.jpg




EU blocks London Stock Exchange and Deutshce merger

Wed, 29 Mar 2017 11:47:59 +0100

Margrethe Vestager, EU competition regulator head, has called time on the tie-up between the Frankfurt and London bourses after they refused to meet competition requests.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/29/10/11E4AD0E00000514-0-image-m-12_1490780145274.jpg




London shares finish higher, while the pound is jittery

Wed, 29 Mar 2017 10:52:33 +0100

London shares finished higher in the final session before Prime Minister Theresa May finally signs Article 50, triggering two years of exit negotiations.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/28/17/3EB5FD7300000578-0-image-m-16_1490717675000.jpg




Britons booking cruise and long haul holidays boost TUI

Wed, 29 Mar 2017 10:47:34 +0100

TUI said it had sold 97 per cent of its holiday programme for the winter and 47 per cent for the summer, with UK revenues rising by 20 per cent and 11 per cent respectively.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/29/09/030219910000044D-0-image-m-3_1490777271401.jpg




Wolseley changes its name to Ferguson 

Wed, 29 Mar 2017 10:00:42 +0100

Boss Martin said: 'We have decided to align the group's name with our most significant brand in our largest market. I think we'll become more American over the short term.'


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/28/13/0BC7D8EE00000578-0-image-m-4_1490702792408.jpg




Retiring BAE boss Ian King picks up £3.5m

Tue, 28 Mar 2017 23:52:33 +0100

King, who is gearing up to retire on June 30, saw his total pay climb 18 per cent to £3.5m for 2016, thanks to a jump in his salary and awards. His base pay rose by £19,000 to £982,000.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/28/19/3158765200000578-0-image-m-6_1490726961057.jpg




Mulberry opens four new stores in Far East

Tue, 28 Mar 2017 23:51:02 +0100

The British luxury bag maker, a favourite of the Duchess of Cambridge (pictured), has teamed up with Singaporean billionaire Christina Ong to set up a business in the region.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/28/23/3EB8345000000578-0-image-m-5_1490741446985.jpg




Dulux maker launches fightback after rejecting £19bn offer

Tue, 28 Mar 2017 23:47:45 +0100

Dutch firm Akzo Nobel, which employs more than 3,300 staff in the UK, is planning to hold an investor summit next month to put stakeholder concerns to bed.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/28/19/003EF11A00000258-0-image-m-25_1490725418230.jpg




MARKET REPORT: Wolseley eyes US with historic name change

Tue, 28 Mar 2017 23:46:11 +0100

The FTSE 100 firm dates back to 1887 when Frederick York Wolseley launched the Wolseley Sheep Shearing Machine Company.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/28/18/00010C3A00000CB2-0-image-m-3_1490723017344.jpg




IN THE MONEY: Katherine Garrett-Cox, ex-Alliance Trust

Tue, 28 Mar 2017 23:41:13 +0100

Mother-of-four Garrett-Cox was forced out in a bitter dispute with activist shareholder Elliott Investors, which wanted a change of direction at the 129-year-old company.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/28/18/288E62D300000578-0-image-m-6_1490722568121.jpg




Family behind Ask, Garfunkel's and Prezzo see shares slump

Tue, 28 Mar 2017 23:39:05 +0100

Tasty, which owns the Dim T and Wildwood brands, posted annual losses of £88,000 having made profits of £3.1m the year before.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/28/23/3EB8319000000578-0-image-m-4_1490740673552.jpg




Bookmaker Ladbrokes Coral boosted by sporting surprises

Tue, 28 Mar 2017 23:34:49 +0100

Sizing John's shock victory in the Cheltenham Gold Cup was the icing on the cake for Ladbrokes boss Jim Mullen as 23 of the festival's 28 races went the bookie's way.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/28/18/03545780000007D0-0-image-m-3_1490722204039.jpg




Blow for Philip Green as Topshop chief quits for rival

Tue, 28 Mar 2017 23:18:00 +0100

Mary Homer (pictured with Green), who has led Topshop for the past ten years, is leaving to take on the top post at the luxury lifestyle retailer, popular with the middle classes.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/28/23/3EB6089600000578-0-image-m-69_1490738533718.jpg




Redrow ditches plans to buy troubled rival Bovis

Tue, 28 Mar 2017 22:01:08 +0100

The Flintshire-based housebuilder, said it would not return with a higher bid because it was 'not in shareholders' best interests' to do so. Its withdrawal clears the field for Galliford Try.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/28/18/3EB2CCA400000578-0-image-m-3_1490723390520.jpg




Uber piles its plate with food delivery spots

Tue, 28 Mar 2017 22:00:46 +0100

The taxi-app firm already delivers food from local restaurants in London, Manchester and Birmingham – now Edinburgh, Leeds, Liverpool, Nottingham are set to join them.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/28/19/12C6B6A000000514-0-image-m-5_1490723987292.jpg




Aviva boss sees his pay fall 20% in a year

Tue, 28 Mar 2017 17:05:37 +0100

Chief executive Mark Wilson's total annual pay packet, including bonuses and long-term investment plan payouts, dropped from £5.4million to £4.3million in the last 12 months.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/28/14/39866B3100000578-0-image-a-50_1490707441902.jpg




DAILY BRIEFING: No sign of Brexit regret from leave voters

Tue, 28 Mar 2017 16:34:15 +0100

The pollsters said split between those who want to leave the EU and those who want to remain is fairly evenly split at 50/50. Its latest survey showed 68 per cent agree Brexit should go ahead.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/27/20/3AB000AC00000578-0-image-m-5_1490644378524.jpg




Where are banks going post-Brexit? Here's who's leaving  

Tue, 28 Mar 2017 15:02:13 +0100

Britain's financial sector has most to lose from Brexit, with the industry employing roughly 2 million people in the UK and making up 12 per cent of GDP.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/26/17/16CB4B31000005DC-0-image-m-16_1490544205179.jpg




Ladbrokes Coral takes £200m hit from merger

Tue, 28 Mar 2017 13:17:47 +0100

The FTSE 250 group, which was born out of a £2.3billion merger between Ladbrokes and private equity owned Coral last year, enjoyed an 11 per cent boost in revenues to £2.4billion.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/28/09/3EB36EE900000578-0-image-a-8_1490690954058.jpg




Sterling's plummeting value cost Virgin Atlantic £50m

Tue, 28 Mar 2017 12:14:51 +0100

The airliner, which is backed by Sir Richard Branson, claimed rising costs since sterling's 20 per cent depreciation after June's Brexit vote cost the company £50million last year.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/28/11/3EB3EB1500000578-0-image-m-34_1490697601767.jpg




Northern family grocery hoping to win over Malaysians 

Tue, 28 Mar 2017 09:04:38 +0100

Northern grocer Booths, a 170-year-old family business, has gained a foothold in Lancashire, Yorkshire and Cumbria. It has now teamed up with Hong Kong-listed Dairy Farm.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/27/21/3EAFC60E00000578-0-image-m-3_1490645913459.jpg




Tesco shareholders won't back £3.7bn deal for Booker

Mon, 27 Mar 2017 21:51:24 +0100

Fund giant Schroders, the grocer's third biggest shareholder, and US asset manager Artisan Partners have both delivered a stinging rebuke about the £3.7bn merger with wholesaler Booker.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/27/21/3EAFD54200000578-0-image-m-3_1490647540710.jpg




London is crowned global finance king despite Brexit fears

Mon, 27 Mar 2017 21:51:20 +0100

The capital once again pipped New York to the top spot in the twice-yearly Global Financial Centres Index, despite concerns about the impact of leaving the European Union on the City.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/27/20/3EAF876500000578-0-image-m-4_1490643058160.jpg




Trump's healthcare bill flop sinks Wall St

Mon, 27 Mar 2017 21:51:12 +0100

The losses on Wall Street – dubbed the 'Trump tantrum' – were mirrored elsewhere in the world with the FTSE 100 index 43.32 points lower at 7293.5 in London.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/27/19/3EAF067900000578-0-image-m-3_1490639904240.jpg




MARKET REPORT: Shetlands discovery lifts oil explorer

Mon, 27 Mar 2017 21:51:08 +0100

The oil and gas business said independent data had indicated it may have made the largest ever undeveloped discovery on the UK Continental Shelf.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/27/19/25462E5E00000578-0-image-m-3_1490640381688.jpg




Persimmon's £630m executive pay deal sparks revolt talks 

Mon, 27 Mar 2017 21:50:55 +0100

Under plans announced in 2012, around 150 company managers at the housebuilder are in line to receive 30.2m shares in the coming years, worth £630m at last night's closing price of 2088p.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/27/20/07C8FB72000005DC-0-image-m-20_1490643554316.jpg




DIRECTOR'S DEALS: Wayne Sheppard, 56, chief exec, Ibstock

Mon, 27 Mar 2017 21:50:50 +0100

Wayne Sheppard and 'a person closely associated with him', Carole Sheppard, sold 3.7m shares in the brick maker at 207p each.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/27/19/3EAEDADC00000578-0-image-m-5_1490638783005.jpg




£800m hit for babcock after terminating nuclear contract

Mon, 27 Mar 2017 21:50:46 +0100

The 14-year contract from the Nuclear Decommissioning Authority, which includes the decommissioning of the Sizewell A plant in Suffolk, (pictured) will end nine years early.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/27/19/05FC0FA10000044D-0-image-m-4_1490637809822.jpg




YouGov sees profits climb as it benefits from US elections

Mon, 27 Mar 2017 18:53:06 +0100

The company, which offers polling services and provides big groups like RBS with consumer data, said its US election polling for CBS News made it more visible in the US.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/27/09/1517A8DE00000514-0-image-m-3_1490603975452.jpg




FTSE and Dow Jones slump as investors abandon Trump

Mon, 27 Mar 2017 17:33:20 +0100

The FTSE 100 closed down 44.69 points at 7,292.13 and markets in the US slid sharply this session in what could be a tough week for investors ahead of Article 50 being signed on Wednesday.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/27/07/3D01ECC500000578-0-image-m-24_1490597863764.jpg




Old Mutual strikes deal to offload US asset management

Mon, 27 Mar 2017 14:46:59 +0100

Old Mutual has struck a deal with Chinese financial services firm HNA Capital to offload a 24.95 per cent stake in it US-based funds business Old Mutual Asset Management for $446 million.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/27/09/1176EDFD00000514-0-image-a-6_1490604368815.jpg




800 jobs at Jones Bootmaker saved by £11 million deal

Sun, 26 Mar 2017 21:57:11 +0100

Footwear retailer Jones Bootmaker has been bought by private equity firm Endless in an £11m deal, saving around 840 jobs.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/26/20/3EA8FB1800000578-0-image-a-3_1490556305944.jpg




Pearson boss's potential bonuses could be slashed by 25%

Sun, 26 Mar 2017 21:56:47 +0100

The boss of education publisher Pearson could lose out on hundreds of thousands of pounds in potential bonuses amid a growing backlash over executive pay.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/26/20/01E9DD9900000514-0-image-a-3_1490556235191.jpg




THE DAILY BRIEFING: Old Mutual sells US fund arm stake

Sun, 26 Mar 2017 21:37:32 +0100

Financial services firm Old Mutual has sold a 25 per cent stake in its US fund management arm to China’s HNA for £357m, as part of its plan to split into four companies.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/26/19/0B8F87A700000514-0-image-a-4_1490552793867.jpg




Diamond sales sparkle as they rise to £64bn

Sat, 25 Mar 2017 22:01:39 +0000

De Beers said the past three years had seen the highest ever demand for diamond jewellery with the US, China and India being the main markets.


Media Files:
http://i.dailymail.co.uk/i/pix/2017/03/25/20/3EA107D200000578-0-image-m-131_1490472472839.jpg