MARKET REPORT: Builder Berkeley to almost double its shareholder payout to £1bn over next two years

MARKET REPORT: Builder Berkeley Group plans to almost double its shareholder payout to £1bn over next two years, bringing £13m windfall for its founder and chairman By Ian Lyall For The Daily Mail Published: 21:59 GMT, 22 January 2020 | Updated: 22:03 GMT, 22 January 2020 Builder Berkeley Group plans to almost double its shareholder … Read more

Wetherspoons boss Tim Martin berates pro-Remain organisations again

Tim Martin berates pro-Remain organisations for ‘doubling down on Project Fear stories’ as his pub chain Wetherspoons reports strong Christmas trading Wetherspoon will reduce the price of ten drinks in celebration of Brexit  Shareholders previously rejected the PIRC’s calls to get rid of Martin as boss  Martin called on the CBI and FDF to accept the … Read more

Luxury brand Burberry registers higher revenues on back of expansion in China

Luxury brand Burberry registers higher sales on back of expansion in China but investors warn that coronavirus outbreak could damage growth Burberry scored growth of between 10 and 20 per cent in mainland China  New collections designed by Riccardo Tisci continued their strong popularity  Annualised cost savings have also come in £5million ahead of previous … Read more

FTSE LIVE: Sainsbury’s CEO to step down; Ted Baker overstates inventory

FTSE LIVE: Sainsbury’s boss Mike Coupe steps down; Ted Baker wildly overstates inventory; Burberry raises profit guidance By This Is Money Published: 08:05 GMT, 22 January 2020 | Updated: 08:06 GMT, 22 January 2020 Sainsbury’s CEO Mike Coupe has announced he will leave the supermarket giant in the summer. He will be replaced by the … Read more

Overdrafts to cost 40% at TSB

Overdrafts to cost 40% at TSB in move that will cost nearly a third of the bank’s customers more By Ben Wilkinson for the Daily Mail Published: 22:01 GMT, 21 January 2020 | Updated: 23:03 GMT, 21 January 2020 Hike: TSB will charge a blanket rate of 39.9 per cent for both unarranged and arranged overdrafts … Read more

MARKET REPORT: FTSE hit as Asian market infected by fears of virus

The Wuhan coronavirus cast its shadow over international equity markets as the first examples of human-to-human infection emerged. The illness is of same grouping as SARS (severe acute respiratory syndrome), which, according to the World Health Organisation, infected more than 8,000 people, killing at least 700, in 2003. In the process, international trade was hobbled, … Read more