Barclays and Royal Bank of Scotland hammered with share of £71m fine by the Swiss watchdog over currency rigging Citigroup, JPMorgan and MUFG Bank are the other three banks implicated Switzerland’s WEKO said it uncovered ‘several anti-competitive practices’ By Press Association Published: 11:56 GMT, 6 June 2019 | Updated: 12:09 GMT, 6 June 2019 Barclays … Read more
Arcadia left in limbo as landlords cool on plans to lower rents to keep Philip Green’s business afloat By Hannah Uttley For The Daily Mail Published: 21:50 GMT, 5 June 2019 | Updated: 12:04 GMT, 6 June 2019 Sir Philip Green was forced to postpone a crucial meeting with landlords to discuss rent reductions for … Read more
Quintessentially British welly and raincoat brand Joules shines in tough retail market with double-digit sales rise Joules said sales jumped 17% to £218million in the 12 months to the end of May The fashion firm expects profits to come in at the top end of forecasts Its online sales now account for half of the … Read more
Former Hewlett Packard boss denies trying to avert blame for the disastrous takeover of Autonomy By City & Finance Reporter for the Daily Mail Published: 21:51 BST, 5 June 2019 | Updated: 21:51 BST, 5 June 2019 Former HP boss Meg Whitman was accused of trying to blame the bosses of software firm Autonomy when the … Read more
German media giant Axel Springer could take advantage of Neil Woodford’s crisis to scoop up more shares in Purplebricks – and even take it off the stock market. Axel Springer, which owns media brands such as music magazine Rolling Stone and website Business Insider, is ‘open to opportunities’ to buy more shares in the online … Read more
Ladbrokes rocked by fat cat pay backlash… but bosses dodge furious shareholders by holding AGM on yacht in Gibraltar tax haven By Tom Witherow For The Daily Mail Published: 21:51 BST, 5 June 2019 | Updated: 21:51 BST, 5 June 2019 The owner of Ladbrokes and Foxy Bingo is under fire on two fronts after … Read more
Tycoon behind failed Provvy bid sees shares in the doorstep lender jump 16.1% while his rival firm falls 10.7% By Matt Oliver For The Daily Mail Published: 21:50 BST, 5 June 2019 | Updated: 21:50 BST, 5 June 2019 Disappointment: Non-Standard Finance boss John van Kuffeler saw shares in his firm fall 10.7 per cent yesterday … Read more
FTSE CLOSE: NSF shelves hostile bid for Provident; Landlords to vote on Topshop rescue deal; Card Factory bemoans tough High Street conditions Vote on Arcadia by shop landlords delayed until June 12 Non-Standard Finance has called off its £1.3billion bid for rival Provident Card Factory saw sales rise but said conditions on the High Street … Read more
The trade war is becoming a tech war, and it will carry on long after Donald Trump leaves the White House. A few days in Washington have convinced me we are in the early stages of a new conflict akin to the Cold War between the US and Russia, with the world’s two most powerful … Read more
Retail tycoon Mike Ashley tightens his grip on the High Street with £52m grab for Game Digital Mike Ashley’s Sports Direct has made a mandatory bid of 30p a share for Game The offer values the struggling gaming chain at £51.9million Sports Direct is already the largest shareholder in Game Digital By Emily Hardy For … Read more
Entering the boardroom of FTSE 250 property firm Daejan Holdings is like stepping into a time machine. Immediately, you are greeted by swathes of the old fashioned oak panels and brown leather chairs that were so fashionable in the City in the 1960s and 1970s. Even the rope lift that serviced this room 50 years … Read more
Entering the ring: London-based DAZN will screen Anthony Joshua’s fights in America Billionaire Warner Music owner Len Blavatnik is plotting a blockbuster London stock market flotation of his broadcasting service, dubbed the ‘Netflix of sport’. Hammersmith-based DAZN, which was acquired by Blavatnik’s Access Industries in 2014, is understood to be drawing up options, including a … Read more
STOCK MARKET WATCHLIST: Life after Sir Martin Sorrell sees WPP seek buyer for its £3bn market research firm Kantar By Edited By Jamie Nimmo For The Financial Mail On Sunday Published: 21:48 GMT, 13 April 2019 | Updated: 10:13 GMT, 15 April 2019 WPP’s post-Sorrell clear-out kicks off in earnest this week. The advertising giant … Read more