As crunch time approaches for Sirius Minerals, the fertiliser company boring a massive tunnel underneath the North York Moors, investors have been eagerly snapping up its shares. Sirius is trying to thrash out a financing agreement worth more than £2.5billion with an unnamed major financial institution, which should secure the construction of its Yorkshire polyhalite … Read more
Hundreds of jobs at risk as Barclays moves tech and customer service positions to Glasgow, Manchester and Northampton By City & Finance Reporter for the Daily Mail Published: 23:02 GMT, 9 April 2019 | Updated: 23:02 GMT, 9 April 2019 Barclays is moving 400 technology and customer service positions to Glasgow, Manchester and Northampton Hundreds … Read more
Online womenswear firm Sosandar’s sales soar 228% thanks to celebrity support By City & Finance Reporter for the Daily Mail Published: 23:02 GMT, 9 April 2019 | Updated: 23:02 GMT, 9 April 2019 Online womenswear firm Sosandar has seen sales soar thanks to booming demand for animal print dresses and leather pencil skirts. The firm, … Read more
Sports Direct tycoon Mike Ashley is thought to have lost as much as £150m from his 29.9 per cent stake in Debenhams Sports Direct tycoon Mike Ashley suffered a humiliating defeat after his dogged attempts to take over Debenhams were knocked back – wiping out his entire investment. The retail mogul is thought to have lost … Read more
FTSE CLOSE: Pound at $1.30 as May meets Merkel over Brexit; Debenhams slides into administration; US reveals plan for tariffs on $11bn of EU goods The FTSE 100 closed down 26.32 points at 7425.57 Debenhams crashed into administration after Ashley offer was rejected Cake Box said it expects to serve up a 30 per cent … Read more
Jury in £322m fraud trial against four Barclays executives discharged By City & Finance Reporter for the Daily Mail Published: 21:57 BST, 8 April 2019 | Updated: 23:02 BST, 8 April 2019 The jury in the fraud trial against four Barclays executives has been discharged. John Varley, the bank’s chief executive from 2004 to 2011, … Read more
The FTSE 100 closed up 5.02 points at 7451.89 and the pound was at $1.31 against the dollar. Oil prices hit their highest level so far this year, fuelled by violent clashes in oil-rich Libya. The instability poses a threat to the supply of oil from Libya. A barrel of Brent crude was trading 0.97 … Read more
Santander has become the latest bank to be dragged into a multimillion-pound lawsuit over alleged tax avoidance schemes used by wealthy celebrities. The Spanish bank is to be sued over the Imagine film-financing scheme that was part-funded by Alliance & Leicester, which it acquired at the height of the financial crisis. It is claimed investors … Read more
‘Economic weather is unsettled,’ warns IMF boss as it prepares to slash forecasts for global growth By James Burton For The Daily Mail Published: 21:51 BST, 5 April 2019 | Updated: 22:07 BST, 5 April 2019 IMF chief Christine Lagarde warned that the ‘economic weather is unsettled’ The International Monetary Fund is poised to slash its … Read more
Co-op goes to Glastonbury with a pop-up store in a bid to target younger customers By City & Finance Reporter for the Daily Mail Published: 21:51 BST, 5 April 2019 | Updated: 21:51 BST, 5 April 2019 The Co-op is targeting younger customers by opening shops on festival sites and university campuses as it looks … Read more
Anger as more than half of all big companies fail to reduce their gender pay gaps By City & Finance Reporter for the Daily Mail Published: 21:51 BST, 5 April 2019 | Updated: 21:51 BST, 5 April 2019 More than half of all big businesses have failed to reduce their gender pay gap More than … Read more