SuperGroup’s share price jumps after brand beats revenue expectations July 9, 2015 SuperGroup's share price jumped 4.6 per cent after beating expectations on revenues and earnings. The figures: Sales at the Superdry parent company were up 12.9 per cent to £486.6m – above analyst consensus, which had tipped that figure at £483.3m – while pre-tax profits were up two per cent to £63.2m. Underlying earnings per [...]
Birds Eye owner Nomad Foods plans a share placing to fund more deals July 8, 2015 Nomad Foods, the owner of Birds Eye, yesterday said it plans to raise cash through a share placing to fund future acquisitions. The London-listed company bought European frozen food business Iglo Group – which owns Birds Eye and Findus – in April in a €2.6bn (£1.86bn) deal. “With this anchor investment Nomad is seeking to [...]
Return of the Mack: How Barclays chairman John McFarlane earned his reputation as “Mack the Knife” July 8, 2015 John McFarlane has barely been in situ three months as Barclays’ chairman, but this morning he claimed his first scalp: Antony “nicest guy in banking” Jenkins, the man appointed three years ago to bring out Barclays’ cuddly side, will step down at the end of next week. Read more: From the Libor scandal to the [...]
Antony Jenkins fired from Barclays: Here’s what people are making of it July 8, 2015 It might not be the best day for Antony Jenkins, but Barclays investors seem pretty happy with the news that he's been ousted. Barclays share price leapt 2.7 per cent at the open, rising to 3.2 per cent in mid-morning trading, comfortably leading the FTSE 100. The board has praised Jenkins for his work [...]
UK Oil and Gas Investments share price slips as chairman David Lenigas leaves and chief Stephen Sanderson steps up July 8, 2015 The chairman of the UK firm exploring oil at Horse Hill near Gatwick, known as the "Gatwick gusher", is stepping down. David Lenigas is leaving UK Oil and Gas Investments (UKOG) where he will be replaced by chief executive Stephen Sanderson. "It is my policy to step down from the boards of companies once I believe [...]
Antony Jenkins: His time at Barclays from the Libor scandal to the time he tried to ban free banks July 8, 2015 Barclays today revealed it has fired chief executive Antony Jenkins after three years at the helm, saying the bank needs a new leader, with a new set of skills, to take it into future growth. The move is widely seen as being instigated ahead of John McFarlane's arrival as executive chairman the middle of [...]
Monitise share price plummets as Visa announces plans to cut its stake July 8, 2015 Shares in mobile payments company Monitise plummeted 21 per cent to 7.8p as the market opened this morning, as one of its backers announced plans to cut its stake. In a statement to the stock exchange, Monitise said it had been notified by Visa, which owns 5.3 per cent of the company, that it planned [...]
Good news for housing market: Galliford Try expecting record results again July 8, 2015 The figures Construction group Galliford Try is expecting record results once again, according to a trading update released today. The housebuilder expects pre-tax profits for the full year to the end of June to be in the “upper range” of analysts’ range, while net debt will fall to less than £20m. Completions in its housebuilding arm [...]
SABMiller appoints Domenic De Lorenzo as new finance chief July 8, 2015 SABMiller has appointed Domenic De Lorenzo as its new chief financial officer . De Lorenzo has been acting chief financial officer for the beer giant since February – his permanent appointment was announced in a statement this morning. The company’s chief executive Alan Clark called De Lorenzo an “outstanding candidate”. He has quickly made a positive impact [...]