Uber adds ranks in Indian cities July 1, 2015 Controversial transport technology firm Uber yesterday announced it will open operations in seven more Indian cities, to keep up with local rival Ola. It brings the total number of its operating territories there to 18. From today it will make India the company’s second-largest territory after the US. Uber has not had an easy ride [...]
Greece bailout crisis: EasyJet founder Stelios Haji-Ioannou brings free lunch to the table July 1, 2015 While Eurozone finance ministers continue to try and come up with a plan to save Greece's economy, one billionaire is giving out free lunches on the street. Read more: Stelios Haji-Ioannou launches new easyBus Heathrow-London shuttle service Sir Stelios Haji-Ioannou, founder of easyJet, left Greece 25 years ago and now lives in Monaco, but [...]
Sirius Minerals share price jumps as much as 83 per cent after York Potash mine gets go-ahead July 1, 2015 Shares in Sirius Minerals closed up 50.87 per cent to 22.63p per share this afternoon, after it got the go-ahead for its York Potash mine from the North York Moors National Park Authority. The North York Moors National Park Authority voted eight to seven in favour of the application by Sirius, suggesting that it believes the [...]
Worldpay facing buyout instead of float July 1, 2015 Payments processing company Worldpay's owners are in talks with private equity groups such as Blackstone, CVC and Helmman & Friedman (H&F) over a possible takeover bids which would curtail its public listing. CVC is reportedly working with a major Canadian pension fund, while H&F is said to be in discussions over a joint bid with [...]
Serco share price rallies as it reaffirms profit and sales forecasts for this year July 1, 2015 Shares in Serco were rallied today after the embattled outsourcing company reaffirmed its profit and sales forecasts for this financial year. Shares in Serco closed up 7.7 per cent to 125.7p per share in London this afternoon. At the open this morning they had jumped as much as 13 per cent. "Trading in the year to-date [...]
Sophos share price jumps in first day of trading July 1, 2015 Shares in cyber security giant Sophos closed above its initial public offering price during its first day of unconditional trading. Shares in the Abingdon-based firm ended the day up 3.4 per cent to 242p per share at the close in London. Last week it said it would float the shares at 225p per share, which would enable it [...]
Greene King toasts record revenue as retail growth outperforms market July 1, 2015 The figures Pub group Greene King enjoyed record revenue of £1.3bn in the year to the end of March, yet investors were warned not get too carried away as profit before tax fell 2.7 per cent to £168.5m. Read more: Popped corks as Greene King-Spirit pub partnership gets green light The FTSE 250-listed company's retail revenue [...]
Harriet Green to donate third of £5.7m Thomas Cook shares following Corfu deaths tragedy June 30, 2015 Former Thomas Cook chief executive Harriet Green was yesterday awarded shares worth almost £5.7m, but will donate one third to charities chosen by the parents of two children who died in Corfu while on holiday with the tour company. Green, who stepped down from the role in November, was given 4.1m company shares, which had [...]
St Modwen hails record profits as New Covent Garden Market scheme boosts net asset value June 30, 2015 St Modwen posted a 21 per cent surge in net asset value (Nav) in the first half of the year thanks to its New Covent Garden Market scheme in Nine Elms, which achieved unconditional status in April. The developer reported an Nav per share of 394p after its planned overhaul of the UK’s biggest fruit [...]
Tesco share price falls, sales slide as discounters march on ahead June 30, 2015 Tesco shares were dealt a blow yesterday, after industry figures revealed another slowdown in sales at the troubled supermarket chain – despite its recent efforts to turn itself around. Data from Kantar Worldpanel showed sales at Tesco fell by 1.3 per cent in the 12 weeks to 21 June, underperforming the overall grocery [...]