John Lewis sales suffer post-Black Friday hangover but sales are still up year-on-year December 11, 2015 After reporting record-breaking numbers over Black Friday, John Lewis today said that it saw a double-digit drop in sales last week. Sales fell 11.8 per cent to £165.6m compared with the last week of November, although the number is still up 13.6 per cent on the same week last year. This is in stark contrast [...]
Companies flock to London to float on stock market after its bumper year of IPOs December 11, 2015 Companies have been coming to London in droves to bring their companies to market, according to accountants at PwC. London’s stock market was found to be the most active exchange in Europe in 2015, with just over £11.5bn raised through 84 initial public offerings (IPOs). London also became home to three of the biggest IPOs of [...]
Sports Direct share price drops by 10 per cent as growth slows and questions mount over working conditions December 10, 2015 Discount sports retailer Sports Direct has had one of its worse days on record, with its share price closing down over 10 per cent last night, wiping hundreds of millions of its market capitalisation. The sell off was due to a double whammy of missing analyst expectations for growth and further questions over staff working [...]
Oil rout and strong dollar pare gains – New York Report December 10, 2015 A slump in oil prices and fears over a strong dollar pared back gains in New York yesterday – although the indices did halt a three-day slide. The Dow Jones industrial average rose 82.45 points, or 0.47 per cent, to 17,574.75, the S&P 500 gained 4.61 points, or 0.23 per cent, to 2,052.23 and the [...]
At the close: FTSE 100 index closes down on Sports Direct, Old Mutual December 10, 2015 The FTSE 100 index slid in Thursday's trading despite gains by Glencore as both Sports Direct and Old Mutual tumbled. The index closed 0.63 per cent down at 6,088 points. Sports Direct slumped after Mike Ashley's retailer posted underwhelming first half results and the company was criticised for staff working conditions. Group revenue ticking up 0.1 per cent to £1.43bn, [...]
As Tesco’s share price drops to an 18-year low, it’s clear the rollercoaster ride will continue for some time yet December 10, 2015 Tesco has turned back time this week, with its share price dropping to an 18-year low. The less said about what was going on in 1997 the better – instead, we turn our focus to the rollercoaster ride that is the UK's largest retailer. Dave Lewis has certainly ushered in some change, but given where Tesco's [...]
Ashley Madison, Carphone Warehouse and TalkTalk: These are the 10 worst cyber attacks in 2015 December 10, 2015 From TalkTalk to Ashley Madison, major data breaches have scarcely been out of the headlines for a moment this year. 2015 has been the year when hacks really went through the roof, with millions of people having had their private data stolen in the UK alone and national governments scrambling to combat the growing threat [...]
Any Currency will do when picking up your winnings December 10, 2015 Bill Esdaile previews the best of the action from Cheltenham’s December meeting We've been treated to some great stories already this jumps season and the bandwagon rolls on to Cheltenham next for their two-day December meeting. Now, I wouldn’t normally lead one of these articles with the Cross Country Chase (Friday 2.20pm), but when there’s [...]
Tesco share price falls to an 18-year low: What was going on last time it was this low? December 10, 2015 Shares in embattled supermarket Tesco ended at an 18-year low yesterday, having closed down 2.27 per cent to 153.00p per share. The declines are part of an ongoing saga that the retailer has been battling for over a year now, but the failure of the top team to get to grips with the issues has led to [...]
VW chief Matthias Mueller says “no plans” for asset sell-off as chairman Hans Dieter Poetsch blames “chain of errors” and company culture for CO2 emissions scandal December 10, 2015 Volkswagen chief executive Matthias Mueller has insisted there are no plans – and no need – to sell of assets following the emissions scandal which has rocked the German car company. Speaking at as press conference with chairman Hans Dieter Poetsch, he said there was no need to "even think about this question". "I'm not going to speculate about figures we [...]