JD Sports shares rise as King of Trainers hikes full-year profit guidance December 3, 2015 JD Sports have climbed by more than two per cent after the sportswear retailer revealed that full-year profits are likely to beat current City expectations. The so-called King of Trainers said the strong performance it enjoyed in the first half of the year, when it reported a 10 per cent rise in like-for-like sales, had continued [...]
HSS share price jumps after media report suggests no merger with Speedy Hire December 3, 2015 HSS Hire shares jumped today after a report suggested talks for a £300m merger with fellow tool and equipment hire group Speedy Hire had stalled. Shares in the Heathrow-based HSS had jumped as much as 10.3 per cent at 57.35p per share this morning, and were up 8.65 per cent at 56.5p per share at the close. HSS and [...]
Profits drop by 26 per cent for British packaging company DS Smith, causing share price to tumble too December 3, 2015 Profits have unraveled at DS Smith, as the packaging company today announced a fall in profits before tax of 26 per cent on a reported basis to £91m for the six months ended 31 October 2015. Revenue at the company dropped one per cent on a reported basis to £1.95bn, although this had increased by [...]
Polyus Gold is the latest Russian company to leave the London Stock Exchange today December 3, 2015 Russia's largest goldminer Polyus Gold leaves the London Stock Exchange today. Polyus was taken over by a shell company Sacturino, which is controlled by billionaire Suleiman Kerimov's family. Their company, Wandle Holdings, was the majority 40 per cent stakeholder in Polyus and completed its compulsory acquisition early in November. It's the latest in a flurry of Russian [...]
Debenhams’ and Spire’s share prices lead the fallers on the FTSE 250 after analysts’ warnings December 3, 2015 Debenhams and Spire Healthcare were the two biggest fallers on a buoyant FTSE 250 today following on from analysts' warnings. Retailer Debenhams was down 4.45 per cent to 79.2p per share in early-afternoon trading, after a note from Goldman Sachs cast doubt on its profit outlook. Read more: Debenhams set for shareholder leadership coup Analysts at Goldman Sachs said the outlook for profits for [...]
Starcom share price soars as it clinches largest contract to date December 3, 2015 Shares in Starcom closed up almost 40 per cent yesterday after soaring as much as 91.1 per cent earlier after the tech company revealed its largest contract to date. Aim-listed Israeli company Starcom announced the three-year $5.5m (£3.65m) deal to supply Helios units to Pinnacle Systems, a Nairobi, Kenya-based company which specialises in fleet management [...]
Shell wins final Australian approval for its takeover of BG December 3, 2015 Oil major Shell has received the final nod from an Australian regulator for its proposed $70bn (£47bn) acquisition of BG group, meaning China is now the last regulatory hurdle it has left to clear. Approval from Australia's Foreign Investment Review Board means Shell has satisfied four out of five pre-conditions necessary for the deal to go ahead. The company added it [...]
Former Barclays chief executive Antony Jenkins was “surprised” at being sacked December 3, 2015 Former Barclays chief executive Antony Jenkins has spoken of his surprise at being sacked from one of banking's top jobs this summer – but admitted "these things happen" The "nice guy of banking" has spoken publicly for the first time about the event in which the bank's new chairman, John "Mack the Knife" McFarlane, said a new style was [...]
AB Inbev confirms plans to sell part of SABMiller’s business, aka Peroni, Grolsch – and UK craft brewer Meantime December 3, 2015 Soon to be wed, AB Inbev and SABMiller have confirmed they're looking at ways of appeasing their parents, ie. competition regulators, by exploring the sale of three of SAB's biggest European brands. Yep: as has been rumoured in the past few days, Peroni and Grolsch may be put up for sale, the pair said in statements today – [...]
Barclays is selling its Italian retail banks to Mediobanca’s CheBanca! business December 3, 2015 Barclays is about to offload its Italian retail banking operations, the company announced today. It will sell its network of branches, amounting to 89 in total, to CheBanca! – a unit of Italian investment firm Mediobanca. The transaction is expected to be completed in the second quarter of next year, and is part of Barclays' [...]