JD Sports share price rises: Retailer posts record first half profit but warns National Living Wage will bite September 17, 2015 JD Sports share price climbed 1.4 per cent this morning as the retailer revealed record first-half profit. But the company has tempered its outlook for the future with a warning over the impact of the Living Wage – yet another company to do so. The figures JD Sports' adjusted pre-tax profit jumped 82 per cent [...]
One third of Brits have already started Christmas shopping September 17, 2015 If you haven’t already done your Christmas shopping, then you might want to get stuck in because a third of UK shoppers are already one step ahead of you this season. A survey conducted by New York-listed technology company Rubicon Project found that 30 per cent of us have already started Christmas shopping. Among parents [...]
Merlin Entertainments share price falls as Alton Towers offsets strong growth at Legoland September 17, 2015 Merlin Entertainment's share price fell this morning as the theme park group revealed it was still struggling to shrug off the impact of the shocking accident at Alton Towers earlier this year. The figures Group like-for-like sales rose 0.3 per cent in the 36 weeks ended 5 September, including the key summer trading period of July [...]
The unexepected financial advantage of going green: green funds are outperforming fossil fuel black funds September 17, 2015 Going green is finally paying off, as a study has shown that green funds are significantly outperforming “black funds”. Green funds invest only in environmentally friendly companies. But it seems ethical preoccupations needn’t be the only reason for choosing them. The University of Edinburgh Business School analysed 1,400 funds and found that over the past [...]
David Beckham signs deal with Kent & Curwen September 17, 2015 David Beckham has signed a five-year deal with upmarket British sportswear retailer Kent & Curwen that will see the former England captain design ranges and promote the brand overseas. The deal is the first to come out of Beckham and his business partner Simon Fuller’s joint venture with Hong Kong-listed Global Brands Group last year, [...]
Beer giants AB InBev and SABMiller in takeover talks: The long-awaited superbrew merger starts September 17, 2015 The world's largest brewer Anheuser-Busch InBev (AB InBev) has set its sights on a takeover of rival SABMiller, which would create a mammoth global brewery worth $275bn (£177bn). Shares in SABMiller shot up by nearly 20 per cent on the news, pushing the FTSE 100 to a one-week high during yesterday’s trading. The [...]
Insurance deal frenzy shows no signs of stopping as Phoenix considers offer for Cinven subsidiary September 17, 2015 Insurer Phoenix Group today confirmed it’s in talks about a possible takeover of Cinven-owned Guardian Financial Services. “Phoenix has been evaluating Guardian Financial Services as part of an on-going sale process for the Guardian Financial Services business,” it said in a statement to the London Stock Exchange today. “Discussions remain on a non-exclusive basis. There [...]
Glencore share price: Debt-struck resuorces giant calms investors with £1.6bn cash call September 16, 2015 Glencore’s share price closed 5.2 per cent higher yesterday, after a £1.6bn share placing reassured investors that the debt-struck resources giant could turn around its fortunes. The FTSE 100 commodities trader and miner rallied to 134.7p per share, having plummeted to an all-time low of 118.10p on Tuesday, due to market jitters about Glencore’s unwieldy [...]
Former Anglo American and BHP Billiton chiefs Cynthia Carroll and Marius Kloppers move on to new positions September 16, 2015 Two former chief executives who presided over mining giants during the financial crisis have moved on to pastures new. Cynthia Carroll, who was chief executive of Anglo American from 2007 to 2013, has been hired as an adviser at Indian mining conglomerate Vedanta Resources. “Having known Cynthia for many years, I look forward [...]
Entertainment One share price jumps as Canada Pension Fund buys £142m majority stake from Marwyn Value Investors September 16, 2015 A Canadian pension fund has splashed millions on taking a majority stake in Entertainment One, the film and TV company behind the global hit children's show Peppa Pig. Shares in the company, which also distributes movies such as the Hunger Games, jumped by more than seven per cent in morning trading as the Canada Pension [...]