Japan's Prime Minister Shinzo Abe has called a snap election one day after the world's third-largest economy slipped into recession.
Furthermore, he is promising to delay the controversial second hike in sales tax by 18 months.
Chairman Rob Terry and non-executive director Steve Scott are leaving Quindell with immediate effect, while Laurence Moorse will remain at the company for 12 months after the 2015 annual meeting, the company confirmed this morning.
Quindell, the London stock-market listed group targeted for months by a short-selling research group Gotham City, was yesterday forced to part company with its chairman in an effort to restore investor confidence.
Britain yesterday welcomed the International Finance Corporation’s (IFC) announcement that it has issued a 10bn rupee bond in London today, the largest ever rupee bond to be issued on the London Stock Exchange.
Supermarkets need to dramatically scale down their store estates if they want to stop haemorrhaging sales and return to growth, according to analysts at Goldman Sachs who sent a stark warning to the retail industry.
Financier Nat Rothschild may increase his stake in troubled mining firm Asia Resource Minerals (Arms).
The Indonesian company announced yesterday that Rothschild had indicated his interest in underwriting an equity issue for the firm.
Majestic chief executive Steve Lewis said yesterday that the group’s push into craft beers and spirits was helping to fend off competition from supermarkets after sales of brands, including top seller Curious Brew, soared in the first half.
TECHNICAL products company Diploma yesterday reported revenue of £306m for the 2014 financial year, up seven per cent from £286m in 2013.
The firm’s pre-tax profit also improved, from £48.5m to £49.8m, a jump of three per cent.
COMPANIES significantly underperform the market during periods when they announce no M&A activity – either acquisitions or divestments – and even more significantly underperform companies active in announcing M&As.
GROUND engineering specialist Keller said yesterday its financial performance was ahead of last year’s, but noted that the North American and European markets remained challenging, with order intake slowing over the past few months.