BHS creditors set for £36m payout against £1bn of debts January 28, 2018 BHS’ unsecured creditors are set for a £36m interim payout against debts over £1bn, according to reports. FRP Advisory, the liquidator of the former high street stalwart, disclosed a 3.62p dividend in a document sent to creditors last week. BHS collapsed into administration in April 2016, with as many as 11,000 people losing their jobs. [...]
Chelsea 3, Newcastle United 0: Michy Batshuayi scores twice but Antonio Conte admits striker could leave this week January 28, 2018 Chelsea 3, Newcastle United 0 Chelsea manager Antonio Conte admits Michy Batshuayi could leave the club on loan this week despite his two goals sinking Newcastle and sending the Blues into the fifth round of the FA Cup. Batshuayi struck twice in the latter stages of the first half to put the hosts firmly in [...]
Number of UK startups launched in 2017 drops amid “muted” government support January 28, 2018 The number of startups launched in 2017 dropped more than 10 per cent to just over 589,000 last year, according to figures published today by the Centre for Entrepreneurs (CFE) think tank. Data from Companies House showed 589,008 new businesses set up shop in 2017, down from 657,790 the previous year. This marked the first [...]
Facebook, Apple, Alphabet, earnings preview: The “big tech” backlash has yet to reach Wall Street January 28, 2018 A flurry of earnings from the world’s biggest tech companies are this week expected to show consumer and investor appetite has not yet been dampened by a growing backlash. Apple, Facebook, Google parent Alphabet, Amazon and Microsoft are worth almost three trillion dollars between them and make up half of the top 10 most highly [...]
Labour leader Jeremy Corbyn wants powers to take over empty luxury properties to solve the housing crisis January 28, 2018 Jeremy Corbyn wants to reclaim luxury property that is left “deliberately” empty to help solve the nation’s housing crisis. “We would give local authorities the power to take over deliberately left vacant properties,” the Labour leader said, speaking on the BBC’s Andrew Marr show on Sunday morning. Read more: Editor’s Notes: May can benefit from [...]
AstraZeneca full-year results: Investors eye a turnaround following progress on new drugs January 28, 2018 One of the world’s top pharmaceuticals companies will report its results this week following a spate of recent drug approvals. Over the past month, AstraZeneca has received approval for its drug Lynparza in Japan for the treatment of ovarian cancer and in the US to treat breast cancer. It also got the green light from [...]
The government is looking into whether companies are using share buybacks to inflate bosses’ pay January 28, 2018 The government could crack down on share buybacks, as it has hired researchers to determine whether they are being used by companies to artificially inflate their executives’ pay. Share buybacks, where a company purchases some of its own shares to reduce the number available in the market and often raise their price, can increase a [...]
UK profit warnings soar to two-year high with support services firms hit the hardest January 28, 2018 The number of FTSE companies issuing profit warnings flew to a two-year high in the fourth quarter of 2017 as consumers were squeezed by cost pressures and contract uncertainties were exposed. UK-listed companies issued 81 profit warnings in the three months to December, the highest quarterly total since the fourth quarter of 2015, according to [...]
Coincheck theft: Customers will be refunded after a massive hack of NEM (XEM) January 28, 2018 A bitcoin exchange which suffered a massive hack, thought to be the biggest in the world, has promised to refund customers. Coincheck, a Japan-based exchange for buying and selling bitcoin and other cryptocurrency, has said it will reimburse anyone who lost digital cash as the result of the $534m (£380m) theft. Read more: The FCA’s [...]
The FCA’s issued a fresh warning on bitcoin, cryptocurrency and binary option scams as fraudsters move online January 28, 2018 The UK’s financial regulator is issuing a fresh warning to consumers over bitcoin and other cryptocurrencies that are luring people into scams online. The Financial Conduct Authority (FCA) has said investors are now being targeted by fraudsters on Facebook, Instagram and Twitter, more than they are over the phone, tempting people to put cash into [...]