Jimmy Choo’s full order book October 8, 2014 ORDER books are fully covered on luxury shoe company Jimmy Choo’s London listing which could see it valued at £700m. The private-equity owned brand, which began marketing to institutional investors at the beginning of the week, has attracted enough demand for the amount on offer, including its over allotment option, and within its price range [...]
Apple share price rises after Carl Icahn tweets about letter to Tim Cook October 8, 2014 Billionaire investor Carl Icahn boosted Apple’s share price again yesterday after publishing a cryptic tweet signalling further agitation towards the US tech giant Icahn, who boosted the value of Apple’s market cap by $17bn in August 2013 after tweeting about his holding in the company, said he would publish more details in a letter [...]
Britain to deploy 750 personnel to Africa in fight against Ebola October 8, 2014 Britain yesterday announced it would deploy more than 750 personnel to Sierra Leone next week to aid the fight against the deadly Ebola virus. The UK will also provide an aviation support ship and three Merlin helicopters as part of increased efforts to help contain the virus, which has so far claimed the lives of 3,879 [...]
Douglas Carswell tops polls as Ukip poised to win first MP in Clacton vote October 8, 2014 Former Tory MP Douglas Carswell looks set to become Ukip’s first MP in the House of Commons today, as voters in Clacton-on-Sea, Essex, go to the polls. Carswell, who left the Conservatives in late August triggering a by-election, is expected to win the seat for Nigel Farage, delivering a heavy blow to David Cameron in [...]
EE hopes TV will spur broadband sign up growth October 8, 2014 The chief executive of Britain’s biggest mobile operator is hoping TV will unlock a new growth story for EE. Yesterday, the telecoms giant unveiled a TV offering in a move that would send a warning shot across the bows of rivals BT, Sky, TalkTalk and Virgin Media which have fought between themselves over who has [...]
Legal battle looms for ministers over EU’s Hinkley Point power plant decision October 8, 2014 Ministers could be facing a lengthy legal battle over the planned nuclear power plant at Hinkley Point in Somerset, following the European Commission’s announcement yesterday that construction could go ahead. Austria threatened earlier this week to sue the commission if it allowed the project, on the grounds that subsidies such as those awarded to Hinkley [...]
Mobile operator Three hit with £250,000 fine over complaints October 8, 2014 BRITAIN’S fourth largest mobile network, Three, has been hit with a £250,000 fine by the telecoms watchdog for failing to handle customer complaints correctly. Ofcom said Three had not handled complaints in a fair and timely manner, and left customers unaware they were able to raise their cases with an independent service. “The fine imposed [...]
FirstGroup share price falls on ScotRail contract loss – now East Coast looms October 8, 2014 Train and bus operator FirstGroup lost its 10-year contract with ScotRail north of the border yesterday, sending shares to their lowest level in over a year and piling pressure on boss Tim O’Toole. FirstGroup lost out to Abellio, which won the £2.5bn contract, a decision which the Scottish government was forced to defend yesterday [...]
Analyst Views: What does the loss of Scotrail mean for the future of Firstgroup? October 8, 2014 GERALD KHOO | LIBERUM All companies are disappointed when they fail to win a contract bid, FirstGroup especially because they ran the line so well for 10 years. They have been shortlisted for four franchises and failed to win three, so it’s all down to the last one now, which is East Coast NICOLAS ZIEGELASCH [...]
Weak Eurozone drags down UK export push October 8, 2014 Britain's resurgent economy is being slowed down by the weak Eurozone, a survey by the British Chambers of Commerce (BCC), says today. GDP was 3.2 per cent higher between April and June than it was over the same period a year before. This was the fastest annual growth of any G7 nation. However, the [...]