HP share price jumps after it splits into two businesses October 6, 2014 Investors have welcomed HP’s move to split itself into two separate businesses with shares in the tech giant opening five per cent higher. HP confirmed the restructure, which will give shareholders a stake in both businesses – one housing its computer and printer business, the other its enterprise tech arm – today. Current chief executive [...]
Jimmy Choo IPO ‘to value shoe label at £700m’ October 6, 2014 Luxury shoe company Jimmy Choo could land on the London Stock Exchange with a top valuation of £700m – less than originally expected, according to reports. The high end label, a favourite of Sex and The City star Sarah Jessica Parker, is looking to issue a quarter of its share equity with an initial [...]
Conversation bores: Why people switch off when you talk about your incredible experiences October 6, 2014 If you want people to find you more interesting, don't talk about your most exciting or unusual experiences. A study has shown that people would rather not hear these stories, no matter how breathtaking, life-changing or mind-blowing they might be. Dr Gus Cooney from Harvard University looked at people's responses to stories after [...]
The Co-operative Group completes £620m pharmacy deal with Bestway October 6, 2014 The Co-operative Group has completed the sale of its pharmacy business to Bestway for £620m today, with the funds going to pay down some of the mutually-owned company's debts. The completion follows the announcement this summer that Bestway had emerged victorious from a hotly contested bidding war for the chemist arm. Bestway fought [...]
Tesco chairman Sir Richard Broadbent could be considering his resignation October 6, 2014 Is Tesco chairman Sir Richard Broadbent departing the supermarket? After overseeing probably the retailer’s worst period in history, Broadbent may finally be mulling an exit from the country’s biggest supermarket. The chairman would consider stepping down, the Wall Street Journal reports, after the investigation into a recently discovered £250m accounting blackhole is complete, After three [...]
Bank of England: Banks must submit ring-fencing plans by year-end October 6, 2014 British banks have been given less than three months to put together an initial plan of how they would protect retail customers from any potential fall out from their riskier activities. The Bank of England has published four papers outlining its plan to improve the financial stability and security of deposit takers, to avoid a [...]
Boxhill Technologies share price surges: Board “knows of no reason” for 66pc rise October 6, 2014 Boxhill Technologies has been forced to issue a statement to the market saying it had no idea why its share price surged 66 per cent this morning. The company, which specialises in lottery, software and gaming technology, opened at 14p per share this morning, but rose to 33p just before 10am. In a [...]
A pint with your meal? SABMiller targets women and wine drinkers in new strategy October 6, 2014 Could beer become as popular with women as coffee? That is certainly what SAB Miller chief executive Alan Clark and marketing director Nick Fell are banking on. In an investor seminar in London today, the pair talked through plans to build the company – which owns brands including Coors, Grolsch, Peroni and, of [...]
The 2014 Nobel Prize in Physiology or Medicine has been won by Edvard and May-Britt Moser, but which scientific field has been the most successful? October 6, 2014 The first of this year's Nobel Prizes has been awarded to a British-US scientist and two Norwegian scientists for their combined work in the field of brain science. This morning. John O’Keefe and husband-and-wife team Edvard and May-Britt Moser won the Nobel Prize in Physiology or Medicine for discovering an ‘inner GPS’ in the [...]
Euro Disney share price plummets as recapitalisation plan fails to impress October 6, 2014 Even the land of fairy tales can't escape from France's economic woes. Euro Disney today announced a €1bn recapitalisation plan to help it recover amid a souring European economy. The recapitalisation is backed by its parent Walt Disney, which owns almost 40 per cent of Euro Disney and had to bail it out [...]