Jupiter’s assets up under new boss as outflows begin to slow July 30, 2019 Jupiter Fund Management has seen a modest first-half improvement under new chief executive Andrew Formica, but the company is still recovering from the loss of a star fund manager earlier in the year. The company’s half year results showed an 8 per cent increase in assets under management, but outflows of client cash continued in [...]
Cafe Coffee Day founder VG Siddhartha goes missing July 30, 2019 The founder of Indian Starbucks rival Cafe Coffee Day has gone missing after reportedly facing pressure from activist shareholders. Local media outlets reported that VG Siddhartha was on his way to the port city of Mangaluru when he asked his driver to wait for him on a bridge and never returned. Shares in coffee day [...]
Alastair Campbell says he does not want to rejoin Corbyn’s Labour July 30, 2019 Tony Blair’s former spin doctor Alastair Campbell has said he does not want to rejoin the Labour party after he was expelled for voting for the Liberal Democrats in May’s European elections. Campbell, a former political journalist who served as the former Prime Minister’s chief press secretary until 2000, said he did not want to [...]
Virgin Money owner CYBG share price falls as it warns of softer full-year margins July 30, 2019 Shares in CYBG are down over 11.5 per cent this morning after the challenger bank warned that net interest margins (NIM) were likely to be at the lower end of its forecast. Read more: CYBG to rebrand as Virgin Money to ‘disrupt status quo’ of UK banking The group, which owns Virgin Money, stood by [...]
Games Workshop posts best ever results July 30, 2019 Games Workshop posted record-breaking results for the third consecutive year this morning after seeing revenue and profits soar. The figures Revenue in the 12 months to 2 June this year was £256.5m, up from £221.3m last year. Profit before tax was £81.32m, rising from £74.2m the previous year. The games retailer reported that earnings per [...]
Silver miner Fresnillo’s shares slide as profit plunges July 30, 2019 Profit at FTSE 100 miner Fresnillo tumbled by more than two-thirds in the first half of the year, it said today. The company blamed production problems and lower prices for the precipitous fall. Profit for the six months to 30 June fell 69 per cent compared to the same period last year to $70.9m (£58.2m). [...]
On a roll: Greggs boosts sales and profits July 30, 2019 Bakery chain Greggs said today that its sales for the first half were up 14 per cent on the previous year. Sales hit £546m in the six months to 29 June which Greggs said was helped by the popularity of its vegan sausage roll. Underlying pre-tax profit margin rose to 7.5 per cent from 5.4 [...]
Investors digest Beyond Meat’s share offer as stock dives July 29, 2019 The shine came off Beyond Meat’s blockbuster summer debut on Wall Street this evening, as its stock plunged after the plant-based burger group revealed plans to sell more shares. The food group’s stock dived more than 10 per cent in after-hours trading as investors digested the announcement of a secondary share offering which will dilute the value of current shareholders’ [...]
Sadiq Khan urges Boris Johnson to drop £30,000 immigrant salary threshold July 29, 2019 Sadiq Khan has urged the government to drop its proposed £30,000 salary threshold for skilled immigrants, saying it will have a damaging effect on Britain’s post-Brexit economy. The mayor of London urged the new Prime Minister, Boris Johnson, to “fully recognise the positive impact immigration and freedom of movement has had in London and the [...]
Downing Street drops inquiry into Mark Field over clash with Greenpeace activist July 29, 2019 Downing Street has dropped an investigation into former foreign minister Mark Field over his behaviour at a Mansion House banquet last month. Number 10 said it was no longer conducting an inquiry into Tory MP Mark Field, who is no longer in the government following Boris Johnson’s cabinet overhaul. Read more: Foreign Office minister Mark [...]