Card Factory share price falls eight per cent after bosses sell shares June 19, 2015 Shares in discount greetings chain Card Factory slumped eight per cent to 329p per share this morning, after bosses sold shares amounting to 4.3 per cent of the company. The Wakefield-based retailer said senior management had sold off 14.8m shares at 330p per share, making the total placing worth £48.84m. Its chief exec Richard Hayes sold £9.6m worth [...]
London Stock Exchange Group appoints Royal Mail’s Donald Brydon to replace Chris Gibson-Smith as its new chairman June 19, 2015 London Stock Exchange Group (LSEG) has appointed Donald Brydon as its new chairman. Brydon has an impressive CV, having served as chairman of Royal Mail as well as spending 15 years at AXA, where he occupied a number of roles. He will be replaced at Royal Mail by Peter Long, co-chief executive of travel company TUI. Read [...]
Neil Woodford: One year after leaving Invesco, star fund manager reviews his stock picks June 19, 2015 It’s not just Aim that is celebrating a birthday. Star fund manager Neil Woodford is celebrating one year since he left Invesco and set up Woodford Investment Management and the Woodford Equity Income fund. The fund is easily outperforming its sector, up 16.5 per cent for the year, compared with an increase of 7.8 per cent. [...]
Happy birthday Aim: How 20 years of London’s junior market stacks up June 19, 2015 Today is the 20th anniversary of the UK's junior market: despite the fact Aim is currently sitting 24 per cent below its opening price, it has enjoyed some remarkable success stories. The market started with just 10 components at its launch back in 1995; these days, 1,074 companies are listed on Aim. Its value has [...]
Aer Lingus sets out terms of €1.4bn IAG offer June 19, 2015 A takeover of Aer Lingus by International Airlines Group (IAG) – the parent company of British Airways – came one step closer this morning, after the Irish airline published the full terms of IAG's offer for the group and called an extraordinary general meeting. The deal has been sparked by Ryanair, which has been told [...]
Auto Trader share price rises as profits jump June 19, 2015 Shares in newly-listed Auto Trader opened 2.7 per cent higher at 316.25p as its full-year results since its IPO suggested car buyers are increasingly internet-savvy. The figures Revenues rose eight per cent to £255.9m in the year to the end of March, Auto Trader said this morning, while operating profits jumped 35 per cent to [...]
Keith Skeoch to step up as David Nish quits as chief executive of Standard Life June 19, 2015 David Nish will step down as chief executive of Standard Life in August after six years in the role, the savings giant said today. He'll be replaced by Keith Skeoch, currently chief executive of Standard Life Investments. Sir Gerry Grimstone, Standard Life's chairman, said Nish had "shown great leadership over the last six years, and [...]
Google could make joint bid for Tesco customer data unit Dunnhumby June 18, 2015 Google could soon be partnering with private equity fund Permira to make a joint bid for Tesco’s customer data business. The two firms are in talks to make a bid for Tesco’s data wing, Dunnhumby, which gathers and analyses data from about 1bn shoppers across the world, according to reports from Sky News and Reuters last [...]
Fitbit share price jumps 52 per cent on market debut in New York June 18, 2015 Shares in wearable fitness gadget maker Fitbit surged 52 per cent in their stock market debut across the pond yesterday, valuing the firm at more than $4.1bn (£2.6bn). The shares, which are now traded on the New York Stock Exchange under the ticker FIT, were priced at $20 per share for the initial public [...]
Charles Stanley’s £6m swing into the red June 18, 2015 Wealth management firm Charles Stanley started the arduous task of trying to turn around the business yesterday after revealing a £6m full year loss. The company, which traces its roots back about 200 years, saw a £6.1m profit last year evaporate to a £6.1m loss for the year ending March 2015, due to higher staff [...]