Sainsbury’s, Tesco, Asda and Morrisons: Supermarket petrol price wars to intensify as oil rout deepens January 13, 2016 The supermarket petrol price war is set to intensify, as the "lower for much longer" mantra sweeps through global oil markets. Oil has fallen around 15 per cent since all big four supermarkets – Sainsbury's, Tesco, Asda and Morrisons – slashed diesel prices to below £1 earlier this month. A Morrisons spokesperson said: “If oil prices continue to fall [...]
Recruiter Hays share price falls after fee income grows in quarter ended 31 December 2015, although mining market caused a slowdown in Asia Pacific January 13, 2016 Recruiter Hays announced today that its net fees grew by seven per cent overall on a like-for-like basis for the quarter ending 31 December 2015. In a trading update about its second quarter performance ahead of its interim results in February, Hays revealed that market conditions had been slightly challenging in Asia Pacific and the [...]
Twitter share price falls to all-time low again – this time tumbling under $19 January 13, 2016 Twitter shares fell to earth with all the speed and elegance of a sparrow hitting a window, tumbling under $19 per share for the first time to fresh all-time lows. Stock plummeted to an intraday low of $18.57 shedding more than five per cent and taking it to the lowest it has ever traded at. The social network has been heading [...]
Fund manager Neil Woodford’s Patient Capital Trust mulls raising more money January 13, 2016 Star fund manager Neil Woodford's solo venture, Woodford Patient Capital Trust, has announced it's considering raising more money. "With the current market conditions in mind, the board … is currently looking at ways it can raise additional capital in the year ahead and will consult with, and gauge interest from, investors," the company said in a statement to the [...]
Stephanie Flanders: Bright spots for investors in 2016 will be in high-yield corporate bonds and UK stocks January 13, 2016 UK stocks and high-yield corporate bonds could become more popular this year as investors look for a return amid near-record low government bond yields and turbulent stock markets. Big swings in stock markets are likely continue throughout the year until question marks over global economic growth and China are resolved, said Stephanie Flanders, chief market [...]
Dunelm share price drops as the homeware chain blames the weather for disappointing Christmas sales January 13, 2016 Dunelm's share price has tumbled nearly five per cent after the homeware chain blamed the warm winter weather for disappointing second quarter sales, placing it among the retail losers this Christmas. The family-owned listed company, which has 151 stores selling everything from curtains to sofas, said like-for-like sales slid by 0.8 per cent in the 13 weeks to 2 January after stripping out the impact of [...]
AB InBev planning giant bond sale for SABMiller deal as San Miguel joins list of suitors interested in buying Grolsch and Peroni brands January 13, 2016 AB InBev is gearing up for the second-largest global bond deal ever, as it starts selling bonds to complete the first phase of backing its takeover of SABMiller. The deal looks set to be at least $25bn (£17.3bn) in size, making it the largest corporate sale since Verizon Communication's $49bn bond sale two years ago. [...]
General Electric cuts 6,500 jobs in Europe from Alstom’s energy businesses and 660 jobs could be at risk in the UK January 13, 2016 General Electric has announced it is cutting 6,500 jobs in Europe from energy companies it bought from Alstom. Three per cent of GE's UK workforce could be cut, affecting up to 660 people, although City A.M. understands the company is hopeful it will be fewer than 600. GE is the second largest overseas industrial employer in the [...]
Premier Oil shares suspended pending an announcement January 13, 2016 Shares in Premier Oil were halted for trade today, after the oil and gas explorer asked for a suspension pending the announcement of a potential acquisition. Premier oil could be about to join a smattering of consolidation activity that's taken place in the wake of Royal Dutch Shell's mega-deal with smaller rival BG, spurred on by low oil prices [...]
FTSE 350: UK dividend payments to fall in 2016 as basic resources companies struggle January 13, 2016 UK dividend payments are set to fall this year due to slower global economic growth, plunging commodity prices and increasingly debt-laden companies. FTSE 350 company dividend payouts will fall three per cent to £81.1bn this year, according to a report by financial services information provider Markit. At the same time, ordinary payments by FTSE 350 companies are [...]