Valeant creates office of chief executive officer after announcing CEO Pearson is to go on medical leave December 28, 2015 Valeant Pharmaceuticals has announced that its chief executive J. Michael Pearson will be taking a leave of absence, effective immediately, following his hospitalisation last week. Last week Valeant confirmed that Pearson was being treated for a "severe case of pneumonia". Read more: Valeant severs ties with Philidor following share price plunge To serve in the [...]
Sirius Minerals share price jumper after it signs with the China’s Huaken International December 24, 2015 Shares in Sirius Minerals jumped as much as 11.2 per cent to 15.57p per share today after the Aim-listed company clinched a deal with a Chinese company. Chinese importer and exporter Huaken International has agreed to buy 500,000 tonnes of polyhalite over a seven-year period from Sirius' York Potash mine. It's an "offtake" agreement, something that's agreed before a [...]
Wandisco share price leaps after big data contract wins December 24, 2015 Shares in big data company Wandisco jumped this morning, after it unveiled two "significant" new contracts with (unnamed) companies in the financial services and telecoms sectors. Shares were nine per cent higher at 85p in early trading. In a statement yesterday the company – one of the few listed companies able to boast headquarters in both California and [...]
FTSE 100 set to drop five per cent over the year on mining, oil and banking stocks December 24, 2015 The FTSE 100 is set to end the year lower than it started thanks to disappointing performances in the mining, oil and gas and banking sectors – after it reached highs in excess of the 7,000-point mark in March, April and May. The index hovered around 6,250 points in early trading, up 0.1 per cent, [...]
At the close: FTSE 100 index makes strong gains on the back of commodities December 23, 2015 The FTSE 100 index closed sharply higher on Wednesday, with the bounce-back led by mining companies with oil companies not far behind. The UK's top blue-chip index closed 2.6 per cent up at 6,240 points, as the dead cat bounce in resources continued. "Stock markets have been encouraged by a stabilisation in commodity prices which has picked up [...]
Eurotunnel has record breaking year for freight – despite Calais migrant crisis December 23, 2015 Despite Operation Stack holding up thousands of lorries in Kent, Groupe Eurotunnel reported a record breaking year for its freight shuttle service. The company said that a week after "Le Shuttle Freight" carried the 23 millionth truck through the Channel Tunnel since commercial services started, Eurotunnel hit a new all-time record. Eurotunnel carried just under 1.5m trucks [...]
Law firm Slater and Gordon share price falls as it faces class action over Quindell division purchase from rival Maurice Blackburn December 23, 2015 Slater and Gordon is facing a possible class action suit from a rival law firm due to a "devastating" share price drop suffered since acquiring a division of embattled Quindell earlier this year. Rival Maurice Blackburn said shares in the law firm have shed around 90 per cent since April, as investors questioned its acquisition of the [...]
Panmure Gordon share price plummets as it warns of loss for 2015 December 23, 2015 Panmure Gordon shares crashed this morning, after the stockbroker and investment bank warned tough market conditions meant it will make a loss this year. Shares in the company fell as much as 40 per cent to 50.2p per share at the open, taking the decline to around 60 per cent since the beginning of this year. [...]
FTSE 100 index opens higher as miners extend gains December 23, 2015 A dead cat bounce by miners yesterday has been extended, leading the FTSE to a strong opening on a shortened week of trading. The UK's blue-chip index opened 1.03 per cent higher at 6,145 points, led by Anglo American and Glencore. Anglo American opened 3.59 per cent higher at 307.83p per share, while Glencore rose 4.25 per [...]
Christmas comes early for Uber as burdensome regulations look set to be disregarded December 23, 2015 Uber is expected to receive an early Christmas present today as a raft of burdensome regulations that would have effectively shut the firm down in the capital look set to be disregarded after fierce opposition from business groups and consumers. The final responses to a Transport for London (TfL) consultation on how to better regulate [...]