As Tesco’s share price drops to an 18-year low, it’s clear the rollercoaster ride will continue for some time yet December 10, 2015 Tesco has turned back time this week, with its share price dropping to an 18-year low. The less said about what was going on in 1997 the better – instead, we turn our focus to the rollercoaster ride that is the UK's largest retailer. Dave Lewis has certainly ushered in some change, but given where Tesco's [...]
Ashley Madison, Carphone Warehouse and TalkTalk: These are the 10 worst cyber attacks in 2015 December 10, 2015 From TalkTalk to Ashley Madison, major data breaches have scarcely been out of the headlines for a moment this year. 2015 has been the year when hacks really went through the roof, with millions of people having had their private data stolen in the UK alone and national governments scrambling to combat the growing threat [...]
Any Currency will do when picking up your winnings December 10, 2015 Bill Esdaile previews the best of the action from Cheltenham’s December meeting We've been treated to some great stories already this jumps season and the bandwagon rolls on to Cheltenham next for their two-day December meeting. Now, I wouldn’t normally lead one of these articles with the Cross Country Chase (Friday 2.20pm), but when there’s [...]
Tesco share price falls to an 18-year low: What was going on last time it was this low? December 10, 2015 Shares in embattled supermarket Tesco ended at an 18-year low yesterday, having closed down 2.27 per cent to 153.00p per share. The declines are part of an ongoing saga that the retailer has been battling for over a year now, but the failure of the top team to get to grips with the issues has led to [...]
VW chief Matthias Mueller says “no plans” for asset sell-off as chairman Hans Dieter Poetsch blames “chain of errors” and company culture for CO2 emissions scandal December 10, 2015 Volkswagen chief executive Matthias Mueller has insisted there are no plans – and no need – to sell of assets following the emissions scandal which has rocked the German car company. Speaking at as press conference with chairman Hans Dieter Poetsch, he said there was no need to "even think about this question". "I'm not going to speculate about figures we [...]
Lloyds share price rises after it wins ECN bonds case in appeals court December 10, 2015 Lloyds shares rose today, after a court of appeal sided with the bank over its request to buy back special high-interest bonds, which were issued during the height of the financial crisis. Lloyds sold the enhanced capital notes (ECNs) to retail investors shortly after it was bailed out by the government in 2009, boosting its capital buffer. The [...]
Shell could pull out of New Zealand after over 100 years as oil prices plunge December 10, 2015 Royal Dutch Shell is reviewing its business interests in New Zealand, where it has operated for more than 100 years, as it looks to cut costs amid persistently low oil prices. Low oil prices have squeezed oil companies' balance sheets forcing them to review and cut back operations. Brent crude oil, the global benchmark, fell below $40 per barrel [...]
FTSE 100 index opens flat weighing Glencore gains against Sports Direct losses December 10, 2015 The FTSE 100 index opened flat this morning, weighing gains made by Glencore and losses in Sports Direct and Old Mutual The UK's top blue-chip index opened 0.44 per cent down at 6,099 points. Old Mutual dropped 4.61 as the market opened, to 186.2p per share, while Sports Direct's share price fell 6.69 per cent to 621p [...]
Glencore share price rises as it unveils increases debt reduction and cuts spending December 10, 2015 Glencore shares rose 5.7 per cent to 87.75p per share this morning, as investors cheered its plans for more debt reduction and spending cuts. In a statement released ahead of its annual investor day, the commodities miner and trader said it was now targeting net debt of between $18bn (£11.9bn) and $19bn by the end of 2016, lower than the previous [...]
Star fund manager Neil Woodford sells Rolls-Royce stake after profit warning in November December 10, 2015 Star fund manager Neil Woodford has sold his stake in Rolls-Royce, after a disappointing trading update from the engineering company last month. While Woodford didn not say how big the stake was, reports suggest that it was initially around 2.2 per cent of the company, or £232m. "Over the last couple of years, Rolls-Royce has become a more challenged [...]