Stagecoach’s share price plummets after company downgrades profit expectations in the wake of the Paris attacks December 9, 2015 Stagecoach's share price is tumbling after it cut its profit expectations in the aftermath of the Paris attacks. The bus and train operators share price closed down 14.43 per cent to 307.40p after the announcement, making it the biggest loser on the FTSE 250. The company warned that its outlook was "cautious", explaining: "Since mid-November, we have seen [...]
Anglo American share price haemorrhages for second consecutive day December 9, 2015 Shares in Anglo American were down 7.26 per cent at 300.15p per share today, in the wake of what the miner described as a “dramatic” overhaul to its strategy yesterday. A rout in global commodity prices has helped send the company’s shares down around 75 per cent since the beginning of this year. This has heaped [...]
Anglo American’s share price drags down the FTSE 100 again December 9, 2015 Miners opened higher this morning, but the rally was short-lived, with some of the UK's commodity giants dragging the FTSE 100 into the red by mid-morning. The UK's top blue-chip index was 0.34 per cent down at 6,114 points in mid-morning trade. Anglo American dropped for the second day in a row, plunging 11 per [...]
Entertainment One share price: Peppa Pig maker reassures investors after sell-off December 9, 2015 Peppa Pig producer Entertainment One has insisted the company is still trading well after the company announced a debt deal that prompted a major sell-off of its shares yesterday. The company revealed its plans to issue £285m in bonds, as part of plans to replace existing debt facilites, on Friday. But its shares closed down 20 per [...]
UK homeowners unprepared for interest rate hike, warns TSB December 9, 2015 UK homeowners are unprepared for an interest rate rise, despite nearly three quarters of borrowers facing an increase in their monthly repayments if the Bank of England votes for a change in the base rate. A survey released today by high street bank TSB found that one of five of borrowers said they have “no [...]
Insurer AIG backs Camden Market owner Market Tech Holdings with £900m loan December 8, 2015 American insurance giant AIG has thrown its weight behind the owner of Camden Market after agreeing to provide it with a £900m debt package. Market Tech Holdings said the 10-year secured debt facility, arranged by AIG Asset Management, comprises of a committed £300m term loan, which will be drawn down immediately. A further £100m will be [...]
At the close: FTSE 100 index closes down on miners December 8, 2015 The FTSE 100 index closed down today, led lower by miners who followed Anglo American. The index shut 1.42 per cent down at 6,135 points. "Once the world knew that Anglo-American was unlikely to pay any dividend for 2015-2016, the mining sector was put to the sword for the day. Anglo American at one point saw [...]
Dow Jones drops 200 points on the open as commodities rout worsens December 8, 2015 The commodities rout continues, and now it is weighing on US stock markets, after the US Dow Jones fell over 200 points as the markets in America opened. Within the first five minutes the Dow Jones fell over one per cent, but has recovered slightly to be trading 0.97 per cent down, at 17,557 points. Read more: FTSE [...]
Challenger Acquisitions shares soar to lofty heights as Ferris wheel maker relists on London’s main market December 8, 2015 A company that builds giant Ferris wheels across the world has relisted on the London Stock Market this morning after a six month acquisition spree, with shares soaring by 30 per cent. Challenger Acquisitions suspended trading six months ago to complete its reverse takeover of engineering firm Starneth, which helped design and build four of [...]
Anglo American share price falls as it suspends dividend and cuts jobs amid deepening commodity crisis December 8, 2015 Anglo American today suspended its dividend for the first time in eight years, with the miner also laying off around 60 per cent of its workforce as it struggles to weather a rout in commodity prices. It came as the miner announced a "radical restructuring", under which its workforce will shrink to 50,000 from 135,000, as it consolidates from three to six [...]