Value of European IPOs in 2015 drops following Chinese stock market crash October 8, 2015 Flotations on Europe’s stock markets raised 30 per cent less money in the third quarter than the same time last year, according to PwC, although the accountancy firm predicts a pick-up in activity before the year-end. China’s August stock market crash sent jitters across the globe, prompted businesses to put their listing plans on ice, [...]
Tottenham , Dartmouth and Folkestone: These are Britain’s high street rising stars October 8, 2015 Tottenham has been crowned one of the country’s “rising stars” as part of a competition to find the best high streets in Britain. The gritty north London suburb, which has been trying to shake off its recent history of violence and riots, was one of 10 high streets that came runner-up after missing out on [...]
Deutsche Bank’s share price rises despite warning of huge quarterly loss and reduced dividend payment October 8, 2015 Deutsche Bank's share price has gone up despite this morning's warning to investors that it expects to post a €6.2bn (£4.5bn) loss in its third quarter results. Germany's biggest bank said its dividend payment for the full year could be reduced or suspended, as write-downs at its corporate banking unit take their toll. Along with difficulties at [...]
Volkswagen share price rises as US boss Michael Horn admits he knew about “emissions non-compliance” last year October 8, 2015 Michael Horn, the head of Volkswagon in the US, has admitted he was made aware of “possible emissions non-compliance” by the company last year. In a testimony due to be presented to a panel of investigators at the House of Representatives today, Horn said the possibility was highlighted to him in a West Virginia University study [...]
Investment Association boss Daniel Godfrey’s exit raises questions for funds October 7, 2015 Hold On To Your Friends, Lost, I Don’t Mind If You Forget Me: all hits of Morrissey, The Smiths vocalist. They are also song titles which might resonate with Helena – a better-known Morrissey in the City – whose roles include the chairmanship of The Investment Association. Some members of the fund managers’ trade [...]
Megabrew deal back on? SABMiller share price rises as AB InBev increases bid to £42.15 per share October 7, 2015 AB InBev is not giving up on its desire to "build the first truly global beer company" by increasing its offer for rival SABMiller to £42.15 per share. SABMiller's share price rose three per cent on the news. Previous bid offers from the Belgian company were previously rejected by SABMiller, including yesterday's £40 per share [...]
London IPOs fell sharply in the third quarter as election nerves hit markets October 7, 2015 The number of initial public offerings (IPOs) fell sharply in the third quarter as uncertainty in the run-up to the General Election in May prompted many businesses to shelve plans until later in the year. Only six flotations raising £184m took place in London over the past three months, including hostel owner Safestay, which [...]
2015 Shonky awards: Samsung and Ikea have the shoddiest products, according to consumer group Choice October 7, 2015 Big name brands Coca-Cola, Ikea and Samsung have walked away with a new award – but it might not be one they boast about to their customers. The 2015 Shonky Awards go to companies "that have flouted consumer protection laws, sold products that were faulty by design, and shown blatant disregard for consumer safety", according to [...]
VW emissions scandal: Recalls expected to start in January 2016 and complete by year-end October 7, 2015 New Volkswagen boss Matthias Mueller expects the company to start recalling cars involved in the emissions scandal at the start of next year. Last month, it was revealed that millions of the German company's diesel vehicles were fitted with technology that allowed them to cheat in emissions tests. An estimated 11m cars worldwide are [...]
How to find out if your Volkswagen car is affected by the emissions cheating scandal: VW creates dedicated web page for car owners October 7, 2015 Having announced plans to begin recalling cars involved in the emissions scandal at the beginning of 2016, including 1.2m in the UK, Volkswagen has set up a dedicated website to allow customers to check if their car was rigged with its emissions cheating device. Customers must enter their vehicle identification number (VIN) and the website will [...]