Peugeot and Siemens chief executives warn Grexit would destroy Europe’s economic recovery June 22, 2015 The heads of some of Europe's largest companies have warned of the negative impacts a Greek exit from the euro would have on the wider European economy. Read more: Greece on the brink ahead of crisis talks They argue that although Greece accounts for just two per cent of the Eurozone's economy, losing it from the [...]
Spire Healthcare share price rises after it selling stake to South Africa’s Mediclinic June 22, 2015 Spire Healthcare shares rose 9.4 per cent to 350 pence per share today, propelling it to the top of the FTSE 250, after South African rival Mediclinic bought a stake in the private health firm from private equity firm Cinven. Remgro, a major shareholder of South Africa's Mediclinic, bought a 29.9 per cent stake from Cinven for 360 pence [...]
Ryanair flight FR7322 to Alicante declares emergency and lands in Paris June 22, 2015 Ryanair flight FR3722 from Frankfurt in Germany to Alicante in Spain has landed in Paris after declaring an emergency. According to AirLive.net, the Boeing 737-8AS turned after being in the air for only a short while. The flight left from Frankfurt-Hahn international airport just under an hour ago and was scheduled to arrive in [...]
Countdown to Grexit: Here are the key dates that could save Greece before bailout deal expires June 22, 2015 The next few days are crucial for Greece, as the country seeks to reach a deal with creditors over reforms to unlock bailout funds to save its embattled economy. The Eurogroup of finance ministers met last week in Luxembourg – a meeting considered to be the best opportunity for a deal. Talks broke down however. Then came [...]
European stocks soar as European Commission President Jean-Claude Juncker says proposals “good basis for progress” June 22, 2015 European stock markets had a strong start to the week, as renewed optimism about a deal between Greece and its lenders boosted indices. The Cac and the Dax were both up 3.1 per cent at pixel time, while the FTSE 100 was up 1.4 per cent. Stocks in Athens were up more than eight [...]
Thorntons share price soars 43 per cent after Ferrero spoils it in £112m takeover deal June 22, 2015 Thorntons shareholders clearly think Ferrero is spoiling them – the British chocolate business' share price has soared more than 43 per cent this morning on the back of a £112m deal. Ferrero's parent company Ferholding has confirmed it has bought 29.9 per cent of the troubled chocolatier for 145p per share – a 43 [...]
Here’s how Royal Mail wants to turn itself around: Targeted junk mail based on your online shopping June 22, 2015 It hasn't been an easy few months for Royal Mail since it went public – but now the company has a secret weapon: targeted junk mail based on your online shopping habits. The company has already begun a "secret pilot" with a large UK retailer, the Daily Mail reported, with mail sent to households if they so much [...]
Small business confidence hits five-year high in the UK June 22, 2015 Britain's small businesses grew solidly over the last three months, according to the latest small business index from the Federation of Small Business. A “robust” improvement in confidence pushed up productivity, job creation and investment at a faster rate than in the economy as a whole. Both investment and growth hit their highest [...]
Taylor Swift 1; Apple 0: Tech giant backs down over payment policy after Shake It Off singer threatens to block album June 22, 2015 Apple Music has backed down on its payment policy a day after singer Taylor Swift said she would refuse to let the tech giant stream her album 1989. The Shake It Off singer had written an open letter to the company saying she would withhold her record in light of plans to offer a [...]
Afren seeks investor support for refinancing agreement through new microsite as share price stagnates June 22, 2015 Troubled oil firm Afren has set up a microsite to gain support from shareholders for its controversial refinancing of its debt in March. The site features videos with management, the refinancing prospectus, FAQs and other material related to the vote. The Nigeria-focused business agreed a $300m debt-for-equity deal after defaulting on its $15m [...]