Nissan to buy 34 per cent of Mitsubishi Motors May 12, 2016 Nissan is going to buy a 34 per cent stake in Mitsubishi Motors, news that sparked Mitsubishi shares to jump. However, Nissan shares fell over one per cent. Mitsubishi is currently trying to attract capital in the wake its admission that its employees falsified data on fuel economy tests in Japan, where both companies are [...]
Barclays rules out Android Pay, going it alone with own mobile pay app May 12, 2016 Barclays is going it alone when it comes to mobile pay, rolling out its own contactless payment app on Android to all its customers, eschewing Google's own soon to launch Android Pay service. The bank's customers will be able to pay with just a swipe of their debit card from June with Barclays' Contactless Mobile [...]
EU Referendum: Vote Leave issues veiled threat to ITV over Brexit debates May 12, 2016 Vote Leave has issued a veiled threat to ITV, warning there will be "consequences" to what the group claims is a Remain bias. The campaign group has lambasted the broadcaster for scheduling a programme in which David Cameron and Nigel Farage will debate the issue in a programme on 7 June called Cameron and Farage Live: the [...]
SuperGroup’s share price soars 12 per cent as it shrugs off high street blues to post double-digit growth May 12, 2016 SuperGroup's share price soared more than 12 per cent in early trading, after reporting double-digit growth for the full year. The figures Group revenues at the SuperDry parent company rose 21.1 per cent to £589.5m for the full year to 23 April, with sales at the retail division climbing 24.5 per cent with "broadly equal contributions [...]
ITV says Brexit has sparked “uncertainty” in the UK advertising market May 12, 2016 ITV is on track for good profit growth, despite the slow UK advertising market as a result of Britain's possible untangling from the European Union. It said that advertising revenue is expected to be "broadly flat" in the first half of 2016, having slumped 13 per cent last month. "ITV is now a much stronger and more [...]
DMGT boss Martin Morgan to step down after 27 years May 12, 2016 The long-standing boss of Daily Mail and General Trust will step down at the end of this month, after 27 years at the tabloid paper group. Martin Morgan will retire as chief executive, simultaneously stepping down from the DMGT and Euromoney boards, from 31 May. He will leave the company from 30 June, and take on [...]
Sports Direct has extended its Debenhams put option May 12, 2016 Sports Direct International has extended its Debenhams put option by a year – meaning shareholders in Mike Ashley's retailer will continue to be concerned with the fate of the department store, whether they like it or not. Sports Direct entered into the original agreement with Goldman Sachs in 2014. The stake was built up to 16.6 [...]
EDF’s fragmented board to discuss Hinkley later today May 12, 2016 The controversial Hinkley Point C nuclear power plant station is expected to be divisive at the annual meeting of French utility giant EDF later today. It was due to receive the final go-ahead today, but this was recently kicked back to September amid a tussle with unions over whether the company's strained balance sheet can stomach the £18bn [...]