Manchester United share price rise could see the club generate more revenue than four season’s worth of player sales July 31, 2014 The Glazer family is set to sell 5% of Manchester United. In news that will delight the suits in the boardrooms of Old Trafford and be met with indifference in the stands, it was announced yesterday that the American owners of the Premier League club could raise up to $150m (£88.7m) by the sale [...]
Banco Espirito Santo’s share price plummets after €3.6bn loss July 31, 2014 It isn't getting any better for Banco Espirito Santo. With former owners arrested and doubts remaining about the ability of the bank's parent company to support Espirito's debts, shares have taken something of a buffeting in the last month. Today it all got worse as the market's reacted with fury to news that Espirito Santo [...]
Putin’s judo partner Arkady Rotenberg among Russians hit by EU sanctions July 31, 2014 Among those Russians hit by the EU's latest round of sanctions are President Vladimir Putin's judo partner Arkady Rotenberg, who is already on a US sanctions list. The European Commission has published the names of eight Russians and three companies that will have their assets frozen as a consequence of Kremlin's actions in eastern Ukraine. [...]
British Gas profits down as Centrica hit by UK warmer weather and US polar vortex July 31, 2014 Pre-tax profits at British Gas owner Centrica fell 40 per cent in the first half of the year as British Gas felt the effects of warmer weather in the UK. British Gas operating profit dropped 26 per cent as gas consumption fell 24 per cent and electricity use dropped nine per cent. Customer numbers at the [...]
Drinkers who offend will be forced to wear alcohol bracelets in four London boroughs July 31, 2014 Offenders found guilty of alcohol related offences could be compelled to wear a bracelet that monitors their alcohol consumption, under a new scheme being tested in four London boroughs. The plans, which emanate from the London Mayor Boris Johnson, could see offenders wearing the tags for up to four months at a time, with 150 [...]
Shell share price jumps as firm pledges to reward investors after profits double July 31, 2014 Royal Dutch Shell will buy back over $30bn (£17.7bn) of shares and dividends. The Anglo-Dutch oil company made the promise after it was announced that it had doubled second quarter profits. Shell’s $5.1bn second quarter earnings, as measured on a current cost of supplies basis, beat analysts’ expectations and marked a 33 per [...]
Tesla lands $200m Panasonic investment in Gigafactory deal July 31, 2014 Japan's Panasonic is set to invest over $200m in American electric carmaker Tesla Motors' lithium-ion battery plant in the US, according to a person familiar with the matter. Panasonic had signed a preliminary agreement to be involved in the project back in May. In a joint statement the companies said Tesla would be responsible for [...]
Balfour Beatty and Carillion share prices tumble as £3bn merger talks called off July 31, 2014 Construction firm Balfour Beatty saw its share price tumble six per cent this morning after revealing its £3bn merger talks with Carillion were over. Carillion also took a hit as shares fell five per cent. Balfour Beatty said discussions over a potential merger, news of which emerged last week, had been terminated over a disagreement [...]
Argentina defaults after failing to reach agreement by debt deadline July 31, 2014 Argentina has defaulted on its debt after failing to reach an agreement with creditors by midnight in New York. The default is the second in the last 13 years for the South American country and comes after a protracted wrangle with much mud slinging and little face-to-face negotiation. In what has become the Argentine rhetoric, [...]
City bidding for driverless cars as £10m plan gets under way July 30, 2014 Driverless cars could be weaving their way through the City’s streets in just six months, the government revealed yesterday. In an announcement that came as a surprise to one of the biggest car manufacturers in the UK, ministers unveiled a £10m plan to allow three cities the chance to test-run cars that drive themselves. Bids [...]