Sports Direct takes another swipe at Debenhams in share buyback April 11, 2019 Sports Direct took a further swipe at Debenhams this morning amid growing speculation that Mike Ashley is mulling legal action to remove the retailer’s current administrators. Read more: Mike Ashley considers legal action against Debenhams In a note to the London Stock Exchange the sportswear group announced a new share buyback programme, which it said was [...]
Pressure on May to resign will ‘increase dramatically’, says David Davis April 11, 2019 Pressure on Prime Minister Theresa May to resign will “increase dramatically” following a Halloween Brexit extension secured last night, David Davis has said. “I think what is likely to happen is the pressure for her to go will go up,” the former Brexit secretary told the BBC’s Today programme. “Whether it will come to anything [...]
European Council president Donald Tusk warns UK ‘not to waste’ Halloween Brexit extension April 11, 2019 European Council president Donald Tusk has warned the UK “not to waste” the extra time to find a way forward with Brexit after the EU agreed to extend Article 50 to Halloween. “Please don’t waste this time,” Tusk told a news conference following eight hours of EU leaders’ talks which culminated in a delay until [...]
EU leaders offer May a Halloween Brexit extension April 11, 2019 EU leaders last night hammered out a proposal to offer Theresa May a Brexit extension until 31 October – Halloween – following a midnight summit in Brussels. European Council president Donald Tusk had favoured a year-long delay, but French President Emmanuel Macron insisted that a shorter extension would put pressure on the UK to finally [...]
Tesco turnaround marks the milestone for Drastic Dave April 10, 2019 In the never-ending debate about executive pay, examples of failure are cited more frequently than cases of good value for money. Recently the likes of WPP, Persimmon and Ted Baker have all demonstrated how the actions of the top boss can dent the fortunes of a company and frustrate shareholders. But despairing investors now have [...]
Sports Direct accuses Debenhams administrators of conflict of interest April 10, 2019 Sports Direct doubled down on its calls for the administration of Debenhams to be reversed this afternoon, as it mulls potential legal action following Mike Ashley’s failed bid to take control of the retail chain. Lawyers from the sportswear retailer said today that the appointment of administrators and the subsequent pre-pack administration only happened because Ashley’s own [...]
Angela Merkel calls for Brexit delay of ‘several months’ April 10, 2019 Angela Merkel has seemingly rejected Theresa May’s call for short delay to Brexit as she talked up an an extension of “several months”. The German chancellor told her country’s lower parliament that she hoped the EU would back a plan that would see the Article 50 process extended beyond 30 June – the date which [...]
The euro falls as ECB chief Draghi delivers pessimistic verdict on Eurozone economy April 10, 2019 The European Central Bank (ECB) kept up recent tradition today when it announced it would hold interest rates at record low levels and reaffirmed that it will not raise them before the end of 2019. Read more: US threatens tariffs on $11bn of EU goods ECB boss Mario Draghi struck a more pessimistic tone than [...]
Tesco doubles dividend as profits surge 30 per cent after turnaround success April 10, 2019 Tesco boosted profits by almost 30 per cent in 2018 as it beat expectations, leading the supermarket to almost double its dividend as its chief executive revealed the supermarket has met the “vast majority” of its turnaround goals since its 2014 accounting scandal. The figures Pre-tax profits rose 28.8 per cent year on year to [...]
10 reasons to sell a share April 10, 2019 | City Talk It’s generally accepted that it is more difficult to sell a share than to buy one. After all, the buying part ties you in to a share of a company. You have identified a share you like, done your research, consider that the current valuation is fair and that the company’s prospects are strong, so [...]