CBOE Holdings to buy BATS Global Markets for $3.2bn September 26, 2016 CBOE Holdings is to buy BATS Global Markets for $3.2bn (£2.5bn).. CBOE (Chicago Board Options Exchange) will pay around $32.50 per share for the stock exchange operator. The deal will consist of 31 per cent cash and 69 per cent CBOE stock, based on CBOE Holdings' closing stock price of $70.30 per share on 23 September, 2016. Shares in [...]
Northern Line Night Tube to launch on Friday 18 November – reports September 26, 2016 The Northern Line Night Tube is reportedly set to launch on Friday 18 November. A BBC journalist tweeted that Tube staff have been informed of the start date. NEW: Tube staff have been told Northern line night tube will start Friday 18th November. Nothing official yet. — Tom Edwards (@BBCTomEdwards) September 26, 2016 However, a [...]
Deutsche Bank’s share price sank to a record low today on bailout concerns September 26, 2016 Shares in Deutsche Bank have dropped by over six per cent in today's trading, to a record low of €10.67, and analysts have warned that the bank could even descend "into the realms of penny stocks". The stock's dramatic dip – to its lowest level since 1992, according to Bloomberg – may have been prompted by a recent [...]
Aldi grows sales to record high but operating profit takes a hit as discount supermarket unveils plans for store upgrades September 26, 2016 Discount supermarket Aldi has announced plans for a £300m overhaul of its UK stores as it reported record sales for the year to 31 December 2015. The figures Sales in the UK and Ireland rose to £7.7bn from £6.9bn, a year-on-year increase of 12 per cent, and twice what the company reported three years ago. Operating [...]
Financial Conduct Authority (FCA) suffers major IT incident leaving several of its systems down September 23, 2016 The Financial Conduct Authority (FCA) said today that it had been affected by a "major IT incident". The watchdog said a number of systems were down because of the tech problems. The FCA said it was working with suppliers to restore services and would publish more information as soon as it becomes available. The regulator [...]
Court orders disgraced former Societe Generale trader Jerome Kerviel to pay €1m in damages September 23, 2016 A French appeals court on Friday ordered former Societe Generale trader Jerome Kerviel pay €1m (£866,000) in damages to the bank following losses he made that totalled €4.9bn. Kerviel was initially ordered to repay the whole sum, but subsequent rulings had struck down that decision. In June, a public prosecutor said the bank "had left the door open" [...]
London mayor Sadiq Khan writes to Uber and other private hire drivers setting out his commitment to the industry September 23, 2016 London mayor Sadiq Khan has written to tech firm Uber in response to its email campaign about the future of the capital's taxi and private hire industry. Transport for London (TfL) plans to introduce new rgulations for the sector including a requirement that private hire vehicles have "hire and reward" insurance in place for the duration of the licence, [...]
There’s been a shake-up at Sports Direct – so who’s who at the top of the discount retailer now? September 23, 2016 Sports Direct's senior management team has been given a serious overhaul, with this morning's announcement that chief executive Dave Forsey has resigned – to be replaced by the group's founder, Mike Ashley. As well as Forsey's departure, which took place with immediate effect, the retailer announced two senior promotions this morning. Karen Byers has been appointed [...]
Co-operative Group posts increased revenue but profit dips in first half of the year September 23, 2016 The Co-operative Group reported an increase in revenue but decline in profits for the 26 weeks to 2 July this morning. The figures Revenue was up 2.2 per cent on a like-for-like basis to £4.7bn from £4.6bn in the same period of last year. Operating profit dropped to £72m from £95m, while pre-tax profit was down to £17m from [...]
Southern rail workers to take 14 days of strike action from next month September 22, 2016 Southern rail workers are to take 14 days of strike action in five blocks from next month as the dispute over role of guards continues, the RMT union said today. The union said workers will take industrial action because of Southern's "continued insistence on removing critical safety trained guards from trains". RMT said its members [...]
