Ebola suit maker Lakeland Industries needs to raise $11.2m to keep up with demand October 24, 2014 Lakeland Industries, the New York-based company which manufactures protective suits used by those treating Ebola patients, has announced plans to raise $11.2m (£7m). The company said it will raise the cash through a private placement of common stock, at $10 per share, with the proceeds going towards paying off its debts and "supporting the increased [...]
More banana drama as Chiquita rejects Brazilian offer to make way for Fyffes tie-up October 24, 2014 Chiquita has finally told a pair of Brazilian companies their takeover just isn't a-peeling enough for it to give up on its Fyffes bid. The US banana company rejected the all-cash offer for $14.50 a share by juice maker Grupo Cutrale and investment firm Safra Group, saying it would rather focus on a mooted merger [...]
Pets at Home share price rises as sales rise 4.2 per cent October 24, 2014 A scratch behind the ears and a doggy biscuit for newly-listed Pets at Home, which today reported a 4.2 per cent rise in first-half sales, pushing its shares up almost three per cent in mid-morning trading. The company, which listed in March, said total group revenues rose 10.2 per cent to £381.5m in the six [...]
UK GDP growth slows to 0.7 per cent October 24, 2014 The UK's GDP growth fell to 0.7 per cent in the third quarter of 2014, figures released by the Office for National Statistics this morning showed. The figure is slightly down from the second quarter's 0.9 per cent, although slower growth had been expected. The construction sector led the charge, with growth of 0.8 per [...]
Quiz: How well do you know your Tesco catastrophes? October 23, 2014 Has Tesco hit rock-bottom? The supermarket's chairman, Sir Richard Broadbent, announced his departure this morning on the back of first-half results showing the profit "overestimation" it had originally thought £250m, but £263m. The news sent Tesco shares down by a surprisingly muted 5.6 per cent in early afternoon trading, although analysts didn't mince their words when [...]
Quiz: How well do you know your Tesco catastrophes? October 23, 2014 Has Tesco hit rock-bottom? The supermarket's chairman, Sir Richard Broadbent, announced his departure this morning on the back of first-half results showing the profit "overestimation" it had originally thought £250m, but £263m. But this isn't the first time Tesco has come off the rails. How well do you know your Tesco catastrophes? Test yourself below. [...]
Mortgage approvals fall again in September as cooling measures take effect October 23, 2014 The number of mortgages approved by banks fell 10 per cent in September compared with a year ago, figures published by the British Bankers' Association showed. The fall came after "cooling measures" introduced by the Bank of England, which make prospective borrowers undergo "stress tests" to figure out whether they can afford a loan, came [...]
Foxtons share price plummets as it issues profit warning on cooling London house prices October 23, 2014 What a difference a year makes. Just over a year after its massively oversubscribed IPO, shares in Foxtons have plummeted more than 16 per cent after it issued a profit warning saying "constrained" growth in London's housing market is likely to hit volumes in its second half. The upmarket estate agent, known for its trendy, [...]
Johnson & Johnson to start human testing on Ebola vaccine October 22, 2014 US PHARMA giant Johnson & Johnson announced today that it would begin human trials of its Ebola vaccine in January. The company said it would spend $200m (£124m) on speeding up its research programme, and begin testing in America, Africa and Europe early next year. The vaccine combines a formula from one of its subsidiaries, [...]
UK banks in the clear after European stress tests? October 22, 2014 The European Banking Authority (EBA) is due to publish the results of its stress test on European banks on Sunday, but ahead of the official announcement a Spanish news agency has reported that 11 of the 123 banks tested have failed. Although the report, by Spanish wire EFE, did not name any of the banks [...]
