Comparison site founder scraps £90m share sale March 25, 2015 MONEYSUPERMARKET’S shares tanked yesterday after its founder announced he was selling a £90m stake in the firm – and then cancelled his plan just hours later. Simon Nixon owns 16.5 per cent of the online price comparison website, and on Tuesday night said he wanted to sell 35m shares – amounting to a 6.4 per [...]
Greek claim to cash rejected by Euro officials March 25, 2015 THE GREEK government left a meeting of Eurozone officials empty handed yesterday after hoping to secure €1.2bn (£880m) partly to alleviate its cash problems. Greece claims it had overpaid when the fund it used for bank recapitalisation was returned to the main fund that the Eurozone used collectively for emergencies. However, a spokesman for finance [...]
Parties promise no tax hikes on eve of crunch election campaign March 25, 2015 PRIME Minister David Cameron pledged not to raise VAT if he is re-elected in May, during a heated exchange between the PM and Ed Miliband during Prime Minister’s Questions (PMQs) yesterday. In a further twist later in the day, Labour’s Ed Balls vowed that his party would not raise national insurance contributions (NICs) if they [...]
MPs grill Sports Direct chairman over collapse of retail chain USC March 25, 2015 MPS ACCUSED Sport Direct of running “a backstreet outfit” yesterday after chairman Keith Hellawell admitted the retailer had withheld a payment from Diesel to force it to keep supplying USC. The Scottish affairs committee, led by chairman Ian Davidson, grilled Hellawell for two hours over the collapse of the retail chain after it was put [...]
Borse Dubai to sell stake in UK stock exchange March 25, 2015 THE LONDON Stock Exchange’s biggest shareholder is selling its entire stake in the company. Borse Dubai, the holding company for both of Dubai’s stock exchanges, is giving up its 17.4 per cent holding in the London exchange, in an accelerated book building process that will raise around £1.5bn. The company first reduced its stake in [...]
Investors left reeling as Monitise stakes its future on going it alone March 25, 2015 TROUBLED tech firm Monitise pulled down its for sale sign yesterday as its founder Alastair Lukies resigned as joint chief executive of the embattled company. The announcement sent shares in the company tumbling almost 28 per cent, heaping misery on investors who have seen the share price fall from a high of 80p a little [...]
Rate hike might be delayed until 2016, warns leading Fed official March 25, 2015 THE US Federal Reserve should not hike interest rates until 2016, one of its officials said yesterday. “I think economic conditions are likely to evolve in such a way that it will be appropriate to hold off on raising short-term rates until 2016,” Charles Evans – a member of the committee that decides policy – [...]
Driving into the future without a driver March 25, 2015 DRIVERLESS cars are set to create 320,000 jobs in the UK by 2030, according to the Society for Motor Manufacturers and Traders and consultants KPMG. The vehicles are also expected to provide a £51bn boost to the economy, as well as saving up to 2,500 lives.
Germanwings flight 4U9525 plane crash poses more airline safety questions March 25, 2015 The crash of Germanwings flight 9525 and the loss of 150 passengers and crew on Tuesday has put aviation safety under renewed scrutiny. Despite robust figures showing rising safety standards in the aviation industry – 2014 was the safest year on record so far, according to the International Air Transport Association – such tragedies spark [...]
London Capital Group churns 75pc of staff and moves Charles-Henri Sabet to CEO role as losses deepen March 25, 2015 Troubled trading firm London Capital Group replaced 75 per cent of its staff last year, and yesterday announced its executive chairman Charles-Henri Sabet has been appointed as chief executive. The firm made a statutory pre-tax loss of £7.8m for 2014, more than twice the £3.7m loss made in 2013. Its revenues from continuing operations fell [...]
