Game Digital shares take a hit as profit falls and finance boss quits March 24, 2015 SHARES in Game Digital slumped 5.6 per cent yesterday after the retailer announced a hefty fall in profits and revealed that its finance chief Benedict Smith is to leave. Game, which re-listed on the London Stock Exchange last June two years after falling into administration, said Smith would step down in July to join another [...]
Black box found in French Alps Airbus disaster March 24, 2015 FRENCH rescuers yesterday located the black box flight recorder of the Germanwings Airbus 320 that plummeted to earth in the French Alps en route between Barcelona and Dusseldorf. Germanwings flight 4U9525 was carrying 144 passengers and six crew members, the carrier, a low-cost unit owned by Lufthansa, confirmed. French officials said that there were likely to [...]
Supermarket price war and drops in oil prices drag UK inflation down to zero March 24, 2015 Hard-pressed households gained a reprieve in the past year – prices held flat in the 12 months to February, official figures showed yesterday. Economists now believe deflation is just around the corner, as falling fuel and food prices keep easing the pressure on family budgets. It is the first time inflation has fallen to zero [...]
Eurozone economies pick up just as Asian giants start a slowdown March 24, 2015 Global economic growth showed signs of shifting in March, as influential surveys indicated that the troubled Eurozone is starting to recover, but manufacturing activity falling in China. Even the stagnant French economy racked up a second consecutive month of growth, according to the study from Markit. Its purchasing managers’ index (PMI) recorded a score of [...]
London house prices on the up after six months of flatlining March 24, 2015 London’s house prices are picking up again after stalling since August, official data showed yesterday. The average home in the capital cost £510,000 in January – up 1.6 per cent from £502,000 in December, and back up towards the £514,000 peak seen in August 2014. Nationally, prices rose £1,000 to an average of £273,000. Over [...]
Kiev’s tough finance chief Natalie Jaresko puts her case to the world March 24, 2015 “I am facing very different challenges to those he faces,” says the Ukrainian finance minister hours after meeting George Osborne, the UK chancellor. Natalie Jaresko is in the middle of a whistlestop tour of London and New York, during which she hopes to put her case to her war-torn country’s creditors and also to enlist [...]
Activist investor Elliott wins ally in Alliance fight March 24, 2015 INVESTMENT group Alliance Trust said yesterday it was “surprised” that ShareSoc had backed proposals made earlier this month by activist investor Elliott Advisors. Alliance has been engaged in a row with the hedge fund, its biggest shareholder, over the past few weeks. Elliott has argued that the trust has underperformed its competitors, and has nominated [...]
Morgan Stanley’s finance boss heads to Google to cut the fat March 24, 2015 GOOGLE’S boundary-pushing projects and famed offices – which can include gyms, pools, music rooms and free restaurants – could face an expenses squeeze, with the appointment of its new chief financial officer. Google yesterday said it hired Ruth Porat, chief financial officer at Morgan Stanley, to its top finance role, a move signalling the tech [...]
Tesco faces US lawsuits over profit scandal March 24, 2015 A GROUP of angry shareholders are launching a lawsuit against Tesco and seeking billions of pounds in compensation over last year’s accounting scandal that led to a huge black hole in profits. Tesco has suffered one of the most turbulent years in its history following revelations at the end of last year it overstated profits [...]
HSBC chairman: Tech firms only want your data March 24, 2015 TECHNOLOGY firms offering payment and other finance services are only interested in harvesting your data, not in providing the service itself, HSBC’s chairman Douglas Flint said yesterday. He warned that this raised privacy and data protection worries, with customer information potentially passed around many more firms. “It is clear many people who want to get [...]
