Dave King claims a victory in Rangers war with Sports Direct owner Mike Ashley March 3, 2015 South African businessman Dave King yesterday claimed he had recorded a “landslide victory” in his bid to wrest control of Rangers’ boardroom. Rangers has been the subject of an ongoing tug-of-war between former club director King and Sports Direct owner Mike Ashley. King – who owns 14.5 per cent of Rangers’ shares – has called [...]
Suki seals it for Burberry with a Kiss March 3, 2015 Model and actress Suki Waterhouse has stripped to nothing but the trademark Burberry scarf for yesterday’s launch a new beauty campaign for Burberry Kisses, a range of lipsticks created by the British fashion house. She is joined by George Le Page – the drummer for British band Of Empires.
Morrisons boss goes down for insider trading March 3, 2015 THE FORMER group treasurer and head of tax at Morrisons has been sentenced to one year in prison for insider trading. The case, which brought by the Financial Conduct Authority (FCA), charged Paul Coyle with two counts of insider trading. Coyle was suspended from Morrisons back in January. Coyle pleaded guilty to both counts and [...]
Aldermore to be valued at up to £660m as bank covers book March 3, 2015 CHALLENGER bank Aldermore is set to debut on the stock market next week with a valuation of between £600m and £660m, City A.M. understands. The lender tried to list late last year but had to pull the initial public offering when choppy markets hit investor confidence. But buyers are understood to be flooding into the lower-priced offering [...]
Spot the white ball of Summer March 3, 2015 The Premier League has started using white ball for the rest of the season. Nike’s white Ordem 2 ball returned for last night’s mid-week matches such as this encounter between Southampton and Crystal Palace at St Mary’s Stadium, which the Saints won 1-0.
Forex probe costs hurt Barclays results as bank reports loss of £174 March 3, 2015 Mounting forex probe costs and an extra PPI compensation bill helped to push Barclays into the red in 2014, as the bank yesterday said its restructuring programme is ahead of schedule. Barclays reported an attributable loss of £174m for the year, compared with a £530m profit in 2013. Much of the damage came from [...]
Ukraine hikes rate to 30pc after inflation soars and currency falls March 3, 2015 Ukraine’s central bank will today raise its benchmark refinancing rate to 30 per cent from 19.5 per cent, the head of the central bank said, seeking to rein in rocketing inflation and stem persistent currency weakness. The Ukrainian hryvnia has halved in value so far in 2015 after shedding 50 per cent last year. Last [...]
HSBC bosses to face more MPs for another interrogation on tax March 3, 2015 HSBC’S chief executive and its former private banking boss will answer questions in parliament on Monday over the group’s Swiss private bank. The Public Accounts Committee, headed by Margaret Hodge MP, has summoned chief exec Stuart Gulliver and ex-global private bank boss Chris Meares, as well as HSBC non-executive director and BBC boss Rona Fairhead. It [...]
Merlin Entertainments owners offload £650m in company March 3, 2015 LEGOLAND owner Merlin Entertainments saw shares slump yesterday after its private equity backers sold over £650m of stock. Buyout firms Blackstone and CVC Capital Partners, which co-owned the company as majority shareholders until it floated the group in 2013, offloaded another chunk of stock worth £653m. Deutsche Bank placed about 156m shares with investors at [...]
Barclays: When one-off costs keep coming – Bottom Line March 3, 2015 Investors want to know the exact profit of the firms they own, but they also want the long-term outlook. That is why banks publish their statutory earnings, and their underlying numbers. The difference can be huge – hundreds of millions or even billions of pounds per year. But how far can investors rely on those [...]
