Smith & Nephew is today’s biggest FTSE 100 faller on reports of $3bn US deal February 11, 2019 Smith & Nephew was the biggest faller on the FTSE 100 this morning with shares down more than four per cent on reports it is in talks to buy US spine technology Nuvasive in a $3bn (£2.32bn) deal. Shares fell 4.39 per cent to 1,448p today, having closed on Friday at 1,515p. The Financial Times [...]
UK economic growth falls to six-year low February 11, 2019 UK economic growth slowed to just 0.2 per cent in the fourth quarter of 2018, new data released today by the Office for National Statistics showed. Quarterly gross domestic product (GDP) growth slowed after a strong third quarter where it grew 0.6 per cent. Annual domestic GDP growth for 2018 was 1.4 per cent, the lowest it [...]
Chancellor needs to find extra billions to end austerity February 11, 2019 The chancellor Philip Hammond will have to find billions of pounds to prop up public spending to deliver on promises of ending austerity. According to a report from think tank the Institute of Fiscal Studies (IFS), over the four years from 2019-20 to 2023-24, Hammond would need to find a further £2.2bn to avoid cuts [...]
Concerns of ‘overboarding’ spark shareholder backlash against Compass non-exec February 8, 2019 A non-executive at FTSE 100 food company the Compass Group sparked a shareholder backlash at its annual general meeting today over concerns she holds too many roles. Twenty two per cent of the votes cast on whether Ireena Vittal should be re-elected to the company’s board went against her. Read more: Compass shares near all-time high [...]
Jewish Labour MP Luciana Berger faces no confidence vote as antisemitism row drags on February 8, 2019 Jewish Labour MP Luciana Berger is facing a no confidence vote by Labour members in her Liverpool Wavertree constituency amid an ongoing row about antisemitism with the party. Berger has been a prominent campaigner against anti-semitism and has been a magnet for online abuse and threats, to the extent she was given a bodyguard to [...]
Freshfields partner accused of slapping DJ in argument over music February 8, 2019 A senior partner at Magic Circle law firm Freshfields Bruckhaus Deringer has been accused of slapping a DJ in an argument at a cocktail party. Herve Pisani, the managing partner of Freshfields Paris office, was accused of the assault by the unnamed DJ after a party for the firm’s partners in September last year. According [...]
Tata Motors’ share price tanks on Jaguar Land Rover losses February 8, 2019 The share price of Indian conglomerate Tata Motors fell 17 per cent today after it posted the biggest-ever quarterly loss in Indian corporate history of about £3.1bn. The loss was triggered by falling Chinese demand for Jaguar Land Rover’s (JLR) cars, the main source of Tata Motors’ revenue. Tata said JLR would post an operating [...]
Satirical website the Daily Mash sold in £1.2m deal February 8, 2019 Satirical news website the Daily Mash has been sold in a £1.2m deal. The website, which also has a TV offshoot the Mash Report on BBC2, is being taken over by Digitalbox. Digitalbox is a media business that is scheduled to flotation Aim on 28 February through the reverse takeover of an Aim shell called [...]
Law firm DWF aims to raise £75m in pre-Brexit March float February 8, 2019 Law firm DWF said it is targeting a March listing on the London Stock Exchange, with plans to raise £75m. That would make its listing the largest undertaken by a law firm so far, outstripping Knights which raised £50m in June. The firm said it expects to announce the final offer price following its marketing [...]
SSE issues profit warning as it examines options for energy services business following Npower merger failure February 8, 2019 Big Six energy company SSE today cut its earnings forecast for the year, blaming a European court decision suspending state aid for the UK’s energy capacity market. The company said the court’s decision had the effect of removing the EU Commission’s state aid approval of the GB capacity market and introducing a “standstill period” until [...]
