FTSE 100 on track to hit gender target July 1, 2019 FTSE 100 firms are on track to achieve the target of 33 per cent of board positions going to women by 2020, however, 14 companies in the FTSE 350 still only have one or no women on the board. Figures published today show that 32.1 per cent of FTSE 100 board positions are held by [...]
Neil Woodford cuts stake in AI firm as suspension deadline approaches June 30, 2019 Neil Woodford cut his stake in artificial intelligence firm Sensyne Health as the deadline approached for the suspension of his flagship fund to be formally reviewed. The former star trader has been offloading assets to rebalance his Equity Income fund, which was suspended last month following a spike in withdrawals. Read more: Woodford trust cuts [...]
Creditors prepare to vote on Monsoon Accessorize rescue plan June 30, 2019 Creditors will decide the fate of Monsoon Accessorize this week as they vote on the company’s rescue plan, which includes proposals to slash rents at more than half of its leased stores. Last month the retailer launched a company voluntary arrangement (CVA), which outlined plans to cut rent at 135 of Monsoon and Accessorize’s 258 [...]
Hedge funds step up bets against retail landlord New River June 30, 2019 Hedge funds are betting against New River as concerns rise that it could be the latest retail landlord hurt by the industry’s struggles. The short position in the company has increased to 7.35 per cent compared to 5.41 per cent on 1 July last year, according to disclosed positions published by Shorttracker. Read more: New [...]
French Connection extends sale deadline June 28, 2019 French Connection has extended the deadline to complete a sale as the retailer confirmed it was in talks with a number of interested parties. The fashion brand had expected to close the deal in the first half of this year but has now pushed the date back to September. Read more: Sales fall again at [...]
Supermarkets prepare for bumper weekend during UK heatwave June 28, 2019 Supermarkets are preparing for bumper sales this weekend as shoppers stock up on rose wine, sun cream and barbecue food, with temperatures expected to soar during a UK heatwave. Londoners could bask in temperatures of up to 32 degrees tomorrow following a soggy start to the summer. Read more: Cold weather dampens May retail sales [...]
Housebuilders boosted by Boris Johnson no-deal Brexit budget June 28, 2019 Housebuilders were among the biggest risers in the FTSE 100 this morning after Boris Johnson, the front runner to be the next prime minister, said he would slash stamp duty and tax in the event of a no-deal Brexit. Berkeley Group shares were up 3.16 per cent today followed by Persimmon, which rose 2.63 per [...]
London Capital & Finance investors could be entitled to compensation June 28, 2019 London Capital & Finance (LCF) investors could be entitled to compensation following the collapse of the mini-bond lender. The company went into administration in January owing £236m to more than 11,000 investors who were unable to claim compensation as issuing mini-bonds is not a regulated activity. Read more: Police arrest fifth man in London Capital [...]
Woodford trust cuts debt to calm investors June 28, 2019 Woodford Patient Capital Trust has revealed plans to cut debt and strengthen its board to reassure investors following a drop in the listed trust’s share price. The trust shares holdings with Neil Woodford’s suspended equity income fund and has been hit by concerns that it could be impacted by forced selling of assets. Read more: [...]
UK consumer confidence slumps in June June 28, 2019 UK consumer confidence slumped again this month as the public took a negative view of their personal finances and the economy. The overall index score for consumer confidence dropped by three points to -13 for fourth time this year in June. The score was down four places year-on-year. Read more: UK consumer confidence holds up [...]
