AA mulls all-cash offer from former rivals Towerbrook and Warburg Pincus September 24, 2020 The AA is today in talks about a possible all-cash offer from a consortium made up of private equity firms Towerbrook Capital Partners and Warburg Pincus. Shares are up three per cent on the news. The roadside recovery service also confirmed talks with Centerbridge Partners Europe and Platinum Equity Advisors had broken down, as was mooted [...]
Pets at Home’s the pick of the litter as it lifts full-year profit expectations September 24, 2020 Pet retailer and vet service provider Pets at Home this morning said it expects full-year underlying profit to be ahead of current market expectations. Pets At Home shares surged 15 per cent to 351p on the news. The FTSE-listed pet supplies shop updated investors with the good news after assessing trading for the first eight [...]
Harry and Meghan sign content deal with streaming giant Netflix September 3, 2020 Prince Harry and wife Meghan have inked an exclusive multi-year production deal with Netflix, a major step in their plan to earn income after leaving their role as working royals. The couple will produce films and series ranging from children’s shows to scripted content, the streaming platform said last night. Harry and Meghan moved stateside with their [...]
Computacenter shares at a record after tech retailer rides working-from-home wave September 2, 2020 Shares in office technology retailer Computacenter surged more than 14 per cent today after a bullish statement on its most-recent trading. The rise in Computacenter shares, up 14.88 per cent to 2,316p per share, followed a surprise trading update which cemented the retailer as one of the few winners from lockdown. Even better for Computacenter [...]
New Zealand stock exchange targeted by hacker in fourth day of cyber attacks August 28, 2020 New Zealand’s stock exchange, the NZX, has resumed trading, after outages for four consecutive days in the wake of cyber attacks this week. It’s prompted the government to activate national security systems to support the bourse. The NZX halted trading for around three hours on Friday, after crashing due to network connectivity issues, marking the [...]
Rio Tinto boss has bonus slashed by millions after mining giant destroys Aboriginal caves August 24, 2020 The boss of FTSE miner Rio Tinto will have his bonus reduced by £2.7m after the company destroyed sacred caves in Australia. Chief executive Jean-Sebastien Jacques and two other executives will take the financial hit after the company destroyed two caves in Western Australia – against the wishes of Aboriginal traditional owners – as part [...]
Coronavirus: Gucci owner scraps ad campaigns and store openings in China February 12, 2020 Luxury giant Kering, which owns fashion houses Gucci and Balenciaga, has said the coronavirus outbreak in China will hit sales trends and tourism flows in one of its major markets. The company has halted new store openings and ad campaigns in response to the deadly epidemic. in China which has seen cities go into lockdown [...]
Ofcom’s powers expanded to include social media regulation February 11, 2020 Broadcasting watchdog Ofcom is expected to be handed the responsibility of regulating internet platforms tomorrow, as the government publishes its response to a public consultation on online safety measures. Digital media and culture secretary Nicky Morgan will announce Ofcom’s expanded role tomorrow morning, which will see the watchdog hold tech companies to account over the [...]
Man shot dead by armed police in Streatham, South London February 2, 2020 A man has been shot dead by armed officers in Streatham in South London, following an incident that police described as terror-related. The Metropolitan Police said a number of people had been stabbed in Streatham, and later confirmed that the man who had been shot at around 2pm was dead. The Met said there that [...]
Emirates profit sinks to a 10-year low as jet fuel bill takes off May 9, 2019 Gulf carrier Emirates has reported its lowest profit in 10 years, blaming a stronger US dollar and sky-high fuel costs. The full-service airline said its net profit fell 69 per cent fell to 871m dirhams (£182m) in the year to 31 March. Read more: Thomas Cook shares leap following Lufthansa bid for airline business The number [...]