All change on the FTSE: Morrisons joins the FTSE 250 and Worldpay moves up into the FTSE 100 December 21, 2015 Worldpay's share price rose, though not by much, on its first day of trading on the FTSE 100. Shares were up 0.97 per cent to 300.9p. The payments processor was bumped up in the quarterly review just a couple of months after floating in one of the most successful IPOs of 2015, claiming a market capitalisation of £5.28bn after its [...]
Want Christmas to last all year? You could buy a house on Holly Street for £194,465 December 21, 2015 If you want your Christmas spirit to last all year, try investing in a property on Christmas Lane or Holly Street – they'll be more affordable, and closer to the shops than the North Pole. Fewer pesky reindeer grazing outside, too. Data from Knight Frank has revealed the most popular festive street names include Holly, while the most [...]
Has your train been delayed? Consumer group Which? calls for an investigation into how train operators refund passengers for delayed services December 21, 2015 If you are reading this on your phone on the train, and even if you aren't, the chances are you’ve not only suffered from service delays but also struggled to get a refund from the train companies. Consumer group Which? today launched a super-complaint asking the government’s office of road and rail to investigate how rail [...]
Shire Pharmaceuticals offers more cash in a bid to woo rival Baxalta December 20, 2015 Pharmaceutical giant Shire has not given up hope in its proposed takeover of US drug firm Baxalta. The Irish company could increase the cash element of its bid in order to move things along with its rival, which has resisted Shire’s overtures since the summer. The £8bn cash booster, which was first reported in the Sunday [...]
Morrisons prepares for first day of trading on FTSE 250 along with G4S, while Worldpay gets ready for the blue chip index December 20, 2015 Tomorrow will be Morrisons’ first day trading on the FTSE 250, after being demoted from the blue-chip index in the last quarterly review. Security firm G4S and engineering firm Meggitt, will also have their first day of trading on the FTSE 250. It will be a happier day for Worldpay, which will join the FTSE [...]
Lonmin is the most shorted company in Europe as its shares fall 99 per cent in the face of ongoing commodities rout December 17, 2015 It is not a prize many companies want to win: Lonmin is the most ‘shorted’ businesses in Europe in 2015 according to Markit data. The embattled miner has seen its share price drop 99 per cent this year, as it struggles with a mounting debt pile, and falling platinum prices, and in April, 9.6 per cent of [...]
Volkswagen latest: European Parliament to investigate regulators’ failure in the diesel emissions scandal and VW chief executive Matthias Muller announces a management change December 17, 2015 The European Parliament will set up a committee to investigate whether the European Commission and member states could have done more to prevent Volkswagen cheating emissions tests. The 45 member committee will investigate alleged failures by the Commission and individual states to enforce the explicit ban on ‘defeat devices,' and the lack of “effective” testing, [...]
Purplebricks, the Neil Woodford-backed online estate agents, starts trading on AIM and sees share price fall December 17, 2015 Purplebricks, the online estate agents backed by superstar investor Neil Woodford, has started trading on London's junior market under the ticker PURP.L. Shares are currently trading down on the AIM market, at 96.5p, down six per cent from an opening price of 104.5p. The 240m ordinary shares were placed at 100p each, with proceeds of £25m and giving the [...]
IPO markets set for a strong start to 2016, after Worldpay’s floatation boosts fourth quarter market activity December 17, 2015 The year has ended on a high for initial public offerings (IPO), thanks in part to Worldpay’s success recently on the London Stock Exchange, and the pipeline looks positive for 2016, according to EY research. After a record-breaking 2014, 2015 has been something of a disappointment, especially the third quarter, which EY said was subdued following [...]
London house prices to reach £931,000 by 2025, more than double the UK average December 17, 2015 Just when you thought the housing market couldn’t get hotter: the average London house price is set to reach £931,000 by 2025. UK house prices are set to rise by 50 per cent, while rents will increase by more than 25 per cent by 2025, according to the Association of Residential Letting Agents (ARLA) and National [...]
