Ofgem’s price cap on prepayment meters will save Brits £80 per year February 7, 2017 Britain's energy regulator has announced a price cap that could save more than 4m households around £80 per year. Ofgem's temporary cap on prepayment meters is one of the results of the Competition and Markets Authority (CMA)'s two-year investigation of the energy market. The levels of the cap vary for electricity and gas, by meter type and region, [...]
Vodafone shares lose momentum: Analysts reflect on Indian and UK concerns February 2, 2017 Pricing pressure in both Europe and India continued to weigh on Vodafone, after the telecoms giant revealed its third quarter trading today. Organic group service revenue grew by 1.7 per cent during the third quarter to December, a touch ahead of market consensus expectations of 1.6 per cent. Shares initially fell nearly three per cent [...]
How Trump’s presidency might affect your investments February 1, 2017 While Donald Trump’s presidency is not the only factor that could affect investments in 2017, it is potentially a major one. Trump’s plans to boost employment, rebuild infrastructure and bring businesses back to the US could have massive repercussions, both positive and negative, for global trade and growth. His policies have already had an effect. [...]
How Trump’s presidency might affect your investments February 1, 2017 While Donald Trump’s presidency is not the only factor that could affect investments in 2017, it is potentially a major one. Trump’s plans to boost employment, rebuild infrastructure and bring businesses back to the US could have massive repercussions, both positive and negative, for global trade and growth. His policies have already had an [...]
Competition watchdog could stop Tesco-Booker mega deal, claims retail body January 29, 2017 The Competition and Markets Authority (CMA) could stop Tesco's proposed £3.7bn takeover of Budgens and Londis owner Booker, according to a retail body that represents 33,500 local shops. "The CMA could either stop or put conditions on the deal," James Lowman, chief executive of the Association of Convenience Stores told City A.M. "The deal was a [...]
Tescooker? Everything you need to know about Tesco eating Booker January 27, 2017 The UK's largest supermarket, Tesco, announced this morning that it will merge with wholesaler and convenience store supplier Booker Group. Share pries for both companies flew, with Tesco finishing the day nine per cent higher, at 206.3p, while Booker rose 16 per cent to 212.3p – above Tesco's offer price. Here's everything you need to know about the [...]
As Tesco embarks on £3.7bn merger with wholesaler Booker Group, will other UK supermarkets follow suit? January 27, 2017 Tesco’s £3.7bn proposed merger with Booker, the UK’s largest food wholesaler, represents a change of commercial strategy for the supermarket giant. Following the firm’s decision to retract from some parts of their international operations, including the South Korean and Turkish arms of the business, this merger is another indication that Tesco is more comfortable operating [...]
Tesco unveils £3.7bn merger with Budgens and Londis owner Booker January 27, 2017 Supermarket Tesco has reached a deal to merge with wholesaler Booker, owner of Budgens and Londis, with both firms stating an ambition to create the UK's leading food company. The groups will combine in a share and cash deal worth £3.7bn, after discussing a combination for almost a year. They said today that there are [...]
Here’s what analysts are saying about the Tesco-Booker merger January 27, 2017 Tesco's share price has jumped seven per cent at the open after announcing a £3.7bn merger with wholesaler Booker Group. Booker Group's share price jumped 14 per cent. Read more: French Connection boss signals two non-executive directors will step down Analysts are calling the merger between the two food giant a "game changer". However, the [...]
CMC’s shares fall further as spreadbetter awaits regulatory uncertainty January 26, 2017 CMC Markets’ shares fell three per cent this morning after the company said it was difficult to anticipate how much of an impact regulatory changes will have on the business. The spreadbetting giant made clear last month that it will consider moving its headquarters out of London if the Financial Conduct Authority (FCA) pushes ahead [...]