After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
AO World shares lose their power after £2.2m loss June 2, 2015 AO World’s shares were dealt a further blow yesterday, after the online electricals retailer revealed a £2.2m loss for its first year as a listed company. The Bolton-based company’s shares have fallen by 70 per cent since its £1.2bn market debut 15 months ago, when it was valued at almost 72 times its projected earnings. [...]
Joy for shoppers as prices drop for the 25th consecutive month June 2, 2015 UK shop prices dropped by 1.9 per cent in May compared with the same month last year, according to figures released today by the British Retail Consortium. This is the same rate of decline seen in April and marks over two years of shop price deflation. The overall figure was helped by food prices, which fell [...]
Rangers’ finances “more positive” but club must increase season ticket sales and focus on youth June 2, 2015 Rangers' miserable 6-1 reversal to Motherwell on Sunday means the Glasgow giants have failed to win promotion for first time since the new Rangers company re-started life in the third division in 2012, and will play outside of the Scottish Premier League for at least another season. Read more: Four things you need to know from [...]
Rangers’ finances “more positive” but club must increase season ticket sales and focus on youth June 2, 2015 Rangers' miserable 6-1 reversal to Motherwell on Sunday means the Glasgow giants have failed to win promotion for first time since the new Rangers company re-started life in the third division in 2012, and will be kept out of the Scottish Premier League for at least another season. Read more: Four things you need to know [...]
Morrisons the only “big four” supermarket in growth June 2, 2015 Is this a case of too little too late or the beginning of a turnaround? Morrisons was the only one of the “big four” supermarkets to grow over the last 12 weeks, according to latest figures by Kantar Worldpanel. The supermarket, which this week faces demotion from the FSTE 100, managed a sluggish 0.1 [...]
AO World share price crushed as retailer misses expectations with £2.2m annual loss June 2, 2015 The figures Online retailer AO World missed expectations in its first full year as a listed company, sending its share price down by more than six per cent. The online home appliance retailer delivered an annual loss of £2.2m, despite growing revenue by 23.8 per cent to £476.7m, from £384.9m last year. Read more: AO World [...]
Lloyds share sale sparks Treasury rift as George Osborne ignores warning on value for money June 1, 2015 The Treasury is in disagreement with its own advisers over the sale of shares in Lloyds Bank, as George Osborne seeks to fulfil his General Election pledge to sell a large chunk directly to retail investors. The sale could prove popular, but would also mean selling the shares at a discount – reducing the profit [...]
British American Tobacco in €550m Croatian deal to buy TDR from Adris Grupa June 1, 2015 British American Tobacco (BAT) is set to extend its reach into the Balkans after the cigarette giant agreed to purchase TDR from Croatia’s Adris Grupa yesterday for €550m (£394m). BAT, which last year had a global market share of 12 per cent in tobacco products, said it will benefit from TDR’s strong brand presence in [...]
CVC makes bid for Douglas as float put on ice June 1, 2015 CVC CAPITAL Partners has struck a deal with Advent International to acquire German perfume retailer Douglas. The move comes just days after the German retailer announced plans for an initial public offering (IPO) which, had it gone ahead, could have seen the firm valued at €2.8bn (£2bn). As well as negotiating the deal with Advent [...]
Energy stocks drag FTSE as oil price stays low – London Report June 1, 2015 OIL AND gas led the FTSE down yesterday, while disappointing domestic economic data pointed to a weak manufacturing outlook. Energy stocks shaved more than 10 points off the blue-chip FTSE 100 index, with crude oil prices weak on expectations that the Organisation of Petroleum Exporting Countries’ (Opec) production would remain high, pointing to the potential for [...]