This investment clock says what assets to buy and when March 11, 2019 By Tom Bailey from interactive investor. It’s inevitable that the unremitting global economic cycle will impact stock markets, but when? The economist Paul Samuelson once joked that the stock market has predicted nine of the past seven recessions. But while the over-reactive nature of equity market investors and their poor predictive powers ring true, there [...]
What’s Mike Ashley’s game with Debenhams? March 8, 2019 Mike Ashley is consistent in the way he always manages to surprise us. On Thursday night in a post-market RNS the Sports Direct boss announced he was planning a boardroom cull at Debenhams, installing himself as chief executive officer. Only the recently appointed Rachel Osborne would survive the cull. On Tuesday, after Debs warned on [...]
Lawyer apologises for Carlos Ghosn’s bail ‘disguise’ March 8, 2019 Carlos Ghosn’s lawyer has apologised for his “amateur plan” to disguise the car industry titan as a manual labourer on his release from prison yesterday. The former Nissan boss, was identified within moments of leaving a Tokyo jail on Wednesday despite wearing a facemask, overalls, yellow reflective braces and a cap. Japanese media mocked the [...]
Ousted Nissan chairman Carlos Ghosn released on bail from Japanese prison March 6, 2019 Former Nissan chairman Carlos Ghosn has finally been released from a Japanese detention centre after paying one of the highest bail charges ever in the country of 1bn yen (£6.85m). The ousted boss has served more than three months in prison over accusations of financial misconduct, but his release will give him more time to [...]
Ousted Nissan chairman Ghosn on brink of release after posting £6.85m bail March 6, 2019 Former chairman of Nissan Carlos Ghosn has paid one of the highest bail charges ever in Japan of 1bn yen (£6.85m), according to Tokyo District Court, meaning he is on the verge of being released on Wednesday. The ousted boss has served more than three months in prison over accusations of financial misconduct, but his [...]
Superdry to cut jobs at head office amid £50m cost-cutting plan March 5, 2019 Under-pressure fashion group Superdry has confirmed today that it is to slash jobs at its head office as part of a major cost-cutting plan. More than 100 jobs are facing the axe, predominantly at the firm’s headquarters in Cheltenham, in the wake of the company's announcement late last year that it is looking to save [...]
Counter terror police investigating explosive devices at Waterloo Station, Heathrow Airport and City Airport March 5, 2019 Counter terrorism police are investigating after explosive devices were found at Waterloo Station, Heathrow Airport and City Airport today. The Met Police counter terrorism command said it was treating the incidents as linked. Packages containing what police said were “small improvised explosive devices” arrived at the three locations this morning. The packages were A4-sized white [...]
Direct Line operating profits slip as it warns on impact of no-deal Brexit March 5, 2019 Direct Line posted a fall in full-year earnings this morning, with the blue-chip insurer striking a cautious tone over threats of a "disruptive Brexit". In outgoing boss Paul Geddes’ final annual results statement for Britain's largest motor insurer, operating profits dipped during the 12 months and the total dividend payout was slashed. "The increased focus on [...]
Carlos Ghosn granted bail by Japanese court March 5, 2019 Former Nissan chairman Carlos Ghosn has been granted bail by a Tokyo court after serving more than three months in prison over accusations of financial misconduct. In a surprise overnight decision, a Japanese district court has set bail for the ousted boss at 1bn yen (£6.8m). The news comes in the wake of two previous [...]
Liam Fox refuses to rule out chlorinated chicken as part of UK-US trade deal March 3, 2019 International trade secretary Liam Fox yesterday defended the outlines of the UK’s potential trade deal with the US, insisting that Britain would not accept anything that was against the interests of consumers. Fox played down the safety concerns over chlorine-washed chicken and hormone-induced beef. The EU currently limits US exports of both products but the [...]