Your indispensable horse-by-horse guide to the 2015 Investec Derby June 5, 2015 Carbon Dating Hasn’t won in four outings or got closer than 12 lengths to a winner. Finished flat last of 11 behind Gleneagles when priced at 150/1 in the Irish Guineas. He’s 250/1 this time and, to be blunt, has no chance, even if the rain stays away. A nice day out for connections but [...]
Tesco: What assets has it sold off and what’s heading to the checkout as billion-pound South Korea sale considered? June 5, 2015 Streamlining, belt tightening, slimming down: call it what you will, but Tesco assets are making their way through the checkout at a swift pace, as the troubled supermarket attempts to raise funds for its turnaround. The latest item heading for the bagging area after reporting its biggest ever loss, is part of its large and [...]
Merlin Entertainment share price falls after it closes four rides June 5, 2015 Shares in Merlin Entertainments fell 1.2 per cent to 5.5 p in late afternoon trade after it announced the closure of four rides following an accident earlier this week. The theme park owner said today that Saw at Thorpe Park, The Smiler at Alton Towers, as well as Dragon's Fury and Rattlesnake at Chessington World [...]
Morrisons is the only big four grocer “currently on right track”, says Nielsen June 5, 2015 Morrisons waits for good news for months and then three come along at once. The supermarket – which has, until now, been one of the more unloved – has already had one set of figures prove it's the only one of the big four in growth, which in turn prompted a share price rally, [...]
The Premier League will have no sponsor for a season after failing to find £60m backer June 5, 2015 The Premier League will be without a title sponsor for a season after it parts ways with current backer Barclays next year. Read more: Fifa sponsors celebrate Sepp Blatter resignation The competition reportedly wants to be known simply as "The Premier League", replicating the "clean" brand image seen in American sports such as the NFL [...]
Vodafone confirms talks with Liberty global but rules out merger June 5, 2015 Vodafone today confirmed it's in early stage discussions with Liberty Global over a possible asset swap, although it quashed speculation surrounding a potential a merger between the two telecoms giants. The announcement followed media reports that the British telecoms giant had entered into informal talks with the US cable giant. Vodafone's share price fell 2.2 per [...]
Halfords share price rises as revenue exceeds £1bn June 5, 2015 The figures Halfords recorded revenue in excess of £1bn in the year to the end of March thanks to strong sales in both its car and cycle businesses, triggering a two per cent rise in its share price in early trading. Read more: Halfords share price plunges as chief executive Matt Davies poached by Tesco The [...]
Johnson Matthey bottom line lifted by benign UK tax regime June 5, 2015 Sustainable tech firm Johnson Matthey said its annual results were in line with expectations yesterday as falling revenues failed to stop growth at the bottom line. The UK-based company, which is the world’s largest of autocatalysts, reported strong growth in sales of its emission control technologies and processing technologies. However, these gains were offset by weak [...]
Lloyds Banking Group fined £117m for PPI failings by the FCA June 5, 2015 Lloyds has been fined £117m over its handling of Payment Protection Insurance claims – the largest ever handed out by the FCA in relation to PPI. "Whilst our intentions were right, we made mistakes in our handling of some PPI complaints," admitted Lloyds chief Antonio Horta-Osorio. The taxpayer-owned bank was found to have failed in [...]
Odey Asset Management invites rivals to gatecrash Playtech’s takeover of Plus500 June 4, 2015 Plus500’s top shareholder Odey Asset Management yesterday rebuked a £460m deal for the company from Teddy Sagi’s Playtech and said it would welcome offers from rival bidders. Odey, which was founded by hedge fund investor Crispin Odey, has amassed a 25 per cent stake in the troubled spreadbetting company alongside JP Morgan, which owns [...]