Lloyds Bank stars as FTSE 100 rockets in Q1 April 9, 2019 By Graeme Evans from interactive investor. After a great first quarter for stock markets, we assess the best and worst blue-chips of 2019 so far. It’s been a storming start to 2019 for the FTSE 100 index, with popular interactive investor stocks including Lloyds Banking Group (LSE:LLOY), Next (LSE:NXT) and Tesco (LSE:TSCO) among those on [...]
European car makers face €7.4bn bill to meet looming EU emissions rules April 3, 2019 The biggest car manufacturers in Europe are careering towards a €7.4bn crash in profits from the cost of meeting the EU’s emissions rules, UBS has warned. Regulations set to come into effect in 2021 will force car firms such as Volkswagen, BMW and Renault to produce no more than 95g of CO2 per kilometre, but [...]
Superdry shares dive after board exodus April 3, 2019 Superdry shares dived in morning trading as investors digested yesterday’s investor vote which saw the return of co-founder Julian Dunkerton and a dramatic board exodus. Shares in the troubled retailer fell 11 per cent to 445p this morning, adding to an eight per cent drop which the company suffered yesterday before markets closed. Read more: [...]
Superdry board in mass resignation as Dunkerton takes the reins April 2, 2019 Superdry suffered a boardroom exodus tonight after the troubled retailer’s co-founder won an audacious bid to reinstall himself onto the firm’s board. In a shock move this evening, Superdry’s entire board – including its chief executive and chairman – revealed plans to step down after Julian Dunkerton won an investor vote which will see him [...]
ASOS and Bonmarche in share price collapse March 25, 2019 By Graeme Evans from interactive investor. Investors in these two high-profile retailers ran for the hills following the latest trading updates. While ASOS (LSE:ASC) and Bonmarche (LSE:BON) operate in two very different retail worlds, the pair have plenty in common from an investor viewpoint after their December profit warnings were followed by more disappointment last [...]
UBS fined £27.6m by City watchdog for transaction reporting failures March 19, 2019 UBS has been fined £27.59m by the City watchdog for misreporting 135.8m transactions. The Swiss investment bank failed to provide complete and accurate information in relation to 86.6m reportable transactions, and also wrongly reported 49.1m transactions over a period of nine years and six months, the Financial Conduct Authority (FCA) said. Read more: Former graduate [...]
Two analyst downgrades take big chunk out of Rio Tinto shares as iron prices set to drop March 7, 2019 Rio Tinto weighed on the London exchange today after the miner was hit by two analyst downgrades in two days, wiping around £4bn off its market value. Shares dropped around 7.6 per cent in the mid afternoon to 4,137p as Societe Generale advised investors to sell their shares in the iron miner. Read more: Iron ore [...]
Fedex creates Segway-inspired delivery robot with Pizza Hut and Walmart February 28, 2019 Fedex has unveiled a pizza delivery robot that will hit the streets this summer. Read more: What’s on your tech radar for 2019? Pizza Hut and Walmart are both on board, with trials set to begin soon in cities across the US, including in Fedex’s hometown of Memphis. The autonomous bot, which is powered by an [...]
Citigroup closes in on £1.2bn purchase of Canary Wharf headquarters February 17, 2019 Citigroup is in talks to buy its Canary Wharf headquarters for a reported £1.2bn in a major show of confidence in London’s status as a global financial centre. Citi is looking to secure the purchase of the 25 Canada Square skyscraper, which it currently leases, from owner AGC Equity Partners in a bid to double [...]
Dentsu Aegis names Euan Jarvie as new chief executive amid leadership overhaul February 11, 2019 Advertising agency Dentsu Aegis has appointed Euan Jarvie as its new chief executive in a bid to shake up its leadership team and focus on the UK market. Jarvie will take on the role as UK and Ireland boss with immediate effect, following a stint as the firm’s president of global clients. Read more: Dentsu [...]