STOCK WATCH: US raiders all set for showdown with Pru chiefs; Cineworld and Finablr in focus By Jamie Nimmo For The Financial Mail On Sunday Published: 22:15 GMT, 29 February 2020 | Updated: 23:05 GMT, 29 February 2020 If bosses at Prudential thought they could easily shake off their new activist stalkers, they should think … Read more
Rent-to-own retailer BrightHouse on brink after surge of mis-selling claims Accountancy firm Grant Thornton is on standby to handle a potential insolvency The collapse of BrightHouse would put 2,400 jobs at risk The firm offers rent-to-own deals on electrical goods to hard-up shoppers By Harriet Dennys For The Mail On Sunday Published: 22:20 GMT, 29 … Read more
Santander boss tells MoS: We have NEVER thought of UK sale Ana Botin contacted The Mail on Sunday to dispel City speculation Botin said she had ‘never considered’ offloading the UK bank It comes after a string of high-profile managers quit By Helen Cahill For Mail On Sunday Published: 22:20 GMT, 29 February 2020 | Updated: … Read more
Owner of Canary Wharf in £1.6bn talks to sell one of Britain’s oldest port companies Brookfield looking to run a ‘strategic review’ of PD Ports PD Ports owns 13 UK shipping terminals, including those at Hull and Felixstowe By Ben Harrington For The Mail On Sunday Published: 22:16 GMT, 29 February 2020 | Updated: 23:10 … Read more
Make BP quit Russia, Lib Dem peer Lord Teverson urges Bank boss Carney Lord Teverson is concerned about BP’s £9.8bn stake in oil and gas giant Rosneft Tensions between Rosneft and US could damage BP’s ability to pay dividends BP dividends are relied upon by major pension funds By Harriet Dennys For The Mail On … Read more
Estate agent Foxtons blames Brexit for lower house sales last year as the tenant fees ban eats into income sending profits down a third Foxtons’ revenues from house sales fell 10% to £32m; lettings down 2% to £65m Adjusted core profit for 2019 fell 32 per cent to £2.5million ‘Early signs’ of improvement so far, … Read more
Record-breaking bra sales give M&S a welcome lift as it captures 37.5% of the market By Daily Mail City & Finance Reporter Published: 21:55 GMT, 26 February 2020 | Updated: 21:55 GMT, 26 February 2020 Marks & Spencer has launched a digital bra-fitting tool to boost sales of its bestselling product. The ailing retailer has … Read more
FTSE CLOSE: Shares rise for first time this week as coronavirus still worries markets; Restaurant Group to shut up to 90 outlets; Diageo warns on earnings By This Is Money Published: 08:10 GMT, 26 February 2020 | Updated: 17:25 GMT, 26 February 2020 The FTSE 100 closed up 24.59 points at 7042.47 and the pound … Read more
Drinks giant Diageo warns it’s on course to take a £200m hit from the coronavirus fallout amid bar and restaurant closures FTSE 100 listed group’s share price fell over 4% in early morning trading Annual profits and sales expected to take a hit from virus fallout, group warns By Jane Denton For Thisismoney Published: 09:27 … Read more
Direct Line to axe 800 jobs as customers increasingly move online By Harry Wise For This Is Money Published: 11:55 GMT, 26 February 2020 | Updated: 12:42 GMT, 26 February 2020 Insurance firm Direct Line has confirmed it is to cut 800 jobs as a response to the growing prevalence of customers interacting with the firm … Read more