Markets Articles | This is Money

Markets Articles | This is Money

25/05/2018 10:01 PM
Firms that use cryptocurrencies probed by government
The 24 companies face inquiries by the Financial Conduct Authority into whether they traded without the proper authorisation. The FCA is also looking into whistleblower complaints.

25/05/2018 09:44 PM
MARKET REPORT: Shares in Dunelm crash after bosses profit warning
The company warned that full-year profit would fall below the £109.3 million in 2017 after ‘unexpectedly challenging’ conditions in the fourth quarter. The warning wiped more than £139 million off its value.

25/05/2018 09:36 PM
Sainsbury’s vows to put squeeze on large suppliers
MPs had raised concerns that smaller suppliers could be squeezed by the merger which has seen Sainsbury’s and Asda vow to slash prices on everyday goods by up to 10 per cent.

25/05/2018 09:35 PM
 Australians sell Homebase for £1
In a humiliating retreat from the UK, Wesfarmers flogged the home improvement chain to turnaround specialist Hilco, which already owns HMV.

25/05/2018 08:53 PM
BIG SHOT OF THE WEEK: Santander's Ana Botin
The £9m-a-year executive chairman knows her way around a balance sheet almost as well as she does the golf links. Twice a junior champion, to this day she maintains an impressive eight handicap.

25/05/2018 08:53 PM
Balfour Beatty becomes latest firm to receive bloody nose over fat cat pay
Nearly 14 per cent of votes cast at the builder’s AGM were against bumper pay packets handed out last year. Boss Leo Quinn was paid £5.3m, nearly 300 per cent more than 2016 due to £2m in incentives.

25/05/2018 08:52 PM
SSE becomes latest energy supplier to haemorrhage customers in face of tougher competition
Britain’s second biggest power firm lost 430,000 household customers, or 6 per cent, taking the total down to 6.8 million, in the year to March 31. It was also hit by costs related to merger plans with Npower.

25/05/2018 04:21 PM
FTSE CLOSE: Shares on the up after North Korea olive branch
The FTSE 100 closed up 13.54 points at 7730.28 as we head into the bank holiday weekend. Investors bought the Trump inspired dip in markets after North Korea offered an olive branch.

25/05/2018 04:16 PM
FIRED: City banker who lead extremist anti-immigration group
Tom Dupre, 23, has been dismissed by Standard Chartered over potential damage to its reputation. His role with Generation Identity was flagged up by campaigners Hope not Hate.

25/05/2018 11:47 AM
Ladbrokes owner GVC sees sales fall after extreme cold snap
Ladbrokes owner GVC’s sales took a hit from the Beast from the East during the first quarter as horse racing meetings were cancelled across the country

25/05/2018 10:42 AM
'Big six' energy firm SSE sees profits tumble 39%
Energy giant SSE’s profits slumped almost 40% as it lost 430,000 customers last year

25/05/2018 09:31 AM
DAILY BRIEFING: Deutsche Bank tanks as investors vent their anger at plans to slash 7,000 jobs
Shares in Deutsche Bank have tanked as investors vented their anger at plans to slash 7,000 jobs. The cuts are widely seen as evidence Deutsche is abandoning its ambitions to rival Wall Street.

24/05/2018 08:51 PM
MARKET REPORT: Diamond hunter Petra pleads for £133m as shares crash 20%
The diamond miner wants to issue 332.8m shares at 40p each, a 47 per cent discount to Wednesday’s closing price, to balance the books.

24/05/2018 08:51 PM
Green pays £25m to his wife for a loan used to fund the takeover of collapsed department store BHS
Taveta Investments, which is the holding company for Green's Arcadia Group, made £20m in offshore payments to Lady Green in the year to August 26, plus a further £5m in interest.

24/05/2018 08:51 PM
How on earth has BT chief earned a £1 million pay rise?
The amount the 50-year-old took home leapt 72 per cent higher in the last financial year, including an annual bonus of £1.3m and pension contributions of nearly £300,000.

24/05/2018 08:50 PM
Now Netflix overtakes Disney to become the biggest media firm in America
In a symbolic moment, the Silicon Valley firm overtook its Hollywood rival as investors continued to buy its stock. It comes as a major showdown between the two looms.

24/05/2018 08:50 PM
IN THE MONEY: Boohoo Finance director Neil Catto, 51, was paid £2.9m last year
The finance director of online fashion retailer Boohoo was paid £2.9m last year – almost twice as much as the sum received by the two chief executives combined.

24/05/2018 04:42 PM
FTSE LIVE: Deutsche Bank to slash 7,000 jobs
The FTSE 100 closed down 71.70 points at 7716.74 and the pound rebounded to $1.34 against the dollar.

24/05/2018 11:33 AM
Barclays board row over £61bn mega-merger with Standard Chartered 
Former Stanchart banker McFarlane is said to have pushed for informal talks over a tie-up, which would be the largest deal between British lenders since the financial crisis.

24/05/2018 10:14 AM
TalkTalk suffers £73m loss but claims turnaround will see growth
The loss, to 31 March 2018, compared to a £70million profit last year. Investors were also told they'd see the dividend cut by 61 per cent.

24/05/2018 09:01 AM
B&Q hit by the Beast from the East as sales plunge
Sales at DIY retailer B&Q were hit by the Beast from the East in the first three months of the year after it was forced to close stores in the face of extreme weather.

24/05/2018 12:48 AM
Revolt of the Sainsbury's shelf stackers: Bosses accused of greed
Employees have accused the supermarket of forcing them to ‘sign or resign’ contracts that will see paid breaks scrapped, extra pay for working Sundays cut and night shift overtime rates slashed.

23/05/2018 09:17 PM
Bovis Homes hit by shareholder revolt over pay
Some 37.6 per cent of shareholders voted against the company’s remuneration report. The rebellion was triggered by the decision to bump up the bonus paid to finance director Earl Sibley.

23/05/2018 09:16 PM
Topshop is the latest High Street store to sink into the red
The tycoon’s fashion chain, which includes Topman, suffered a £10.9m loss for the 12 months to August 26, compared to a £59.4m profit the previous year.

23/05/2018 09:13 PM
M&S fightback starts here: Chairman lays bare catalogue of failings
M&S has vowed to win back customers after months of brutal cuts and a fundamental overhaul of the business combined with plunging profits and a sales slump.

23/05/2018 08:51 PM
MARKET REPORT: Britvic fizzes 8% even as profits lose their sparkle
The owner of Tango and Robinsons juices reported a 16.5 per cent fall in pre-tax profit to £41.8million in the 28 weeks to April 15, partly down to closing its Norwich factory.

23/05/2018 08:51 PM
Chinese get taste for Cathedral City  cheddar (but only if it's mild)
Dairy Crest will place 14.2m shares on the market, worth around £70m to fund a £85m expansion of its factory in Cornwall, boosting production from 54,000 tons a year to 77,000 tons.

23/05/2018 08:51 PM
Universal Studios owner Comcast makes a £45bn cash bid for 21st Century Fox
That deal includes Fox’s film and television studios, sports networks, National Geographic, Star India and its stakes in streaming service Hulu and British broadcaster Sky.

23/05/2018 08:50 PM
ON THE BOARD: Hilton Food appoints Robert Watson as its new Executive chairman
He will be replaced as chief executive by operating chief Philip Heffer. Watson has been Hilton’s boss since 2002 and was awarded an OBE for services to the meat industry in 2000.

23/05/2018 08:50 PM
At least ten dead after police fire at protesters calling for closure of Indian copper plant
Demonstrations turned violent on Tuesday around Vedanta Resources’ Sterlite copper smelting plant in Tuticorin, India, with officials claiming police were forced to act to protect life and property.

23/05/2018 08:50 PM
DAILY BRIEFING: Online currency market is driven by investors' mood, study finds
The notoriously unstable online currency market is driven by investors' mood rather than any real economic factors, says a study by Warwick Business School.

23/05/2018 04:18 PM
FTSE LIVE: UK shares slide back from record high
The FTSE 100 closed down 89.01 points at 7788.44, falling back after two consecutive record closes. Investors appear to be cashing in on the sharp rises to bank some profits.

23/05/2018 11:42 AM
Rumours of merger between Barclays and Standard Chartered slapped down
The unnamed sources throw cold water on a report by the Financial Times suggesting the pair of financial giants were on their way to signing a deal.

23/05/2018 08:16 AM
Zoopla and PrimeLocation owner enjoys 33% profit boost
ZPG's burgeoning profits came as the group gears up to be purchased by US private equity firm Silver Lake Management in a £2.2billion takeover deal.

23/05/2018 08:04 AM
Primark to become biggest clothes retailer in Britain
Figures from analysts at Global Data suggest M&S’s market share by the end of 2018 will be 7.6 per cent, while Primark’s will be 7 per cent.

23/05/2018 06:42 AM
FTSE 100 index sets new record as it marches towards landmark 8,000 level
The FTSE 100 ended the day 18.3 points or 0.23 per cent higher at 7877.5 after breaching 7,800 for the first time yesterday..

22/05/2018 11:26 PM
2220 people a day opened an account with Nationwide last year 
Joe Garner, chief exec, of Britain’s biggest building society, said more than 40 per cent of new accounts opened in the year to April were set up by customers who physically visited branches.

22/05/2018 10:52 PM
DAILY BRIEFING: Waitrose boosted as people stocked up on champagne for the royal wedding
Sales at John Lewis fell 6.3 per cent last week as shoppers stayed outside, but its Waitrose chain saw a 3.3 per cent boost as people stocked up on champagne for the royal wedding.

22/05/2018 10:52 PM
Bloomsbury posts bumper sales as its illustrated Harry Potter books fly off the shelves
The British publisher said revenues rose more than 13 per cent to £161.5m in the year to the end of February. Profits jumped 9.8 per cent to £13.2m.

22/05/2018 10:51 PM
MARKET REPORT: Pets at Home is bitten by rising staff costs
A dearth of qualified vets in the UK means it has been forced to scale back the rollout of lucrative new veterinary practices from 40 this year to between 20 and 25.

22/05/2018 10:05 PM
Why the first woman to run New York stock market took culinary leave
Stacey Cunningham, 43, will take over from current president Thomas Farley later this week. She is being promoted from chief operating officer and has worked at the Wall Street institution for decades.

22/05/2018 09:45 PM
Private equity sharks circle Costa Coffee
Costa’s owner, Whitbread, which plans to split the chain off from the group and list it as a separate entity, has been approached informally over a potential buyout.

22/05/2018 09:44 PM
Why Chinese gangsters have Peppa Pig tattoos: Kids' TV favourite becomes an unlikely cult symbol
Peppa has legions of devoted fans in the country but she has been hijacked by teenagers, who have created subversive drawings showing her smoking and behaving like a gangster.

22/05/2018 04:18 PM
FTSE LIVE: Shares push on to another record high
The FTSE 100 reached a new record high today, closing 18.28 points higher at 7,877.45. The index also hit a new all-time trading high of 7,903.50 earlier in the session.

22/05/2018 11:28 AM
Pets at Home profits take a hit after it cut prices
Pre-tax profits at the UK's biggest pets retailers fell 12.3 per cent to £84.5million in the year to the end of March.

22/05/2018 10:23 AM
Halfords warns profits unlikely to grow this year
The group, which sells bikes and car parts, said pre-tax profits fell 6 per cent to £67.1million in the year to the end of March after incurring £25million in additional costs.

22/05/2018 10:23 AM
Nationwide profits fall as its mortgage lending drops by a third
The mutual said mortgage lending fell by 34 per cent to £5.8billion in the year to 4 April, from £8.8billion the previous financial year.