Mike Ashley will be feeling very clever.
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Thursday 02 February 2012
London breathed a sigh of relief yesterday as the European Commission confirmed the view of EU regulators that the controversial merger of Deutsche Börse and NYSE Euronext, the owner of the New York Stock Exchange, should be blocked.
Thursday 02 February 2012
The short-sellers won't be happy, but there is no stopping Ocado at the moment. One of the most divisive stocks in the Square Mile, the online grocer continued its fantastic start to the year yesterday as yet more short covering helped it up to its highest share price for four months.
Tuesday 20 December 2011
Ocado's shares sank to an all-time low after the online grocer issued a profits warning yesterday, as it continues to struggle with "capacity constraints" at its warehouse in Hertfordshire.
Saturday 17 December 2011
Instead of being scared off by its rivals across the Atlantic ganging up, a multibillion-dollar merger between two of its peers gave Ashtead a boost yesterday. The equipment hire firm climbed 10.2p to 209.6p on the mid-tier index after United Rentals agreed to pay $2bn for RSC Holdings, sparking hopes it could become a takeover target itself.
Monday 12 December 2011
It is fair to say that 2011 has been a year to forget for Carpetright. One of the retailers worst hit by the pressures on the high street, a string of profits warnings has seen the share price of Britain's biggest floor coverings retailer almost halve since January. Judging by comments in the City, it doesn't exactly look as if things are going to get much better when Carpetright announces its interim results tomorrow. Analysts at Singer Capital Markets expect it to "report its worst first-half figures as a listed company", forecasting a pre-tax profit for the period of £1.2m – almost a tenth of what it managed the previous year. The UK will be the culprit, they say, with a 3 per cent drop in like-for-like sales alongside a steep fall in margins after efforts to revive the business.
Thursday 08 December 2011
Luxury handbag maker Mulberry shrugged off the economic gloom today as it trebled its half-year profits on the back of strong sales at home and abroad.
Monday 05 December 2011
While Thomas Cook has been engaged in a struggle for its future, fellow operator TUI Travel has been faring rather better. Its bitter rival may have lost roughly 60 per cent of its share price sinceadmitting last month it needed more cash to survive, but over the same period TUI has managed to advance 10 per cent.
Thursday 17 November 2011
Hours after revealing that they had found two bullets in the grounds of the White House, law enforcement agents in Washington last said that a man whom they believe may have fired them during an incident close to the mansion on Friday had been taken into custody in a small town in western Pennsylvania.
Thursday 25 August 2011
Outlook Three years after the collapse of Lehman Brothers and AIG, regulators still have not found a way to keep track of the opaque derivatives market that paralysed the world's financial system in the wake of those corporate disasters.
Saturday 13 August 2011
After several days of market volatility and fevered speculation about the health of Europe's banks, the need to be seen to be doing something clearly became too urgent to ignore for those governments which have banned the short selling of financial stocks.
Wednesday 15 June 2011
Ceres Power was plunged into further uncertainty just weeks after its shares dropped to all-time lows, as its chief executive quit without warning.
Saturday 12 March 2011
The luxury group Mulberry has raised profit forecasts for the third time in four months as the well heeled, both in the UK and overseas, snapped up its leather goods.
Friday 03 December 2010
The drive for regulation could be motivated by political concerns and risks ignoring the underlying factors that drive commodity prices, according to the chief executive of the London Metal Exchange.
Friday 26 November 2010
Five people, including two former directors and one former trader at the derivatives brokerage Blue Index, have been charged with insider dealing by the Financial Services Authority, the market watchdog.
Thursday 26 August 2010
Outlook The more we learn about the banking crisis, the more crazy what was going on in the months leading up to it appears to be. Take credit derivatives, those weird and wonderful devices that, when linked to subprime mortgages, very effectively spread a worldwide financial 'flu.
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Do you realise just how foolish the UK looks?
- 1 Gun instructor accidentally shot dead by nine-year-old girl with Uzi gun
- 2 Miley Cyrus' homeless MTV VMAs date, Jesse Helt, is wanted by the police
- 5 Homer Simpson has taken the ALS ice bucket challenge because of course he has