Your complete guide to personal finance and investing with news, predictions, advice, guides and opinion from the financial website of the year. Shares in the epicentre bitcoin took a hammering after it was hit by a string of contract delays in its two key businesses. It plunged as much as 50 per cent in early trading before finishing down 34.
7 per cent, or 43. Carclo said it had experienced an unexpected delay in the awarding of two large tooling and automation contracts in its plastics division. The builder, which traces its roots back more than 100 years, went into compulsory liquidation at around 7am yesterday in one of the UK’s largest corporate collapses. 20 early last year and is up 2 per cent so far in 2018. 7bn approach from Melrose last week. Shares hit a high last night.
Online sales were up 24. 7 per cent, compared to 6. 2 per cent in the stores. Those customers who came through the doors, snapped up discount homeware and clothes. The group has been in talks with its biggest shareholder, Japanese noodle maker Nissin Foods, amid mounting pressures for the group to reduce its debt burden. Kheraj replaces Ray King who will stay at Rothesay as a non-executive director.
Cambridge-educated Kheraj began his career as a dealmaker at Wall Street investment bank Salomon Brothers. 315 firms found that 41 per cent believe leaving the bloc will be good for the economy over the next five years, versus 40 per cent who think it will be damaging. But the ardent Catholic has been denied a seat in the Lords. The hike in payments means one of its sales and marketing arms, Apple UK Ltd, has seen its total bill soar by 260 per cent. Tax officials at HMRC combed through the company’s accounts for 2011 to 2015.
KPMG is becoming the firm of auditors with nine lives. It escaped virtually unscathed from its audit of HBOS and was given a mere whack across the wrists for its audit of the Co-op Bank. Australians gamble more per head than any other nationality in the world and the possible sale of its division in the country overshadowed a bullish trading update. Since its collapse in 2016, BHS has focused on selling its wares online after its online and international businesses were bought by the Qatari Al Mana Group.
The float would happen at the same time as the Japanese tech giant makes its public debut in Tokyo. Softbank is planning to sell 30 per cent of shares keeping a 70 per cent stake. Investing for a low inflation world has paid off handsomely in recent years, as defensive shares with a reliable dividend have seen their prices rise substantially. But is it time for a different course of action? Better opportunities lie elsewhere believes Schroders’ James Sym. 700m sale surfaced last week. Struggling British engineer GKN could find itself at the centre of a bidding war as American buyout giant Carlyle weighs up a counter bid.
Online supermarket Ocado is preparing to introduce a robot to help warehouse workers pick and pack food for deliveries. The Wolverhampton-based company had been employed by the government to work on 450 projects including the building and maintenance of hospitals, prisons and defence sites. The last annual results marked the eighth consecutive year of 20 per cent profit growth for the Mortgage Advice Bureau . Where is the roar of protest from big City investors against the monstrous payout housebuilding firm Persimmon is handing to its boss, Jeff Fairburn? 800 million of shareholders’ money going into the pockets of senior managers – is stupendous by any yardstick.