moneymarkets

Carpetright shares rocket as biggest investor boosts confidence in the embattled flooring firm by taking on debt pile Meditor has bought Carpetright’s revolving credit facility of £40.7million  The seeming show of confidence sent Carpetright shares up over 10 per cent  By Emily Hardy For This Is Money Published: 11:02 BST, 27 August 2019 | Updated: … Read more

Algy Cluff’s retirement lasts three hours as he launches new Africa-based oil venture with City investor Michael Spencer By City & Finance Reporter for the Daily Mail Published: 21:53 BST, 26 August 2019 | Updated: 21:53 BST, 26 August 2019 When North Sea oil pioneer Algy Cluff said he was standing down from his firm … Read more

STOCK WATCH: Is BT about to cut its dividend? Recruiter Hays set to report amid possible jobs slump while Peppa Pig owner could see counter bid  By Jamie Nimmo For The Mail On Sunday Published: 09:54 BST, 25 August 2019 | Updated: 09:54 BST, 25 August 2019 It’s been the year of the dividend cut … Read more

Majestic Wine shares sour as booze seller swings to a loss amid plans to sell off its 200 UK stores Majestic Wine shares sunk by more than 8 per cent this afternoon to £2.90 The wine giant reported a £8.5m full-year loss, down from £8.3m profit last year  Boss put the loss down to greater … Read more

Sainsbury’s and Asda hike prices across hundreds of products as shoppers pay the cost of failed £14bn merger By Hannah Uttley For The Daily Mail Published: 21:50 GMT, 10 June 2019 | Updated: 11:08 GMT, 11 June 2019 Sainsbury’s and Asda hiked prices across hundreds of products as their £14billion merger was blocked. The grocers … Read more

How DID they let it happen? Now regulators come under fire over crisis engulfing star fund manager Neil Woodward By Matt Oliver For The Daily Mail Published: 21:51 BST, 7 June 2019 | Updated: 10:11 BST, 8 June 2019 The City watchdog is under fire for failing to spot warning signs of the growing crisis … Read more

Glaxo sells brands including Savlon antiseptic cream to Huddersfield firm Thornton & Ross By City & Finance Reporter for the Daily Mail Published: 21:51 BST, 7 June 2019 | Updated: 21:51 BST, 7 June 2019 GSK has sold brands including Savlon GlaxoSmithKline has sold a clutch of brands including antiseptic cream Savlon in a deal … Read more

FTSE CLOSE: Markets rally on hopes of US rate cut; FCA hits banks with clampdown on overdraft fees; Depressed pound edges up as Theresa May steps down The FTSE 100 closed up 1%, or 72 points, at 7,331.94  The FCA has banned banks from charging more for unarranged overdrafts  The pound has edged up a little … Read more

Games Workshop shares march higher after the Warhammer creator hands out £5m in staff bonuses (again) and sales surpass £250m Games Workshop shares jumped 5% on Friday after the firm updated the market It said it has handed out more than £5million in staff bonuses this year The firm said it expects its full-year sales … Read more

Judged by the standards of most tycoons, insurance entrepreneur Sir Peter Wood, founder of Direct Line, Esure and Go Compare, is a laid-back figure. A fit septuagenarian, he likes nothing better than to spend time on the tennis court or playing golf, and loves personally to direct promotional campaigns as he constantly invents and backs … Read more