moneymarkets

MARKET REPORT: Peppa Pig maker Entertainment One rebuts rumour its president Mark Gordon is planning to quit By Jon Hopkins For The Daily Mail Published: 21:53 BST, 6 June 2019 | Updated: 21:53 BST, 6 June 2019 Entertainment One shares surged nearly 16 per cent higher after the maker of Peppa Pig refuted a report that … Read more

Rolls-Royce hands a £4.6bn chunk of its pensions scheme to Legal & General By City & Finance Reporter for the Daily Mail Published: 21:51 BST, 6 June 2019 | Updated: 21:51 BST, 6 June 2019 Rolls-Royce has offloaded a £4.6billion chunk of its pension scheme covering 33,000 members to Legal & General, in the biggest … Read more

New Look founder Tom Singh to retire amid major boardroom reshuffle at the fashion chain By City & Finance Reporter for the Daily Mail Published: 21:50 BST, 6 June 2019 | Updated: 21:50 BST, 6 June 2019 Fashion change: New Look founder Tom Singh (pictured here in 2004)  has announced his retirement New Look founder … Read more

Aviva axes 1,800 jobs as it aims to cut costs ahead of the business being broken up By Matt Oliver For The Daily Mail Published: 21:50 BST, 6 June 2019 | Updated: 21:50 BST, 6 June 2019 Aviva’s boss has unveiled plans to axe 1,800 jobs and pave the way for a break-up of the … Read more

FTSE CLOSE: Aviva to axe 1,800 jobs; Ford to close Bridgend plant; Fiat Chrysler walks away from Renault merger Insurance giant Aviva to cut 1,800 jobs in a bid to save £300million   Fiat Chrysler has shelved its ambitions to merge with Renault  Sales at fashion firm Joules rose 17% to £218million in its last full … Read more

Barclays and Royal Bank of Scotland hammered with share of £71m fine by the Swiss watchdog over currency rigging Citigroup,  JPMorgan and MUFG Bank are the other three banks implicated Switzerland’s WEKO said it uncovered ‘several anti-competitive practices’ By Press Association Published: 11:56 BST, 6 June 2019 | Updated: 12:09 BST, 6 June 2019 Barclays … Read more

Arcadia left in limbo as landlords cool on plans to lower rents to keep Philip Green’s business afloat By Hannah Uttley For The Daily Mail Published: 21:50 BST, 5 June 2019 | Updated: 12:04 BST, 6 June 2019 Sir Philip Green was forced to postpone a crucial meeting with landlords to discuss rent reductions for … Read more

Quintessentially British welly and raincoat brand Joules shines in tough retail market with double-digit sales rise Joules said sales jumped 17% to £218million in the 12 months to the end of May  The fashion firm expects profits to come in at the top end of forecasts  Its online sales now account for half of the … Read more

FTSE CLOSE: NSF shelves hostile bid for Provident; Landlords to vote on Topshop rescue deal; Card Factory bemoans tough High Street conditions Vote on Arcadia by shop landlords delayed until June 12 Non-Standard Finance has called off its £1.3billion bid for rival Provident  Card Factory saw sales rise but said conditions on the High Street … Read more

Retail tycoon Mike Ashley tightens his grip on the High Street with £52m grab for Game Digital Mike Ashley’s Sports Direct has made a mandatory bid of 30p a share for Game  The offer values the struggling gaming chain at £51.9million  Sports Direct is already the largest shareholder in Game Digital  By Emily Hardy For … Read more