moneymarkets

Struggling travel firm Thomas Cook flies into turbulence over the sale its £1.6bn debt pile The value of the firm’s debt dropped to less than two thirds of its original value This implies there are doubts over the firm’s ability to pay them back  Some of its debt has been sold to City investors as company … Read more

The disgraced former boss of Uber stands to make as much as £6.6billion from the taxi app firm’s blockbuster float. Travis Kalanick owns 8.6 per cent of the shares and will be one of the biggest winners in its £76.5billion listing on New York’s stock exchange. Also in the money is fellow founder Garrett Camp, … Read more

Indivior salesmen ‘told to send doctors articles about baby deaths in bid to boost sales of new drug’ By City & Finance Reporter for the Daily Mail Published: 21:50 BST, 11 April 2019 | Updated: 08:59 BST, 12 April 2019 Indivior salesmen were told to send doctors articles about baby deaths to boost sales of … Read more

Sir Philip Green fires gun on Arcadia revamp, installing two restructuring experts to the board By City & Finance Reporter for the Daily Mail Published: 21:51 BST, 11 April 2019 | Updated: 22:03 BST, 11 April 2019 Sir Philip Green has installed two restructuring experts on the board of his Arcadia retail empire Sir Philip Green has … Read more

FTSE CLOSE: Pound at $1.30 as May meets Merkel over Brexit; Debenhams slides into administration; US reveals plan for tariffs on $11bn of EU goods The FTSE 100 closed down 26.32 points at 7425.57  Debenhams crashed into administration after Ashley offer was rejected Cake Box said it expects to serve up a 30 per cent … Read more

The jury in the fraud trial against four Barclays executives has been discharged. John Varley, the bank’s chief executive from 2004 to 2011, and three of his senior staff have been on trial since January over claims they illegally sweetened the deal for Qatari investors. It was alleged that they funnelled £322m in secret payments … Read more