Shortsellers increase bets against Just Eat amid competition from Uber and Deliveroo April 29, 2019 Hedge funds have ramped up their bets against FTSE 100 giant Just Eat in recent months as they look to cash in on shareholder disruption and a slowdown in growth at the online takeaway player. The food delivery firm, which has been facing investor unrest in recent months as it fights to protect its market share against the [...]
The Week Ahead: March kicks off with the Budget, Aviva, Zoom and Vroom March 1, 2021 March has arrived and City A.M. looks at what the first week of this month has in store. First of all, of course, there is the Budget this Wednesday. It’s the most important week of the year for Chancellor Rishi Sunak as he outlines the outlook for the UK economy over the next few months. He [...]
City Moves for 12 February – who’s switching jobs at CMR Surgical, The Ozone Project and Deloitte? February 11, 2019 Who’s on the move today? CMR Surgical CMR Surgical, the British company developing a next-generation surgical robot, has announced the appointment of Ingeborg Øie as chief financial officer and member of the Board of Directors, effective from 25 February 2019. Ingeborg joins CMR Surgical from Smith & Nephew, the FTSE 100 global medical technology business, [...]
It’s time to go with the flow: The UK needs to accept global economic competition and come out on top November 4, 2018 UK 1-1 Rest of the world. So reads the scoreboard from two recent corporate stories: Dyson’s decision to produce its electric cars in Singapore and Unilever’s to stay put in London. With Brexit beckoning, there is more focus than ever in Britain on its place in the world, and how that can be affected by [...]
Four ways passive investing has altered the markets May 14, 2019 Ever since the first exchange-traded fund (ETF) listed in Europe 19 years ago, passive investing has proved hugely popular. ETFs are traded like stocks, and simply track the big indices like the FTSE 100 or the Dow Jones, as opposed to having a fund manager cherry-pick individual companies for you. And with the lowest annual [...]
Rightmove shares slump despite strong results March 1, 2019 Shares in property website Rightmove fell this morning despite the company reporting an increase in revenue and profits. Rightmove’s share price dipped 5.6 per cent to 455p today as the firm announced its full-year results for 2018. Read more: London house sales drop over political uncertainty The figures Underlying operating profit was up 10 per [...]
Serco turnaround boss Soames joins packaging firm DS Smith board February 13, 2019 Rupert Soames, chief executive of outsourcing giant Serco, has joined packaging firm DS Smith as a non-executive director and member of its board. The news buoyed the FTSE 100 packaging supplier’s shares, as the company expects to benefit from the businessman’s “hands-on experience of the UK plc environment. Read more: Serco wins billion-dollar Australian army [...]
Kingfisher makeover fails to impress March 29, 2019 The Kingfisher makeover has yet to win over investors, with results from the B&Q owner showing why. There are signs of progress within the Kingfisher (LSE:KGF) transformation plan, but the retail environment remains fiercely competitive and will continue to move on as the company tries to put its own house in order. Unfortunately, any benefits [...]
Here are the targets the FTSE 100 has been set to improve the ethnic diversity of UK boards October 12, 2017 All-white FTSE 100 firms will be expected to have become a thing of the past come 2021, according to the final recommendations from a government-backed report into improving diversity of UK businesses. Over half of the FTSE 100 firms do not have any ethnic minorities on their board at all. The Parker Review Committee, headed [...]
Cairn Energy swings to a profit after huge loss last year March 10, 2020 Cairn Energy has posted a 914 per cent increase in pre-tax profit to $119.5m (£92.64m), up from a $1.21bn (£94m) loss over the same period the previous year. Revenue increased from $410.3m (£318m) in 2018 to $533.4m (£413.5m). The FTSE 250-listed company said net oil production averaged 23,000 bopd in 2019, at the upper end [...]