Finding the right partner for your growth July 26, 2015 ESTHER Marlow, finance director of Carmel Clothing, and Gary Edwards, Growth & Acquisition Finance at Investec, discuss why a fast-growth business needs the right funding partner to support its expansion. How did Carmel and Investec come to work together? EM: Carmel Clothing is a UK-based manufacturer that supplies clothes to supermarkets and high street retailers. [...]
Ashes 2015: England’s Stuart Broad pockets £2,500 prize money as player of the match August 8, 2015 England regained the Ashes in spectacular fashion on the third morning of the fourth Test at Trent Bridge, earning a £12,000 bonus in the process. Read more: Broad joy as he destroys Australia’s Ashes hope In just 39 minutes, the hosts took the three second innings wickets they needed to secure an insurmountable 3-1 lead in [...]
Bank of England’s newest MPC member Gertjan Vlieghe flags global risks to UK growth October 13, 2015 The Bank of England's (BoE) newest rate-setter has singled out headwinds from abroad as the biggest threat to the UK economy. Speaking to the Treasury Select Committee, Gertjan Vlieghe told MPs that the BoE's monetary policy committee – which sets interest rates – must factor in global economic developments. "We absolutely have to take into account [...]
Lonmin share price dips as it reveals plans for cash call in the face of debt crunch October 21, 2015 Embattled Lonmin has become the latest miner to ask for cash from its shareholders, as it struggles with an unwieldy debt load taken on at the height of the commodities boom. The South African platinum producer outlined plans for a $400m (£259m) rights issue, which it needs for banks to agree to $370m in debt facilities that will [...]
Global markets on track for worst quarter since 2011 September 30, 2015 The commodity price rout, fresh concerns over the Chinese economy as well as its shock devaluation, and the prospect of the first interest rate rise from the US Fed since 2006 are some of the factors which made this summer a white knuckle ride for investors. Given this, it's hardly surprising that global markets are [...]
Glencore share price: Debt-struck resuorces giant calms investors with £1.6bn cash call September 16, 2015 Glencore’s share price closed 5.2 per cent higher yesterday, after a £1.6bn share placing reassured investors that the debt-struck resources giant could turn around its fortunes. The FTSE 100 commodities trader and miner rallied to 134.7p per share, having plummeted to an all-time low of 118.10p on Tuesday, due to market jitters about Glencore’s unwieldy [...]
Mining giants bounce back to push up FTSE 100 – London Report November 5, 2015 The FTSE 100 ended yesterday’s session slightly higher, boosted by gains in mining companies and Marks and Spencer. The UK’s blue-chip index ended the day 0.46 per cent up at 6,412 points. The day’s biggest riser was Glencore, the embattled mining giant, which has been struggling to reassure investors worried about the size of its [...]
Investec bank profits surge as legacy of financial crisis fades November 20, 2014 Anglo-South African bank Investec reported strong profits for the six months to September yesterday, overcoming a fall in the rand. Impairments fell by more than 20 per cent on the year, and are down to one-fifth of their £320m level seen three years ago, as the bank moves on from the financial crisis. Pre-tax operating profits [...]
Glencore share price history: A timeline of what went wrong from record drops to credit rating outlook fears September 28, 2015 The commodity price rout and concerns over a slowdown in the Chinese economy have helped send Glencore shares around 70 per cent lower this year – making it the worst performer on Britain's FTSE 100. And shares in the embattled commodities miner and trader continued their downwards trajectory today, after a particularly bearish note from [...]
Global markets on track for worst quarter since 2011 September 30, 2015 The commodity price rout, fresh concerns over the Chinese economy followed by its shock devaluation, uncertainty surrounding the Greek bailout deal, the prospect of a September interest rate rise from the Fed were some of the factors that made this summer a white knuckle ride for investors. Federal Reserve's first interest rate rise since 2006. [...]