China trade war? No worries May 23, 2019 | Sponsored Mike Kerley, fund manager for Henderson Far East Income, gives update on the fund’s portfolio activity and why the US-China trade war poses little threat to the fund.
Metro Bank shares fall back as investors push for board changes after AGM revolt May 23, 2019 Metro Bank shares have fallen back sharply after two days of gains as investors continue to call for changes to the board following a major loans blunder. Shares had surged 10 per cent this morning as the bank’s stock continued to recover following its annual meeting earlier this week, before falling back sharply to trade [...]
Regulator Ofgem won’t extend ban on energy supplier Solarplicity May 23, 2019 Ofgem today said Solarplicity had “significantly improved” since being hit by a customer ban in February, but warned it could be hit with more enforcement action if it fails to take further steps. A ban on the energy supplier taking on new customers ran out yesterday, but Solarplicity has now agreed to a self-imposed ban until [...]
Police give all-clear after Whitehall lockdown to investigate ‘suspect item’ May 23, 2019 Police closed off Whitehall earlier this afternoon to investigate a “suspect item”. Road closures were in place around the centre of government after the Metropolitan Police got to the scene at 12.01pm. Read more: May U-turns on publishing Brexit Bill “Specialist officers are now in attendance”, the Met said shortly after midday, confirming that the [...]
Investment platform AJ Bell dismisses Brexit concerns in maiden results May 23, 2019 Investment platform AJ Bell dismissed Brexit concerns as it posted soaring revenue and profits in its maiden results as a public company. Chief executive Andy Bell, who founded the business in 1995, said he was “bored” of updates that blamed Brexit uncertainty for poor results, as the business reported a 17 per cent year-on-year increase [...]
Deutsche Bank prepared for ‘tough cutbacks’ to investment bank as shares reach fresh all-time lows May 23, 2019 Deutsche Bank chief executive Christian Sewing has told shareholders the German lender was prepared to make “tough cutbacks” at its investment banking division. The bank’s shares plunged to fresh all-time lows ahead of this morning’s annual meeting as shareholder discontent mounted following the collapse of merger talks with Commerzbank. Read more: Deutsche Bank slashes revenue [...]
Horse Racing Betting Tips: Stoute set for yet Moore Brigadier Gerard success with Regal Reality May 23, 2019 THERE are very few high quality evening meetings in British horseracing, but today’s Matchbook London’s Night At The Races at Sandown Park is the obvious exception. With two Group Three contests, a couple of Listed heats and a pair of competitive handicaps, as well as loads of entertainment, there is no excuse to miss out [...]
Tate and Lyle shares drop as it looks to year of flat earnings growth May 23, 2019 Shares sank at Tate and Lyle this morning as the company said it expects earnings per share to remain flat or grow slowly in this financial year. The figures The company said today that a £43m charge on the sale of the division helped push down profits by 16 per cent to £240m in the [...]
The Body Shop owner Natura buys beauty brand Avon for £1.6bn May 23, 2019 Natura & Co, the Brazilian owner of the Body Shop, has bought direct-selling beauty brand Avon for $2bn (£1.6bn). A new Brazilian holding company, Natura Holding, has been established as part of the deal and the combined group is expected to have annual gross revenues of more than $10bn with more than 200m customers globally. Read [...]
Thomas Cook share price drops after agencies cut credit rating May 23, 2019 Thomas Cook's share price has nosedived by nearly six per cent after two agencies downgraded the troubled travel agency into the lowest credit category. Fitch and S&P Global both slashed the firm's rating to a CCC+, meaning they both doubted the group's ability to pay its debt if the sale of its airline did not go [...]