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Uphill task for Green to revive his retail empire despite eleventh-hour rescue deal, analysts warn 13 Jun 5:07pm Uphill task for Green to revive his retail empire despite eleventh-hour rescue deal, analysts warn
Sir Philip Green suggested his Arcadia business had fallen three or four years behind competitors and must now adapt to new trends - but analysts said he has his work cut out.
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Currencies in GBP
EUR 0,90 +0,335%
USD 0,77 +0,784%
CHF 0,78 +0,385%
13 Jun 5:06pm Woodford contagion spreads to third fund: Hargreaves pulls £45m out of Income Focus
When Income Focus launched in 2017 it raised £553m from investors, ploughing 21 per cent of this money into some of the stock market's biggest companies.
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13 Jun 3:10pm We do not know who is to blame for GRG debacle or if FCA could stop a repeat | Nils Pratley
The Guardian
No one has been brought to account over scandal at Royal Bank of Scotland’s turnaround unit The suspense is over. A full six years after Royal Bank of Scotland was accused of gouging thousands of distressed small-business customers, we can finally read the Financial Conduct Authority’s definitive
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13 Jun 2:48pm Arcadia to cut head office jobs after staving off collapse with rescue plan
The Guardian
Retail group to lose 170 office staff on top of 1,000 shopfloor jobs already set to go
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13 Jun 2:30pm Neil Woodford dealt further investment fund blow
The Guardian
Hargreaves Lansdown pulls £45m from remaining open fund Embattled stock-picker
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13 Jun 2:02pm Majestic Wine shares plunge after company suspends dividend
The Guardian
Sale of 200-store chain could slip into 2020, although talks are at ‘advanced stage’ Shares in
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13 Jun 1:01pm Police boats move in on Greenpeace North Sea oil rig protest
The Guardian
Third climate activist charged with disorderly conduct as occupation enters fifth day Another Greenpeace activist who boarded a North Sea oil rig off Inverness has appeared in court charged with disorderly conduct, following appearances by
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13 Jun 12:34pm Oil tanker attacks will inflame conflict between the US, its allies and Iran
The Guardian
The explosions, on a vital passageway for the world’s oil supply, may prove Trump’s policy of coercion has backfired The explosions were bigger and the damage more extensive. But the message and its means of delivery have some similarities. Thursday’s attacks on two oil tankers in the Gulf of Oman caused jitters in global markets and unease across a region that has been bracing for conflict throughout much of the year. As with the
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FTSE CLOSE: Tesco sales nudge up; Majestic plunges to a loss; Amazon tightens binds with Morrisons 13 Jun 12:13pm FTSE CLOSE: Tesco sales nudge up; Majestic plunges to a loss; Amazon tightens binds with Morrisons
The Guardian
The price of a barrel of oil has jumped to $61 on news of explosions hitting two oil tankers off the coast of Iran as traders fear an escalation of tensions in the region.
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13 Jun 12:11pm UK to be left with five coal power stations after latest closure
The Guardian
News comes as National Grid announces greenest winter for energy use after mild weather The UK’s race to increase renewable energy sources has intensified with the announcement of plans to close another coal-fired power station. The news on Thursday came as last winter was revealed to be the greenest yet for the country’s energy system, after strong winds produced more renewable electricity and coal-fired power dwindled.
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13 Jun 12:11pm Updated Gulf of Oman tanker blasts: Crews rescued safely
BBC
The blasts on two ships come a month after four tankers were attacked with mines off the UAE.
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Majestic Wine shares sour as booze seller swings to a loss 13 Jun 11:16am Updated Majestic Wine shares sour as booze seller swings to a loss
BBC
Majestic racked up losses of £8.5million in the last 12 months, compared with profits of more than £8million a year ago. This soured investor sentiment and sent shares down by 8 per cent.
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Marks & Spencer shares in the red as shareholders fail to fully back £600m Ocado deal cash-call 13 Jun 11:14am Updated Marks & Spencer shares in the red as shareholders fail to fully back £600m Ocado deal cash-call
BBC
Just over 85 per cent of the retailer's investors opted to take up a slice of its £600million rights issue, which was launched to fund its joint venture deal with online-based Ocado
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13 Jun 9:20am Mild but windy winter was greenest ever for UK energy use
The Guardian
Warmer weather cut heating demand while gusts boosted renewables, says National Grid Last winter was the greenest ever for the UK’s energy system after strong winds produced more renewable electricity and coal-fired power dwindled. The news came as SSE announced on Thursday that it will close its Fiddler’s Ferry coal-fired power station next year, which will leave the UK with five coal plants by 2020. SSE said the plant, which employs 158 people, was financially unsustainable.
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13 Jun 9:01am Updated FTSE LIVE: Tesco sales nudge up; Majestic plunges to a loss; Amazon tightens binds with Morrisons
The Guardian
The price of a barrel of oil has jumped to $61 on news of explosions hitting two oil tankers off the coast of Iran as traders fear an escalation of tensions in the region.
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13 Jun 8:21am Amazon and Morrisons expand same-day grocery delivery service
The Guardian
Deal puts pressure on rival supermarkets as online giant moves deeper into UK sector
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13 Jun 8:09am RICS: South East suffers biggest house price drops but London picks up
The Guardian
The South East suffered the worst slowdown in property prices in the last three months as London's chill rippled out into the commuter belt, new findings show.
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Peter Pan coins are already fetching twice their face value on eBay 13 Jun 6:27am Peter Pan coins are already fetching twice their face value on eBay
The Guardian
Six 50p coins featuring characters from J.M. Barrie's iconic children's novel went on sale on Tuesday, with thousands waiting in the virtual queue to try and get hold of them.
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Adani mine: Australia approves controversial coal project 13 Jun 4:33am Updated Adani mine: Australia approves controversial coal project
BBC
The huge project in Queensland has been subject to years of environmental hold-ups and protests.
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13 Jun 4:26am Lidl in the middle: chain to open first store in central London
The Guardian
German discount chain to invest £500m in UK capital and create 1,500 new jobs Lidl is to launch its first store in central London as it opens 40 new shops across the capital in the next five years. The German discount chain said it would invest more than £500m in London and create 1,500 jobs at the new stores, at locations including Alperton, East Acton, Hackbridge and Watford. Lidl currently has 88 shops in the capital, out of 760 in the UK.
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13 Jun 4:23am Tesco reports sharp slowdown in underlying sales growth
The Guardian
Supermarket blames political uncertainty and volatile weather for drop in consumer spending Tesco has reported a sharp slowdown in underlying sales growth, as political uncertainty and volatile weather held back consumer spending. Like-for-like sales at Britain’s biggest supermarket chain rose 0.4% year-on-year in its first quarter ended 25 May, down from 1.7% in the previous three months. Total sales fell 0.4%, hit by the firm’s decision to close its non-food arm Tesco Direct last July.
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Telegram boss links cyber attack during HK protests to China 13 Jun 4:20am Telegram boss links cyber attack during HK protests to China
BBC
The messaging service suffered a massive cyber attack during violent protests in Hong Kong on Wednesday.
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Morrisons and Amazon expanding same-day deliveries 13 Jun 4:14am Updated Morrisons and Amazon expanding same-day deliveries
BBC
Morrisons agrees to expand fast delivery service with Amazon to five extra cities.
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13 Jun 3:30am Updated South East suffers biggest house price drops in the country
BBC
The South East suffered the worst slowdown in property prices of any region in the lsat three months, new findings show.
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When unlisted companies are a good bet and how to invest more safely 13 Jun 3:22am When unlisted companies are a good bet and how to invest more safely
BBC
Companies are staying private for longer and fund managers are finding more value than ever before in that market. How can you access the opportunities to be found in the unlisted universe?
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How do self-employed millennials start saving for retirement? 13 Jun 3:21am How do self-employed millennials start saving for retirement?
BBC
Two in three self-employed workers between the ages of 23 and 38 have no pension savings whatsoever, a report has claimed.
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UK is best in Europe for unicorns but the easy money will run out one day 13 Jun 3:20am UK is best in Europe for unicorns but the easy money will run out one day
BBC
The UK has produced more so-called unicorns - companies valued at more than $1billion but not listed on the stock market - than any country in the world other than the US and China.
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13 Jun 3:03am UK housing market gets Brexit delay boost; oil jumps after tanker fire - business live
The Guardian
Rolling coverage of the latest economic and financial news, as surveyors report signs of life in Britain’s property market
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13 Jun 2:00am A Virgin Media salesman persuaded me to switch to a pricier deal
The Guardian
He told me my broadband supplier EE had been taken over by BT, so my contract was null and void
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12 Jun 7:12pm When Pepsi was swapped for Soviet warships
BBC
For some countries bartering has long been a vital part of how they trade overseas.
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12 Jun 7:01pm NAO says 60% of help-to-buy recipients did not need state support
The Guardian
Scheme has proven controversial as housebuilders’ profits have dramatically increased More than half of people using the government’s
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