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....Ryanair has written to 400,000 passengers to tell them that their flight has been cancelled after it admitted to a “mess-up” on pilot rostering that left 18 million ticket holders wondering if their holiday plans would be ruined. In a hastily arranged press conference in Dublin on Monday afternoon amid a passenger revolt and a slump in the company’s share price, the normally combative chief executive Michael O’Leary apologised “unreservedly” for “a mess of our own making”. ... [Read full article on Guardian ]
Monday 18th of September 2017 06:38:58 PM
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....5m in the three months to 27 August. The company’s share price slid 1. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 08:22:50 AM
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....HTC, which once sold one in 10 smartphones globally, has seen its market share dwindle sharply in the face of heated competition from Apple, Samsung and Chinese rivals. Its share price has also suffered steep declines over the past couple of years. ... [Read full article on Guardian ]
Thursday 21st of September 2017 04:05:42 AM
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.... “The changes we are seeing in the UK energy sector are unprecedented and we have an opportunity to thrive while doing the right thing for the UK energy market,” he said. The company’s share price was down by 0. ... [Read full article on Guardian ]
Thursday 21st of September 2017 02:08:17 PM
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....Of the 4,500 comments on Ryanair’s Facebook page on Monday morning, the most popular was: “Publish all cancelled flights now for the next six weeks so we can make alternative arrangements and stop treating your customers like idiots. ” Ryanair’s share price fell significantly – by about 3% – on Monday morning, knocking about £500m off its stock market valuation. ... [Read full article on Guardian ]
Monday 18th of September 2017 12:35:49 PM
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. Ryanair has promised to publish details on Tuesday of all the flights it plans to cancel over the next six weeks following a passenger revolt, a slump in its share price and an expected compensation bill of £30m. ... [Read full article on Guardian ]
Monday 18th of September 2017 02:23:23 PM
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.... In July, it issued a profit warning, blaming a Brexit-related slowdown in orders, scrapped its dividend and said Richard Howson was stepping down as chief executive but would become chief operating officer. Apart from causing a share price crash of nearly 40%, the news prompted talk in the City that the company could find itself in need of a cash call of around £500m to cut its debt mountain. ... [Read full article on Guardian ]
Sunday 24th of September 2017 08:59:27 AM
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Latest Finance News related to Share Price

Claiming flight compensation - Five minute guide image
Source : Daily Express [Read Article] Sunday 24th of September 2017 04:12:00 PM
.  The mass cancellations are a public relations disaster for the budget airline, which saw its share price thumped as it faces claims of up to £60 million from furious customers. ...
AA has been a bit of a car crash - can it get back on the road? image
Source : Guardian [Read Article] Sunday 24th of September 2017 08:59:27 AM
.... In July, it issued a profit warning, blaming a Brexit-related slowdown in orders, scrapped its dividend and said Richard Howson was stepping down as chief executive but would become chief operating officer. Apart from causing a share price crash of nearly 40%, the news prompted talk in the City that the company could find itself in need of a cash call of around £500m to cut its debt mountain. ...
Ryanair boss Michael O’Leary may be flying by the seat of his pants in row with pilots | Nils Pratley image
.... That’s not O’Leary’s style, which makes events unpredictable. The City’s lack of concern, seen in a share price that has barely moved, remains baffling. ...
Drax boss Dorothy Thompson to step down after 12 years image
Source : Guardian [Read Article] Thursday 21st of September 2017 02:08:17 PM
.... “The changes we are seeing in the UK energy sector are unprecedented and we have an opportunity to thrive while doing the right thing for the UK energy market,” he said. The company’s share price was down by 0. ...
Google to buy part of HTC's smartphone operations for $1bn image
Source : Guardian [Read Article] Thursday 21st of September 2017 04:05:42 AM
....HTC, which once sold one in 10 smartphones globally, has seen its market share dwindle sharply in the face of heated competition from Apple, Samsung and Chinese rivals. Its share price has also suffered steep declines over the past couple of years. ...
Ryanair to tell 400,000 passengers of cancelled flights after roster 'mess-up' image
....Ryanair has written to 400,000 passengers to tell them that their flight has been cancelled after it admitted to a “mess-up” on pilot rostering that left 18 million ticket holders wondering if their holiday plans would be ruined. In a hastily arranged press conference in Dublin on Monday afternoon amid a passenger revolt and a slump in the company’s share price, the normally combative chief executive Michael O’Leary apologised “unreservedly” for “a mess of our own making”. ...
Ryanair vows to publish details of all flights cancelled in next six weeks image
Source : Guardian [Read Article] Monday 18th of September 2017 02:23:23 PM
. Ryanair has promised to publish details on Tuesday of all the flights it plans to cancel over the next six weeks following a passenger revolt, a slump in its share price and an expected compensation bill of £30m. ...
Why is Ryanair cancelling flights and what can you do? image
Source : Guardian [Read Article] Monday 18th of September 2017 12:35:49 PM
....Of the 4,500 comments on Ryanair’s Facebook page on Monday morning, the most popular was: “Publish all cancelled flights now for the next six weeks so we can make alternative arrangements and stop treating your customers like idiots. ” Ryanair’s share price fell significantly – by about 3% – on Monday morning, knocking about £500m off its stock market valuation. ...
Northern Rock investors' compensation claim just doesn't stand up | Nils Pratley image
.... Now he’s turning them on again. He’s feeling more confident, thus a modest 1% tickle to his profit forecast for the year provoked a 13% rise in the share price. ...
The financial system is still blinking red. We need reform more than ever | Rana Foroohar image
.... They are able to borrow money at record-low interest rates at home, while keeping the bulk of their cash sheltered in overseas tax havens, many of them in Europe. Indeed, one of the only things keeping the markets – which have diverged wildly from Main Street fundamentals – up these days is the prospect of Trump tax “reform” (aka corporate tax cuts) that would allow companies to repatriate some of that cash, and use it to do even more “share buybacks” of their own stock, which has the effect of artificially inflating share prices. ...
Might, not right: betting firms get their due on fixed-odds machines image
Source : Guardian [Read Article] Wednesday 13th of September 2017 06:27:29 PM
....Darroch is an experienced operator and Sky, whatever you think of the Murdochs’ plan to own 100% of it, is an impressive commercial beast. The pay committee may have forgotten, however, that the broadcaster’s share price was stuck at a three-year low before 21st Century Fox turned up with its offer. ...
Superdry's co-founders to share wealth with 4,500 employees image
Source : Guardian [Read Article] Wednesday 13th of September 2017 06:35:18 AM
. The multimillionaire co-founders of Superdry have launched an innovative bonus scheme to share a fifth of their share price gains with the fashion brand’s 4,500 employees. ...
Hinkley nuclear power is being priced out by renewables | Nils Pratley image
Source : Guardian [Read Article] Monday 11th of September 2017 06:12:14 PM
....Other notable departees include Richard Howson, who was stood down as chief executive after July’s profits warning only to reappear as chief operating officer. Given the 80% fall in the share price, the surprise is only that he got a temporary reprieve. ...
Does Peter Hargreaves have a whale of an opportunity for UK investors? image
Source : Guardian [Read Article] Saturday 9th of September 2017 05:59:00 AM
....Yiu’s approach to picking investments is to thoroughly research a company and its profit prospects, then fixing a price that he thinks the company’s shares should be worth. Only then does he look at the actual share price. ...
Help-to-buy scheme aids some buyers, but boosts builders even more | Nils Pratley image
.... Since former chancellor George Osborne in 2013 committed to helping homebuyers purchase new properties with a deposit of only 5%, Redrow has reported record profits every year. The latest annual numbers – and a share price that has improved threefold since 2013 – shows how wonderful life has become for big housebuilders. ...
We’re addicted to debt and headed for a crash. It could be worse than 2007 | Zoe Williams image
.... This is plausible: and I don’t just choose to find it so because it kicks against the prevailing narrative that only employers create wealth, and employees are dispensable drones, waiting to be rationalised into cheaper, zero-hours drones. Morses Club is a very similar business, and its share price hasn’t moved. ...
Former Provident Financial chief forfeits £4m after profit warning image
Source : Guardian [Read Article] Friday 1st of September 2017 05:56:36 PM
....He agreed to give up pay, pension and benefits, worth at least £1m according to the company’s annual report, that would have been due for his contractual notice period of a year. The company has cancelled share awards for three previous years that would have been worth a combined £1m at today’s share price and would have become available to him over three years starting in 2018. ...
Indivior sees £1bn fall in value as it loses heroin treatment patent case image
Source : Guardian [Read Article] Friday 1st of September 2017 09:20:42 AM
....”. Indivior is the latest victim of a summer of discontent which has seen sharp share price falls in the likes of Dixons Carphone, WPP, Carillion and Provident Financial as investors punished disappointing updates. ...
Dara Khosrowshahi's Uber in-tray: 20 issues new chief must address image
Source : Guardian [Read Article] Wednesday 30th of August 2017 07:26:40 PM
.... The change of chief executive could tip the balance in Uber’s favour. Donald Trump can send company’s share prices into a nosedive with a single tweet. ...
Provident Financial in race to fix technical problems and retain staff image
Source : Guardian [Read Article] Wednesday 23rd of August 2017 01:16:12 PM
....7bn off its stock market value, after it issued a shock profit warning and longstanding chief executive, Peter Crook, resigned. The share price recovered 12% on Wednesday to 661p, still far below Monday’s close of about £17. ...
WPP faces worst year in a decade as advertisers cut spending image
Source : Guardian [Read Article] Wednesday 23rd of August 2017 06:50:30 AM
....“Trumponomics may well have resulted in an increase in the United States GDP growth rate … [but] the limitations of the new administration seem to be jeopardising the anti-regulatory, infrastructure and tax reduction programme that was promised,” he said. WPP’s share price tumbled 11% to £14 on Wednesday after the company made a shock cut in revenue and net sales forecasts, which wiped almost £50m off Sorrell’s paper fortune as it fell from around £412m to £365m. ...
Provident Financial sees nearly £1.7bn wiped off stock market value image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 09:40:50 AM
.... Provident has agreed to suspend the sale of ROPs, which were worth £70m a year in revenues. Analysts at RBC Capital Markets called the string of negative announcements a “quadruple whammy” as Provident’s share price nosedived. ...
The fallout from Trump closing down his advisory panels is just beginning | Nils Pratley image
.... But the way events were running, there would have been nobody left by the end of the week. Meanwhile, Trump’s power to move companies’ share prices seems to have evaporated. ...
Netflix will need its comic-book heroes: Disney may just have become a rival image
.... The company has not decided whether to include Marvel or Lucasfilm, the company behind Star Wars and Indiana Jones, in the new service or to give them their own digital homes. Netflix’s investors took fright at the move by Disney, which has been considered a potential acquirer of the $77bn company, with its share price still down about 6% since the announcement. ...
Fox’s chances of securing Sky depend on the football result image
Source : Guardian [Read Article] Sunday 13th of August 2017 05:59:06 AM
. The threat of greater regulatory scrutiny and a dip in Sky’s share price weighed on Rupert Murdoch’s ambitions to take full control of the satellite broadcaster last week. ...
Amazon paid just £15m in tax on European revenues of £19.5bn image
Source : Guardian [Read Article] Thursday 10th of August 2017 08:15:53 AM
....4m attributed to Amazon Services UK. It has also emerged that Amazon UK’s warehouse and logistics staff and management enjoyed a bumper £95m payout from the company share scheme, thanks to its surging share price. ...
Stock market crash: how Slater and Gordon became a casualty of the neoliberal dream | Richard Ackland image
....For a while all went brilliantly. The high share price and buckets of cash allowed for a dizzy array of acquisitions – more than half a billion dollars was splashed by Slaters on snaffling 40 smaller law shops both in Australia and the UK. ...
Crane spotters predict leaner times for UK builders image
Source : Guardian [Read Article] Sunday 6th of August 2017 11:01:05 PM
....Help to buy is expected to fuel growth in private housing starts of 3% in 2017 and 2% in 2018, the CPA said, but this is slower than in previous years given uncertainties about the strength of consumer confidence and falls in real earnings. Last week it was reported that help to buy could come to an end sooner, sparking a rout in housebuilders’ share prices. ...
Two pints of best and an English rosé as wine comes to the beer festival image
....Is Pets at Home still in the doghouse? The retailer has had a tumultuous time of late and investors will no doubt be listening closely on Tuesday when its management gives a trading update for the first quarter of the year. The share price dropped in May when Morgan Stanley warned that specialist retail chains such as Pets at Home, which has more than 400 superstore outlets, were not sustainable in the age of the internet and discount stores. ...
Help To Buy: Fears first-time buyer scheme will be AXED image
Source : Daily Express [Read Article] Friday 4th of August 2017 03:33:00 PM
....But Theresa May's Government could now look to wind down Help To Buy before its official end date in 2021, according to a report in a trade publication Property Week. The share price in British homebuilders plunged after the report, with Persimmon shares, Taylor Wimpey , Barratt Development and Bellway all taking a hit. ...
Executive wages may have fallen, but the case for pay ratios is even stronger image
.... On a rough estimate, the bosses collected “only” 129 times the average earnings of their employees, down from 145 times in 2015. Actually, this finding is remarkable only in one way: it happened in a year in which share prices, which affect the value of stock-based incentive packages, were strong. ...
Elon Musk hands over first Tesla Model 3 electric cars to buyers image
Source : Guardian [Read Article] Saturday 29th of July 2017 04:59:50 AM
.... A troubled Model 3 launch could heighten the risks for the company, while a steady delivery of Model 3s could generate a stream of cash that would allow Tesla to avoid going again to the capital markets to fund its operations. Tesla’s share price has surged 54% since January in anticipation of the Model 3 launch, and Tesla’s pricey valuation now exceeds that of traditional rivals like General Motors and Ford . ...
Jeff Bezos: how the world's richest man can change his stingy reputation image
....Bezos’s reign as the world’s richest man did not last long. Amazon’s share price fell slightly by the end of Thursday, handing the title back to Bill Gates. ...
BT profits dive by 40% after £225m payout over Italian scandal image
Source : Guardian [Read Article] Friday 28th of July 2017 06:49:04 AM
....BT’s stock market value dropped by almost £8bn in January after the company revealed the full extent of a £530m accounting scandal at its Italian operation. BT’s share price remains more than 20% lower than it was a year ago. ...
Amazon founder Jeff Bezos – briefly – becomes world's richest man image
Source : Guardian [Read Article] Thursday 27th of July 2017 04:20:59 PM
....The founder of Amazon, Jeff Bezos briefly overtook Microsoft’s Bill Gates to become the world’s richest person. Bezos leapfrogged Gates, who has been the richest man on the planet since 2013, after a rise in the share price of Amazon ahead of its latest results due Thursday night. ...
AstraZeneca shares dive after failure in key lung cancer drug trial image
Source : Guardian [Read Article] Thursday 27th of July 2017 07:36:16 AM
....However, many City analysts are doubtful that the final results from the Mystic trials in 2018 will be much better for a therapy that was forecast to have peak sales of $4bn in 2023. Ketan Patel, a fund manager at EdenTree Investment Management, said: “It is difficult to think of a time when a large-cap pharmaceutical company has suffered such a large setback in share price in one day. ...
Love Island is awful – but ITV's prospects are better | Nils Pratley image
Source : Guardian [Read Article] Wednesday 26th of July 2017 06:54:35 PM
.... Minus 4% is predicted for the July-to-September quarter. It was enough to improve ITV’s share price, after a long losing run, by 2. ...
Mike Ashley wins high court battle over '£15m pub deal' image
Source : Guardian [Read Article] Wednesday 26th of July 2017 09:30:42 AM
....Ashley was not in court to hear the judge deliver his ruling, but his lawyers said he had won a “comprehensive” victory. In a statement, the businessman said: “The only reason the Sports Direct share price exceeded £8, and will hopefully do so again, is because of the sterling efforts of all the people who work at Sports Direct. ...
ITV clings to Love Island and Victoria as ad slump hits profits image
Source : Guardian [Read Article] Wednesday 26th of July 2017 07:15:31 AM
....ITV said the second half of the year would prove to be better with a “build-up of programme stock”, including Victoria and Cold Feet, set to bolster its advertising performance. The broadcaster saw a healthy 4% bump in share price in early trading as analysts, who had factored in the poor first half performance, were buoyed by more positive outlook for the second half of the year. ...
Greece's €3bn bond sale doesn't mean its debt crisis is at an end | Nils Pratley image
.... He’s earned a whisker under £30m over the past five years. Shareholders have also done well during his decade at the helm, despite the one-third plunge in the share price from its peak. ...
The IMF is right to downgrade its forecast for the UK | Larry Elliott and Nils Pratley image
....So much for the idea that easyJet and Ryanair, after a tricky 2016, were about to enjoy sunny trading conditions this year. That theory has been running for months, which is why the loss of altitude in share prices since last Thursday has been severe. ...
Wall Street duo make $150m each on back of Trump election victory image
Source : Guardian [Read Article] Monday 24th of July 2017 10:36:39 AM
.... The Bank of America boss, Brian Moynihan, registered a big increase, of 23% to $20m. Shares in US banks soared after Trump’s victory in the 9 November election, with Goldman’s share price rising 24% in the last seven weeks of 2016. ...
SodaStream gets busy with the fizzy … again image
Source : Guardian [Read Article] Saturday 22nd of July 2017 08:00:33 AM
....It was a simpler time for consumers and today SodaStream faces stiffer competition for the nation’s attention as NutriBullet fruit and veg blenders bump up against Magimixes on crowded worktops. But SodaStream, which is listed on New York’s Nasdaq exchange, has seen its share price more than double in the past year after it started downplaying the “soda” that inspired its name, and repositioned itself as a green alternative to glugging cans of Coke and Pepsi. ...
SSE loses 230,000 customers in 'highly competitive' UK market image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:28:01 PM
....The group said it was maintaining its target of increasing the year’s dividend by at least RPI inflation, which was welcomed by analysts. SSE’s share price initially fell, but later rallied to close up 0. ...
Drax looking at 'coal-free future' as it reveals £83m pre-tax loss image
Source : Guardian [Read Article] Wednesday 19th of July 2017 09:33:16 AM
. The operator of the UK’s largest power station has seen its share price slide after it posted a pre-tax loss of £83m in the first half of the year despite increasing earnings by 73%. ...
HBOS inquiry: the time for delays is over | Nils Pratley image
Source : Guardian [Read Article] Tuesday 18th of July 2017 06:28:07 PM
.... The number of shares on offer to the executives has been cut by a fifth but Frederic Vecchioli, the chief executive, would still be able to bag £8. 4m-worth at the current share price if he hits his targets over the next five years. ...
Netflix tops 100m subscribers as it draws worldwide audience image
Source : Guardian [Read Article] Tuesday 18th of July 2017 09:49:29 AM
....In the past two decades the company has transformed from a California-based mail order DVD outfit to a global digital giant that has transformed the way the public watch TV. The company’s share price climbed almost 10% to $180 a share in after-hours trading in New York on Monday, after the new subscriber numbers were revealed. ...
HS2 supporters boast of benefits – but costs keep going off the rails | Nils Pratley image
....Whatever one’s view, nobody seems surprised by ITV or McCall’s choices. The company gets an executive with a strong record at easyJet (a trebled share price, £1. ...
HS2 contracts worth £6.6bn awarded by UK government image
Source : Guardian [Read Article] Monday 17th of July 2017 08:08:45 AM
....4bn to design and build the North Portal Chiltern tunnels to Brackley and the Brackley to Long Itchington Wood Green tunnel South Portal. The troubled construction company’s share price crashed 70% last week after it issued a profit warning and announced the departure of its chief executive. ...
Carolyn McCall to become ITV chief executive image
Source : Guardian [Read Article] Monday 17th of July 2017 06:15:51 AM
....5m to cover the cost of unvested bonus and long-term incentive share plan awards she had to forfeit leaving easJet. McCall said she already missed easyJet – which suffered a share price slump and sharp fall in profits last year, its first decline in six years, and is due to open a European HQ to operate EU flights post-Brexit – but said the ITV opportunity “felt like the right one to take”. ...
Investors received record-breaking dividends in 2017, research shows image
Source : Guardian [Read Article] Monday 17th of July 2017 06:01:43 AM
. Investors are enjoying a stellar 2017, with rising share prices being supplemented by record-breaking dividend payments, new research shows. ...
Governments have to invest in the fourth industrial revolution | Larry Elliott image
.... They own 40% of the US stock market and benefit from the dividend payouts, and the share buybacks that drive prices higher on Wall Street. Those running companies, also members of the 1%, have remuneration packages loaded up with stock options, so they too get richer as the company share price goes up. ...
ITV closes in on naming easyJet's Carolyn McCall as CEO image
Source : Guardian [Read Article] Friday 14th of July 2017 04:47:41 PM
.... Sources say she has been seeking more than Crozier, who made £27m from his appointment in April 2010 until the end of last year. McCall has about £5m worth of unvested performance share awards, at easyJet’s current share price, that she would have to give up upon resigning and which will have formed part of her negotiations with ITV. ...
Carillion has 'no future without rights issue of at least £500m' image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:20:18 AM
....These types of setback are frequent complaints of investors in the sector and is one of the reasons the City has long taken a dim view of Carillion. For months, the company has been one of the UK stock market’s most shorted companies – meaning that investors have been placing bets on a fall in the company’s share price. ...
Judge says Mike Ashley case is 'a lot more interesting' than others image
Source : Guardian [Read Article] Wednesday 12th of July 2017 06:07:26 PM
.... Blue claims the only explanation for the £1m bonus is that it was a downpayment on the alleged agreement and he is suing Ashley for the £14m balance. Ashley has said he does not recall the conversation because he had downed the first four pints of the session in about an hour, and that if he did make any such share price-based deal it would have been just “drunk banter”. ...
Pearson picks up $1bn from Penguin – but no treat for investors | Nils Pratley image
.... The proceeds on both occasions look OK – but neither disposal would have been necessary if the core business had been fixed. Another day, another share price plunge for Carillion, the construction contractor that on Monday whacked its shareholders with a £845m provision. ...
Gig economy: now is the time to ease the burden for workers image
Source : Guardian [Read Article] Sunday 9th of July 2017 06:00:16 AM
....The speaker, of course, was Sports Direct’s Mike Ashley, in the high court last week where he was defending claims that he agreed to pay a banker £15m during a drinking session in a London pub. The case continues, but here’s the remarkable fact: while Ashley was describing his boozing habits, Sports Direct’s share price barely moved. ...
AB Foods lifted by Primark sales boost image
Source : BBC [Read Article] Thursday 6th of July 2017 08:19:29 AM
....In the UK, Primark's total sales for the year to date are up 9%. The jump in AB Foods' share price made it the biggest riser on the FTSE 100, but the index itself was down 1. ...
Six new things we know about Mike Ashley image
Source : BBC [Read Article] Wednesday 5th of July 2017 08:12:56 PM
....It was a chance to hear about the business practices of one of Britain's most unusual self-made men, who built Sports Direct from a single shop into a multi-billion pound business. Jeffrey Blue, the investment banker who is suing Mr Ashley, claims that he promised to pay a £15m bonus if the share price doubled to £8. ...
EasyJet's Carolyn McCall is favourite to take over at ITV image
Source : Guardian [Read Article] Wednesday 5th of July 2017 07:48:15 PM
....9% to £495m. Since then easyJet’s share price, which had fallen steeply, has recovered almost 30%. ...
Mike Ashley dismisses claim he offered expert £15m as nonsense image
Source : BBC [Read Article] Wednesday 5th of July 2017 03:23:23 PM
.... . Investment banker Jeffrey Blue said the Newcastle United owner promised to pay him £15m if he increased Sports Direct's share price to £8 each. ...
Worldpay buyout by Vantiv reignites debate over foreign takeovers image
Source : Guardian [Read Article] Wednesday 5th of July 2017 03:04:35 PM
.... Worldpay shareholders would own about 41% of the new group. The value of the deal varies with Vantiv’s share price but when it was announced it valued Worldpay shares at 385p each, including a 5p dividend. ...
Mike Ashley: former colleague is trying to extort millions over 'banter' image
.... Displaying an apparently muddled grasp of the plot of Star Wars, he said he was not “Obi-Wan Kenobi running the Death Star”. Ashley said paying out the money to Blue – who claims he was promised £15m if Sports Direct’s share price doubled over three years – would not be a problem as he was so rich that he didn’t know what to spend his money on when he became a billionaire in 2007. ...
Mike Ashley's talk of £15m deal was just banter, court is told image
Source : Guardian [Read Article] Wednesday 5th of July 2017 11:23:12 AM
....Blue is suing Ashley for £14m he claims Ashley owes him from the alleged deal sealed in the Horse & Groom pub in London’s Fitzrovia in 2013. He claims that Ashley agreed to pay him £15m if he could help double Sports Direct’s share price within three years. ...
Decade in the doldrums for hard-hit savers as low interest rates remain the same image
....25 per cent, which means that eight million Britons have not seen an interest rate rise in their adult life, according to figures from Hargreaves Lansdown. Senior analyst Laith Khalaf said if you parked £1,000 in the average cash savings account 10 years ago you would now have just £1,107, which is worth a mere £878 in real terms after adjusting for inflation: “At the same time share prices have soared, so the same money would be worth £1,666 in the stock market with dividends reinvested, or £1,323 after inflation. ...
Savers left in the red after a decade of low interest rates image
Source : Guardian [Read Article] Wednesday 5th of July 2017 06:34:13 AM
....This collapse in interest rates and 26% inflation over the 10-year period has turned £1,000 cash in a savings account in 2007 into £878 in real terms, according to Hargreaves Lansdown. This compares with the gains made possible by £1,000 invested in the stock market, which is now worth £1,323 adjusted for inflation and with the 50% drop in share prices that followed the financial crash taken into account. ...

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