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Bankers pocket £111m as Foxy Bingo buys Ladbrokes

WaECwGQZJSwAd - Sat, 02/10/2018 - 11:13
GVC Holdings, the Isle of Man-based owner of Foxy Bingo, is buying Ladbrokes in a deal that will see City firms split a £111m fees bonanza and hand executives up to £12m.

DAILY BRIEFING: Tata Steel profits rise five-fold

WaECwGQZJSwAd - Sat, 02/10/2018 - 11:07
Profits at Tata Steel have risen five-fold over the latest quarter to £145million, boosted by volume growth in India and rising steel prices.

Profits at Nationwide slip after slump in buy-to-lets

WaECwGQZJSwAd - Sat, 02/10/2018 - 10:20
The drop in demand for rental properties triggered a profit slide at Britain’s biggest building society to £886m in the last nine months of 2017 – down 6 per cent on a year earlier.

How pension deficits put dividends at risk

WaECwGQZJSwAd - Sat, 02/10/2018 - 10:10
If a business is a riskier investment than its peers, it may increase its payout to compensate investors. A warning sign is when the firm has a large pension black hole compared to the overall company size.

Insurance fees that can cost MORE than a claim

WaECwGQZJSwAd - Sat, 02/10/2018 - 09:56
Homeowners, holidaymakers and drivers are being sold insurance policies that impose bigger fees than the value of claims, an investigation found.

A seller's guide to Notonthehighstreet 

WaECwGQZJSwAd - Sat, 02/10/2018 - 09:29
Notonthehighstreet.com is the biggest online gifting marketplace in the UK. Could listing on the site help your business grow? Here's a seller's guide to getting the most out of it.

New TSB Classic Plus refer a friend scheme pays up to £375

WaECwGQZJSwAd - Sat, 02/10/2018 - 09:28
TSB has landed the latest blow in the battle for current account switchers offering existing customers £75 to recommend the Classic Plus account to friends and family – up to a maximum of £375.

Daily Mirror buying Daily Express and Daily Star for £127m

WaECwGQZJSwAd - Fri, 02/09/2018 - 21:51
Trinity Mirror will take over all Northern & Shell’s publishing assets, including celebrity magazines OK!, New! and Star.

Hedge fund in care home takeover gives £70m lifeline

WaECwGQZJSwAd - Fri, 02/09/2018 - 21:50
H/2 Capital Partners has lent Four Seasons an extra £30m and refinanced an existing £40m loan at lower interest rates.

BIG SHOT OF THE WEEK: GlaxoSmithKline boss Emma Walmsley

WaECwGQZJSwAd - Fri, 02/09/2018 - 21:50
Her role at the £80bn pharmaceuticals giant makes her, at just 48, the most powerful businesswoman in Britain, if not the world.

GKN expected to lift lid on major plan to boost profits

WaECwGQZJSwAd - Fri, 02/09/2018 - 21:50
Anne Stevens, who was named boss last month, will outline her so-called Project Boost as the engineering firm battles an unwelcome £7.4bn bid from takeover specialist Melrose.

FTSE CLOSE: Markets slide after US stock plunge

WaECwGQZJSwAd - Fri, 02/09/2018 - 17:08
The FTSE 100 index at the close was down 78.26 at 7092.43.

Supermarkets react to low oil prices trimming 2p off fuel

WaECwGQZJSwAd - Fri, 02/09/2018 - 17:02
The move comes just days after experts called for fuel retailers to lower their prices after the price of oil fell dramatically in the last fortnight.

Buy, sell, or hold? What to do when stock markets tumble

WaECwGQZJSwAd - Fri, 02/09/2018 - 16:51
Investors got a shock this week, when the prolonged period without a stock market correction – dubbed the Big Calm – came to an abrupt end. We look at why and how to tackle a tumble.

Buy-to-let investment plummets 80% in two years

WaECwGQZJSwAd - Fri, 02/09/2018 - 16:48
Stark figures from the Intermediary Mortgage Lenders Association show net investment in buy-to-let property fell from £25billion in 2015 to just £5billion in 2017.

Waitrose scraps its ‘pick your own’ loyalty scheme 

WaECwGQZJSwAd - Fri, 02/09/2018 - 16:40
Instead customers who have signed up to the loyalty will be sent vouchers and offers based on their shopping habits which it says will make it easier for customers to save money.

FTSE LIVE: Markets slide after US stock plunge

WaECwGQZJSwAd - Fri, 02/09/2018 - 16:27
The FTSE 100 opened lower this morning after a slide in US and Asian markets. It opened down 0.4% down at 7,139. It followed a tough day on Wall Street.

Cancer research firm nears European patent for platform

WaECwGQZJSwAd - Fri, 02/09/2018 - 16:17
While the blue-chips were shaken, with a fall of 3.8% over the trading week, shares in the UK’s growth sector were even harder hit with the AIM All Share off 4.5%

Hogg Robinson also to sell Fraedom to Visa for £141.8m

WaECwGQZJSwAd - Fri, 02/09/2018 - 14:44
Shares in Hogg Robinson Group soared almost 50% today after the company received a recommended offer of almost £400m for the business from American Express Global Business Travel

Investors shunned stocks for expensive bonds last year

WaECwGQZJSwAd - Fri, 02/09/2018 - 13:47
Investors turned their backs on company shares funds last year and flocked to the perceived 'safety' of bond funds despite paying over the odds for relatively little income.
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