BP share price rises after it reaches $18.7bn settlement with US over Gulf of Mexico oil spill July 2, 2015 Shares in BP pushed higher this afternoon after it agreed to pay $18.7bn (£12bn) in damage claims over 18 years to the US government and five states over the 2010 Gulf of Mexico oil spill. The explosion and spill over five years ago killed 11 workers and spewed oil into the Gulf of Mexico for nearly three [...]
Cider loses its a-peel as Bulmers and Magners maker C&C says cold spring put off drinkers July 2, 2015 It never rains but it pours. The unseasonably cold weather in May has put pub-goers off ice-filled pints of cider, the maker of Magners and Bulmers said today. C&C Group, which also makes Tennent's Lager, said revenues between March and the end of June were lower than expected – paving the way for flat [...]
Lloyds share price dips as government sells off more shares July 2, 2015 Shares in Lloyds were trading flat this morning after the government announced it had hived off another load of shares in the state-backed bank. The Treasury sold off around 691m shares, shrinking the government's stake by one per cent to 15.9 per cent. The government has been whittling down its stake in the bailed-out bank since [...]
Dixons Carphone share price rises after announcing US expansion with Sprint Corporation July 2, 2015 Dixons Carphone is heading across the pond. The group's Connected World Services division has teamed up with American telecoms company Sprint with plans to open up to 500 stores across the States. Read more: Dixons Carphone ups full-year profit forecast Chief executive Sebastian James has already been named the most powerful person in British retailing, and [...]
Uber adds ranks in Indian cities July 1, 2015 Controversial transport technology firm Uber yesterday announced it will open operations in seven more Indian cities, to keep up with local rival Ola. It brings the total number of its operating territories there to 18. From today it will make India the company’s second-largest territory after the US. Uber has not had an easy ride [...]
Greece bailout crisis: EasyJet founder Stelios Haji-Ioannou brings free lunch to the table July 1, 2015 While Eurozone finance ministers continue to try and come up with a plan to save Greece's economy, one billionaire is giving out free lunches on the street. Read more: Stelios Haji-Ioannou launches new easyBus Heathrow-London shuttle service Sir Stelios Haji-Ioannou, founder of easyJet, left Greece 25 years ago and now lives in Monaco, but [...]
Sirius Minerals share price jumps as much as 83 per cent after York Potash mine gets go-ahead July 1, 2015 Shares in Sirius Minerals closed up 50.87 per cent to 22.63p per share this afternoon, after it got the go-ahead for its York Potash mine from the North York Moors National Park Authority. The North York Moors National Park Authority voted eight to seven in favour of the application by Sirius, suggesting that it believes the [...]
Worldpay facing buyout instead of float July 1, 2015 Payments processing company Worldpay's owners are in talks with private equity groups such as Blackstone, CVC and Helmman & Friedman (H&F) over a possible takeover bids which would curtail its public listing. CVC is reportedly working with a major Canadian pension fund, while H&F is said to be in discussions over a joint bid with [...]
Serco share price rallies as it reaffirms profit and sales forecasts for this year July 1, 2015 Shares in Serco were rallied today after the embattled outsourcing company reaffirmed its profit and sales forecasts for this financial year. Shares in Serco closed up 7.7 per cent to 125.7p per share in London this afternoon. At the open this morning they had jumped as much as 13 per cent. "Trading in the year to-date [...]
Sophos share price jumps in first day of trading July 1, 2015 Shares in cyber security giant Sophos closed above its initial public offering price during its first day of unconditional trading. Shares in the Abingdon-based firm ended the day up 3.4 per cent to 242p per share at the close in London. Last week it said it would float the shares at 225p per share, which would enable it [...]
