Sluggish holiday sales pull Build-A-Bear Workshop’s performance down for fourth quarter and curb revenues for fiscal year but share price rises February 16, 2016 Share price in Build-A-Bear Workshop rose despite the company announcing a fall in sales throughout the holiday season in its most recent results today. The retailer reported adjusted net income of $19.6m (£13.7m) for its fiscal year 2015, up from $17.4m for its fiscal year 2014, although total revenue dropped to $377.7m, compared to $392.4m the year before. The company's results [...]
Tesla is the latest car maker to tap the kid market with a scale model version of its electronic sedan February 16, 2016 What do you buy for the child who has everything? A kids' size version of the Tesla Model S built to scale of course. For the pocket-money price of £346, the Tesla Model S for Kids has working headlights, a sound system and a rechargeable battery. Available from May, the electric sedan drives at a [...]
Standard Chartered share price: Investec analysts downgrade bank stock after just two days following share price rally February 16, 2016 Investec has downgraded Standard Chartered to a “hold” rating just two days after upgrading the lender to a buy, after shares in the Asia-facing bank rallied by more than 17 per cent in just two working days. Standard Chartered has struggled since the start of the year, with shares tumbling by over 20 per cent. [...]
EDF says “definitive construction” of Hinkley Point C to start in 2019 February 16, 2016 EDF has said it intends to "proceed rapidly" with the final investment decision for the £18bn construction of Hinkley Point C, paving the way for the "definitive construction" of the nuclear power plant to start in 2019. The French energy giant's chief executive, Jean-Bernard Levy, told reporters while it's yet to complete talks with its Chinese partners before the [...]
Monopoly money is soon to be a thing of the past thanks to new cashless version of the game February 16, 2016 If the closest you get to holding a giant wad of cash is when you're playing Monopoly, you're not going to like the new version of the game. Hasbro Gaming is set to release a new version of Monopoly Ultimate Banking this autumn, which replaces the iconic notes with credit cards and a teeny, tiny [...]
Merlin Entertainments poaches finance chief from Dechra Pharmaceuticals February 16, 2016 The finance chief of veterinary pharmaceuticals giant Dechra is hopping onto a new ride after agreeing to join Madame Tussauds and Alton Towers owner Merlin Entertainments. Anne-Françoise Nesmes, who has worked for Dechra for three years, will take over the reins from Merlin's current chief financial officer Andrew Carr, who is retiring after more than 16 years with the company. Merlin [...]
Zoopla injects £1m into four property technology start-ups February 16, 2016 Zoopla is throwing its weight behind the next generation of property technology firms after investing £1m in four start-ups. The FTSE 250 firm, which owns uSwitch, Prime Location as well its eponymous property search firm, said it has agreed exclusive partnerships with four "promising and innovative property technology start-up companies" to help ramp up their expansion and improve [...]
Thames Water: Work has started on Europe’s biggest floating solar panel project in London February 16, 2016 Thames Water announced work on a huge floating solar array, equivalent to eight Wembley football pitches, began in London this week. Just over 23,000 solar photovoltaic (PV) panels will be floated on the reservoir near Walton-on-Thames. The project, the biggest of its kind in Europe, will have a total installed peak capacity of 6.3 megawatts, and should generate enough energy [...]
Volkswagen’s car sales fall in the EU as it struggles to shake off stigma of emissions scandal February 16, 2016 EU sales of Volkswagen's eponymous brand of cars fell by 3.8 per cent in January, flouting the wider trend of a 6.2 per cent rise in total car sales in the bloc last month. Figures released today by Acea, the manufacturer's body, showed that VW is still feeling the pain from its emissions scandal, which [...]
Vodafone’s share price rises after confirming Dutch merger with Liberty Global February 16, 2016 Vodafone and Liberty Global are to merge their Dutch operations, the two telecoms companies have announced. Vodafone said it will pay €1bn (£770m) to Liberty Global in order “to equalise ownership in the joint venture”. The tie-up will achieve cost, capex and revenue synergies with a value of around €3.5bn after integration costs, Vodafone said. [...]
