Volkswagen share price continues to churn amid emissions scandal October 17, 2015 Shares in embattled carmaker Volkswagen were down 3.8 per cent to 103.2p per share in Germany this morning, more than a week after news of its emissions scandal first broke. The company has suspended the research and development chiefs of its core VW brand, luxury division Audi and sports-car maker Porsche, sources told Reuters. This comes [...]
Tinder parent company Match Group seeks to woo investors with IPO October 17, 2015 Match Group wants to woo investors with an initial public offering (IPO). Match Group, owner of dating app Tinder as well as dating sites OKCupid and Match.com, filed documents with the Securities Exchange Commission for a listing on the Nasdaq Global Select Market under the symbol "MTCH" yesterday. Media mogul Barry Diller's IAC/Interactive Corp, which owns Match Group, would retain [...]
Volkswagen hires compliance manager Christine Hohmann-Dennhardt from rival Daimler to help clean up emissions scandal October 16, 2015 Volkswagen has today hired a new director of integrity and legal affairs in a bid to recover from its emissions scandal. Christine Hohmann-Dennhardt is joining from rival Daimler, where she held the same position.She will pick up the newly-created role at VW on 1 January. Daimler has agreed to release Hohmann-Dennhardt from her contract early after a VW put a special request [...]
What commodities crisis? Rio Tinto posts healthy third quarter results with more iron but less salt October 16, 2015 Miners may have been hit be the global commodities crisis in recent money, but here's one which is doing alright: global miner Rio Tinto posted a 17 per cent rise in third-quarter iron ore shipments today. The world’s second-biggest mining company reported iron ore shipments of 91.3m tonnes, on track to meet its 340m end-of-year target. The figure, up from 303m tonnes [...]
Ukog: UK Oil and Gas share price falls despite extending planning permission for its Markwells Wood well license October 16, 2015 Shares in UK Gas and Oil (Ukog) fell five per cent to 1.35p per share in early afternoon trade, despite the company securing an extension to planning permission for its Markwells Wood well in West Sussex. Ukog said the South Downs National Park Authority had agreed to extend planning permission for the well site until the end of September 2016. The company is [...]
AstraZeneca setback: Diabetes treatment fails to win approval in the US October 16, 2015 UK drugs company AstraZeneca faces a setback in the US, after it failed to win government backing for its diabetes treatment. The Food and Drug Administration (FDA) said in order to make a final decision on the combined use of saxagliptin and dagagloflozin to treat type 2 diabetes, it requires more details about clinical trials in humans. [...]
World’s first bitcoin miner IPO draws near for Bitcoin Group October 16, 2015 The world’s first bitcoin mining IPO is drawing near, as Australia’s Bitcoin Group Limited launches a “pre-IPO”. After two failed attempts to list, could it be third time lucky for the company? Bitcoin crowdfunding platform BnkToTheFuture has launched a fund to invest in the firm, with less than a month to go until its flotation. Bitcoin [...]
John Lewis reveals how we shop, live and look in 2015: Spiralising and the Nutribullet took over while we ditched thongs, bookcases and formal dining October 16, 2015 When looking back at 2015, how will the year be remembered? Plenty of scandals, both corporate and political, have kept us busy in the news department, but what about when we hit the shops? Middle England's favourite department store John Lewis has released its annual state of the nation report, revealing the five items that [...]
The Co-operative Bank wants to spend £1m growing the UK’s co-operative sector October 16, 2015 It may still be shaking off the effects of a £1.5bn black hole in its balance sheet, but The Co-operative Bank is already looking to the future, after it announced plans for a £1m boost to the UK's co-operative sector. In a statement today, it said it had agreed a three-year partnership with Co-operatives UK [...]
What emissions crisis? European new car registrations jumped in September – and people were desperate for Volkswagens October 16, 2015 While politicians and those at the top of Volkswagen wring their hands in anguish over the emissions cheating scandal, it turns out the rest of Europe just sort of shrugged and got on with it, after new figures showed the number of new VWs registered in Europe jumped 8.3 per cent in September. Lest we forget, [...]
