Air France jobs cuts: Workers chase and rip shirts from executives after airline announces 2900 job losses October 6, 2015 Air France managers were forced to flee a meeting yesterday about mass job cuts after angry staff waving banners and flags stormed the room. The airline’s human resources and labour relations chief Xavier Broseta had his shirt ripped off and his tie hanging from his neck as he battled through crowds of workers, some of [...]
FTSE 100 climbs as Glencore digs itself out of hole – London Report October 6, 2015 Britain’s top share index rose nearly three per cent yesterday, with a surge in Glencore after a volatile week leading mining companies higher. The blue-chip FTSE 100 index jumped 168.94 points, or 2.8 per cent, to 6,298.92 points, with every stock in positive territory. The FTSE 100 is still down over 11 per cent from [...]
Lloyds privatisation: 62,500 register for Lloyds shares on first day October 6, 2015 It turns out George Osborne's announcement yesterday that the government will make "at least" £2bn of Lloyds shares available sent retail investors into a frenzy: 62,500 have registered their intention to buy shares in the bank, Treasury sources have suggested. In contrast to the Royal Mail privatisation in 2013, where institutional investors were prioritised, yesterday the chancellor [...]
LinkedIn owes users $13m for sending too many annoying emails October 5, 2015 “Hi, I’d like to add you to my professional network on LinkedIn.” If you’ve ever signed up for LinkedIn, chances are you are more than familiar with the never-ending stream of emails coming from contacts. So many, in fact, and so annoying, that a US judge has ruled that LinkedIn must pay out compensation to [...]
APR Energy share price soars amid takeover talks October 5, 2015 Shares in struggling temporary power provider APR Energy shot up as much as 90 per cent today after the company revealed it was in takeover talks. The London-listed firm, which rents out turbines and generators, usually in developing countries, said it was in talks with a group of investors comprising Fairfax Financial, Acon Investments, and Albright Capital [...]
American Apparel files for bankruptcy to cut down debts October 5, 2015 US clothing retailer American Apparel has filed for bankruptcy protection as it attempts to shake-off its debt-pile and rebuild its reputation following a series of scandals relating to founder and former chief executive Dov Charney. The teen-focused chain, known for overpriced jersey basics and risque advertising, said it has struck a deal with 95 per [...]
These are the world’s most valuable brands: Apple and Google winners in ranking dominated by tech industry October 5, 2015 Apple has been named the world’s most valuable brand, followed by Google and Coca-Cola, once more topping Interbrand’s annual ranking. The tech industry dominates the ranking, as more than half of the world’s top ten brands are technology companies, according to the Best Global Brands report published today. Bullish earnings and record-breaking sales of the [...]
Rolls-Royce share price rises as more job cuts announced October 5, 2015 Rolls-Royce has announced it will cut 400 more jobs in its marine business, as it attempts to reduce company costs in the face of falling oil prices. The cut, which will be completed by the end of the year, is in addition to the 600 job losses announced in May. The job cuts [...]
Ryanair’s passenger numbers soared in September October 5, 2015 The number of passengers flying Ryanair has soared 12 per cent, with 9.55m traveling on the Irish airline in September, compared with 8.49m last year. Load factors – how many seats were filled – increased four percentage points to 94 per cent. "These record monthly numbers and load factors are due to our lower fares, [...]
Glencore share price leaps 72 per cent in Hong Kong October 5, 2015 Shares in troubled miner Glencore surged as much as 72 per cent to HK$18.36 during trading in Hong Kong today. In a statement this morning, the company said it was "not aware" of any reason behind the price rises. The board confirms that it is not aware of any reasons for these price and volume [...]
