Aldi is launching online shopping in 2016, taking on Tesco, Sainsbury’s, Asda and Morrisons in e-commerce, as discount supermarket reports record UK sales September 28, 2015 Aldi will venture into online shopping for the first time with plans to sell wine online from early 2016, taking on rivals Tesco, Sainsbury's, Asda and Morrisons on new territory. Further non-food "special buys" will follow, and customers will have the choice of having items delivered to their homes or picking them up from third-party [...]
It’s not good to talk: Vodafone’s share price falls as talks with Liberty Global talks terminated September 28, 2015 Telecoms giant Vodafone and US cable provider Liberty Global have terminated talks over a much-anticipated deal. Vodafone's share price has suffered a result of the news, down four per cent in early trading. The two firms have been in discussions for months, but Vodafone has always insisted the pair were simply considering “a [...]
Volkswagen emissions scandal: Standard & Poor’s and Moody’s warn on VW credit rating over car pollution catastrophe September 28, 2015 Credit ratings agencies Standard & Poor's (S&P) and Moody's have both warned over the credit rating of embattled carmaker Volkswagen. "We expect Volkswagen to incur substantial remediation costs to correct the engines of the cars affected and potentially face material fines from regulators. " analysts at S&P said. "Criminal charges in the US may also follow. [...]
Royal Dutch Shell to cease Arctic drilling and offshore oil exploration in the Burger J well in Alaska September 28, 2015 Royal Dutch Shell will cease offshore oil exploration in Alaska, after the company announced plans to retreat from the Arctic due to high production costs. Shell said in a statement it had “found indications of oil and gas in the Burger J well”, but that these were “not sufficient to warrant further exploration”. The oil [...]
1700 jobs go as SSI closes Recar plant September 28, 2015 SSI is closing its Redcar steel plant, with the loss of up to 1,700 jobs, it was announced this morning. Production had been suspended last week as the firm attempted to ride out the collapse of global steel prices. Workers staged a rally over the weekend as they attempted to keep their jobs, saying it [...]
Volkswagen emissions scandal: Bumpy road ahead for VW as probes launched September 28, 2015 Scandal-hit German car giant Volkswagen faces another tough week as several governments are set to launch investigations into the fiddling of emissions tests on its diesel engines. The news comes as it emerges that Volkswagen, already reeling from the backlash over what is known – inevitably – as dieselgate, was warned about cheating emissions tests [...]
SSI facing fuel shortage but still stays silent on plans for Redcar September 28, 2015 The owner of Redcar steel works could be forced to announce its plans for the future tomorrow, when it is expected to run out of fuel. Thai steel firm SSI suspended production at the plant last week, citing rising costs and a slump in demand. Almost 2,000 workers are awaiting more information from the company [...]
Countryside Properties eyes up £1bn return to the stock market September 28, 2015 Housebuilder Countryside Properties is planning to return to the stock market with a £1bn float, over 10 years since it delisted. The company was bought for £222m in 2005 by a joint venture between HBOS, now Lloyds Banking Group, and the founder Alan Cherry. It was subsequently bought by US private equity firm Oaktree Capital [...]
Debenhams set for shareholder leadership coup September 28, 2015 Debenhams is facing further shareholder unrest, with several more of its biggest investors joining broker Cenkos in its attempts to unseat the retailer’s top bosses. Milestone Resources, Schroders and Old Mutual are said to have teamed up with Cenkos, which was last week revealed to be in talks with other shareholders about possibly replacing chairman [...]
Sale of Tesco’s Clubcard business to WPP on the verge of collapse September 27, 2015 Tesco is likely to be forced to give up on the sale of its loyalty card business Dunnhumby as talks with WPP look set to collapse. The advertising agency has struggled to agree a price, according to the Sunday Times. Tesco hired Goldman Sachs earlier this year to look into selling a portion or all [...]
