Christopher Niehaus was a managing director at Jefferies when he bragged to pals about how he might pocket a bonus big enough to pay off his mortgage.
The group, which supplies restaurants and convenience stores, reported a 0.7 per cent growth in sales in the 12 weeks to March 24, down from 3.2 per cent in the previous three months.
The placing represents 9 per cent of AO World’s existing shares, which have more than halved since its flotation in 2014.
Staff at its Italian arm were said to have warned their supervisor in Madrid long before the telecoms giant told investors about the irregularities.
The company, which says it offers ‘the very best prices’ if guests are willing to ‘sacrifice a bit of luxury space’, could be forced to sell the Old Street Hotel in London.
A subsidiary will go through a change which will not involve major job moves. The mutual can then serve customers within the bloc even if Britain leaves without a trade deal.
The pair’s stock in Genel Energy has plunged in value as its main oil field turned out to be less lucrative than thought.
The giant is opening the first Arket store in London this autumn. It is part of a drive to open more upmarket stores in countries where sales are flagging.
Speaking for the first time since taking on the post 12 weeks ago, Nickolds said she wanted more manufacturing brought back to the UK.
Shareholders, which include the Chinese and Qatari sovereign wealth funds, will invest the cash in 2019 with plans including expanding Terminal 2 and a new access road.
The factory will produce around 30,000 tons a year of specially treated wood chips for the construction industry. It will be located at BP’s chemicals site in Salt End.
Nigel Wilson has five very good reasons for helping women smash the glass ceiling at Britain’s biggest companies: his troop of daughters, now aged between 20 and 33.
Lululemon’s earnings report may be the latest sign of a the end of rapid growth in the market for ‘athleisure.’
Gold is poised for another good year for international investors. It has faced a bumpy ride during past few months but after initial dip following election of Donald Trump as US President, price of th
Delinquencies on auto loans are rising to worrying levels in some southern cities.
Icra said, domestic sugar consumption is expected to fall by 4% compared to SY16
With at least three IPOs in offing this year, stock market investors have a lot to look forward to
The fund has outperformed in all the market phases, except the post-Subprime crisis
Unlike fellow Detroit based competitor General Motors, Ford Motor Company (NYSE: F) is confident about the upside in its Europe operations. Recently, GM announced the sale of its European car brand Op
The Mumbai-based bank raised about $750 million through the sale of new shares at Rs 1,500 each
Michael Dell, market whisperer?
The rupee showed signs of fatigue after a three-day stellar rally and ended almost flat at 64.92 against the US currency. Renewed demand for the greenback from importers alongside the dollar’s gai...
Capital One is likely to complete the acquisition of outdoor retail giant Cabela’s credit card portfolio without running into any regulatory issues this time around thanks to the involvement of Synovu
NCDEX has levied an additional margin of 5 per cent on cumin seeds (jeera) and 2.5 per cent on coriander (dhaniya) due to a sharp run up prices in the last few days.The overall margin on coriander wi
Comex gold futures dipped on Thursday as the dollar strengthened, but economic uncertainty around Britain's departure from the European Union and the approaching French elections capped losses. Comex
Pepper futures moved up on Thursday on anticipation of good buying support at premium prices while the spot remained steady on limited activities, market sources said. On the terminal market 12 tonne
Sugar prices continued to rule weak at Vashi on Thursday on eased demand amid higher DO reselling pressure. On Wednesday evening 10-12 mills sold 18,000-20,000 bags at ?3,810-3,850 for S-grade and ?.
Adverse weather in many producing countries is taking a toll on black tea output.“Our compilation of the latest official data from different countries shows that the world black tea production so fa.
The lead futures contract on the Multi Commodity Exchange (MCX) has been consolidating in a sideways range between ?145 and ?155 per kg for more than a month now. A breakout on either side of ?145 or
The outlook for the stock of Finolex Industries is bullish. Investors with a short-term perspective can consider buying the stock at current levels. The stock surged 3.5 per cent on Thursday breaki..
Post-issuance, promoter shareholding likely to come down by over 1%
Farm Ministry will work with exporters on safer alternatives to methyl bromide
Corporate guidance for FY18, update on monsoons will provide near-term direction
At the final bell the FTSE 100 was off just 4.2 points at 7,369.5, while the pound was up 0.3 per cent against the dollar at $1.248.