A country is in pretty dire straits if its stock market surges when the army starts intervening in the government. Welcome to Pakistan, where this was just what happened yesterday after a fortnight of increasingly bitter anti-government protests had sent investors fleeing.
Ruby McGregor-Smith hated the media frenzy that came with her appointment as the first-ever Asian female chief executive of a FTSE 250 company so much that she vowed never to do any of that “gender women’s stuff”.
Employees in finance and insurance – less than 4 per cent of the UK workforce – scooped more than a third of the £40.5bn in bonuses paid out across the economy in the year to April, the Office for National Statistics said yesterday.
Inflation in the eurozone has fallen to a five-year low, reinforcing expectations that the European Central Bank will ultimately take action to avert deflation in the single currency.
Management at Bwin.Party are throwing the kitchen sink at its problems and investors are excited.
It is academic now on whose watch the Tesco crisis began. Were the seeds sown before Sir Terry Leahy, the architect of much of its growth, departed?
Banks face having to reopen up to 2.5 million payment protection insurance mis-selling complaints after the City regulator, the Financial Conduct Authority, said it had concerns about the way in which customers were treated.
Dave Lewis becomes the first outsider to take on the mantel of Tesco chief executive on Monday where he must learn the business quickly, put in place the right team and start overhauling years of mistakes and misadventures conducted by his predecessors. But where to start?
Experts predicted worse still to come at Tesco yesterday after the supermarket giant warned that profits would fall to levels not seen since 2005.
For savvy chief executives, it’s the oldest trick in the book: Join the company, take a quick look at the books, then slag off the dismal legacy you’ve inherited, declaring it’s in a far worse condition than anyone could have guessed.
The Russian rouble weakened to a new low on Friday as tensions between the Kremlin and the West over Ukraine intensified.
US consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Income growth also slowed in July.
The purveyor of €6,000 Birkin handbags has beaten forecasts with half year operating profit up 6.3 per cent despite currency exchange issues.
There's a new chief Angry Bird.
Europe edged closer towards the deflation abyss on Friday as the inflation rate across the single-currency bloc fell to a five-year low of just 0.3 per cent.
Shares in Tesco plunged to an 11-year low in early trading as the City deserted the supermarket giant after its second profit warning in just over a month threatened to wipe out a decade of UK profit growth.
Magnolia Bakery, the quintessential New York cupcake shop, has opened its first store in Moscow seemingly ignoring the tensions between the Kremlin and Washington over Ukraine.
Malaysia Airlines is set to slash 6,000 jobs and stop trading as a public-listed company in a major structuring in an effort to stay afloat following two air disasters.
Supermarket giant Tesco has issued a profit warning and rushed in its new boss Dave Lewis as it battles against declining sales.
The AA’s chief executive and finance director both quit yesterday, just two months after Britain’s largest roadside-assistance group joined the London Stock Exchange.
Deutsche Bank in London has been fined £4.7m by the City watchdog for incorrectly reporting tens of millions of transactions in a way that meant the regulator would have been unable to detect any market abuse or insider trading.
Outlook When it comes to getting finance into the hands of small business, the Funding for Lending scheme has been a flop.
Outlook And so the fines continue. Deutsche Bank is the latest to make a contribution to HM Treasury’s coffers. The Chancellor’s been giving the cash to military charities. No don’t laugh, we should have got past all those war jokes by now.
Outlook The AA’s boss Chris Jansen has all of a sudden found himself in the position that his customers hire his company to get them out of.
A few weeks ago, America’s biggest bank was hacked. Nimble computer whizzes scaled JP Morgan’s complex digital ramparts and found themselves sitting at the heart of a US institution with assets worth $2.5 trillion. Several gigabytes of data were taken, though the bank insists it has not yet seen unusual levels of fraud.
For traditionalists of the French Socialist Party, the appointment of Emmanuel Macron as Minister of the Economy is an act of betrayal.
Louis van Gaal’s stuttering start as Manchester United manager is helping the bookies strike back against the punters, the head of Paddy Power said yesterday.
Parents can breathe a sigh of relief. The pricey casual fashion brand Abercrombie & Fitch, and its stablemate Hollister, have been dumped from the teen wishlist.
After a bleak start to the year, the U.S. economy rebounded vigorously in the second quarter, growing at a brisk annual rate of 4.2 per cent, slightly faster than first estimated.
Malaysia Airlines is set to undergo the most radical restructuring in its history, with a quarter of its staff axed and routes to Europe and China slashed as the tragedy-struck carrier fights for its survival.