M&S chief financial officer quits role as firm slides out of FTSE 100
Marks & Spencer’s chief financial officer has quit weeks after it was announced the firm would drop out of the FTSE 100 for the first time.
Business
Government urged to prevent Thomas Cook collapse
The Government is being urged to step in to help save tour operator Thomas Cook from going out of business.
Juncker Brexit deal comments help markets rise – but not for long
Traders finished the week much like it began, with head scratching and confusion as rumour and counter-rumour left markets swinging wildly throughout the day.
Boohoo sales to continue rapid surge as it outpaces high street rivals
Boohoo investors are expected to cheer rapid sales and higher earnings as the online fashion retailer continues to rapidly stride past its high street rivals.
Tottenham raise all funding for new stadium through major refinancing
Tottenham Hotspur have raised all the funding needed to cover the cost of the team’s new stadium through a major refinancing.
What would happen if Thomas Cook collapsed?
Fears are growing about the future of Thomas Cook. Here the PA news agency looks at some of the key questions if the firm collapses.
Trainline slumps after shareholders sell £285m of shares
Shares in Trainline slid after its former private equity owner and other investors sold £285 million worth of shares in the business.
Sports Direct warns JD Sports’ deal with Footasylum could increase prices
Sports Direct has weighed in on the competition watchdog’s concerns over rival JD Sports’ attempted £90 million takeover of Footasylum.
Eve Sleep and Simba merger called off
The planned merger between online mattress store rivals Eve Sleep and Simba will not go ahead, the companies have said.
Thomas Cook’s first trip was 178 years ago
Thomas Cook is one of the world’s oldest and largest travel companies.
Rolls-Royce faces further delays in solving engine problems
British engineering giant Rolls-Royce is facing further delays in solving problems with its Trent 1000 engines which led to aircraft groundings.
Thomas Cook told to find £200m as it tries to stave off collapse
Tour operator Thomas Cook has confirmed it is seeking £200 million in extra funding as it attempts to prevent a collapse.
FTSE rises as investors enjoy Bank of England’s dovish turn
The FTSE 100 managed to recover most of the value lost in the first half of the week due to the drone attack on two oil facilities in Saudi Arabia.
Airbnb announces plans to go public in 2020
Home-sharing company Airbnb has said it plans to go public in 2020.
Diageo warns over global trade tensions but hails ‘good start’ to financial year
Diageo, the world’s biggest spirits company, warned investors that it is “not immune” to global trade tensions as it hailed a good start to the new financial year.
City Pub Group shares tumble as it ‘reins in’ expansion plans over Brexit
City Pub Group saw shares slump after it said it was “reining in” expansion plans due to Brexit and the potential impact of a no deal.
Debenhams wins legal battle with Sports Direct over CVA rescue plan
Debenhams’ rescue deal with landlords to cut rents and close 50 stores is legal, a judge has ruled.
Bank warns of ‘entrenched’ Brexit uncertainty as interest rates held
The Bank of England kept interest rates on hold at 0.75% and warned “entrenched” Brexit uncertainty risks damaging the economy further.
Ryanair shareholders lash out at Michael O’Leary pay plans
Ryanair boss Michael O’Leary has been given a bloody nose by investors after just half agreed to back the company’s pay plans.
Retail sales dip in August amid drop in online shopping
A healthy retail period dipped in August as UK shoppers bought fewer goods than in July, figures show.
Kier swings to £245m loss in ‘difficult’ year
Under-pressure government contractor Kier has revealed the impact of a “difficult” year as it swung to a £245 million loss, but put faith in turnaround plans to revive its fortunes.
Royal Mail’s Parcelforce arm admits breaking competition law
The Royal Mail Group has admitted a breach of competition law which led to an Ofcom investigation.
JD Sports’ £90m Footasylum takeover could see higher prices, watchdog warns
The competition watchdog has warned that JD Sports’ deal to buy high street rival Footasylum could lead to “higher prices” and “worse choice” for customers.
Rates set to remain unchanged in final MPC meeting before Brexit deadline
Bank of England policymakers are set to leave interest rates unchanged at 0.75% on Thursday in their final monetary policy meeting before the UK is due to leave the EU on October 31.
Developers to have chance to bid for offshore wind sites to power 6m homes
Developers will be able to bid for new sites to generate enough offshore wind to power more than six million homes as the Crown Estate launches a new round of leases.
US Federal Reserve cuts rates again
The Federal Reserve is cutting rates for a second time this year while saying it is prepared to continue doing what it deems necessary to sustain US economic expansion.
FTSE remains flat as traders wait for after hours US Fed interest rate call
International events tend to dominate movements on the FTSE 100, and Wednesday was no different – with traders waiting patiently for the US Federal Reserve’s latest interest rates decision.
Fast food giants move to cut plastic toy waste
Burger King and McDonald’s have both announced they are to remove plastic toys from their children’s meals entirely, or allow customers to swap them out, in an effort to reduce waste.
Burger King removing plastic toys from children’s meals in UK
Burger King is removing all plastic toys from its children’s meals served in the UK from Thursday to save an estimated 320 tonnes of waste annually.
Rates set to remain unchanged in final MPC meeting before Brexit deadline
Bank of England policymakers are set to leave interest rates unchanged at 0.75% on Thursday in their final monetary policy meeting before the UK is due to leave the EU on October 31.