Mothercare, the baby product retailer is set to appoint administrators to its UK business, with over 2, 000 job losses. The company said it had filed a notice of intent to appoint administrators to Mothercare UK and Mothercare Business Services. Mothercare shares fell 23 per cent to 8,7p yesterday morning well below the 19p level…
International Consolidated Airlines (IAG) is buying Air Europa, a privately owned business for €1bn from Globalia. The deal enables IAG to squeeze out costs and avoid the strikes that have plagued its British Airways subsidiary. Air Europa will be added to IAG’s main Spanish airline Iberia so that IAG can make Madrid a bigger regional…
A recommendation by an all-party parliamentary group would bring maximum stakes on slot-machine –style online games to the level introduced for fixed odds betting terminals, slot machine notoriously known as “crack cocaine”. Share in UK betting companies plummeted yesterdays after MPs called for a £2-per-bet limit on online games to combat “public health crisis”…
Shanghai and Shenzhen equities have bounced back from a dismal 2018 as domestic investor confidence grows to put the country’s bourse as the world’s best performer this year. China is on pace to be the world’s best performing major stock market in 2019, with the benchmark CSI 300 Index up by a third as investors…
Saudi Aramco launched its public offering yesterday kicking off Crown Prince Mohammed bin Salman’s ambition to overhaul the kingdom’s oil addicted economy. The IPO, a landmark in Prince Mohammed’s drive on his pledge to modernise the kingdom, was tipped to be the world’s largest, hoping to raise in excess of $60bn with a sale of…
World Vegan day is on November 1st. The Vegan Society says half of all vegans are now aged between 15 and 34 and more adults have switched to a plant-based diet in the last three years. Veganism actually existed more than two hundred years ago in1874. Towards the end of World War II, Donald Watson…
The skin-tight trousers and black leather jacket that Olivia Newton-John worn for the finale of Grease have fetched $405, 000 ( £314, 000) at an auction at Beverly Hills, California which raised a total of $2.4m. Some of the proceeds will go towards Newton-John’s cancer treatment centre in Australia. Grease was released in 1978 and…
The first Wednesday in November each year is International stress awareness day. Stress can be a real killer both in the workplace and in our day to day lives. Stress is excessive pressure which is not good for us. Focus and appreciate what is happening today. One person may not sleep at night, so know…
Jim Simons who is worth $23bn is the greatest money maker in modern financial history, no other investor neither Warren Buffett, Rau Dalio, Steve Cohen, Peter Lynch, or George Soros can touch his record. Since 1988, Renaissance’s signature Medallion fund has generated average annual returns of 66 per cent and earned profits of over $100…
The story intrigue, corruption, betrayal and espionage of how the failure of Jacobites to restore the house of Stuart to the British throne, change the course of history. The book brings to life by spanning lives of mercurial Viscount Bolingbroke and stiff Lord George Murray to the half-mad Charles XII of Sweden and the suave…