UK economy £100bn smaller because of austerity – thinktank
Ministers urged to provide rescue package for ailing high streets
Paid to wait with Lloyds shares but I’d have been better off elsewhere
It’s tempting to give yourself a pat on the back and say ‘job well done’, but owning Lloyds shares long-term has provided as many lessons in the pitfalls of investing as it has the successes.
Lloyds hands investors £4bn as profits jump: Bank plans massive expansion in the pensions market
The bank will pay an annual dividend of 3.21p per share, or £2.3bn in total, to 2.5m small shareholders. And it will buy back £1.8bn of stock to drive up the share price.
MARKET REPORT: Just Eat rises after major shareholder launches fresh attack on management
Cat Rock Capital, a US investment firm which owns around 2 per cent of Just Eat, has published the transcript of a call it held with analysts discussing Just Eat’s fortunes.
RUTH SUNDERLAND: Watchdog deals a Coupe de grace for the Sainsbury-Asda merger
Mario Puzo observed in his novel The Godfather that, ‘like many businessmen of genius, Vito Corleone learned that free competition was wasteful, monopoly efficient’.
Glencore boss set for £186m windfall
Ivan Glasenberg will be handed the money after Glencore promised a payout worth 20 cents a share to investors. The 62-year-old owns more than 1.2bn shares, or almost 9 per cent of the group.
Intu plunges £1.4bn in value after beleaguered shopping centre owner scraps full-year dividend
The company, which owns 17 sites across the UK, including the Trafford Centre in Manchester, reported annual losses of £1.2bn following the 13.3 per cent slump in the value of its estate.
Former Goldman Sachs banker to be tried in Malaysia over a £2.1bn fraud scandal
Roger Ng is accused of helping officials steal billions of pounds from sovereign wealth fund 1MDB while at Goldman. Ng, 48, was arrested in Malaysia last year at the request of US authorities.
Sainsbury’s boss fights for his job: Shares dive 15% after watchdog’s shock intervention
In a ruling that stunned the City, the Competition and Markets Authority warned that the deal could lead to higher prices and less choice for millions of shoppers.