Government sells further stake in Lloyds Banking Group
Sale of shares takes taxpayer’s stake in bailed-out bank to less than 13% The government has sold 1% of its stake in Lloyds Banking Group to reduce its ownership of the bailed-out bank to less than 13%. UK Financial Investments, which manages the government’s stakes in Lloyds and Royal Bank of Scotland, has reduced its […]
Global stocks sell-off deepens as panic grips markets – live
Shares, commodities and currencies under pressure. Australia share market has worst day in four years Asia Pacific markets continue sell-off Nikkei in Japan down 4.25% Chinese market down nearly 8% . Follow live updates with Martin Farrer 2.00pm AEST 1.57pm AEST Continue reading… Source: The Guardian Circular Economy RSS
Asia-Pacific share market plunge triggered by jitters over China
Banks and mining companies hardest hit in Australia, but Japan’s Nikkei and South Korea’s Kospi both slumped in early trading Fears of a slowdown in the Chinese economy sent Asia-Pacific stocks plummeting on Monday, days after Wall Street suffered its biggest one-day loss in almost four years. Related: Global stocks sell-off deepens as panic grips […]
Australian share market tumbles at start of trade after global markets fall
The benchmark S&P/ASX 200 falls 2.4% in first 20 minutes as stocks across the board affected by global worries about China, Greece and oil The Australian share market has plunged at the start of trade, with losses felt across the board from banks to resources stock as uncertainty grips global markets. The benchmark S&P/ASX 200 […]
Deloitte partners share £593m profit pool as consultancy revenues surge
Accountancy firm’s 721 partners will receive an average payout of £822,000, up almost 10% from £750,000 last year – the first increase in three years Partners at Deloitte, one of Britain’s biggest accountancy firms, will share a profit pool of £593m after a surge in revenues from its consultancy business. The profits mean that 721 […]
Australian stock market predicted to open 2% lower following US losses
Economist says Australia is in better shape than others to weather the global market turmoil fuelled by China’s slowing economy Related: Global market turmoil in six charts Australia’s share market could drop more than 2% on Monday after heavy losses on world stock markets driven by fears about China’s slowing economy. Continue reading… Source: The […]
Persimmon's managers to share £240m, with £20m for Mike Farley
Former boss will enjoy payout at housebuilder that mirrors one at Berkeley Homes as Britain endures housing crisis that is pushing up prices and rents Mike Farley, the former boss of Persimmon, is to collect nearly £20m in shares this December, part of a £240m payout lined up for managers at the housebuilder. At least […]
British berry sales soar as liquidiser revolution whirls on
Blueberries and raspberries sales up as newer, robuster varieties bring greater yields and liquidisers such as Nutribullet fly off the shelves It is the liquidiser revolution that is changing what we eat: sales of blueberries and raspberries are soaring as health-conscious shoppers embrace smoothies as a short cut to consuming one of their five portions […]
Digital fabrication does away with housebuilding headaches
Facit Homes removes some of the mess and chaos of traditional construction by using wood – and a computer system focusing on precision and efficiency With a large tract of land behind their end-of-terrace Victorian house in south London, married couple Terry Green and Mickey Dell had long wanted to build on it a modern […]
Linkin Park bets on hybrid theory that they can be tech start-up investors, too
The enormously successful rock band has teamed up with Harvard Business School for Machine Shop Ventures, their newly formed investment firm Aging rockers used to buy pubs in rural England or get interested in organic farming. Not Linkin Park. The band behind Hybrid Theory, 27m copies sold since its release in 2000, have their eyes […]