Updated: Fri, 17th Feb. 06:10:41
(ShareCast News) - Business Secretary Greg Clark is travelling to Paris this evening for urgent talks with Peugeot executives and the French government about the future of thousands of Vauxhall employees in Britain. General Motors - the parent company of the Vauxhall and Opel - is in negotiations about a sale of the marques to PSA Groupe, the French owner of Peugeot. - The Daily Telegraph
The scandal-hit bank that loaned hundreds of millions of dollars to Donald Trump has conducted a close internal examination of the US president's personal account to gauge whether there are any suspicious connections to Russia, the Guardian has learned. - The Guardian
Spending on alcohol and cigarettes has almost halved in 15 years as Britain becomes a more clean-living nation. The amount spent by families on alcoholic drinks, tobacco and recreational drugs fell to its lowest level since modern records began, costing the typical household £11.40 a week last year compared with nearly £20 in 2001-02, according to the Office for National Statistics. - The Times
Argos is to stump up more than £3m in back pay and fines after an investigation revealed that thousands of workers at the catalogue retailer had been paid less than the minimum wage. One day after Debenhams was "named and shamed" by the government for underpaying staff, Argos said it had discovered that 37,000 workers had been underpaid over four years. - The Times
Nearly three-quarters of small companies in London say business rates are the most important issue they face, piling further pressure on the government over the controversial tax. The Federation of Small Businesses (FSB) warned that London was in "serious danger of losing its vital support system of micro and small businesses". The average micro business, which employs fewer than 10 people, will have to pay £17,000 to cover business rates from April, it added. - The Guardian
As many as 162,000 people set to retire this year will do so weighed down by debts, worrying new research has found. Of the 650,000 workers who will stop working through 2017, one in four will be forced to use their pensions to pay off loans worth an average of £24,300 and many fear they will never clear what they owe. The numbers fearing a debt-laden retirement is a record high, according to an annual survey of 10,065 workers by pension giant Prudential. - Daily Express
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They say “breaking up is hard to do” but in financial market break-ups spinoffs can be very profitable and give companies a new lease of life.
A spinoff is the creation of an independent company or in some cases more than one company through the sale or distribution of new shares of an existing listed company to shareholders holding the parent company at a certain date.
Three years ago I came up with the concept for a investment-focused podcast for the ShareTalk website I work on, called Conkers' Corner after my Twitter handle of @conkers3, and five months ago the first recording was made. Below are some of the lessons I have learned or have been reinforced during these years.
The concept of Conkers' Corner is very simple yet extremely educational and beneficial for all: the participants in the podcasts and interviews since I started in May 2016 have included shrewd investors/traders, ISA millionaires, high net worth individuals, business leaders, CEOs, highly respected fund managers and investment writers.
There’s a great debate in the financial industry about which type of analysis produces the best results for traders - is it better to be a technical trader or to rely on the fundamentals?
Is there a common ground between the two? We’ve all heard the phrase All roads lead to Rome. In this article we’ll explore whether this applies to the financial markets.
Graham Spooner, investment research analyst at the Share Centre, picks three top shares among the most popular purchases by equities clients in the last seven days.