Wednesday, 3 Jul 2024

Business

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Unsellable and unmortgageable – how builders carved up the housing market

Property developers used buyers as cash machines to boost profits, while leaving them with homes they are unable to sell or remortage. That's according to a new report that looked into how builders used controversial leasehold sales to get extra cash out of buyers for years to come. And it's high time an official investigation […]

Asian shares steady as Fed looms, May's Brexit deal in chaos

TOKYO (Reuters) – Asian shares held to tight ranges on Tuesday ahead of a Federal Reserve policy meeting, but were broadly supported near 6-1/2-month highs on expectations the U.S. central bank might strike a dovish tone, while fresh Brexit worries weighed on the pound. European shares were expected to open slightly lower, with financial spread-betters […]

Applegreen revenue and earnings jump on the back of acquisitions

Revenue at petrol forecourt retailer Applegreen jumped 41pc to €2bn last year, according to annual results from the group. The group’s gross profit increased by 55pc over the same period to €282.3m, while adjusted earnings before interest, taxation, depreciation, and amortisation increased by 46pc to €58.1m in the 12 months to 31 December 2018. Excluding […]

A Mar-a-Lago Weekend and an Act of God: Trump’s History With Deutsche Bank

As President Trump delivered his inaugural address in 2017, a slight woman with feathered gray hair sat listening, bundled in a hooded white parka in a fenced-off V.I.P. section. Her name was Rosemary T. Vrablic. She was a managing director at Deutsche Bank and one of the reasons Mr. Trump had just taken the oath […]

Cadbury Proposes a Treasure Hunt. Archaeologists Are Horrified.

Anyone with a sweet tooth might do any number of things for a taste of chocolate. Looting protected archaeological sites probably should not be one of them. That apparently was not so obvious to the British candy maker Cadbury. The company recently marketed its Freddo Treasures chocolates with an advertising campaign that urged consumers to […]

Can Sophisticated Investors Be Defrauded? Courts Keep Ruling No

Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________ Can a tough negotiation stance cross the line into fraudulent conduct? That was the key question in the fraud prosecution of Robert Bogucki, a former Barclays trader. This month, Judge Charles R. Breyer of Federal […]

Asia shares, bonds count on Fed to be accommodative

SYDNEY (Reuters) – Asian shares pulled ahead on Monday while bonds were in demand globally on mounting speculation the U.S. Federal Reserve will sound decidedly dovish at its policy meeting this week. Japan’s Nikkei .N225 advanced 0.59 percent, and MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.6 percent. Shanghai blue chips .CSI300 […]

Asia shares, bonds buoyed as Fed seen dovish

SYDNEY (Reuters) – Asian share markets crept ahead on Monday while bonds were in demand globally on speculation the U.S. Federal Reserve will sound decidedly dovish at its policy meeting this week. Japan’s Nikkei led the way with a rise of 0.7 percent, and MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 […]

Exclusive: Eldorado Resorts, Caesars explore merger – sources

(Reuters) – U.S. casino operators Eldorado Resorts Inc and Caesars Entertainment Corp are in the early stages of exploring a merger, people familiar with the matter said on Sunday. The deal talks come after Caesars agreed this month to give billionaire investor Carl Icahn, who has been pushing the company to sell itself, three board […]

New Eddie Rocket's boss hungry to beef up regional presence

Fast food group Eddie Rocket’s plans to bring its outlets to Galway, Cork and Limerick cities as part of its domestic expansion, its newly-appointed managing director has said. The company has 51 outlets, including one in Germany, but intends to add more both in Ireland and abroad. Speaking to the Sunday Independent, Adrian Crean said […]