Foxtons, Sainsbury's and Cobham: Today's City headlines

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Troubled defence giant Cobham’s shares nose-dived to a record low earlier after the group’s new management suspended the company’s prized dividend in the wake of its third profit warning in 12 months. 

London estate agent Foxtons bore the brunt of the capital’s slowing property market on Wednesday after a 40% slump in sales at the end of last year.

Sainsbury’s on Wednesday hailed early signs that its £1.4 billion acquisition of Argos, about which many in the City had doubts, has paid off.

As Tullow Oil boss Aidan Heavey took a back seat on Wednesday from the Irish oil firm he founded more than 30 years ago, investors lifted their foot off the buying pedal.

House of Fraser on Wednesday revealed strong sales growth over the Christmas period, but question marks remain over the future leadership of the department stores chain.

Buying film tickets online has put paid to queues in the foyer and given Cineworld customers extra time to spend even more on popcorn than they used to.

The London tech start-up behind the new green laser lights on Boris bikes, has clinched a contract in New York.

The boss of a London-based start-up eyeing the biggest ever float for a British unicorn has ruled out a UK listing.

Recruiter Page was “very lucky” to escape unscathed from ahuge cyber attack last year as it unveiled record results.

Comment

Mitchell Feierstein shares his thoughts on why we must create a “new global banking paradigm” .

Jim Armitage looks at the withdrawal from UK rail by National Express.

In depth

Clare Hutchison gives an insight into the mysterious world of interdealer broking.

Source Article from http://www.standard.co.uk/business/foxtons-sainsbury-s-and-cobham-today-s-city-headlines-a3438091.html

January 12, 2017 |
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