De Beers, the world’s largest diamond company, is to leave its UK headquarters after almost a century, as parent company Anglo American trims costs.
Anglo American got off lightly.
Is Margrethe Vestager, the EU competition commissioner, on a mission to undermine Google?
Banks, miners, energy groups and building materials specialists are among companies in shareholders’ sights as discontent mounts over exorbitant pay deals for boardroom bosses.
Anglo American has suspended its dividend and announced plans to cut its workforce by more than 85,000 as mining firms react to the plunging price of iron ore and other metals.
Morrisons was late to the convenience store game, then paid too much for shops in poor locations after Tesco and Sainsbury’s had spent a decade grabbing the prime pitches. That, roughly speaking, is how Morrisons’ 140 local M stores recorded an operating loss of £36m last year.
Two London-listed mining groups are poised to slash up to 12,000 jobs as commodity prices slump to levels last seen during the global recession of 2008-09.
Investors continued to be nervous about Greece’s precarious financial situation, with an agreement between the cash-strapped country and its creditors seemingly as far away as ever, despite the deadline for a deal rapidly approaching.
The mystery in the tale of Barclays' latest bonus bonanza is that institutional shareholders are not screaming their complaints from the rooftops. Give it time.