Boeing fast off the runway as it leaves Airbus trailing on orders April 7, 2015 Boeing started the new year at cruising altitude by beating arch-rival Airbus for new plane orders in the first quarter, it was revealed yesterday. While Airbus recorded 121 new orders, it came unstuck when the Toulouse-based aviation firm was forced to concede that 20 orders had been cancelled, leaving its net booking behind Boeing’s 110 [...]
Deflation sets in as shop prices fall even faster April 7, 2015 Shop prices fell at a record pace in March, with clothing and electrical prices diving, and food prices falling faster than ever before. Overall prices fell by 2.1 per cent on the year, according to the British Retail Consortium (BRC), with food prices falling by 0.9 per cent. Those are both the fastest declines in [...]
Afren gets Roc Oil boss Alan Linn to lead turnaround plan April 7, 2015 Troubled oil firm Afren confirmed yesterday that Alan Linn had been appointed as chief executive after the company completes a $300m (£202m) funding deal with its lenders. Afren was forced to dismiss its chief executive Osman Shahenshah and finance chief Shahid Ullah in October last year after reports that they had been receiving unauthorised payments. [...]
Mark Carney fears UK at risk from Greek contagion April 7, 2015 Britain’s banks and insurers could be in danger if Greece leaves the Eurozone, the Bank of England warned yesterday. The UK is not heavily exposed to Greece itself, but if it exits the single currency then it could cause financial panic in other indebted economies like Spain and Italy, which would then hit Britain hard. [...]
Panmure Gordon: Tight General Election race is good for investors April 7, 2015 A close General Election leading to another coalition government is good for stock market investors, economists at Panmure Gordon said yesterday, defying the conventional wisdom that this would bring bad uncertainty. In a boost to the Liberal Democrats, the analysis argues that both Labour and the Conservatives have policies which would damage the economy, while another [...]
Rangers shares cancelled on Aim and Dave King gets closer to chair role April 7, 2015 Scottish football club Rangers has ceased trading on Aim. The club’s admission to trading on the junior market was cancelled yesterday, after it announced last week that it was suspending its shares ahead of a move to the ICAP Securities & Derivatives Exchange, also home to Arsenal Football Club. Meanwhile, South Africa-based businessman Dave King [...]
UK regions lift European real estate prices April 7, 2015 European commercial property prices grew by a record 7.8 per cent in the fourth quarter of last year, fuelled by the ongoing recovery in the UK’s regional property markets. Figures out yesterday by property adviser DTZ show that prices rose by 20 per cent for the year overall thanks to a record last quarter, when [...]
Half of British men do nothing for charity, says new report April 7, 2015 Almost half of British men do not contribute anything to help charitable causes, according to new research from the Charities Aid Foundation (CAF). 48 per cent of men don't engage in volunteering, donating or sponsoring in a typical month. The figure differs radically for women, with 63 per cent engaging in some sort of charitable [...]
Savills chief executive Jeremy Helsby takes home £2.2m after record year April 7, 2015 The property market may be something of a minefield to navigate currently, with supply pressures and low interest rates on the one hand and the mortgage market review and the threat of new taxes on the other. But there are no jitters at upmarket estate agent Savills, which awarded its executive directors a healthy jump [...]
Afren share price jumps on confirmation Alan Linn will become new chief executive April 7, 2015 Embattled oil firm Afren has confirmed speculation that Alan Linn is the anointed one, saying he will become chief executive and concluding a six-month search. Shares in the Aim-listed company shot up seven per cent as investors were buoyed by the news, which signals a return to less choppy waters. Afren said Linn, formerly the [...]