These will be the best-paying jobs for graduates in 2018 December 22, 2017 Ah, Christmas: the time of year when our thoughts naturally turn to how far our salaries will stretch over the festive period. The good news is that new research has found City employers are still the best payers when it comes to graduate roles, although tech companies are creeping up the list. The study, by [...]
Coincidence? Retailers’ profit margins have been squeezed since Black Friday hit UK shores, KPMG reveals November 24, 2017 The Black Friday phenomenon seems to be sticking around in the UK, as more and more retailers have extended offers on both sides of the big day. But there could be a darker side to the shopaholic frenzy, according to KPMG. Data compiled by the accountancy firm has found that profit margins of the UK’s [...]
Petra Diamonds’ gleaming results fall slightly below analyst expectations January 23, 2017 Sales and production sparkled in the first half of the year for Petra Diamonds, but flat rough diamond prices took a toll on revenue. The figures The diamond and gemstone producer said revenue is expected to increase 48 per cent to $228.5m (£183.5m) in the six months to 31 December due to increased sales volumes. However, it missed analysts' expectations of $236m due to [...]
Businesses issue Theresa May with Brexit ultimatum, warning they’re “extremely concerned” about progress so far November 13, 2017 Business groups have told Theresa May progress must be made in Brexit talks ahead of the critical European Council meeting next month, saying they are “extremely concerned” about what’s been achieved so far. The Prime Minister met with groups including the Confederation of British Industry (CBI) and the Institute of Directors (IoD), as well as [...]
Ted Baker boosts sales against a “tough trading backdrop” January 11, 2017 Ted Baker's share price climbed 2.79 per cent this morning after the luxury brand reported an 18 per cent jump in sales over the festive trading period. Like many retailers, a large chunk of Ted Baker's sales were made online this year. Online sales jumped 35 per cent year-on-year in the eight weeks between 13 [...]
Heathrow boss John Holland-Kaye calls London airport ‘a critical national asset’ as profits and revenues rise October 26, 2017 Heathrow’s boss said today it had become “a critical national asset” as London’s biggest airport posted rising revenues and profits for the nine months ended 30 September. The results come in the same week the government reopened a consultation into Heathrow expansion for the public to view fresh evidence. Read more: London airports will be [...]
Brexit phase two confirmed: Here’s how businesses are reacting to the news December 8, 2017 Business groups have given today’s breakthrough in Brexit negotiations an unequivocal thumbs up – but stressed that the hard work is only just beginning. Theresa May and Jean-Claude Juncker confirmed that the deadlock over the Irish border, divorce bill and citizens rights had finally been broken this morning, allowing the EU side to grant “sufficient [...]
Royal Mail shares tumble as post-Brexit business uncertainty takes a toll on UK letter volumes January 19, 2017 Royal Mail's share price fell nearly five per cent as letter volumes floundered, but it managed to maintain its forecasts for the year ahead due to a strong Christmas period and solid parcel revenue growth. The figures In a trading statement today, Royal Mail said group revenue was flat for the first nine months of the year, but it [...]
Revolution Bars rejects Slug and Lettuce owner Stonegate’s takeover bid October 17, 2017 Shareholders in Revolution Bars have voted against a takeover bid from Slug and Lettuce owner Stonegate Pub Company. Shares in Revolution dropped over 11 per cent to 166p following the decision to reject the 203p per share offer. Over half of the votes cast opposed the bid, with 53.8 per cent against and 46.3 per [...]
FTSE 100 closes above 7,200 for first time ever to end first week of 2017 on a high January 6, 2017 The FTSE 100 ended the first week of January on a high as it closed above 7,200 points for the first time ever, driven by healthy US jobs data and strong performances in the defence sector. London’s blue chip index has posted consecutive record closes since 22 December, and built on its winning streak on [...]