London Report: FTSE flat as Pru data counter geopolitical tensions in Ukraine August 12, 2014 BRITAIN’S top shares yesterday were pegged back by tension between the west and Russia over Ukraine, although robust results lifted insurance and pensions group Prudential. The FTSE 100 closed down 0.4 of a point – flat in percentage terms – at 6,632.42 points. A convoy of 280 trucks that Russia said were carrying humanitarian aid [...]
Travel firms take hit as Ebola fear fails to recede – London Report October 8, 2014 BRITAIN’S main equity index fell yesterday as worries about Ebola reaching Europe hurt travel firms and telecoms tester Spirent Communications became the latest UK company to warn on profits. The blue-chip FTSE 100 index closed 13.34 points lower, or 0.2 per cent, at 6,482.24 points, taking its fall from a 14-and-a-half–year high hit last month [...]
10 things we learned this week: From Tesco’s share price and Facebook’s tax bill to cures for Ebola and the EU budget October 24, 2014 What a week. From troubles at Tesco (not least its share price) to Facebook's UK tax bill, we've had a busy front on company news. And when it came to international goings-on, the EU really kept us on our toes, while Ebola continued to dominate the news. Here we digest the top 10 stories [...]
Banks lead the pack as FTSE bounces back – London Report October 6, 2014 GAINS in major bank stocks led Britain’s benchmark equity index higher yesterday, and troubled supermarket group Tesco rose after new board appointments. The blue-chip FTSE 100 index, which fell to its lowest closing level in nearly a year last week, closed up by 0.6 per cent, or 35.74 points, at 6,563.65 points. Among the financials, [...]
Russia moves to retaliate over sanctions by cancelling flights August 5, 2014 RUSSIA is preparing plans to retaliate against the EU after the 28 nations and America imposed heavy sanctions on the country in the wake of the downing of Malaysian Airline MH17 last month. Russian Prime Minister Dmitry Medvedev threatened to take action against the EU yesterday, after the sanctions caused low-cost airline Dobrolyot to ground [...]
London Report: Reed rise offsets Kingfisher crash as FTSE ends up July 24, 2014 THE FTSE yesterday rose, as gains at media company Reed Elsevier helped offset a slump in home improvements retailer Kingfisher. Britain’s main index closed up 0.3 per cent, or 23.31 points, at 6,821.46. Anglo-Dutch publisher Reed Elsevier climbed 4.37 per cent to 980p, after reporting first-half earnings that beat market expectations. British Airways and Iberia [...]
Tui share price rises as it promises 10pc profit growth May 13, 2015 The figures Fresh from its recent merger with its German owner, holiday giant Tui said this morning revenues grew 7.3 per cent to €6.9bn (£5bn) in the six months to the end of March, up from €6.4bn during the same period last year. Its loss on earnings before interest, taxation and amortisation fell 20 per cent, from a loss of [...]
African Minerals and London Mining share prices slump as Ebola outbreak fears rise August 5, 2014 Shares in some Sierra Leone-focused miners on the London Stock Exchange plunged yesterday, amid increasing fears over the spread of the largest Ebola outbreak in history. African Minerals saw the biggest decline, falling 18 per cent by market close, while London Mining slumped eight per cent. Neither company’s operations has been affected by the disease [...]
Where to spend Christmas: From Sydney to Finland, jet off to your dream winter wonderland November 9, 2014 Can’t face another Christmas trying to please the in-laws? Then make good your escape and book a festive trip far from home. Whether you’re looking for an authentic Scandinavian experience or just some respite from the cold, the ideal winter holiday is waiting for you. Here are some of our favourites: MEET SANTA [...]
City Moves for 23 April 2015 | Who’s switching jobs April 22, 2015 N+1 Singer The corporate advisory and broking firm has appointed Nic Hellyer as director in its corporate finance team. He joins from HSBC, where he was managing director and head of its UK mid-market advisory team. Hellyer has also held roles at UBS and KPMG. Standard Chartered Sir Iain Lobban has been appointed senior adviser [...]