FTSE 100 index rises over 6,000 mark as it opens sharply higher on oil companies as share price of BP and Shell rise with pharmaceuticals including Shire and AstraZeneca January 13, 2016 The FTSE 100 climbed back over the 6,000-point mark in the first hour of trading today, as the index rose after positive trade data from China helped abate fears of a possible slowdown in the world's second largest economy. Improvements in Chinese export data appear to suggest that while the economy is slowing, things may not be nearly [...]
Police issue advice for 999 calls over Christmas: “Where is the best place to get a bacon sandwich right now” is not an emergency December 23, 2015 "Where is the best place to get a bacon sandwich right now?" This question might seem like an emergency of epic proportions to some people (especially those who have overindulged the night before) but it's really not a matter of life-or-death. However it is just one example of a number of mind-boggling phone calls made [...]
At the close: FTSE 100 index falls further to cap off a bad week January 8, 2016 The FTSE 100 index fell again on Friday, finishing just under 6,000 to cap off a bad week, as concerns over the Chinese economy continued to weigh. "A turbulent start to 2016 has seen investors adopting the brace position, as a combination of factors have driven global markets lower," Richard Hunter, head of equities at Hargreaves Lansdown, said. "With [...]
Sainsbury’s like-for-like sales fell for its first half, but statutory profit is up November 9, 2016 Sainsbury's like-for-like sales excluding fuel fell by one per cent in the its first half as the supermarket faces an uphill struggle to entice customers through its doors. The company eked out more profit however. Sainsbury's share fell at the open, ditching almost five per cent after it warned second half underlying profit is expected [...]
Christmas Tube strike on the cards as RMT ballots London Underground staff October 3, 2016 Bad news for the capital’s commuters – London Underground could be facing a new strike threat just in time for the festive period. Members of the Rail, Maritime and Transport union (RMT) are set to vote on whether to launch a campaign of industrial action in the coming weeks. While union leaders have not yet [...]
Being in the office over Christmas is no fun, say workers, as 84 per cent believe businesses should do more to embrace the spirit of the season December 3, 2015 If you wish you felt more of that festive feeling while at work, you're not alone. A survey by CV-Library shown exclusively to City A.M. discovered that 84 per cent of employees believe businesses should make more of an effort to embrace the Christmas spirit if they cannot shut the office doors for the festive season. Two [...]
Boris Johnson hints Article 50 should be invoked before May 2017 September 25, 2016 Foreign secretary Boris Johnson has indicated Article 50, the official signal for Britain leaving the EU, should be triggered before May next year to avoid Britain having to participate in European elections and send new MEPs to Brussels. Britain is due to participate in electing candidates to the European parliament in elections set for May 2019, but [...]
Cartier owner Richemont share price drops as it reports Christmas sales fall for the first time since 2008 January 14, 2016 Richemont, the owner of luxury brands Cartier, Mont Blanc and fashion house Chloe, has reported sales over the Christmas period fell for the first time since 2008. The world's second biggest luxury goods group's share price fell too: down 2.9 per cent to CHF63.55 (Swiss francs) as markets opened. The figures Revenue, at constant currency rates, fell four per [...]
Game Digital share price plummets nearly 40 per cent as company issues profit warning December 23, 2015 Game Digital's share price plunged almost 40 per cent after the retailer issued a profit warning this morning. The group revealed a 6.7 per cent drop in group gross transaction value (GTV) to £466.8m for the 21 weeks to 19 December, while UK GTV was down 11.4 per cent to £353.5m, despite a boost from Black [...]
High street retailers preparing themselves for a pre-Christmas spending rush December 18, 2015 High street retailers are bracing themselves for a pre-Christmas spending boom, with shoppers tipped to splurge around £4.7bn in stores over the next four days, allaying fears that November’s Black Friday bonanza and the rise of online shopping would keep customers away. Brits will splash out around £5.9bn on last-minute presents and food over the four days starting tomorrow [...]