Ladbrokes the real winner from Leicester City’s Premier League triumph August 4, 2016 Euro 2016 and a less-than-predictable Premier League season boosted earnings at bookies Ladbrokes and sent shares climbing 3.8 per cent this morning, as it edges closer towards its £2bn tie-up with Gala Coral. The figures Profits before tax climbed by 61 per cent to £39.8m in the six months to June at Ladbrokes, with operating profits up 34 [...]
At the open: Relief in the City as stock markets stage mini-recovery June 28, 2016 Stock markets recorded their first gain since the UK voted to leave the European Union – jumping in the first few minutes of trading this morning and, crucially, holding on throughout the day. After two days of deep falls and mass trading suspensions, the bluechip FTSE 100 was up 2.5 per cent by lunchtime at 6,131. [...]
Twitter’s share price takes flight on buyout rumours August 3, 2016 Shares in micro-blogging site Twitter have jumped today on rumours former Microsoft boss Steve Ballmer and Saudi investor Prince Al-Waleed Bin-Talal could make a buyout offer for the company. Shares are up by over eight per cent in New York, climbing to $17.72 after falling as low as $15.77 in July. Twitter shares hit an all time low of [...]
London must shake off its complacency over housing and infrastructure if it’s to thrive post-Brexit October 31, 2016 Rarely has a ranking of the world’s greatest cities been released in the past few years without London at its top, or very near it. PwC recently named the capital the world’s best city for opportunity, praising its economic clout, its attractiveness to foreign direct investment, its highly skilled workforce, and its status as a [...]
Going for gold: Transactions for bullion soar ahead of Brexit vote June 21, 2016 The flight to safe havens ahead of the EU referendum has led to a surge in transactions for gold bullion as the 23 June approaches. According to the Royal Mint there has been a 32 per cent jump in the number of transactions compared to last month, as sharp volatility on the stock markets and [...]
UK house prices: MPs form new cross-party group over housing crisis July 27, 2015 Members of Parliament from across the political spectrum have banded together to tackle the housing crisis as a new report shows first-time buyers are bearing the brunt of rapidly increasing house prices. The new all-party parliamentary group (APPG) for housing and planning, which includes Tory and Labour MPs, as well as cross-bench peers, will [...]
Tata Steel holds first board meeting since Brexit vote July 8, 2016 Tata Steel will hold its first board meeting since Britain voted to leave the European Union, with board members widely expected to discuss the future of its loss-making UK business. Business secretary Sajid Javid flew to India for talks with the company last night. It comes amid a report that Tata could "pause" the sale of its main [...]
Rightmove’s shares just jumped after it reported impressive mobile traffic July 27, 2016 Don't write off the UK's property market quite yet: shares in Rightmove jumped this morning, after it reported a surge in mobile traffic. The figures The property portal said this morning that revenues had jumped 16 per cent to £107.9m in the six months to the end of June, while pre-tax profits rose to £80.6m, from £66.6m last year. It signed [...]
Do you have an analogue business in a digital age? November 10, 2016 UK small and medium-sized enterprises (SMEs) are weathering the tempest that 2016 has blown their way, remaining ambitious, while providing a sturdy backbone for our economy during this period of uncertainty. It will surprise few that websites, social media and online marketplaces are a conduit to success, and a driving force behind increasing revenues in [...]
Sellers are shifting their housing stock in record time despite Brexit worries June 20, 2016 The time it takes to sell a house has hit a record low, as Britain's housing market continues to prove its resilience despite the backdrop of the EU referendum. The uncertainty of the outcome of the vote doesn't seem to have deterred buyers; property website Rightmove said today sellers only have to wait an average of [...]