Berkeley Homes founder Tony Pidgley backs reforms to end land hoarding November 17, 2019 Berkeley Homes chairman Tony Pidgley has backed an overhaul of property laws to end land hoarding in a bid to boost home ownership. Pidgley, the founder of the FTSE 100 housebuilding giant, said land owners and developers should work with local authorities on “planning uplift” to tackle the shortage of affordable homes. Read more: Berkeley [...]
Coronavirus: New York and London slip up in financial centres ranking March 26, 2020 The world’s leading financial centres saw their ratings tumble in an annual survey today as the global coronavirus pandemic saw investors flee for the relative stability of western Europe. New York and London kept their top two positions in the Global Financial Centres Index list, which measures the competitiveness of the world’s financial centres. But [...]
Marks & Spencer’s share price falls as FTSE100 demotion looms May 29, 2018 Pressure is piling on troubled retailer Marks & Spencer, which faces being demoted from the FTSE100 after the index closes today, as its share price tumbled this morning. Officials will reshuffle indices based on close of business market values today, ahead of an announcement tomorrow. As things stand, Mediclinic and G4S both look to be [...]
Pearson holds dividend as school closures hit revenue April 24, 2020 Education publisher Pearson today said it will pay out a dividend for 2019 even as the closure of schools and test centres pushed down revenue in the first quarter. The FTSE 100-listed firm reported a five per cent decline in year-on-year revenue in the first three months of the year, which it said was a [...]
Apple supply chain sinks into red on coronavirus fears February 18, 2020 Shares in Apple slipped more than two per cent in afternoon trading while its suppliers around the globe were dragged into the red after the tech giant warned the coronavirus outbreak would impact its quarterly targets. The iPhone maker last night told investors that it would not meet its revenue forecast of between $63bn (£48bn) [...]
Smiths Group shares jump on the back of strong first quarter growth November 13, 2019 Global technology company Smiths Group today announced that its guidance for the year remained unchanged, based on a strong first quarter performance. Shares in the company rose 3.8 per cent on the back of the update. Read more: Smiths Group spin off ailing medical division into separate business The FTSE 100 company said that revenue [...]
Number of private equity takeovers of UK businesses falls 12 per cent September 16, 2019 The number of private equity acquisitions of UK businesses has fallen 12 per cent this year, from 311 in 2017/18 to 274 in 2018/19, according to data from law firm Mayer Brown. The firm’s corporate co-head Perry Yam said private equity fund managers were delaying investments pending the outcome of Brexit. However, the value of [...]
Hong Kong stocks tumble three per cent on coronavirus fears January 29, 2020 The Hong Kong stock index slumped three per cent overnight in its first day of trading since the coronavirus outbreak intensified over the Chinese Lunar New Year. Coronavirus has now claimed 132 lives while the number of cases has hit 5,974. The jump in deaths has triggered an international response, with British Airways the latest [...]
These are all the Tube stations closed under London coronavirus measures March 19, 2020 Transport for London (TfL) took the unprecedented step of closing down 40 Tube stations today and has also shut down the Waterloo & City line. It is also cutting services on lines such as the DLR, London Overground, trams and TfL Rail, as well as operating a Saturday-style bus service. The drastic measure came in [...]
BT sells Spanish business as it ploughs ahead with transformation plan December 16, 2019 BT today said it has agreed the sale of its Spanish assets to private equity firm Portobello Capital, as the telecoms giant slims down its international business. The FTSE 100 firm said it will continue to have access to the ICT infrastructure, which provides network services to roughly 600 major Spanish companies, through a wholesale [...]