IEA: Global oil oversupply to shrink “dramatically” this year May 12, 2016 The International Energy Agency expects the global oversupply of oil to shrink "dramatically" this year. In its monthly report released today, the IEA said: "We note that OECD stocks grew in first quarter of 2016 at the slowest pace since last quarter orf 2014 and in February they declined for the first time in a year." [...]
Women on boards: Could creating a Female Stock Exchange be a way to redress the balance? April 26, 2016 Frustrated by the FTSE 350’s “one step forward, two steps back” progress towards getting more women on boards, I’ve had an idea. Why not create a Female Stock Exchange dedicated to helping companies run by or for women to raise finance and grow? Let’s face it, thanks to uncertainty over Brexit, the City is already in flux, a [...]
Sophos operating loss position widens despite rising revenues, thanks to IPO costs May 26, 2016 Losses at Sophos Group widened during the year to March, the IT security company announced today. The company announced that its operating losses had grown to $32.7m (£22.2m), compared with $500,000 the year before, thanks to $41.9m of exceptional costs – including those associated with the company's recent IPO – being booked during the year. Sophos' [...]
New Women’s Business Council chief Cilla Snowball says more needs to be done for female empowerment in UK firms July 8, 2016 Female representation on FTSE100 boards has risen from 12.5 per cent to 26 per cent in a year according to a report released yesterday. The latest Female FTSE Board Report by Cranfield University, City University London and Queen Mary University London also shows that, overall, the percentage of women on all FTSE boards has increased since [...]
Executive pay not so safe at Paysafe as shareholders revolt May 25, 2016 This year's shareholder spring claimed another victim today, with Paysafe Group shareholders voting against the directors' remuneration report. At the online payment services company's AGM, which took place on the Isle of Man, only 48.3 per cent of those who cast their ballot voted in favour of the remuneration report. However, 87.6 per cent voted in favour [...]
Investment Association issues stern warning to kitchen sink companies May 22, 2016 The Investment Association late last week fired a warning shot to companies which rejig their profit forecasts as soon as a new management team is appointed, essentially washing the business' value down the drain. The association, which represents unit trust and investment fund managers, has issued a letter to chairmen at FTSE 350 companies, telling them that they [...]
Storm clouds are gathering – but Osborne hasn’t fixed the roof May 24, 2016 Uncertainty caused by a potential Brexit in the run up to June's crunch vote may be creating a smokescreen as far as the UK economy is concerned: the reality could be far worse than a few pre-referendum jitters. Recent economic data and surveys reveal some worrying signs about the economy's underlying performance. Profits at the UK’s [...]
Carillion joint venture nabs £160m contract for development in Dubai’s central business district January 4, 2017 A Carillion joint venture has bagged a £160m contract to build a real estate development in the heart of Dubai's central business district. Al Futtaim Carillion has been awarded a contract by the Dubai World Trade Centre to deliver the latest phase of real estate development One Central, located between the Emirates Towers and Dubai [...]
FTSE companies are depressed about the economy – but they don’t really care about the upcoming EU referendum and the risk of Brexit May 23, 2016 FTSE 350 firms are pessimistic about the UK economy, but the prospect of Brexit doesn't seem to have fazed them, according to a new survey out today. Companies' confidence in the country's economy is at its lowest ebb since 2012, with just 12 per cent expecting an improvement over the next 12 months. This is down from 40 per cent [...]
Seven things we’ve discovered so far this year about cybersecurity June 4, 2016 Next week, technology experts will flock to West London for Infosecurity Europe – one of the largest information security exhibitions. If you're going and are worried you'll run short of water cooler conversation topics to discuss with your fellow delegates, here's seven things that have come to light about cybersecurity so far this year: Cybersecurity is [...]