Mastercard beats earnings estimate as consumer spending holds and cross-border transfers rise January 26, 2023 Consumer spending holding strong and a jump in cross-border payments helped Mastercard beat analyst’s earnings estimates for the last quarter, the company said today. At $2.62, Mastercard’s earnings per share was slightly higher than analyst estimates, while profit rose six percent in the period to $2.5bn, matching expectations, the firm said in its quarterly earnings [...]
The Notebook: Victoria Scholar on the economy, Ryanair, and Spoons September 5, 2023 Do you want the good news or the bad news first? I’ll start with the good.
Phoenix: Bitcoin investment firm eyes share buyback as crypto hoard grows April 2, 2024 Crypto-focused investment firm Phoenix Digital Assets has seen its assets boom over the last three months as crypto prices have soared.
Booming demand for London’s legal market drives record number of City partner moves in 2023 January 8, 2024 Law firms’ partner CVs were flying around the City in 2023, as the year saw the highest number of job moves ever recorded. According to data provided by legal recruiter, Edwards Gibson, there were 510 partner moves recorded over 2023. This figure is up six per cent on the 480 partner moves recorded over 2022, and [...]
Wandisco loses out on bookings as it tries to swivel fortunes with rebrand September 11, 2023 Wandisco – soon to be known as Cirata – has reported a loss in bookings for the first half of the year after the company has battled off crisis after crisis. Shares in the scandal stricken company plunged nearly eight per cent at market open on Monday morning after it said bookings – the total [...]
FTSE 100 kicked higher after encouraging US inflation figures November 10, 2022 London’s FTSE 100 today was goosed by US inflation finally showing signs it is markedly slowing down and may have even peaked. The capital’s premier index climbed 1.08 per cent to 7,375.34 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, surged 3.9 per cent [...]
Co-op warns cost of living crisis will eat into future profits as food to funeral care firm feels pain of inflation April 5, 2023 The Co-operative Group has warned that ongoing inflation and economic uncertainty is likely to reduce its profits in 2023. The food, insurance and funeral care provider revealed its underlying profit remained flat at £100m for the year while EBITDA was down £15m to £490m compared to £505m in 2021. Group revenue for the year was [...]
UK house prices fall by £4.5k since October amid ‘sharply’ slowing growth December 1, 2022 House price growth in the UK slowed “sharply” last month, representing the biggest monthly drop in value since June 2020, according to the latest data. The average cost of a home has fallen by 1.4 per cent since October – the equivalent of around £4,500, to £263,788, Nationwide’s house price index has revealed. Across the [...]
Unaffordable Christmas meals loom as food inflation skyrockets to record 12.4 per cent November 30, 2022 It has emerged that food inflation has surged to 12.4 per cent to hit a new record amid predictions of dampened Christmas cheer and an “increasingly bleak” winter. Overall shop prices are now 7.4 per cent higher than last November, up from 6.6 per cent in October, to set another record since the British Retail [...]
Would the rumoured inheritance tax cut see an exodus from AIM? November 22, 2023 Rumours have been swirling that the inheritance tax rate might be cut in the autumn statement. What could this mean for AIM?