Why the “flash crash” whistleblower is in line for millions after implicating Navinder Singh Sarao April 23, 2015 The United States federal authorities could make it rain for the anonymous tipster who helped expose tracksuit wearing trader Navinder Singh Sarao who is accused of contributing to the "flash crash" five years ago. Under the US Commodity Futures Trading Commission's (CFTC) whistleblower program, created as part of the government's response to the financial crisis, whistleblowers receive between 10 [...]
Dividend up as revenue grows at Kier Group February 25, 2015 INCREASED confidence among UK businesses helped to push revenue up at construction firm Kier Group, according to boss Haydn Mursell. The company posted an 11 per cent improvement in revenue, up from £1.43bn during the final six months of 2013 to £1.58bn in the same period to 31 December 2014. Profit before tax dipped by [...]
Housing market surge spreads through the UK March 3, 2014 HOUSE prices rose across the largest proportion of the UK on record this February, shooting up at the fastest pace recorded for a single month, according to Hometrack’s latest assessment of the rapid recovery in the property market. Last month, 51.1 per cent of postcodes saw price increases, according to the research, released today. Only [...]
ASOS looking swish with 19pc increase in quarterly sales March 12, 2015 ASOS, the online clothing retailer, reported a fashionable 19 per cent increase in sales to £290.1m, up from £244m last year, for the three-month period to 28 February. The better-than-expected performance was a welcome relief for the firm after a difficult 2014 forced it to issue a string of profit warnings as shares plummeted and [...]
The City thrives because it’s open to global talent: Don’t pull up the drawbridge March 22, 2015 This week, the City of London will host one of the UK’s major set-piece foreign affairs events. Foreign secretary Philip Hammond and I will address all the ambassadors to the United Kingdom, and other high-level Diplomatic Corps, at the Mansion House. Our focus is the “commercial diplomacy” that is at the heart of the UK’s [...]
Auto Trader off to a flyer after shares zoom up March 19, 2015 Online car auction site Auto Trader roared off the forecourt yesterday in the biggest ever UK market debut by a private equity-backed group. Shares in the company, previously owned by UK buyout house Apax, rose 16.5 per cent from their listing price of 235p in early trading before settling to close nine per cent higher [...]
Budget 2015 summary: Analysts, economists and think tanks give their verdict on Osborne March 18, 2015 George Osborne delivered a Budget stacked with facts, figures and policies intended to ward off Labour's cost of living offensive and get the electorate on side before May the reactions are already flooding in. Here is a sampling of analysts' reactions to the final set-piece event of the coalition government. BNP Paribas' Dominic Bryant gives [...]
General Election 2015: Labour-SNP deal could produce “constitutional crisis,” warns Blackrock April 1, 2015 The world's largest fund manager Blackrock has warned that a Labour-SNP deal after the General Election could lead to Britain resembling a "pre-crisis Spain." A partnership between the SNP and Labour would "raise the spectre of a dis-United Kingdom" reminiscent of when Spain's government was beholden to Basque and Catalan separatists and result in a [...]
Increasing life expectancy could cause problems for UK economy March 9, 2015 Life expectancy in the UK is improving, which could present the country with a “significant economic danger” if the extra years of peoples’ lives are not spent in good health and prosperity, academics have warned. Research conducted by Cass Business School in partnership with the International Longevity Centre (ILC) UK has found that age at [...]
Why Toshiba still sees value in rugby after 60 years supporting the sport May 31, 2015 Japanese firm Toshiba sees the 2015 Rugby World Cup as a chance to build B2B connections IT’S THE nature of sporting events that, for all the hype in advance, and indeed while they’re taking place, before we know it they’re over and the carousel moves on to the next celebration and jamboree. The Rugby World [...]