Dividends at UK plc today passed the £1 trillion mark since the turn of the century September 6, 2016 Dividends at UK firms have soared at more than double the rate of inflation since the start of the millennium. The total value of dividends paid by Britain’s listed companies passed the £1 trillion mark today with small-cap LSL Property Services claiming the honour of raising the thirteenth digit on the aggregate value of pay-outs to shareholders. Fashion [...]
Carillion shares up nearly three per cent after revealing contract with British Gas owner Centrica September 5, 2016 Support services giant Carillion hailed a new £90m contract with British Gas' owner today. The contract with Centrica is spread over five years from December 2016 with the potential to extend for a total of seven years. Under the new deal, Carillion will provide various management services, including asset surveys and planning, planned and reactive maintenance, cleaning, [...]
La Compagnie suspends its business-only London to New York service from end of the month September 5, 2016 A business class-only airline blamed the Brexit vote for its decision to suspend its London to New York route. La Compagnie said that the outcome of the EU referendum had created "long term uncertainty for the airline industry" and decided that it would replace the London Luton departure with a second daily flight from Paris to the Big Apple. [...]
La Compagnie suspends business-only London Luton to New York from end of the month September 5, 2016 NULL
Southern Rail plan to run 60 per cent of services during the RMT strike September 5, 2016 Southern Rail plans to run six out of every 10 trains normally timetabled during the 48-hour strike by the Rail, Maritime and Transport (RMT) union that commences in the early hours of Wednesday morning. The franchise said that it would use "contingency conductors", adding that there would be extra staff at stations to help passengers and "arrangements [...]
Hunting share price jumps five per cent despite loss-making six months September 5, 2016 Shares in energy service provider Hunting rose over five per cent in morning trading despite announcing falling revenues and loss-making operations for the first half of 2016. Markets responded positively to the news of a reduction in Hunting's cost base and an interim financing arrangement that it is hoped will give the group sufficient breathing space in the short-term. The [...]
FTSE 350 pension deficits increase by £50bn during August September 5, 2016 Lower for longer interest rates led to pensions deficits ballooning to new highs at the end of August according to data released today. The aggregate pension deficits FTSE 350 companies now stand at £189bn, up from £139bn at the end of July. "The seemingly relentless march in pension scheme deficit increases continues," said Le Roy van Zyl of pension specialists Mercer [...]
Power to the people: commuters club together to raise funds for judicial review into Southern Rail network September 5, 2016 Frustrated commuters have clubbed together to fund a judicial review into the Department for Transport’s (DfT) handling of the chaotic Southern Rail franchise. The Association of British Commuters announced this morning that it would be teaming up with lawyers to launch the process and urged angry commuters to contribute by submitting their tales of woe. Read more: [...]
Gatwick says bumper passenger numbers make case for second runway September 5, 2016 Gatwick Airport said that breaking records for passenger numbers underpinned the case for expansion at Britain’s second largest airport. Both the month of and year to August smashed previous highs – 4.8m passengers filed through the airport taking the annual number of passengers up to 42m, up 6.4 per cent on the previous year. “We’re expansion [...]
