Thomas Cook angles for fresh ‘£400m’ financing ahead of interim results May 3, 2019 Thomas Cook has confirmed it is in discussions to lock down debt funding which is reportedly worth up to £400m from its lenders, as it gears up to release financial results which could shed light on the package holiday firm’s torrid year so far. The company is in advanced negotiations with its syndicate of banks [...]
Stock predictions 2019: Which stocks and shares will do well this year? January 2, 2019 After a tumultuous year in the markets with Brexit uncertainty, the threat of trade war and rapidly changing consumer habits, the FTSE 100 suffered its worst year since the financial crisis in 2018, ending it 12.5 per cent down. While there is no sign that 2019 will be any less eventful, with the date Britain [...]
Nintendo second quarter profits hit eight-year high, but still miss expectations October 30, 2018 Nintendo failed to meet analysts' expectations despite reporting an eight-year profit high for its second-quarter profits today, thanks to sales of Switch consoles and games. The figures The Japanese gaming giant revealed that profits grew 30 per cent year-on-year to hit 30.9bn yen (£214.17m) between July and September. Yet analysts were underwhelmed after estimating profits to [...]
Super smash: Nintendo beats expectations despite slowing sales for the Switch | City A.M. July 31, 2018 Nintendo trumped analyst expectations in its first quarter to report an 88 per cent growth in operating profit, despite sales of its Switch console turning sluggish. The profit was boosted by sales of games for the Switch, as returning customers buy up titles to refresh the console rather than hosting an influx of new users. [...]
InterContinental Hotels banking on a weaker pound to boost profits August 2, 2016 Worldwide hotel chain, InterContinental Hotels, which owns brands including the Holiday Inn and Crowne Plaza, said it will take a short-term hit from currency volatility but could win big if the pound stays weak following the EU referendum. The figures Profits before tax dropped 35 per cent from $458m (£347m) to $298m in the first six [...]
EU referendum: Markets gear up for overnight trading with a big day of gains June 23, 2016 The 23 June has been circled in City diaries for the past four months. Holidays were cancelled and all-hands-on-deck was the general message sent from on high. But, they needn't have worried, really. The stock markets have taken the referendum in their stride, surging for the fifth consecutive day to put on another 1.2 per cent [...]
At the close: Bank holiday starts early for the London markets on flat day in the City May 27, 2016 Friday's are always slightly slower in the Square Mile. None more so than on a sunny afternoon on a bank holiday eve. The markets, characteristically, were static. The FTSE 100 closed down 0.1 per cent at 6,258.06, but volumes plummeted, with the number of shares swapping hands around half its usual level. The slow day [...]
Washout August bank holiday weather leads to record online spending September 6, 2015 Online spending growth hit a four-year high in August as the wet summer weather drove more people to shop from the comfort of their homes. Figures released today based on credit and debit card transactions from Visa Europe show online retailers enjoyed a 10.7 per cent jump in the spending year-on-year in August, the [...]
Signs of wage increases as City workers seek new career opportunities and firms expand October 8, 2014 Back from holiday and looking to move… the rush is on to switch career City workers are making the most of the UK recovery and firms’ expansion plans by hunting for new career opportunities and bargaining for bumper salaries. The number of professionals seeking new roles increased 25 per cent year-on-year in September. There are [...]
Saga puts retail investor at heart of London float April 30, 2014 SAGA, the over-50s holidays-to-insurance provider, yesterday unveiled plans for the biggest flotation in London this year, as a stampede of silver haired savers registered to snap up shares in the listing. The business, which was founded by east end hotelier Sidney De Haan in 1950, said it would raise £550m in an initial public offering [...]