News

COMMENT

Tesco signage
Tuesday 21 October 2014
Tesco’s share price rallied again this morning, up almost three per cent on yesterday's close of 179.30 pence per share.
Robert Terry
Tuesday 21 October 2014
Insurance outsourcer Quindell's share price has soared 8.4 per cent today, on the back of the news that it has secured a five-year contract with an unnamed “major insurer”.   
BCA auction
Tuesday 21 October 2014
Is this the end of London's short-lived IPO boom? Used car auctioneer BCA Marketplace - the owner of webuyanycar.com - has become the third company in two weeks to cancel its IPO, saying volatility in global equity markets has put it off.
London house prices
Tuesday 21 October 2014
The average asking price for a house in Greater London is now a huge £596,000.   Although this figure is huge, analysts believe that the long-term trend is for a slowing market, even in the capital.  
Carpetright
Tuesday 21 October 2014
Carpetright chairman Lord Harris can finally look forward to slowing down, after Carpetright announced it has appointed a new chairman.
Tuesday 21 October 2014
Russia is ramping up its tit-for-tat trade war with the EU through an extension of the food import ban to include animal fats and offal.
Oscar Pistorius
Tuesday 21 October 2014
Oscar Pistorius has been sentenced to five years in prison for culpable homicide, and has also been handed a three-year suspended sentence for firearm misuse.  
Tesco
Tuesday 21 October 2014
Tesco shares rose 2.2 percent in mid-morning trading after new figures showed while it has lost yet more market share, its rate of decline is slowing.
London Skyline of City buildings
Tuesday 21 October 2014
Singapore venture capital fund Infocomm is setting up shop in the capital bringing its $200m (£124m) fund to startups in London and the rest of Europe for the first time.
Gonzalo
Tuesday 21 October 2014
A battering by the remnants of hurricane Gonzalo has caused travel chaos across the UK, with some flights cancelled and trains delayed.
Asos website on screen
Tuesday 21 October 2014
Shares in online retailer Asos have leaped almost 20 per cent this morning, after the beleaguered online retailer reported a 27 per cent rise in sales.
Tim Cook in front of screen with picture of wallet
Tuesday 21 October 2014
Apple Pay, the tech giant's mobile payment service, has launched in the US offering users the ability to pay for items using just their mobile phone.
Tuesday 21 October 2014
InterContinental Hotels Group (IHG) has reported its best quarter in two years, with revenue per available room (Revpar) jumping seven per cent from the same time last year, growing in every region.
William Hill
Tuesday 21 October 2014
Bookmaker William Hill has seen its operating profit soar 89 per cent in the third quarter, with favourable sporting results playing in the Group's favour. Group net revenue climbed 23 per cent.
Tuesday 21 October 2014
European markets are expected to open slightly higher this morning, rebounding from yesterday's losses.
Christophe de Margerie
Tuesday 21 October 2014
The CEO of Europe's third largest oil company Christophe de Margerie has been killed after a collision between his private jet and a snow-clearing machine at Moscow's Vnukovo airport.
Tuesday 21 October 2014
A plan for banks to police their own behaviour risks flopping before it even launches, with several large investment banks considering not taking part.
Tuesday 21 October 2014
APPLE beat both analyst and company expectations as “off the charts” iPhone demand lead to bumper profits and revenues.
Tuesday 21 October 2014
Banks will be less profitable for the foreseeable future, but have so far failed to cut back pay and bonuses to match, Bank of England deputy governor Sir Jon Cunliffe said yesterday.
Sir Richard Lambert
Tuesday 21 October 2014
Sir Richard Lambert’s plans to improve banks’ behaviour are only the latest in a long series of proposals – and the tide is continuing, with some banks expecting his ideas to be replaced with new rules in the coming months.
Tuesday 21 October 2014
DAVID Cameron has defended his plan to curb the number of EU migrants coming to the UK, following heavy criticism from outgoing European Commission president Jose Manuel Barroso and a strong warning from Cameron’s coalition partner Nick Clegg.
Tuesday 21 October 2014
BREWING giant Greene King has raised its bid for pub chain Spirit Pubs after its previous offer was rebuffed.
Tuesday 21 October 2014
Labour would tax homeowners in properties worth above £3m over £10,000 on average per year, in some cases much more, according to research by the Institute for Fiscal Studies.
Tuesday 21 October 2014
Gusts of up to 70mph are predicted to hit Britain today as the last of Hurricane Gonzalo sweeps through.
Olympic Park
Tuesday 21 October 2014
Problems with the new roof planned for the West Ham stadium may have led beleaguered construction company Balfour Beatty back to the London Legacy Development Corporation (LLDC) to ask for extra cash.
Tuesday 21 October 2014
PRIMARK has struck a deal to open seven stores in the US, including its first in New York, through a leasing deal with retailer Sears.
Tuesday 21 October 2014
Former chief executive of JJB Sports, Christopher Ronnie, 52, accused of a £1m fraud, will not give evidence in his own defence. He was expected to testify yesterday at Southwark Crown Court.
Tuesday 21 October 2014
THE HOUSING market continues to lose steam with the amount of mortgage lending falling for the second consecutive month.
Tuesday 21 October 2014
Lending to businesses continues to fall despite efforts to incentivise banks to lend, a Bank of England report said yesterday.
Tuesday 21 October 2014
KEY INTEREST rate Libor will be based on huge numbers of transactions in future, as part of its new administrator’s plan to stop bad bankers and brokers trying to fiddle the rate.
Tuesday 21 October 2014
Bank of England governor Mark Carney last night announced an independent probe into the fault which yesterday crashed the CHAPS payment system, used to channel large payments around UK accounts.  
Tuesday 21 October 2014
COMPLAINTS about current accounts have doubled since the programme came in to allow customers to switch to another bank in just seven days, the Financial Ombudsman Service (FOS) said today.
Tuesday 21 October 2014
European tech startups, including two teams from London, went head-to-head yesterday in the first round of a battle at Disrupt, one of Silicon Valley’s biggest annual tech conferences, which is currently in London for the first time.
Tuesday 21 October 2014
JUST days after legendary investor Warren Buffett admitted that buying a near four per cent stake in Tesco was a “huge mistake”, another one of US fund manager’s big gambles is looking shaky.
Tuesday 21 October 2014
Former No10 adviser Rohan Silva spoke on the challenges and opportunities for startups in London, including the sheer volume of capital available in a city with such a dominant financial sector.
Tuesday 21 October 2014
SHIRE last night confirmed its $54bn (£32bn) deal with AbbVie was off, with a $1.635bn break fee owed.
Tuesday 21 October 2014
LONDON could run out of more affordable, secondary office space, property experts warned yesterday, as demand from companies taking up space in the capital continued to gather pace in October.
Tuesday 21 October 2014
CALA Group profits soared last year after the upmarket housebuilder’s acquisition of Banner Homes helped bolster its presence in the affluent south and London’s commuter towns.
Tuesday 21 October 2014
SHIRE’S chief financial officer (CFO) James Bowling is leaving the company at the end of the first quarter of 2015 to take up the top finance role at water company Severn Trent, replacing retiring CFO Mike McKeon.
Tuesday 21 October 2014
MOBILE operator EE is planning to cut 350 jobs from its headquarters in Hatfield as the firm looks to slim down its marketing, finance, legal and account management teams.
Tuesday 21 October 2014
PRICE comparison website GoCompare has hit back at energy site The Big Deal’s claims that “all the major price comparison websites” are hiding the cheapest deals from customers.
Tuesday 21 October 2014
AMAZON is set to create an extra 13,000 temporary jobs in the UK over the Christmas season as the online giant braces itself for the busiest trading period of the year.
Tuesday 21 October 2014
SOME 650 IT jobs are being promised for south Wales after Canadian IT services firm CGI announced it is planning to expand its Bridgend offices.
Tuesday 21 October 2014
THE TALENT agency which represents sports and movie stars including Cristiano Ronaldo and Cate Blanchett (pictured) was yesterday taken over by private equity giant TPG.
Tuesday 21 October 2014
HALLIBURTON, the world’s number two oilfield services provider, said there were no signs of a slowdown in drilling activity despite the recent 25 per cent fall in oil prices.
Tuesday 21 October 2014
MEXICAN food chain Chipotle yesterday reported forecast-beating profit as sales continued to surge. Sales rose 19.8 per cent at restaurants open at least a year for its third quarter.
Tuesday 21 October 2014
ADIDAS shares rallied yesterday on reports that a group of investors was planning a $2.2bn (£1.4bn) bid to buy the German sportswear group’s Reebok brand.
Tuesday 21 October 2014
FRENCH billionaire Vincent Bollore saw shares in his listed group close down 11.5 per cent last night after unveiling plans to increase his stake in French advertising firm Havas, best known for working with Disney on its ad campaigns.
Tuesday 21 October 2014
PAY TV group BSkyB said yesterday it would own at least 69 per cent of Sky Deutschland once the takeover period closes, after more minority investors than expected signed up for the offer.
Tuesday 21 October 2014
AGROCHEMICAL firm Arysta LifeScience was sold by its private equity backer for $3.5bn yesterday to a chemicals company part-owned by activist investor Bill Ackman.

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