LONDON’S northern rival Manchester has emerged as a burgeoning scene for equity capital markets, with a Salford-based advisory rocketing to the top of the league for junior market listed flotations for the first time.
HISTORIC British perfume maker Penhaligon’s increased pre-tax profits by 30 per cent last year, helping pave the way for a potential sale of the business. The firm, which dates back to 1870, said pre-tax profits rose to £1.1m from £812,004.
The financial sector consultancy has announced the appointment of Adam Crawford as a director. He left the Royal Marines in 2012, and has since worked at Oppenheimer and as a freelance consultant for Saab Group.
Up to 500 police officers will now be expected to film interviews at crime scenes using body-worn cameras, delivering the recorded evidence online, as part of an initiative announced by the Ministry of Justice.
US stock futures took a tumble, following an earnings announcement from JP Morgan, which kicked off the earnings season.
S&P 500 firms’ earnings are estimated to have increased a meagre one per cent from a year ago.
M&S showed new signs of life yesterday after reporting sales of its womenswear clothing collection have risen over the past three months, helped by Annie Lennox as part of its star-studded Leading Ladies marketing campaign.
LABOUR has admitted it made a mistake by staying silent about immigration when in government, on the same day the Office for National Statistics admitted it underestimated net migration by almost 350,000 people.
Spain’s Bankia, rescued by the state from near financial collapse in 2012, has announced it raised £1.26bn by selling its 4.94 per cent stake in energy giant Iberdrola. The sale of 315m shares was led by UBS and Citi.
New rules making it easier for Britons to switch banks resulted in a 14 per cent increase in the number of customers moving accounts in the six months since they were introduced, the Payments Council will say today.
SOUTH London is leading the housing boom in the capital and the UK as a whole, according to figures out today from LSL Property Services.
Prices in Lambeth soared 31.5 per cent in the last year to an average of £551,662 in February.
MARKS & Spencer’s revamped womenswear collection, which has been fronted by stars including Dame Helen Mirren, showed signs of recovery in the fourth quarter despite overall general merchandise sales falling for an 11th consecutive quarter.
BRITAIN could have less than a year left before the Bank of England considers raising interest rates, analysts hinted yesterday.
The warning came as the Bank’s monetary policy committee (MPC) held interest rates again yesterday.
THIS was the week when a sudden reality check intervened in the new issues market. It came after a blissful start to the year that has seen share prices popping, books covered multiple times and investors cashing out most profitably.
MAJOR BP shareholder Standard Life yesterday said it would back the oil company’s executive pay report for just the second time in nine years, after it called on the remuneration committee to beef up its targets.