Saga share price edges up as finance director announces plans to step down just months after its IPO September 30, 2014 Shares in Saga opened 0.2 per cent higher this morning, after its finance director announced plans to step down. Stuart Howard said he will leave the company by next year, to be replaced by current Bovis CFO Jonathan Hill. Andrew Goodsell, the company's chairman, said after more than 14 years in the role, Howard "feels [...]
RBS share price rises as it says impairment charges will be “significantly” lower in 2014 September 30, 2014 Shares in Royal Bank of Scotland (RBS) opened four per cent higher as it told investors it expects impairment charges to be "significantly" lower than originally expected in 2014. The bank, which is still 81 per cent owned by the taxpayer, said impairment charges will "out-perform" previous guidance of £1bn. During the third quarter there [...]
iPhone 6 hits China retailers after Apple wins regulatory approval September 30, 2014 Apple has been granted approval to sell the iPhone 6 and iPhone 6 Plus in China, 11 days after units began flying off the shelves in the UK and US. The Chinese government’s Ministry of Industry and Information Technology (MIIT) finally granted Apple a licence to sell its new product in the country, after [...]
Next share price slides as it warns balmy September weather “might hit profit forecast” September 30, 2014 Next shares opened four per cent lower as the retailer warned it could be forced to lower profit guidance if the "unusually warm" September weather continues. In a trading statement posted this morning, the retailer said despite "several very strong weeks" during August's dip in temperatures, September's warmer weather "had the reverse effect". It now [...]
Boris Johnson: Don’t savage London powerhouse – Tory party conference September 29, 2014 Boris Johnson will today launch a valiant defence of London’s dominant position in the UK, telling the Conservative party conference that the capital’s success is crucial for British economic growth. He will also seek to boost his party’s morale in the face of recent defections to Ukip, warning Conservatives against jumping ship. Johnson is expected [...]
Rothschild hails his Uber rival September 29, 2014 Finance family heir Nat Rothschild branched out into the tech scene yesterday, putting the finishing touches to his new black cab sharing app Maaxi at Millwall’s New Den ground. Aiming to rival car hire service Uber and taxi locator Hailo, Rothschild’s start-up lets customers share rides when they are heading in the same direction. He [...]
Nat Rothschild enters Lions’ den to win over cabbies with Maaxi taxi app September 29, 2014 Financier Nathaniel Rothschild is to go up against controversial travel app Uber, launching a new ride-share application called Maaxi, which will facilitate cheaper black cab rides by grouping customers travelling to the same destination. He has teamed up with Argentine technology heavyweight Gabriel Campos, the former CEO of gaming website Pokerstars, to bring the [...]
Business groups slam MP John Redwood over EU threat September 29, 2014 Business groups hit back yesterday after Conservative MP John Redwood appeared to threaten company bosses who publicly voice support for Britain’s membership of the EU. Redwood, a former Welsh secretary and ardent eurosceptic, told a fringe event at Conservative party conference: “It will be deeply disruptive to their businesses, and maybe even to their own tenure [...]
Brussels finance boss tells City: I’m on your side September 29, 2014 THE EU’s top finance regulator Michel Barnier yesterday tried to win over London’s traders during a speech in the square mile, insisting he does not want to harm the City. “The European Commission has no interest in undermining the UK, and no interest in threatening London’s place as the largest European financial centre,” he said. Barnier had [...]
Lloyds kicks out eight staff for fiddling Libor September 29, 2014 LLOYDS fired eight staff yesterday for trying to fiddle key Libor and repo interest rates between 2006 and 2009, after the bank was fined £226m in June over the wrongdoing. It came as UBS admitted it is in settlement talks with regulators around the world over the forex benchmark manipulation scandal, the first such bank [...]