These analysts are not impressed by M&S’ trading update January 12, 2017 And it looked like things were going so well. Marks and Spencer started off the trading session on a high, jumping five per cent at the open when the retailer beat expectations with its like-for-like clothing sales. But M&S lost its shine as the day wore on, and its share price is now up just 0.8 per cent [...]
Jupiter Fund Management’s share price drops five per cent after reporting last-quarter outflows January 12, 2017 Jupiter Fund Management’s share price dropped around five per cent today as the company reported fourth-quarter outflows. The figures Overall, clients pulled £373m from Jupiter investment products in the three months to 31 December. However, over 2016 as a whole, Jupiter reported net inflows of £859m. Total assets under management (AUM) came in at £40.5bn, up [...]
Here’s when the next Tube strike is likely to be January 12, 2017 The next Tube strike will take place on 6 February unless a dispute with Transport for London (TfL) can be resolved, the RMT union has said. The PA reported today that the RMT had warned industrial action will be "escalated" if TfL cannot resolve the dispute. The threat came days after Tube workers brought the [...]
Snow no! London airports have cancelled dozens of flights January 12, 2017 As snow and ice loomed over London, airports across the capital have cancelled dozens of flights. Heathrow and Gatwick airports both said some flights were cancelled in advance of the snow, which is set to begin at five o'clock tonight. Meanwhile, Luton and City airports both said they will keep travellers up to date. Heathrow [...]
Sadiq Khan wants to draft an industrial strategy for London January 12, 2017 London mayor Sadiq Khan will today pledge to draft an industrial strategy for the capital for consideration in Westminster. Speaking at the London Government Dinner at The Mansion House tonight, Khan will call on London's political and business leaders to work with him on the plans. The strategy will then be submitted to the Business, [...]
Significant rise in inflation amid a firming recovery predicted by European Central Bank January 12, 2017 Europe's economy is recovering "at a moderate but firming pace" but headline inflation will rise "significantly" in the coming months, according to the monetary policymakers at the European Central Bank (ECB). The ECB also said Brexit uncertainty and the election of Donald Trump presented risks to the EU economy, while "political uncertainty remained high". In minutes from [...]
Brexit minister confirms bumpy EU departure will hurt Europe as well as UK January 12, 2017 A junior minister from the Brexit department has today become the latest in a string of voices to say a bad Brexit deal will harm Europe. In a grilling with the House of Lords on transition periods, parliamentary under secretary of state Lord Bridges of Headley said: "We want to have a smooth and orderly exit [...]
Take a tour of HSBC’s Centre of Excellence January 12, 2017 | City Talk Have a couple of minutes to spare? Take a look behind the scenes at HSBC's UK Centre of Excellence for its global risk and compliance. But where is it in the UK? Discover why the centre is so important to the firm's global banking operations. After all, the banking giant has offices in 71 countries with 47 million customers. HSBC's Paul Kelly [...]
Germany’s Hubert Burda Media buys Radio Times and other UK magazines for £270m January 12, 2017 A German media company has announced a deal to buy Radio Times and more than 70 other magazines. Munich-based Hubert Burda Media is understood to have acquired Immediate Media from its private equity owner Exponent and Management for £270m. Announcing the deal this morning, Burda noted that Immediate has more than 19m consumers each month, [...]
Government backs plans for £1.3bn Swansea Bay tidal lagoon January 12, 2017 Plans for a £1.3bn tidal lagoon in Swansea Bay have been backed by a government-funded review. The tidal lagoon has been in the pipeline for the last few years. It is to consist of 90 turbines in a 14 mile breakwater, and over the next 120 years could supply energy for 1.5m homes. It ties [...]