Forex rigging scandal: London traders could be visited by US prosecutors November 25, 2014 US prosecutors are coming to London, and they’ve got their sights set on the City. Sources cited by Reuters suggest US Department of Justice (DoJ) officials will speak with current or former employees at HSBC and other banks based in the City in the coming weeks, as part of an investigation into foreign exchange [...]
AO World revenue rises 25 per cent on improved website sales November 25, 2014 Online white goods retailer AO World said total revenue rose 25.1 per cent to £384.9m in the six months to September 30. The retailer, which launched its IPO in February, said website sales increase by 38.6 per cent during this period to £173.7m. This was offset slightly by third-party website sales, which fell 11 per cent, [...]
Black Friday 2014: Christmas now “front of mind” for UK shoppers, says John Lewis November 25, 2014 Christmas is “now front of mind” for shoppers, John Lewis has said, with weekly sales reaching £114.2m as the business heads into the Black Friday weekend. Despite tough comparisons, John Lewis' sales rose 2.1 per cent year-on-year, and five per cent week-on-week. Last week was the first time this year that sales were above [...]
B&Q owner Kingfisher reports falls in revenue and profit November 25, 2014 Kingfisher’s new French chief executive, Veronique Laury, faces a tough task to arrest the tumbling sales in her home country which are taking their toll on the FTSE 100 company. In its third quarter results the B&Q and Screwfix owner Kingfisher recorded a 3.6 per cent drop in sales to £2.8bn, while retail profit [...]
Zoopla share price rises as it shrugs off the threat from Agents’ Mutual November 25, 2014 Shares at online property giant Zoopla rose 2.6 per cent as the market opened, after the company said full-year revenues had soared on the back of rising visits to the website, and as the company dismissed threats from a rival platform. The property group, which is owned by the Daily Mail and General Trust (DMGT), [...]
Black Friday UK 2014: Where are the best bargains for must-have Christmas toys? November 25, 2014 As the countdown to Black Friday – November 28 if you're wondering – continues, the big question is exactly which items will be going on sale. Luckily for you, the Toy Retailers Association has today unveiled its DreamToys, the gifts that the industry has judged “must have” Christmas crackers. The list has pedigree [...]
Kingfisher November 25, 2014 Kingfisher, Europe's biggest home improvements retailer, The company, who runs the B&Q and Screwfix chains in Britain, said third quarter sales fell 3.6 per cent to £2.8bn. France saw the biggest drop and sales fell 9.3 per cent to 1,064m during the same period. [XX], chief executive, said: Its shares were trading [UP/DOWN] [XX] per [...]
BT share price up as mobile network operators O2 and EE vie for £10bn deal November 24, 2014 British telecoms giant BT is set to play kingmaker as it prepares to buy either O2 or EE to jump-start its push into the consumer mobile market next year. BT yesterday confirmed deal talks with “two UK mobile network operators, of which one is O2”, but cautioned that talks remained “at a highly preliminary stage”. [...]
The Beatles’ Abbey Road album cover photographs: Bidders gather to snap up Ian Macmillan pics November 24, 2014 It is one of the world’s best-known and loved album covers and it has caused mayhem for drivers on Abbey Road for 40 years, as music fans strive to recreate the scene. But yesterday was another big day for The Beatles’ Abbey Road album cover shot. The photograph and a set of outtakes were [...]