Carpetright share price rises as it finally hires a new chairman to replace Lord Harris October 21, 2014 Carpetright chairman Lord Harris can finally look forward to slowing down, after Carpetright announced it has appointed a new chairman. Shares in the retailer rose 1.2 per cent in mid-morning trading as it said Mitchells & Butler non-executive chairman Bob Ivell, who is also a senior independent director at Britvic and Aga, will take over [...]
Russia escalates tensions with expansion of EU food import ban October 21, 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. Russia's food safety watchdog Rosselkhoznadzor said the ban will come into effect today and applies to cattle and pig by-products, meat offal, cattle fat, pork fat (including lard) and bird [...]
Oscar Pistorius sentenced to five years in prison for culpable homicide of Reeva Steenkamp October 21, 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. According to his legal counsel, Pistorius may only serve 10 months in jail before spending the rest of his sentence under house arrest, although this has been disputed by [...]
Tesco share price rises as declines in its market share slows, while Waitrose reaches record high October 21, 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. while Waitrose has climbed to a record high, doing just enough to keep it ahead of German challengers Aldi and Lidl. The figures, by Kantar Worldpanel, also showed [...]
Hurricane Gonzalo’s wet and windy weather creates travel chaos: Heathrow flights cancelled, trains delayed October 21, 2014 A battering by the remnants of hurricane Gonzalo has caused travel chaos across the UK, with some flights cancelled and trains delayed. Heathrow warned passengers the strong winds and rain may mean flights are subject to delays and cancellations, saying the 20 largest carriers had made "proactive flight cancellations to give customers as much time [...]
Asos share price leaps as sales climb 27 per cent following tough year for online retailer October 21, 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. Although results posted today showed pre-tax profits fell 14 per cent to £46.9m in the year to the end of August, from £54.7m during the same period last year, [...]
Apple Pay launches: Why mobile payment is about take off October 21, 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. It kicks of the most high-profile launch in the nascent mobile payment space, which could finally push it into the mainstream. A mobile wallet is perhaps the best way [...]
InterContinental Hotels delivers strongest quarter in two years October 21, 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. In the first nine months of the year, Revpar grew 6.3 per cent. The FTSE 100 company said it was given a significant [...]
William Hill profits boom despite 82 shop closures October 21, 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. Net revenue growth reached nine per cent reflecting the benefits of World Cup wagering and a favourable sports margin. Furthermore, the bookies' investment [...]
Total CEO Christophe de Margerie killed in Moscow plane crash as his aircraft collides with snow-clearing machine October 21, 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. Russian authorities said the incident had involved a Falcon-50 plane, with the collision occurring a little before midnight local time. Visibility was reported to have been [...]