Second-quarter UK GDP revised up to 0.9 per cent, making us one of the fastest-growing developed economies September 30, 2014 The UK is recovering faster than thought, official figures released today suggested – the Office for National Statistics said GDP rose 0.9 per cent during the second quarter, up from the previous estimate of 0.8 per cent. The figure means UK GDP was 3.2 per cent higher than during the same period in 2013, and [...]
UK house prices drop for the first time in 17 months September 30, 2014 UK house prices have dropped for the first time in 17 months, dipping 0.2 per cent between August and September. In price terms, this means a drop of £931 for the average residential property, from £189,306 to £188,374. The data, from Nationwide, shows the annualised growth rate also slowed to 9.4 per cent from 11 [...]
Euromoney share price rises despite lower profit September 30, 2014 Shares in Euromoney rose 0.5 per cent to £10.30 this morning, as investors showed resilience to a £5m fall in year-on-year profits. In its pre-close trading update for the full year to 30 September, the online information and events group said most of the decline occurred during the second half and was the result [...]
Wolseley share price up as it reveals £25m share buyback programme September 30, 2014 Wolseley shares rose 1.2 per cent in early trading after it posted a 52 per cent rise in pre-tax profit for the year. The heating and plumbing products supplier reported revenues of £13.1bn for the year to the end of July. Pre-tax profit stood at £698m, compared with £460m a year earlier. The [...]
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 [...]