Dialog Semiconductor share price falls despite Apple supplier’s record third quarter November 7, 2017 Shares in Apple supplier Dialog Semiconductor slipped despite a record third quarter and positive guidance for the year. The figures Revenue came in at $363m in the third quarter to the end of September, up five per cent on the same period last year and in line with forecasts. The UK-based German chipmaker said underlying [...]
UK house prices just hit their highest on record (again) November 7, 2017 UK house prices hit their highest on record in October, having grown at their fastest since the beginning of the year. The average UK house price rose to £225,826 in October, up 2.3 per cent in the three months between August and October, their fastest rise since January this year. Year-on-year growth hit 4.5 per [...]
Johnston Press formally served with demand for boardroom shake-up by billionaire activist investor November 7, 2017 Johnston Press’s biggest shareholder has demanded former Scottish National Party leader Alex Salmond be appointed to the board of the owner of the i newspaper. Norweigian billionaire Christen Ager-Hanssen, who owns 20 per cent of Johnston Press through his company Custos Group, yesterday wrote to the company calling for chair Camilla Rhodes and non-exec Michael [...]
Trump gives Saudi purge the thumbs up – days after saying Aramco should list in the US November 7, 2017 Donald Trump might be in Asia, but he’s still watching events in Saudi Arabia as they unfold – and has given the state his backing. Over the weekend, Saudi police arrested 11 princes and dozens of officials and businessmen, under the direction of crown prince Mohammed bin Salman and his father King Salman. Billionaire businessman [...]
PR consolidates role as brand storyteller and defender of reputation (study) November 7, 2017 The UK’s Public Relations and Communications Association (PRCA) recently unveiled its survey of practitioners into the digital skills in the market and clients’ attitudes to digital services. It’s no surprise to learn that digital services are in flux, but what is interesting is where that investment is focused. I’m a member of the PRCA, the [...]
Primark owner Associated British Foods (ABF) share price dips as it reports jump in revenue and profit November 7, 2017 Primark’s parent company has reported a jump in profit and revenue in the 52 weeks to 16 September The figures Associated British Food’s (ABF) group revenue was up 15 per cent to £15.4bn, while adjusted operating profit rose 22 per cent to £1.36bn. Primark sales were up 19 per cent year-on-year, rising from £5.95bn to [...]
Imperial Brands announces push on next generation products after volumes of cigarettes decline November 7, 2017 Tobacco company Imperial Brands increased profitability in the year to 30 September, despite a decline in volumes of tobacco products sold. The figures Total tobacco volume was down 4.1 per cent, though the group’s ‘growth brands’, which include Davidoff and Winston, grew 5.5 per cent. Revenue was up 9.5 per cent to £30.2bn on a [...]
Digital challenger bank Monzo raises £71m as Micheal Moritz, Stripe and Goodwater Capital boost valuation November 7, 2017 Digital challenger bank Monzo has raised millions more investment in its biggest funding round to date, more than doubling its valuation. The startup has landed £71m from several new and existing investors which values it at £280m amid a funding boom for fintech in the UK. Renowned Silicon Valley investor Michael Moritz has backed Monzo [...]
DEBATE: Can we close the loopholes that make the Paradise Papers kind of tax behaviour legal? November 7, 2017 Can we close the loopholes that make the Paradise Papers kind of tax behaviour legal? Alex Cobham, chief executive of the Tax Justice Network, says YES. Why do we tolerate financial secrecy? Companies and individuals obviously want know who they are doing business with. Markets work less efficiently when we allow anonymous ownership. Corruption is [...]
Sink, swim, or build a lifeboat: Tips for surviving Open Banking November 7, 2017 Open Banking, which comes into place January 2018, is a landmark development for the banking industry. It will force banks to open up their Advanced Programming Interface (API). This may sound like a dry compliance point, but the reality is far from it. With customer permission, competitors will be able to access banks’ enormous – [...]