‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Velocys share price sinks after boss Roy Lipski is suspended July 6, 2015 Roy Lipski, chief executive of UK gas-to-liquid technology company Velocys, has been suspended pending an investigation into allegations of serious misconduct. Lipski has been head of Velocys, which operates in the US and the UK, since 2008 and has raised over $215m (£138m) from institutional investors since 2006. Velocys, which is majority owned by Russian [...]
Landscape supplier Marshalls in first half sales jump as building booms July 6, 2015 Hard landscaping manufacturer Marshalls had an 11 per cent rise in revenue for the sixth months to 30 June, up to £199m, the firm said yesterday. Sales to the public sector and commercial market were up 15 per cent compared with 2014, and represented 64 per cent of Marshalls’ total sales. Sales in the domestic [...]
Perfect storm: Are US equities heading for a sell-off? July 6, 2015 US equities have been on a six-year bull run and the seemingly unstoppable S&P 500 has repeatedly hit new highs. It reached a record level of 2,408 on 10 April this year, giving investors who bought the market a return of 183 per cent over the last six years. The economy has continued to recover [...]
Amazon to launch new global shopping event “Prime Day” at midnight on 15 July to rival Black Friday July 6, 2015 Amazon is hoping to stir up the same shopping frenzy as Black Friday by launching of new global shopping day next week with hundreds of promotional deals. The online retail giant is turning 20 years old next week and as part of its celebrations it will launch Prime Day at midnight on 15 July, which [...]
Challenger bank Shawbrook appoints new chairman Iain Cornish to replace Sir George Mathewson July 6, 2015 Challenger bank Shawbrook has appointed former Yorkshire Building Society chief executive Iain Cornish as its new chairman. Cornish replaces former RBS boss Sir George Mathewson who will step down as chairman and as director with immediate effect. Cornish is a senior independent director of debt manager Arrow Global and wealth manager St James's Place. Read more: Challenger [...]
Government could sell half its RBS stake within two years to raise £16bn July 6, 2015 The government could sell half of its stake in Royal Bank of Scotland (RBS) within two years, raising £16bn in the process. Read more: RBS' share price falls as it could face $13bn penalty over mortgage-backed securities The Chancellor of the exchequer George Osborne announced last month it would begin to sell off a stake in [...]
Budget airlines easyJet and Wizz Air welcome soaring passenger numbers as summer starts July 6, 2015 A fleet of budget airlines have today announced their passenger statistics for last month. One of the key elements to look out for is load factor. This is a measure of how much capacity an airline uses, and is critical for low cost airlines, who are less able to absorb the cost of flying with [...]
Shell set to begin Arctic oil drilling within two weeks July 6, 2015 Oil giant Shell is set to begin drilling for oil in the Arctic within the next two weeks, as 30 ships have left Alaskan harbours towards two exploratory wells. The Arctic is one of the planet’s most oil and gas-rich places, and the company's oil exploration was given the go-ahead by the US Department of [...]
Bovis Homes ups dividend after record completions July 6, 2015 The surging housing market has buoyed Bovis Homes to post a record number of completions on new homes – enabling it to significantly increase its dividend. The figures: Bovis completed a record 1,525 new home legal completions in the first half of the year, up from 1,487 in 2014. The average price on legal completions [...]
Monitise steadies business by cutting costs and stems outflows July 6, 2015 Troubled tech group Monitise has cut costs and stemmed outflows as management attempts to steady the ship after a rocky year. The figures: Monitise has forecast revenues for the year to June 30 to reach £88-90m, thanks to “materially lower” operating and capital expenses in the second half. As a result, second half losses [...]