Cyber security firm NCC’s revenue rise is not reflected in stalling profits July 9, 2015 Cyber security firm NCC has revealed rising revenue in the year ending 31 March. Revenue was up 21 per cent from 2014, to 133.7m. Finance boss Atul Patel, told City A.M. that this showed “another record year of strong international growth.” The revenue growth did not though prompt a rise in profits at the Manchester-based [...]
July Budget 2015: IFA Hargreaves Lansdown offers 10 tips for investors to navigate new dividend rules carefully July 9, 2015 Yesterday's Budget included a significant shake up of the way dividends are taxed. Instead of the current tax credit, from next April investors will receive a £5,000 allowance after which dividends will be taxed at 7.5 per cent, 32.5 per cent, or 38.1 per cent depending on their income tax band. Isa and pension [...]
Balfour Beatty share price falls as it issues £150m profit warning July 9, 2015 Maybe that takeover rebuttal wasn't such a good idea? Shares in construction giant Balfour Beatty – which this time last year unceremoniously rejected a merger bid from rival Carillion – fell more than five per cent to 216.4p this morning after it admitted pre-tax profits are likely to be hit by "legacy issues" across its [...]
Premier Oil share price up despite falling oil price hitting sales July 9, 2015 The figures Shares in North Sea oil giant Premier Oil were up 1.6 per cent at 139p in early trading, despite a trading update showing falling oil prices and lower production had hit the company hard, with first-half results posted in August expected to show revenues fell 34 per cent to $580m (£377m) in the six months [...]
Honda recalls 4.5m Accords, Civics, CR-Vs, Odysseys, Pilots and Ridgelines over defective Takata airbags July 9, 2015 Honda has recalled a further 4.5 million vehicles fitted with Takata airbags. Vehicles affected include the 2001-2007 Accord, the 2001-2005 Civic, the 2002-2006 CR-V, 2003-2011 Odyssey, the 2003-2008 Pilot and the 2006 Ridgeline. It also affects Acura MDXs, TLs, CLs and Rls between 2002 and 2006. Honda described the recall as “critical”. [...]
Barratt Developments to beat forecasts with 45pc rise in profits July 9, 2015 The figures Housebuilder Barratt Developments is expecting a 45 per cent increase in profits for the year to the end of June, it said in a trading update today. The company is set to beat analysts’ forecasts, with a full-year pre-tax profit up to around £565m, while total forward sales are expected to have risen 29.6 per [...]
SuperGroup’s share price jumps after brand beats revenue expectations July 9, 2015 SuperGroup's share price jumped 4.6 per cent after beating expectations on revenues and earnings. The figures: Sales at the Superdry parent company were up 12.9 per cent to £486.6m – above analyst consensus, which had tipped that figure at £483.3m – while pre-tax profits were up two per cent to £63.2m. Underlying earnings per [...]
Birds Eye owner Nomad Foods plans a share placing to fund more deals July 8, 2015 Nomad Foods, the owner of Birds Eye, yesterday said it plans to raise cash through a share placing to fund future acquisitions. The London-listed company bought European frozen food business Iglo Group – which owns Birds Eye and Findus – in April in a €2.6bn (£1.86bn) deal. “With this anchor investment Nomad is seeking to [...]
Return of the Mack: How Barclays chairman John McFarlane earned his reputation as “Mack the Knife” July 8, 2015 John McFarlane has barely been in situ three months as Barclays’ chairman, but this morning he claimed his first scalp: Antony “nicest guy in banking” Jenkins, the man appointed three years ago to bring out Barclays’ cuddly side, will step down at the end of next week. Read more: From the Libor scandal to the [...]