Ted Baker sales and profits driven up by strong performance in Europe and the US March 19, 2015 Ted Baker grew in its established markets last year, and expanded to new areas. The figures During the 53 weeks to 31 January, Ted Baker's retail sales rose 18.4 per cent to £306.9m, while pre-tax profits jumped to £49.5m – 20.4 per cent higher than in 2013. This exceeded the British fashion brand's expected profit [...]
Next share price falls after it cautions over year ahead March 19, 2015 The figures Next said that total sales for the year to the end of January rose seven per cent to £4bn, up from £3.7bn a year earlier. Pre-tax profit jumped 12.5 per cent to £782.2m, up from £695.2m a year earlier. This was at the upper end of expectations set in December which forecast full-year pre-tax [...]
Record results for Savills as market conditions improve across Europe and the US March 19, 2015 Savills has reported “record results” for 2014, with better market conditions aiding a return to profitability. The figures International expansion helped drive Savills' pre-tax profit up by 34 per cent to £104.3m in 2014, compared with £75.2m the year before. During the 12 months to 31 December, revenue for the London-listed property firm revenue [...]
RBS scraps Amsterdam listing in latest sign of global withdrawal March 18, 2015 RBS abandoned its listing on Euronext Amsterdam yesterday, as so few traders buy and sell stocks on the exchange. The Dutch listing is a legacy of RBS’ ill-fated acquisition of ABN Amro in 2007, which contributed to the bank’s collapse and subsequent bailout the following year. But since then RBS has slashed its overseas and [...]
Henderson Group fund managers get bumper bonus March 18, 2015 Staff at investment firm Henderson Group saw their bonus pool increase to £144m after seeing a 22 per cent rise in management fees during 2014. Henderson said the increase in the bonus pool was a reward for strong net flows, investment performance and business performance and marks an 11 per cent rise on last year. [...]
Imagination Technologies share price slumps on 2015 forecast March 18, 2015 Shares in multimedia tech firm Imagination Technologies tumbled yesterday after it lowered expectations for revenue growth for 2015, it emerged yesterday. Imagination technologies, founded in 1985, listed on the London Stock Exchange in 1994 and is a key provider of graphics technology to Apple. The company said it expected revenue to be broadly flat [...]
Uber banned for the second time in Germany March 18, 2015 In what seems to be a never-ending back and forth Uber has officially been banned in Germany – again. A regional court in Frankfurt ruled that Uber's low-cost ride-sharing service UberPop is now banned throughout the country. The case was brought by taxi union Taxi Deutschland that been battling Uber for over a year. Dieter [...]
BAE Systems chief Ian King receives 41 per cent pay rise despite fall in earnings March 18, 2015 UK defence giant BAE Systems awarded chief executive Ian King a 40.8 per cent pay rise in 2014, bolstering his total take home to £3.5m for 2014. BAE Systems, the world’s third largest defence group, posted an 8.8 per cent drop in full-year sales from £18.2bn to £16.6bn for year while underlying earnings [...]
FTSE 100 market report: Budget goodies lift oil majors March 18, 2015 Britain's blue-chip index was 0.1 per cent higher this lunchtime as investors digested the chancellor's budget. Chancellor George Osborne unveiled £1.3bn additional support for the struggling north sea oil and gas industry. He said the Office for Budget Responsibility predicts this will boost production by around 15 per cent. Crumbling oil prices have made a [...]
Uber’s chief executive is among 30 charged with operating illegal taxi ring in South Korea March 18, 2015 Uber has come under fire for operating an “illegal taxi ring” in South Korea. According to Yonhap News Agency, Seoul District Police have charged 30 people associated with the company, including chief executive Travis Kalanick. Others range from Uber Korea's brand manager to the heads of car rental companies and a number of drivers. [...]