Pinot Noir Madam? Aldi challenges retail rivals by launching online wine shop January 19, 2016 Discounter Aldi has stepped up competition with its retailing rivals after launching its first online shopping service today selling over 90 different wines and champagnes by the case. The German retailer's new online wine cellar includes best sellers from its in-store ranges as well as a new range of "fine boutique wines", called the Lot Series, available only [...]
Bank of America share price rises in pre-market trading as bank reports 9.8 per cent rise in quarterly profit January 19, 2016 Bank of America beat analyst expectations this morning when it reported a 9.8 per cent rise in profit for the fourth quarter. The second-largest US bank by assets, Bank of America reported a profit of $3.34bn (£2.34bn), or 28 cents a share. Analysts had expected earnings of 26 cents a share, according to consensus compiled [...]
Ocado share price jumps on Amazon tie-up rumours January 19, 2016 Ocado shares jumped more than 18 per cent in early trading following reports of a tie-up with potential rival Amazon. The online grocery delivery company faces new competition from Amazon, which is expected to soon launch its own fully-fledged delivery service for fresh food. Amazon may now partner with the already well-established Ocado to fulfil those plans, according to the [...]
Job interview questions from the City’s toughest banks including Barclays, HSBC, RBS, Lloyds, Morgan Stanley, JPMorgan and Goldman Sachs January 19, 2016 There's nothing worse than going into a job interview without quite knowing what you're in for. And given that City institutions are notoriously tough on their interviewees, going for a chat at City banks is particularly nerve-wracking. But worry no more: careers website Glassdoor.com has listed some of the toughest questions its interviewers asked potential employees. [...]
Wonga secures authorisation from the Financial Conduct Authority as the payday lender seeks to rebuild its damaged brand January 19, 2016 Wonga has secured full authorisation from the City’s watchdog, as the payday lender looks to rebuild its damaged brand. The licence from the Financial Conduct Authority (FCA) comes just in time for the lender: its interim permission to operate was running out in a matter of weeks. Wonga, hoping to rebuild its much-maligned business, is [...]
Renault to recall 15,000 cars, says French energy minister Segolene Royal January 19, 2016 Renault will recall 15,000 vehicles to bring them into line with emissions standards, French energy minister Ségolène Royal told French media today. "Renault has committed to recalling a certain number of vehicles, to check them and adjust them correctly so that the filtration system works," Royal told radio station RTL. The news comes five days after [...]
Damp January instead of Dry? Find out how many calories are in your beer or wine with Diageo’s drinks calculator on DrinkIQ January 19, 2016 If Dry January seems excessive but you still want to keep some semblance of a healthy lifestyle in the new year, Damp January might be more up your street. But how to make sure that your drinking is balanced? A new drinks calculator lets you track not just how many units you’re drinking, but also [...]
IG Group Holdings share price down after company reports small dip in profit but also net trading revenue growth in half year results January 19, 2016 IG Group Holdings today revealed profit before tax of £98.6m for the six months ended 30 November 2015, down 2.8 per cent from £101.4m last year. Despite this, net trading revenue growth for the derivatives trading company was stronger, increasing 8.8 per cent to £214.8m, up from £197.4m the year before, while new client numbers were ahead of the company's prior [...]
FTSE 100 opens higher despite weak Chinese economic data as miners including Anglo America, Glencore and BHP Billiton rally January 19, 2016 The FTSE 100 index opened higher today despite data from China that showed its economy growing at its slowest rate in 25 years. The UK's blue-chip index opened 1.64 per cent up at 5,872 points, led higher by miners. Yesterday markets were weighed down by "continued risk aversion and weakness in oil prices, as concerns grow over further deflationary forces rippling [...]
Stonewall top 100 employers: Lloyds Banking Group named most LGBT-friendly place to work in the City as MI5 tops list January 19, 2016 Lloyds Banking Group has been named the best LGBT-friendly place to work in the City, and second in the UK behind spy agency MI5. The bank's director of operations, Karin Cook, has been named Stonewall's champion of the year, leading Lloyds' efforts on diversity and inclusion. JP Morgan, Bank of America Merill Lynch and Macquarie entered [...]