SCS shares soar as sofa chain hikes full-year profit expectations January 19, 2016 Sofa and floorings chain ScS’s share price has soared by almost 17 per cent after the company said it expects full-year profits to beat City forecasts. In an unscheduled update the retailer, which floated last year, said trading over the key Christmas and January sales period was strong within both its 97 ScS stores and 30 [...]
Stonewall top 100 employers: Three ways the City can become more inclusive, according to LGBT-friendly Lloyds January 19, 2016 The release of the top 100 employers for lesbian, gay, bisexual and transgender (LGBT) people, compiled by the charity Stonewall, is a moment for celebration and reflection. Ensuring a diverse workforce is now considered essential to the success of businesses right across Britain. There is a wealth of evidence that shows this makes good business sense and [...]
MySale shares jump as flash sales website backed by Sir Philip Green swings back into profit January 19, 2016 MySale, the Australian flash sales website 25 per cent owned by Sir Philip Green's wife Tina, has swung back into profit in the first half after blaming marketing and expansion costs for posting heavy losses last year. The UK-listed online fashion retailer, which operates in the UK, New Zealand, and Asia, as well as Australia, [...]
Johnson & Johnson cuts 3,000 jobs from global Medical Devices unit January 19, 2016 Healthcare giant Johnson & Johnson today announced it is cutting 3,000 jobs from Medical Devices business. The job losses will effect approximately four to six per cent of the division's 60,000 employees around the world, over the next two years. The Medical Devices unit covers orthopaedics, surgery and cardiovascular products. The cuts account for 2.5 per cent of [...]
British Land posts upbeat third quarter as London mayor Boris Johnson approves Norton Folgate plans January 19, 2016 Customers flocking to British Land’s shopping centres and ongoing demand for its offices helped the landlord deliver a strong performance in the third quarter, as the group also revealed that plans for a controversial Shoreditch scheme had been approved. The FTSE 100 property giant said retail footfall rose by two per cent over the Christmas quarter, with Meadowhall [...]
Phishing attacks soared 21 per cent in 2015 to cost cyber crime victims £174m in the UK alone January 19, 2016 Soaring phishing fraud cost victims £174m last year in the UK alone. Phishing, a kind of fraud wherein criminals pose as a legitimate source to gain access to personal data, has increased by 21 per cent in just a year, according to fresh crime statistics from the City of London Police’s National Fraud Intelligence Bureau and [...]
Ofgem has helped make it easier for consumers to switch energy provider – now British businesses deserve a better deal too January 19, 2016 The Which? Energy survey this week exposed yet again the woeful customer service record of the ‘Big Six’ energy companies, with smaller suppliers head and shoulders above their larger rivals. Despite this, it is heartening to see consumers looking for better deals, and with four million switching supplier in 2015, Ofgem should be applauded for its sensible regulation of [...]
Morgan Stanley share price rises in pre-market trading as bank beats analyst expectations with fourth-quarter profit January 19, 2016 Morgan Stanley beat analyst expectations when it reported a fourth-quarter profit this morning, thanks to lower legal costs and compensation expenses. The Wall Street bank exceeded analysts’ expectations for both earnings and revenue, reporting 43 cents a share in profit on $7.9bn (£5.54bn) of revenue. Analysts had expected a quarterly profit of 33 cents a share on [...]
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 [...]