Pod Point’s mini bond fundraiser on Crowdcube gets turbocharged and beats £250,000 target December 15, 2015 Pod Point, the company that manufactures charging points for electric vehicles, has raised £267,750 from mini bonds on crowdfunding platform Crowdcube. The bonds, which have an eight per cent annual yield and mature after three years, will be used to fund the initial roll out of Pod Point's new public charging network, Open Charge. Erik [...]
Aim-listed law firm Gateley reports bumper profits in first set of results since IPO December 15, 2015 Gateley reported today profits before tax for the six months ended 31 October 2015 of £2.9m, up 11.5 per cent from £2.6m in 2014. The law firm, which started trading on Aim in June, also revealed that revenue had increased to £29.6m, a rise of 10.9 per cent from £26.7m the same time last year. The firm [...]
Addison Lee introduces feature allowing you to “snooze” your minicab if you’re not ready to leave the Christmas party December 15, 2015 With less than ten sleeps to go til Christmas, London’s taxis and minicabs are bracing for the mayhem when peak Christmas party hits this weekend. But one of them has a new trick up their sleeve that might just help you and them both. Friday is expected to be the busiest day of the year [...]
Royal Mail share price stays stable as company is hit with a €55m fine from Autorite de la Concurrence, the French competition authority December 15, 2015 Royal Mail has today agreed to pay a fine of €55m (£40m) to the French competition authority, Autorite de la Concurrence, to settle a price fixing charge. The fine relates to the activities of Royal Mail's French subsidiary, GLS France, which, along with 19 other courier companies and a trade association, was said to have colluded to [...]
Starbucks serves up £8m in UK corporation tax after record results December 15, 2015 Starbucks served up £8m in corporation tax to the UK last year after brewing up £34.2m in pre-tax profits. The Seattle-based coffee chain has faced fierce criticism for paying minimal corporation tax since launching in Britain in 1998, after claiming to have never made a profit until last year. In its latest set of results, [...]
Tullow share price jumps after it finds oil at well in Kenya December 15, 2015 Tullow Oil shares jumped today, after the oil explorer said it had found oil at a well in Northern Kenya, and saw good potential in other underexplored parts of the area. Shares in Tullow, which drills for oil in West Africa, jumped as much as 7.7 per cent to 163.87p per share after Tullow said its Etom-2 well in Northern Kenya [...]
VW’s sales in November stall behind rivals December 15, 2015 Volkswagen has fallen into last place as the emissions scandal continues to weigh on the German car maker. Sales increased by just 4.1 per cent last month, compared to a year earlier, the smallest growth of any car maker in Europe and compared to a rise of almost 14 per cent overall. Read more: VW has no plans to sell off [...]
Carpetright shares rally as half-year profits jump by a third December 15, 2015 Shares in Carpetright leapt this morning as the floorings and beds specialist revealed a 34 per cent rise in underlying pre-tax profits in the first half of the year. The retailer said efforts to win over my customers through its revamped website, stores and better product ranges were bearing fruit, with group revenue rising by 1.4 per cent to £231.2m, and [...]
Australia’s securities exchange ASX falls to 30-month low as US junk bonds and revised economic outlook weigh on sentiment December 15, 2015 The Australian Securities Exchange (ASX) has fallen to its lowest in 30 months, as investors react to selling pressure and a revised economic outlook. The S&P/ASX 200 index rose 0.8 per cent as the market opened, on the back of gains made in the US last night. But by close, it had fallen 0.39 per cent to 4,909.6 points, [...]
Aveva’s share price plummets 36 per cent as it calls off talks with Schneider Electric saying £550m merger would create “significant” challenges December 15, 2015 Aveva's share price plummeted more than 36 per cent this morning after the engineering group called off talks with Schneider Electric, saying a merger would create "significant" challenges "that could not be overcome without considerable additional risk and cost". The two businesses had announced a merger this summer, in which Schneider would have paid £550m for a 53.5 [...]