NHS junior doctor strike suspended as talks with government resume November 30, 2015 NHS junior doctors have called off tomorrow's strike after agreeing to resume talks with health secretary Jeremy Hunt over controversial changes to their contract. Thousands of junior doctors in England were set to walk out tomorrow as well as the 8 and 12 December over the government’s decision to impose a new contract on trainees. However, the [...]
Jaeger fails to shake off losses as private equity owner Better Capital explores sale November 30, 2015 Troubled fashion retailer Jaeger failed to shake off its losses last year, despite a rise in sales, as its private equity owner Better Capital attempts to revive its fortunes. The company reported a pre-tax loss of £7.9m in the year to 28 February 2015, down from £9.9m the previous year, accounts on Companies House show. [...]
At the close: FTSE 100 index closes down on Aberdeen Asset Management and BHP Billiton November 30, 2015 The FTSE 100 index closed down today, led lower by Aberdeen Asset Management and BHP Billiton. The UK's top blue-chip index ended Monday's session 0.3 per cent down, at 6,356 points. Aberdeen Asset Management's share price fell 4.6 per cent to 319.4p after having reported a 12.5 per cent fall in assets under management. The [...]
BHP Billiton shares plummet after Brazilian government says it will take legal action seeking $5.2bn in damages after the Samarco mine disaster November 30, 2015 Mining giant BHP Billiton is one of the FTSE 100's biggest fallers today, with shares trading down 3.39 per cent, at 778.70p, having fallen as low as 756.7p after Brazil said it would seek around $5.2bn (£3.5bn) in damages from BHP and Vale, co-owners of the Samarco mine, where 13 people were killed after a dam burst. BHP and [...]
Bring on ride-sharing: Uber’s about to launch UberPool in London – making journeys 25 per cent cheaper November 30, 2015 Uber will launch its ride-sharing service in London this Friday, the company said today – although it may be short-lived. The ride-hailing app, which has been heavily criticised by London's black cabbies, said its new service, UberPool, will give Londoners the option of sharing their journey with another passenger heading in the same direction at the same [...]
FTSE 100 demotions and promotions: G4S and Meggitt face fall and Worldpay, Provident Financial and DCC eye upwards move in December quarterly review November 30, 2015 Outsourcing giant G4S faces relegation from the FTSE 100 along with engineering firm Meggitt. The pair face the chop from the prestigious index of the leading companies listed in the UK when it comes up for renewal this week. On the other foot, it's newly listed Worldpay which could take their place with a promotion, as could [...]
Fortnum & Mason gets a pre-Christmas boost with record sales November 30, 2015 Londoners' enthusiasm for posh food continues apace, after luxury food retailer Fortnum & Mason's posted record sales. In the 12 months to July, total sales amounting to £88m for the period – 19 per cent higher than 2014 and 70 per cent higher than five years ago. In addition, profit before tax was 31 per cent [...]
Aberdeen Asset Management’s share price falls on news of higher emerging market outflows November 30, 2015 Aberdeen Asset Management has suffered a decline in total assets for the year, as a result of weaker investor sentiment in emerging markets. The investment giant, which specialises in Asian markets, experienced net outflows of £12.7bn during the three months from July to September. Total assets at the end of the period were valued at [...]
Cranswick results sizzle as Asia goes mad for British pork November 30, 2015 Pork producer Cranswick put in far from its wurst performance in the six months to the end of September, after it posted a 9.9 per cent rise in revenues. The figures It's been a sizzling summer for Cranswick, which said revenues jumped to £529.1m during the period, up from £481.5m during the same period last year. Adjusted profits before tax [...]
Auditors as you’ve never seen them before: EY’s UK financial services leader Omar Ali explains how the big four firm is shaking up the accountancy world November 30, 2015 Shoreditch: it’s home of hip art galleries, a vibrant nightlife and, following its acquisition of digital design consultancy Seren this summer, some of EY’s most cutting-edge offerings. “We spent a lot of time working out what we wanted to do in digital,” explains Omar Ali, when he meets with City A.M. in the Hackney offices. [...]