UK oil and gas: Confidence in the North Sea oil industry plummets to all-time low November 26, 2015 More woes for UK oil, as a new industry report shows confidence in the embattled North Sea oil and gas industry plunging to a new record low. Four in five contractors feel less confident about their prospects now than they did last year, according to the latest Oil and Gas Survey. Unsurprising, perhaps, considering the [...]
Consumers don’t trust UK businesses to keep their data safe from cybercrime after TalkTalk, Carphone Warehouse and Ashley Madison hacks November 25, 2015 From TalkTalk to Carphone Warehouse and Ashley Madison, massive hacks have hardly been out of the spotlight this autumn. It now appears that the constant stream of highly-publicised data breaches have begun taking their toll on UK businesses’ reputation with consumers. Three in four Brits no longer believe that organisations and companies will ever be [...]
Lloyds Banking Group to cut 1,000 jobs as restructure continues November 25, 2015 Lloyds Banking Group is slashing another 1,000 jobs tomorrow, as part of the bank's plans to restructure to a more digital focus. The bank will be officially announcing the job cuts, which will be spread across all operations, tomorrow according to sources to Sky News. The state-backed banking group set a target to reduce its [...]
Autumn Statement 2015: Local councils allowed to take home all receipts from property sales November 25, 2015 Local councils will be allowed to keep all of the money raised from asset sales to reinvest in local services, the chancellor announced today, as part of a wider move to encourage the sale of hundred of billions of pounds of public sector land. In his Autumn Statement speech, chancellor George Osborne said locals governments [...]
Pepsi and Robinsons maker Britvic warns of sluggish start to the year November 25, 2015 Robinsons squash and J2O maker Britvic reported a sluggish started to the year, blaming tough market conditions due to changing shopping habits and increased competition between the traditional supermarkets and their discount rivals. The maker of Tango and PepsiCo brands Pepsi Max and 7UP, reported a 7.1 per cent rise in earnings before interest, tax, [...]
Robinsons owner Britvic warns of sluggish start to the year November 25, 2015 Robinsons squash and J2O maker Britvic reported a sluggish started to the year, blaming tough market conditions due to changing shopping habits and increased competition between the traditional supermarkets and their discount rivals. The maker of Tango and PepsiCo brands Pepsi Max and 7UP, reported a 7.1 per cent rise in earnings before interest, tax, [...]
Securities Association of China: Brokerage Citic Securities makes a $166bn error November 25, 2015 China's biggest brokerage, Citic Securities, massively overstated the value of its derivatives business according to the country's security association. The Securities Association of China (SAC) said today that a monthly report submitted to it by Citic contained inaccurate figures. Read more: Citic fails to impress as its shares float in Hong Kong The statement said new and [...]
Cake maker Finsbury posts sweet performance after munching on new bakeries November 25, 2015 Celebration cake maker Finsbury Food Group reported a huge jump in revenue during its first four months of the financial year thanks to recent acquisitions of rival bakeries. The company, which supplies major baked goods as well as Peppa Pig and Disney Princess celebration cakes to retailers including Morrisons and Marks & Spencer, said sales revenue [...]
Anglo American’s share price slides as HSBC raises dividend and cash burn concerns November 25, 2015 Anglo American's share price has tumbled after HSBC lowered its stock rating on the company to "reduce" from "hold". In mid-morning trading Anglo American's share price was 8.24 per cent down at 415p, the largest faller on the FTSE today. HSBC today said the company is likely to have to spend its cash, despite having cut costs, while [...]
Aldi issues recall alert over halogen oven – and why the supermarket won’t be taking part in Black Friday 2015 November 25, 2015 Aldi has issued a recall notice for a halogen oven sold in the UK over safety fears. Customers who bought the oven, which carries the product code 92746, on 22 October are being asked to return it to their nearest store “immediately”. It was sold as part of a Specialbuy event, the supermarket said. People have [...]