Ofcom: BT charging £1.7m EE bill to Openreach “inappropriate” November 17, 2015 BT has been slammed by Ofcom for trying to let its Openreach division foot part of the bill for its acquisition of rival EE, as the deadline draws near for the telco watchdog’s probe into the UK broadband market. Openreach, which controls the country’s broadband network, has been charged £1.7m for BT’s takeover of EE, [...]
MEPs quizzed 11 multinational companies, including Facebook and Google, on their corporate tax dealings yesterday November 17, 2015 Members of European Parliament (MEPs) gave 11 multinational companies, including Google and Facebook, a five-hour grilling over their corporate tax practices late on Monday. In particular, the Special Committee on Tax Rulings questioned the companies about their transfer pricing arrangements, which affect the prices companies transact at within a group, and their feelings towards the [...]
Rich getting poorer? Private jet industry forecast to slide in 2016 November 17, 2015 Sales of private business jets are anticipated to slow down next year as weakening economies and political conflicts have reduced demand, according to an industry forecast. Honeywell International have found that slow economic growth has taken hold across many global markets, and the "business aviation industry is not immune to its impact". Read more: Airbus [...]
AstraZeneca share price rises as huge price of new cancer drug is revealed November 17, 2015 A month's supply of AstraZeneca's new cancer drug Tagrisso will cost $12,750 (£8,944) per individual, the British drugs company has revealed. Taken as a daily pill, the medicine is used to treat a specific kind of lung cancer for which there are currently no other options. It received FDA approval for use in the US [...]
HomeServe fixes up profit of £26.2m for 2015 half year results as customer numbers continue to rise November 17, 2015 HomeServe this morning revealed adjusted profit before tax of £26.2m for the six months ended 30 September 2015, up less than one per cent from £26m for the same period last year. However, adjusted profit before tax on a constant currency basis would have been £28m, an increase of eight per cent. Net debt for [...]
Lidl becomes official supermarket of the England football team November 17, 2015 England's football team will be indulging in Lidl's selection of discount goods after the supermarket signed a three year deal to become its official food supplier. It will also supply fruit and veg to the Scottish and Welsh national teams. Lidl will also become a backer of the FA's grassroots football initiatives which aim to give professional coaching [...]
EU Volkswagen registrations decline in October as emissions cheating scandal starts to take its toll November 17, 2015 The number of Volkswagens rolling onto Europe’s roads declined in October, a sign that the continent's most popular car brand was losing favour in the wake of the emissions cheating scandal. New Volkswagen registrations across the EU reached 136,345 in October, down 0.2 per cent on the same month last year, according to figures released this [...]
FTSE 100 index opens higher, led by British Land and Smiths Group, despite further losses by Easyjet November 17, 2015 The FTSE 100 opened higher this morning, following rallies in both the US and Asia. The UK's top blue-chip index was 1.16 per cent up at 6,217 points as the market opened. British Land's share price rose 1.89 per cent to 835.5p, after the company reported higher than expected growth in the value of its assets. Underlying pre-tax profit was also [...]
Entertainment One share price rises, bringing home the bacon as profits fly with Peppa Pig plans November 17, 2015 The figures Pre-tax profit at Entertainment One (eOne) shot up 654 per cent to £18.1m in the six months to September, or a more reserved 42 per cent to £39.9m on an adjusted basis. Revenue rose two per cent to £337.1m. [stockChart code="ETO" date="2015-11-17 09:06"] Why it's interesting eOne bought a majority stake in the [...]
Paddy Power’s share price rises as it reports strong underlying growth during “unfavourable” period for sector November 17, 2015 Following a positive first half performance, Paddy Power reported strong underlying growth for the three months to mid-November. Paddy Power's share price rose 1.2 per cent in mid-morning trading on the news. The figures Total net revenue rose nine per cent between 1 July and 15 November. Online sports betting stakes rise 23 per cent, while online total net revenue grew [...]