Rolls-Royce share price rises as more job cuts announced October 5, 2015 Rolls-Royce has announced it will cut 400 more jobs in its marine business, as it attempts to reduce company costs in the face of falling oil prices. The cut, which will be completed by the end of the year, is in addition to the 600 job losses announced in May. The job cuts [...]
Ryanair’s passenger numbers soared in September October 5, 2015 The number of passengers flying Ryanair has soared 12 per cent, with 9.55m traveling on the Irish airline in September, compared with 8.49m last year. Load factors – how many seats were filled – increased four percentage points to 94 per cent. "These record monthly numbers and load factors are due to our lower fares, [...]
Glencore share price leaps 72 per cent in Hong Kong October 5, 2015 Shares in troubled miner Glencore surged as much as 72 per cent to HK$18.36 during trading in Hong Kong today. In a statement this morning, the company said it was "not aware" of any reason behind the price rises. The board confirms that it is not aware of any reasons for these price and volume [...]
UK Oil & Gas sites could yield 2,500 barrels of oil a day October 5, 2015 Sites owned by "Gatwick Gusher" company UK Oil & Gas could yield as much as 2,500 barrels of oil a day, according to consultants. As part of an evaluation into sites in the Weald and Purbeck-Wight Basins of southern England, where Ukog owns 11 licences equivalent to 650 square kilometres, Xodus Group and Barton Willmore [...]
It’s official: Google is now Alphabet as restructuring process comes to an end October 5, 2015 Google's transition to Alphabet is now complete, the company confirmed last night. In a statement posted on its investor relations site, it said the restructuring process was due to be finished by the end of the day, and that on Monday Google shares will be traded under Alphabet for the first time. Google [...]
Losses widen at shirt-maker Austin Reed October 5, 2015 Losses at Austin Reed widened last year after a torrid trading period that resulted in the retailer closing 31 stores to pay down debts. The 114-year-old tailor, which counts International Monetary Fund chief Christine Lagarde among its customers, posted a £5.4m loss in the year to 31 January, compared with a £1.3m loss the previous [...]
HMV sets sights on international growth as turnaround pays off October 5, 2015 Music retailer HMV is gearing up for expansion overseas following a dramatic turnaround just two years after being rescued out of administration. The company is said to be in talks to take its website into 10 other countries, primarily in Europe. Paul McGowan, HMV’s chairman and the founder of restructuring firm Hilco, which bought the [...]
High street chain River Island in fashion as sales and profits soar October 5, 2015 River Island saw profits jump by almost 70 per cent last year, boosted by the rise in mobile shopping and recent collaborations with popular celebrities such as Rihanna. The fashion chain, which is privately owned by the Lewis family, reported pre-tax profits of £149.1m in 2014 compared with £88m the previous year. Sales increased by [...]
UK banks boost the number of female directors October 5, 2015 Women make up almost one-third of board members at Britain’s biggest banks, according to a new report out today from the financial services recruitment firm Astbury Marsden. The recruiters say that the share of female board members has risen by more than 50 per cent in just three years, from 19 per cent to 31 [...]
Shawbrook poaches big hitter Steve Patemen from Santander October 5, 2015 Challenger bank Shawbrook has snatched a top exec from Santander UK, saying over the weekend that Steve Pateman would take over as chief executive at the start of 2016. Pateman was an executive director and head of UK banking at Santander UK, running the firm’s corporate, commercial, business and retail banking operations along with wealth [...]