At the close: FTSE 100 rises despite tourism stocks dropping in wake of Brussels attacks March 22, 2016 Tourism stocks took a hit today in the wake of attacks in Brussels, holding the FTSE 100 index back from closing higher. The index closed 0.13 per cent higher at 6,192 points. "European equities dropped on Tuesday after a coordinated set of terrorist attacks at the airport and metro stations in Brussels sent investors out [...]
Saudi Arabia will go ahead with production freeze deal in April without Iran, sending the oil price up 50 per cent in just two months March 22, 2016 Saudi Arabia has signalled it will go ahead with a deal with Russia and other Organization of the Petroleum Exporting Countries (Opec) members to freeze production in April despite Opec rebel Iran vowing to continue to increase output. The deal, which already includes Venezuela and Qatar, is scheduled to be finalised at a meeting in Doha [...]
UK workers much less interested in salary when job hunting than their global counterparts and much more interested in the job description and type of work March 22, 2016 You may think you can lure top talent to your company by offering them wads of cash, but, if you're recruiting for your UK office, you might be disappointed. A study out today by ManpowerGroup Solutions has discovered that jobseekers in the UK are among the least likely to be motivated by salary, with only a quarter [...]
The City’s Walkie Talkie skyscraper is finally full after CISI snaps up last remaining floor March 22, 2016 The developers behind the Walkie Talkie skyscraper have let the last remaining floor in the building two years after completion in a milestone moment for the City. The Chartered Institute of Securities and Investment (Cisi) has agreed to take the third floor of the Rafael Vinoly-designed building at 20 Fenchurch Street at a rent of around £65 per square feet, City A.M. [...]
EU referendum: A Brexit would make average Briton $30,000 better off by 2020, says report March 22, 2016 The average UK citizen could be $30,000 (£21,000) better off by 2020 than they are today if Britain voted to leave the EU, research by New World Wealth (NWW) has claimed. In a note out today, the wealth intelligence group estimates that the average wealth per person would rise from $147,000 to $180,000 by 2020 if a Brexit went [...]
Brussels attacks: Ryanair, EasyJet, Thomas Cook, InterContinental Hotels’s and American Airlines share prices fall after explosions March 22, 2016 Shares in holiday firms sank today, in the wake of two explosions at Brussels' Zaventem Airport, and a third at the Maalbeek metro station, which are believed to have killed at least 34 people and wounded more than 130 between them. Airlines were particularly affected: Shares in American Airlines, which was said to be the target of this [...]
Primary Health Properties launches £120m equity raising to fund buying spree March 22, 2016 Primary Health Properties (PHP) has launched a £120m equity raising to help pay down debt and increase its war chest for healthcare property acquisitions. The listed-company will issue of up to 120m shares at a discounted price of 100p a share compared with yesterday's closing price of 110.50p. It can also decided to increase the size of the Issue [...]
Bellway’s share price rises as profits smash expectations March 22, 2016 Bellway shares rose 3.6 per cent in morning trading after the UK housebuilder beat analyst expectations, reporting a near 43 per cent jump in profits to £226.6m in the first half to 31 January. The family-owned group's better-than-expected profits was largely due to its operating margin, which came in at 21.4 per cent compared with 19.9 per cent the same [...]
Majestic-owned Naked Wines raises glass to record £100m sales March 22, 2016 It has been a challenging year for Majestic Wine with a lack of good news to toast to. However, the company had reason to cheer today after announcing that its younger crowdfunding business Naked Wines has hit a milestone £100m of sales. Majestic bought Naked Wines for £70m in April last year to help boost its online presence [...]
John Lewis Partnership hires British Airways boss Keith Williams as new deputy chairman March 22, 2016 The John Lewis Partnership has appointed British Airways' outgoing boss Keith Williams to take over Mark Price as its new deputy chairman. Williams is already a member of the Partnership board after joining in March 2014 and will succeed Price on 4 April, who is leaving his dual role as deputy chairman and Waitrose managing director to take up [...]