At the close: FTSE 100 enjoys best two back-to-back days since October as it closes higher as miners make gains November 26, 2015 The FTSE 100 closed higher today as miners made gains, despite BHP Billiton sliding. The UK's top blue-chip index closed 0.88 per cent up, at 6,393 points, following the 0.96 per cent gain yesterday on the back of the chancellor's budget plans that sent housebuilders' stocks higher. Glencore led the pack, closing 5.85 per cent up at 95.88p per [...]
Class action suit brought against Barclays, BNP Paribas and eight more November 26, 2015 Big-name banks including Goldman Sachs, Barclays, UBS and the Royal Bank of Scotland have been accused of conspiring to limit competition by a pension fund in the US. The class action lawsuit filed yesterday says that the banks, which also include Bank of America Merrill Lynch, JPMorgan Chase, Citigroup, Credit Suisse Group, BNP Paribas and [...]
Shares rise at travel caterer SSP as summer holiday-makers boost profits November 26, 2015 Travel catering giant SSP posted a surge in full-year profits thanks to a rise in customers dining at their airport restaurants and cafes this summer before jetting off on holiday. The FTSE 250 company also paid its first full year dividend to 4.3 pence per share since its £1bn debut on the London stock market last [...]
Quindell share price rises slightly as it says trading to be suspended as court hearing looms November 26, 2015 Shares in embattled Quindell will be suspended from trading next month, to avoid wild price swings ahead of a hefty payout to its shareholders as well as a court hearing. Quindell said shares will be suspended from 7.30am on December 16 to the market opening on Monday 21. "Due to the gap between the record [...]
Property grandee Mike Slade to step down as chief executive of Helical Bar November 26, 2015 Property grandee Mike Slade has announced he will step down as chief executive of FTSE 250 developer Helical Bar next year after more than three decades at the helm. Slade is one of the industry’s jolliest characters, who is as likely to be found racing his yacht the Leopard as he is in his company’s [...]
More cost cutting to come at Charles Stanley November 26, 2015 Costs will continue to be cut at broker Charles Stanley as it works to transform itself into a holistic wealth manager over the next three to five years. The news of further cuts comes as the company reports its half yearly results, with profit at its core business up 200 per cent to £3m. Chief executive [...]
Blame it on the rain: bad weather can mean bad news for £8.7bn of grocery market November 26, 2015 It turns out there is actually some science behind retailers complaining about the British weather. A new report released today by The Weather Channel took a look at the relationship in the UK and found some evidence supporting the theory that bad climate means bad business, with 6p for every £1 spent in the grocery sector dependent upon [...]
Osborne’s dreams of new affordable housing could crumble if the construction sector cannot recruit at least a million more workers November 26, 2015 The construction industry will need to recruit at least a million more workers over the next five years if George Osborne’s hopes of new homes are to be realised. According to specialist recruiter Randstad CPE, the UK housebuilding sector needs a workforce of nearly 2m to keep up with housing demands. Owen Goodhead, managing director [...]
Eurozone money supply hits second-fastest growth rate since 2009 in October November 26, 2015 The Eurozone’s money supply grew at its second fastest rate since 2009 in October, according to figures released today by the European Central Bank (ECB). Lending to the private sector expanded at its joint quickest rate since 2012. The Eurozone’s M3 money supply, which adds up the notes, coins and bank deposits held by Eurozone consumers [...]
Quindell buyer Slater & Gordon share price halves after George Osborne reveals plans to overhaul to personal injury law November 26, 2015 Slater & Gordon shares crashed today, leading the company to lose half of its stock market value, following changes to UK personal injury law. Shares in the Australia-listed law group, which snapped up Quindell's legal arm earlier this year, were down 51.4 per cent to 0.94 AUD at the close. It came after the UK government [...]