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 [...]
UK house prices: Generation rent to fall further from the property ladder as only one in four will own a home by 2025 November 17, 2015 In ten years time only 26 per cent of so-called “generation rent”, those aged between 20 and 39, will own their own homes according to a study by accountants PwC. In 2013, 38 per cent of those in that age group had bought a house. The amount of 20-39 year olds renting privately by 2025 [...]
Reduced buy-to-let tax relief causing concern for UK landlords November 17, 2015 The fall in landlord buy-to-let tax relief is a major factor for 50 per cent of all landlords currently looking to sell, according to a survey by estate agents Your Move and lettings agent network Reeds Rains. In the summer budget George Osborne cut buy-to-let tax relief to the 20% basic rate. Despite most of [...]
London rent price rise 2015 defies traditional Autumn slow down November 17, 2015 London rents continued to climb in October, up 0.8 per cent, hitting an average of £2,063 despite the seasonal slowdown usually associated with Autumn months. The data suggests that London’s housing shortage, falling unemployment rate, and growing pay is the cause, according to the analytics company MIAC in its monthly Landbay Rental Index. So far [...]
Cable & Wireless chief Phil Bentley on Liberty Global takeover: “This is an offer that doesn’t come along every day” November 16, 2015 Cable & Wireless chief exec Phil Bentley said the deal with Liberty Global would boost growth helped by the sheer scale of Liberty Global’s business. “We’re a $2.5bn business, and Liberty Global are an $18bn business,” Bentley said to City A.M. shortly after announcing that his company had agreed to Liberty’s £3.5bn takeover offer after [...]
FTSE 100 ends higher despite being weighed by tourism stocks after Paris attacks November 16, 2015 The FTSE 100 has rebounded to be trading flat in mid-afternoon trade, after it opened lower this morning, led higher by mining stocks despite tourism stocks including airlines and hotels falling in the wake of the deadly attacks in Paris on Friday night. The UK's top blue-chip index was up 0.5 per cent to 6,146.38 points at the close. International Consolidated Airlines [...]
Liberty Global to buy Cable & Wireless in £3.5bn deal November 16, 2015 John Malone's Liberty Global is taking over Cable & Wireless Communications, as the telco firms announced today they’d reached an agreement on a $5.3bn (£3.5bn) deal which will strengthen Liberty Global’s position in the Caribbean. The agreement follows on weeks of negotiation talks between the companies. Liberty Global’s intentions were made public on 22 October, [...]