Pets at Home share price falls despite rising sales October 30, 2015 Shares in Pets at Home slumped seven per cent to 290.4p in lunchtime trading, even though it posted a six per cent rise in revenue to £404.5m in the first half of 2015. In the six months to 8 October, total revenues for the pet retailer rose six per cent to £404.5m. The company posted like-for-like sales growth of 1.8 per [...]
Zombie accounts take a bite out of UK savings October 30, 2015 On the eve of Halloween, almost half of UK savers are at risk of being bitten by zombies warns peer-to-peer lender, RateSetter. Two in five people have no idea about the rate paid on their savings and are in danger of being bitten by ultra-low interest rates, the study of over 2,000 people found. And scarily, that rises to almost half [...]
Valeant severs ties with Philidor following share price plunge October 30, 2015 Valeant Pharmaceuticals is “severing all ties” with Philidor, a pharmacy group controlled by the drugs giant. The Canadian company's share price closed over five per cent lower yesterday after two major US healthcare companies put an end to doing business with Philidor. Shares in Valeant continued their fall, diving as much as 15 per cent in after-hours [...]
Eurozone creeps out of negative inflation as consumer price index inches up to zero in October October 30, 2015 The Eurozone crept out of negative inflation this month, although it remains way below the European Central Bank's target of just under two per cent. Year-on-year CPI growth was flat, having fallen 0.1 per cent in September, according to a flash estimate by Eurostat out today. European Central Bank boss Mario Draghi has said the emerging market slowdown and financial market turbulence [...]
Where are the UK’s £1m houses? These London boroughs sold more £1m-homes than Scotland, Wales and the rest of the UK combined October 30, 2015 All but two of London's boroughs have had more £1m-houses sold so far this year than the whole of Scotland. From January to the end of August just two local authorities – Dagenham & Barking and Newham – have had no sales of £1m-homes, placing them in the same position as Scotland. But even when compared to Wales, where 14 [...]
UK house prices: Combined wealth of UK property investors rises 40 per cent in a year, hitting a record £306bn October 30, 2015 The UK's real estate investors are richer than ever before, with £306bn of wealth – a new record. That's according to the Estates Gazette Rich List, which said this was the first year the figure had risen above £300bn. It's a 40 per cent jump since 2014, when the total figure was £218.3bn. What's surprising is [...]
AB InBev share price rises on soaring Mexican sales ahead of SABMiller megabrew deal October 30, 2015 Sales are soaring for the world’s largest beer brewer, thanks largely to a booming Mexican beer market. The figures AB InBev reported that normalised earnings, before interest, tax, depreciation and amortisation rose by 9.6 per cent in the third quarter to $4.4bn, against the same period last year. Earnings per share were down to $1.02 [...]
British Airways owner IAG share price falls as airline reveals first-ever dividend October 30, 2015 International Airlines Group's share price fell this morning as the group announced its first dividend pay-out as revenues soar. The figures Operating profit climbed up to €1.25bn from €900m for the three months to 30 September. Excluding Aer Lingus, which it acquired this summer, the figures were still strong: that figure reached €1.21bn. Revenues climbed 15.2 per cent to €6.75bn. [...]
BG Group profits, turnover drops as oil price tumbles October 30, 2015 BG Group has issued a set of results worthy of Halloween, with EBITDA slumping 37 per cent in the third quarter as the continued oil price falls and currency woes take their toll. The figures Revenue and other operating income fell nine per cent to $4.15bn (£2.7bn) for the three months, which BG Group put down [...]
Bubble bubble housing trouble: London’s property market is scarily close to a crash October 30, 2015 London's housing market is teetering on the brink of a crash after two years of “explosive” growth that has turned it into one of the most overvalued cities in the world, economists at UBS have warned. The news comes as research released today from YourMove and Reeds Rains shows that record numbers of aspiring homeowners believe [...]