Allergan share price soars on confirmation of possible mega-merger with Pfizer October 29, 2015 Allergan has confirmed it is considering joining forces with Pfizer to create the world's biggest drugs company. In a statement, the company said it was "in preliminary friendly discussions regarding a potential business combination transaction" with Pfizer. It added that there was no guarantee of a deal: No agreement has been reached and there can [...]
Citizens Advice: Debt among young adults is soaring October 29, 2015 Young adults are having more money problems than ever before, according to a new report out today from Citizens Advice. The charity says that the number of people between the ages of 17 and 24 asking for advice on debt issues has risen by more than 20 per cent in the last year – and their average [...]
Nationwide house prices index: UK house prices rise again in October October 29, 2015 Ever feel like you're repeating yourself? House prices have risen again, new figures showed today, with prices rising 3.9 per cent in the year to October, up from 3.8 per cent last year. The Nationwide House Price Index showed the average price has now crept up to £196,807, up from £195,585 this time last year. That's [...]
Emerging markets and commodities: These are 2015’s seven worst-performing funds October 29, 2015 To say investors have been having a rocky 2015 is putting it mildly, with concerns over China’s worsening slowdown, a continuing commodities rout, and emerging markets getting pummeled. And all that before Black Monday came along and pulled the rug from under our feet as Chinese stocks fell to the floor on 24 August. But [...]
Deutsche Bank Strategy 2020: Everything you need to know about Deutsche’s turnaround plan October 29, 2015 Deutsche Bank unveiled a €6bn (£4.4bn) loss this morning: it's less than the €6.2bn it warned of in October, but suggests something needed to change. And lo, new chief executive John Cryan spent the morning outlining Strategy 2020, his plans to turn the bank around. Here's a breakdown of his plans: 1. Cutting jobs – and clients [...]
Playtech share price rises on soaring sales October 29, 2015 Playtech’s sales have been soaring in the last quarter, pushing the gambling softwares company’s shares up. The figures Playtech reported revenues of €170.9m (£122.5m) in the third quarter of 2015. This is up 47 per cent against the same period last year. Adding back the impact of taxes, exchange rates and excluding the company’s recent [...]
Deutsche Bank share price dips as it posts €6bn loss and announces plans to cut jobs October 29, 2015 Embattled lender Deutsche Bank posted a €6bn (£4.3bn) loss for its third quarter, adding it will cut thousands of jobs as part of its turnaround plan. Still, that loss isn't as bad as the €6.2bn loss it warned of in October… Read more: Deutsche Bank's big shake-up – here's everything you need to know The figures [...]
BT’s share price rises after it reports adjusted pre-tax profits rise 15 per cent for the first half of the year as new customers are added October 29, 2015 BT added a record number of television customers in the second quarter, reporting a 15 per cent rise in adjusted pre-tax profits for the first half. BT's share price rose 0.8 per cent in early trading on the news. The figures BT reported adjusted profit before tax of £642m for the three months to the end [...]
Barclays’ share price falls as it reports a 10 per cent slide in adjusted pre-tax profits for the third quarter October 29, 2015 Barclays reported adjusted pre-tax profits to have fallen, missing expectations. Barclays' share price fell 3.34 per cent in early morning trading on the news. The figures Barclays reported a 10 per cent fall in adjusted pre-tax profit to £1.43bn for the third quarter, from £1.85bn last quarter and £1.59bn for the same period a year ago. [...]
Unnecessary rules, inadequate resources and office politics top the reasons for poor employee productivity October 29, 2015 Fussy managers may be responsible for slowdowns in the workplace, as having unnecessary rules came top of a list of reasons for poor productivity in a study released today by the Chartered Institute of Personnel and Development (CIPD). The CIPD’s latest Employee Outlook Survey, which was prepared in partnership with Halogen Software, also points the [...]