Iron ore price falls back below $50 mark for the first time in three months October 28, 2015 Iron ore fell below the $50 mark for the first time since July, as concerns over oversupply from China deepened, against a backdrop of falling global demand. Ore with 62 per cent content for immediate delivery to China slumped three per cent to $49.95 this morning, according to Metal Bulletin. Iron ore, a steelmaking raw material, [...]
Heathrow Airport revenues jump as boss insists it will “fill a gap in the UK’s long-term economic plan” October 28, 2015 The chief executive of Heathrow today said that the London airport's expansion would “fill the gap in the UK's long-term economic plan”, on the back of “robust” nine-month financial results. The group's revenue rose 4.1 per cent over the period to £2.07bn, while adjusted core earnings went up 4.4 per cent to £1.22bn. The company benefited [...]
GSK share price rises as sales jump 11 per cent October 28, 2015 Shares in GSK have shot up after the company reported strong sales and an optimistic outlook. The figures GSK reported strong sales growth in the third quarter, sending shares up 4.2 per cent to £14.26 in afternoon trading. Over the three month period, the UK drugs company's group sales rose 11 per cent to £6.1bn [...]
Land Registry: London house prices hit half million-pound mark October 28, 2015 UK house prices rose by 5.3 per cent in the year to September, with the price of an average London property reaching half a million pounds for the first time, Land Registry figures show. London posted the biggest annual rise of 9.6 per cent in September and also outpaced the rest of the UK on a [...]
Standard Life share price edges up as it posts encouraging performance against volatile market October 28, 2015 Standard Life revealed today assets under administration (AUA) had crept up 2 per cent to £301.9bn in the third quarter. Standard Life Investments, the asset management division of the Standard Life group, also announced that it had continued to expand its global reach, with 64 per cent of net inflows in the year to date [...]
Which? outraged by TalkTalk’s hard line on compensation claims – but there may be a loophole to avoid paying a termination fee October 28, 2015 TalkTalk took a hard line on customers hoping to end their contracts after the massive hack against the telecoms giant. Consumer rights groups are enraged – but a loophole may make it possible to leave without paying after all. The prospect of a mass exodus of TalkTalk customers worried about the safety of their data [...]
Meggitt share price tumbles as it warns on full-year profits and considers 300 job cuts amid slow sales October 28, 2015 Shares in Meggitt tumbled as much as 22.9 per cent this morning after the engineering company warned on its full-year profits amid challenging market conditions, which could lead to 300 jobs cuts. The FTSE 100-listed firm said challenging trading conditions would lead to full-year underlying operating profit coming in "meaningfully below" its current estimate of £369m. In response, Meggitt could axe 300 jobs globally [...]
Lloyds Banking Group’s share price falls as it reports 28 per cent increase in profits before tax as PPI lingers on October 28, 2015 Lloyds Banking Group's share price was down 4.7 per cent at 73.7p in early trading as it revealed a large rise in pre-tax profits, but a higher-than-expected drop in underlying profits, despite a fall in costs. The figures The banking group posted a 28 per cent increase in profits before tax for the third quarter, up [...]
Volkswagen’s share price rises as the company reports a net loss and admits earning targets for 2015 will be adjusted October 28, 2015 Volkswagen's share price rose three per cent in early trading as it reported a €1.67bn (£1.2bn) loss after tax for the third quarter. The loss was largely the result of the €6.7bn charge VW said it will take to cover the costs of the emissions crisis. Or, in its words, the "diesel issue". Last year VW reported a profit after tax [...]
British American Tobacco share price rises on better-than-expected sales October 28, 2015 Sales at the world’s second-largest tobacco firm beat expectations, but exchange rates are still a headache and British American Tobacco warned it hasn’t been left unaffected by the “slower than expected” global recovery. The figures British American Tobacco reported sales growth of 4.2 per cent in the first nine months of the year, ahead of analysts’ [...]