Arm Holdings share price jumps as revenues rise 24 per cent October 21, 2015 Arm Holdings, the UK chip designer – and one of the darlings of Cambridge's burgeoning tech scene – said pre-tax profits jumped almost a third in the three months to the end of September. The figures The company said revenues had risen 24 per cent to £243.1m in its third quarter, pushing profits before tax up 27 per cent to £128.4m. The [...]
Sky shakes off competition with profit rise despite Champions League loss October 21, 2015 Sky has shaken off rivals with a 10 per cent rise in profits while a 77 per cent surge in broadband subscribers was its biggest quarterly growth in four years. Operating profit across Sky Europe of £375m was slightly ahead of expectations for the three months to the end of September on revenue of £2.8bn, [...]
Japan’s export growth slowed sharply in September October 21, 2015 Japan's annual export growth crumbled last month, dragged down by shrinking sales in China and Asia, keeping pressure on economic policymakers who are due to meet later this month. Ministry of Finance data released today showed exports rose just 0.6 per cent in the year to September, falling short of a 3.4 per cent growth forecast [...]
Telecoms customer complaints have risen 35pc since 2012 October 21, 2015 It might not come as a surprise, but there are plenty of unhappy telecoms customers – 15,542 of them have complained over the past nine months, a 35 per cent increase over the past three years. The Ombudsman Services will release figures today showing that there has been a five per cent increase from this [...]
City executives including Trinity Mirror’s Sly Bailey plan exchange for real estate October 21, 2015 A team of high-profile City executives is preparing to launch the world’s first exchange to trade shares in companies that own single commercial property assets, opening up commercial property investment opportunities to a wider range of investors. The venture, London Real Estate Exchange Limited, has been working on plans for months to allow the owners [...]
The nightmare before Christmas: Aldi and Lidl hammer Asda, Morrisons, Sainsbury’s and Tesco October 21, 2015 Britain's biggest supermarkets are facing a crunch Christmas as the pressure from German discounters Aldi and Lidl is ramped up, with experts warning of a bloody battle for this year’s festive season. The German duo have both seen growth rates return to over 17 per cent in the past three months, according to data from [...]
City Hall Tories want control of stamp duty October 20, 2015 Conservatives in City Hall want Whitehall to hand control over stamp duty to local authorities – and are bolstering their case by claiming devolution could lead to more than 40,000 new homes in London each year. Greater London Authority (GLA) Conservatives said today that City Hall could finance the building of 42,614 homes each year [...]
Londoners face further rental rate increases October 20, 2015 There is no slowing down for rental rates in the capital, with the average cost per month for a one-bed flat coming in at over £1,000 in three quarters of boroughs. Only nine London boroughs have average rents for one-bed flats below £1,000 per month now, according to the monthly Landbay Rental Index. This is [...]
Young Workers Index: German-style training could boost UK GDP October 20, 2015 If the UK could bring down the number of young people not in work or education to German levels, the economy would be boosted by around £55bn, according to PwC’s Young Workers Index. The index measures the labour market impact of workers aged between 20 and 24 across Organisation for Economic Co-operation and Development (OECD) [...]
George Osborne faces more tax credit pressure October 20, 2015 Pressure is building on chancellor George Osborne to reconsider his plans to slash tax credits, with Labour and Conservative MPs alike attacking the proposals ahead of an expected “fatal motion” in the House of Lords. MPs debated the tax credit cuts in the House of Commons yesterday, with new Tory MP Heidi Allen drawing attention [...]