London house prices: As rents keep rising, here’s how the Monopoly board looks in 2015 June 11, 2015 Click to see table in a new window There has been a shake-up in the London property price hierarchy, and the most profitable places to be a landlord have moved dramatically. That well-established measure of London property values – the humble Monopoly board – has been shaken and stirred by fluctuations in the market, and [...]
Swedish krona jumps against the euro as it climbs out of deflationary spiral June 11, 2015 The Swedish krona jumped against the euro this morning after official data showed it had come out of deflation for the month of May. The krona rose more than one per cent to 0.108 against the euro, and 0.56 per cent to 0.1217 against the dollar. Prices in the country rose 0.1 per cent in [...]
Alibaba founder Jack Ma’s three tips for small business owners June 11, 2015 If there's one person small business owners would want to learn from, the richest man of the world's second-largest economy who was also the guiding force behind the biggest IPO in history wouldn't be far down the last. Luckily, Jack Ma has shared his three tips for small business owners in a conversation with American [...]
Royal Mail share price drops as government nets £750m from sale of 15 per cent stake June 11, 2015 The government sold off half its remaining stake in the Royal Mail this morning at 500p per share – half again as much as its original price when it listed in October 2013. Read more: Lessons learned as final parcel of Royal Mail goes on sale The offer netted the government £750m, leaving it with [...]
South Korea cuts interest rate to record low amid Mers outbreak June 11, 2015 South Korea has had to slash its benchmark interest rate to a record low amid a deadly outbreak of the Middle East Respiratory Syndrome (Mers). Bank of Korea cut its main interest rate by 0.25 per cent taking it to 1.5 per cent amid dampening domestic demand and slowing exports. "In particular, we are concerned [...]
The Competition and Markets Authority issues “final order” demanding Ryanair sell its Aer Lingus holding to British Airways parent IAG June 11, 2015 The Competition and Markets Authority has issued a final order that Ryanair sell down its stake in Aer Lingus, reducing its holding from 29.8 per cent to five per cent – but Ryanair has hit back at what it calls a "ridiculous" ruling. It follows a decision by the Irish government last month to [...]
UK Oil and Gas Investments share price slides after funding announcement June 11, 2015 Shares in the firm exploring oil reserves in the Weald Basin near Gatwick airport have opened lower following a new round of funding. UK Oil and Gas Investments shares were as much as four per cent lower in early trading after it announced a share sale raised £6m after Wednesday's market close. Shares closed down [...]
Standard & Poor’s lowers Greece’s credit rating to CCC, warns it could be downgraded further June 11, 2015 Well, this is a surprise. Standard & Poor's has lowered Greece's credit rating one notch to CCC and said it could be lowered again within the next year as the country's financial situation worsens. Although normally S&P would be restricted from altering its rating of Greece outside a “pre-established calendar”, the agency said [...]
Mulberry share price rises as it shows signs of recovery despite profits plunging 74 per cent June 11, 2015 Mulberry is starting to see light at the end of the tunnel, despite posting a loss for its full-year trading this morning. The figures: The bag brand's pre-tax profits plummeted 74 per cent to £4.5m – but this was actually better than expectations. After tax the British firm made a loss of £1.4m, down [...]
Argos sales fall 3.9 pc in disappointing quarter for Home Retail Group June 11, 2015 Argos sales for the first quarter of 2015 were disappointing, with market declines leading to sales in electrical products falling. The figures Like-for-like sales at Argos declined 3.9 per cent to £846m over the 13 weeks to the end of May, with total sales falling 2.6 per cent on 2014, after "declines in key electrical and seasonal product [...]