Ryanair’s been hacked for millions via Chinese bank April 29, 2015 Ryanair has been targeted by hackers who have stolen nearly $5m (£3.25m) from the airline's bank account. The cash was taken from the budget airline by electronic transfer via a Chinese bank, the Irish Times reports. Ireland's Criminal Assets Bureau is investigating the crime, which took place last week, and is working with authorities in [...]
Next share price edges higher following sales jump April 29, 2015 The figures Next's share price edged slightly higher by more than three per cent this morning, after the company reported batter-than-expected sales in the past three months thanks to temperate winter and spring weather. Full price sales rose 3.2 per cent in the period, beating the zero to three per cent rise the company itself forecast [...]
Only 43 homes listed for sale in London are “affordable” for the average family April 29, 2015 Just 43 homes listed for sale in London are classified as "affordable" to the average family, new research has suggested. That's 0.1 per cent of the market – and it includes houseboats and a mobile home. The study, by housing charity Shelter, found 34 of those properties has "incorrect information" in their listings, were likely [...]
Endurance International hits back at Gotham City claims April 29, 2015 Endurance International Group – the Nasdaq-listed firm that was targeted yesterday by short seller Gotham City – has dismissed its claims as “baseless and not rooted in reality”. Yesterday the shadowy analyst firm identified EIGI as a company “that gets us as excited as Quindell and Gowex did”, putting a zero-dollar price target on [...]
TSB profit rockets 153pc on last quarter April 29, 2015 The figures Profit before tax at TSB jumped 153 per cent in the first quarter of 2015 compared to the last quarter of 2014, to £34.2m. That said, on the same quarter last year, profits fell 27 per cent – down from £47m. That reflected higher costs, partially offset by continued improvement in impairment losses, the bank said. The [...]
Greggs share price edges up as it serves up £20m special dividend April 29, 2015 The figures Proof of the might of the humble sausage roll: bakery chain Greggs said like-for-like sales rose 5.9 per cent in the first 16 weeks of the year, up from 3.8 per cent during the same time last year. It's completed 69 shop refurbishment, and plans to refit a total of 200 to 220 stores this year. It also opened 24 new [...]
Sainsbury’s share price drops after chief executive Mike Coupe is sentenced to two years in an Egyptian jail April 29, 2015 Sainsbury's has strongly denied any wrongdoing after its chief executive Mike Coupe was sentenced to two years in prison for alleged embezzlement. Coupe was compelled to attend a court hearing in Giza, Egypt in September after he was accused of attempting to seize cheques linked to a business the supermarket invested in 16 years ago. [...]
Barclays sets aside £800m for Forex as profits fall 26 per cent April 29, 2015 Barclays has put aside £800m to cover potential costs mainly resulting from legal action over alleged foreign exchange manipulation. The figures The bank made the announcement as part of its first quarter results, which revealed a 26 per cent drop in statutory profits, which came in at £1.34bn. The drop was mainly down to one-off [...]
Nationwide House Price Index: UK house prices hit a new record high April 29, 2015 UK’s house price growth rose by an annual rate of 5.2 per cent in April, a small rise from March’s figure of 5.1 per cent. This put the average cost of a house in the UK at £193,048, the highest since records began. The figures According to data from Nationwide, UK house prices rose one per [...]
Deutsche Bank share price falls as pressure rises on bosses in wake of Libor rigging fines April 28, 2015 Deutsche Bank’s share price fell again yesterday as investors failed to warm to the German lender’s latest strategic plan. The stock has fallen eight per cent since the bank was fined £1.7bn last Thursday for attempting to manipulate Libor – the latest in string of problems for the bank, resulting in mounting pressure on [...]