Euro loses one per cent against the dollar as markets feel the impact of quantitative easing March 10, 2015 The euro has fallen further against the dollar today, after the European Central Bank (ECB) launched its much-anticipated quantitative easing programme. The single currency briefly fell below the $1.07 mark in late afternoon trading, or down more than one per cent, taking it to its lowest level since 2003. It wasn't helped by the [...]
IGas share price jumps 20 per cent after Ineos deal March 10, 2015 Shares in IGas have jumped this morning, after the announcement of its £30m shale gas deal with Switzerland's Ineos, which will give the latter access to IGas shale sites in the north west and East Midlands regions of England. IGas, the UK's biggest shale gas explorer, saw its share price jump 23 per cent at 30 [...]
FCA says payday lenders are failing customers after 12 month review March 10, 2015 Many of Britain's payday lenders are failing to treat their customers fairly, according to the Financial Conduct Authority (FCA). After a twelve-month review of the sector's regulation that covered 60 per cent of the market, the FCA was left unsatisfied. The regulator said the payday loan industry was still playing host to "unacceptable practices". A [...]
Grocery price war continues: Tesco’s rebound hurts Asda as Aldi reaches record market share March 10, 2015 Tesco's return to growth is stealing market share from Asda, according to the latest figures from Kantar Worldpanel. The sector as a whole is still hugely competitive: the grocery price war has driven supermarket deflation to a record level of 1.6 per cent for the 12 weeks to March 1. Kantar estimated that this had [...]
London Stock Exchange “1000 companies to inspire Britain” 2015: London leads competitors Greater Manchester and Essex March 10, 2015 Specialty beer firm BrewDog, challenger bank Metro Bank and high-street café Patisserie Valerie are all among the "1000 companies to inspire Britain" named by the London Stock Exchange. The report, supported by Lloyds Bank, the Business Growth Fund and Cenkos Securities, is in its second year. Most of the companies more than doubled their revenue in [...]
Aldermore share price jumps on its first day of trading March 10, 2015 Shares in Aldermore rose 10 per cent to 212p as its first day of conditional trading began on the London Stock Exchange this morning. The challenger bank priced its offering of 34.8 per cent of issued share capital at 192p per share, near the top of its 155p-195p range. The price gave it a market [...]
Prudential share price slides despite profit rise as Tidjane Thiam prepares move to Credit Suisse March 10, 2015 The numbers Prudential has reported a profit before tax of £2.6bn for 2014 – 60 per cent up from the previous year. Operating profit rose 14 per cent to £3.1bn. The company's full year dividend climbed by 10 per cent to 36p per share. The Pru's capital surplus is estimated to stand at £4.7bn. Why it's [...]
Ocado sales jump 19.2 per cent as company says it expects to keep growing ahead of the curve March 10, 2015 The figures Ocado’s group sales jumped 19.2 per cent in the 12 weeks to 22 February, rising to £271.1m, from £227.5m during the same period last year. Meanwhile, retail sales were up a similarly impressive 15.2 per cent to £252.0m, two months after the company reported its first profit. Ocado said that on 22 February it had [...]
G4S share price rises on back of higher profits March 10, 2015 The numbers Outsourcing firm G4S has reported a pre-tax profit of £148m for 2014 – up from a loss of £190m the previous year. Revenue climbed 3.9 per cent to £6.7bn while earnings per share increased to 13.6p from 12.9p. Profit before interest, tax and amortisation was in line with City estimates at £424m – 7.9 [...]
The US dollar has just hit an 11 year high March 10, 2015 The US dollar hit an 11-and-a-half year high after it gained half a per cent on the dollar index, rising past the 98 mark. The measure pits the dollar against a selection of other currencies and it shows the dollar has risen by 34 per cent since September 2003. The latest bump came during the [...]