Here’s why Ocado’s share price has slumped this morning September 13, 2016 Ocado's share price fell more than 10 per cent in early trading this morning, despite the company announcing retail sales growth of over 13 per cent. The stock had dipped by almost 15 per cent before noon, in a sell-off sparked by comments from the delivery service's chief executive Tim Steiner, who said the company is facing continued margin [...]
Plastic fantastic: The new fiver has gone into circulation today September 13, 2016 A mini revolution in British banking becomes reality today, with the most eagerly-anticipated launch of a bit of paper in living memory. That's because this isn't just any old bit of paper. This is a Bank of England bit of paper. And, truth be told, it isn't even paper. Read more: Who's going to be [...]
Seven major features you’ll get with iOS 10 September 13, 2016 With iOS 10, Apple is bringing several new updates to the iPhone that anyone with a 5 model or later can enjoy (forget having to fork out for the newest iPhone 7). What exactly are you getting? Lot's of fun features, including what Apple's called "emojification" and being able to pay someone via a simple [...]
JD Sports warns Brexit may cause “headwinds on margin” next year September 13, 2016 JD Sports' share price has hit a record high after the company reported a jump in profits today — but the retailer has warned that the fall in sterling could cause some headwinds next year. The figures Pre-tax profits for the sports fashion retailer grew by 66 per cent for the 26 weeks to 20 July, reaching £77.4m as [...]
Paws for thought: Should you be allowed pets in your office? September 13, 2016 How would you feel about a colleague bringing their pet to your workplace? Maybe you’re having a ruff time, feline a bit down, and a furry friend would brighten up your day. Perhaps a yapping mutt would be a cat-astrophic distraction, leaving you fur-ious by the end of the day. Following Brexit, last week our politicians [...]
Ocado posts strong results – but the company is worried about the ongoing supermarket price war September 13, 2016 Ocado, the food delivery service, celebrated a positive set of results today but said the supermarket price war will drag on for some time. The group's share price slumped nine per cent in early trading on the news. The figures Sales at the group were up 15.4 per cent, reaching £314m for the 12 weeks to 7 August. Ocado's retail [...]
Online insurer Esure confirms intention to pursue demerger of Gocompare.com September 13, 2016 Insurance firm Esure has confirmed its proposal to spin off Gocompare.com and list it separately on the London Stock Exchange – just 18 months after buying the price comparison website. Esure made the decision to pursue the demerger after a strategic review, and the appointment of Matthew Crummack as Gocompare's chief executive. Shares in the company [...]
Raft of positive data from China lifts Asian markets September 13, 2016 Markets in Asia have been reacting to a raft of positive data from China, as both retail and industrial figures beat economists' expectations. In August, industrial production was up 6.3 per cent year-on-year, according to China's National Bureau of Statistics. This was up from six per cent growth in July – and it just beat [...]
City Moves for 13 September 2016 | Who’s switching jobs September 13, 2016 Terence O’Rourke Matt Nicholson has left his role as director of planning at CBRE UK to join specialist planning and design consultancy Terence O’Rourke as special projects director and run the company’s London office. Matt has 16 years’ experience in public and private roles within the planning industry, having also held senior planning roles at Sainsbury’s [...]
As the monetary policies of the US, the UK and the Eurozone diverge, what should investors make of this fork in the road? September 13, 2016 Since the end of last week, speculation has been mounting that the US Federal Reserve will raise interest rates again this year. The probability of a September rate raise looks slimmer after the Fed’s most dovish official, Lael Brainard, struck a cautionary tone in a speech yesterday. But there is a strong chance that the next [...]