EasyJet shrugs off terrorist attacks to post flat revenues – but foreign exchange forces a swing to half-year loss May 10, 2016 EasyJet has increased its dividend despite admitting there has been a declines in demand after terrorist attacks in Sharm el-Sheikh, Paris and Brussels, as the strong pound hit the budget airline's bottom line. The figures Revenues in the first half to 31 March rose 0.3 per cent to £1.77bn, although revenue per seat decreased by 4.2 per cent [...]
Pensions lifeboat must not be abused May 10, 2016 The Pension Protection Fund (PPF) had noble beginnings. Also known as the pensions lifeboat, it was designed as safety net of last resort for employees with defined benefit pensions whose companies become insolvent. There are over 800 schemes in the PPF which has secured the retirement savings of 250,000 people since its launch around a [...]
City Moves for 10 May 2016 | Who’s switching jobs May 10, 2016 Dearman Dearman, the clean cold technology company, announced the appointment of David Sanders as commercial director. David joins Dearman from the Carbon Trust, where he was direction of innovation, working with customers across the UK, Europe and Japan on strategy and innovation in the energy and resource efficiency space. Dearman is developing a suite of [...]
Londoners are right to oppose Brexit: Our security is more important than our sovereignty May 10, 2016 Londoners chose Sadiq Khan as their mayor over Zac Goldsmith on Thursday. Sadiq is a declared In-er and Zac is an Out-er. All the expert pollsters – who can get things wrong – point to London being a three-quarters In city. As both a businessman and London’s first deputy mayor for policing and crime for [...]
New EU referendum poll finds growing business support for Brexit May 10, 2016 The EU referendum business vote has tightened, with growing support for a Brexit, a new survey suggests. The British Chambers of Commerce (BCC) found 54.1 per cent of more than 2,200 members who completed the survey said they would vote to remain in the EU and 37 per cent said they were backing an exit. Support for [...]
Online sales hit the brakes: Digital channel suffers slow growth in April May 10, 2016 Online retail sales growth has slumped to its lowest level in three years, piling pressure on retailers already hard hit by a customer retreat from the high street. Year-on-year online sales were up by just 6.6 per cent in April, more than halving the 15.4 per cent growth recorded in April 2015, the British Retail [...]
Eurosceptic MPs slam government’s £9.3m EU referendum “propaganda” leaflet May 9, 2016 Eurosceptic MPs have slammed the government's decision to send leaflets to UK households to promote EU membership. A debate over the £9.3m leaflets was prompted after more than 200,000 signatures were added to an online petition called: “STOP CAMERON spending British taxpayers’ money on Pro-EU Referendum leaflets.” The debate lasted three hours and heard evidence [...]
Unruly founder crowned winner at Oscars for women in business… but beware the awards curse May 9, 2016 Sarah Wood, the founder of Unruly, triumphed at last night's Veuve Clicquot Business Woman Awards. Touted as the Oscars for women in business, Wood fought off competition from Trainline chief Claire Gilmartin and British make-up artist and cosmetic firm founder Charlotte Tilbury to win the award. Cassandra Stavrou, founder and chief executive of Propercorn, meanwhile, [...]
Greek debt relief deal OK’ed after German backdown to IMF May 9, 2016 Greece’s battered economy received some good news yesterday after Eurozone finance ministers agreed to debt relief measures if new reforms come to fruition. The Mediterranean state will be granted longer grace periods and bond maturities from 2018 if it upholds the reforms agreed to in its most recent bailout package. The move is a concession [...]
Operation Tabernula verdict: Two found guilty, three acquitted in insider trading case May 9, 2016 An ex-City banker and a former Topshop finance director were found guilty yesterday evening following a trial that is widely considered to be the most significant insider trading case in British history. Accountant Andrew Hind and former Deutsche Bank director Martyn Dodgson were convicted of conspiring to insider deal between November 2006 and March 2010, by a majority verdict. [...]