Ian King is clearly his shareholders’ bae (and they also like their divis) May 4, 2016 Shareholders at the BAE Systems AGM today clearly hadn't got the memo about there being a shareholder spring in the making, passing all of the company's 20 resolutions with a comfy margin. In particular, those voting passed the remuneration report at the defence and security company with 94.9 per cent approval. In-line with the company's annual [...]
I would trust Google’s DeepMind with my personal data more than the NHS May 4, 2016 The NHS is not a data company. Google's pretty good with that kind of thing. No wonder, then that the millions of pieces of information the health service has amassed about the nation's wellbeing – from admission times to blood tests – is being shared with the company in pursuit of the shared and very human [...]
Time Warner picks up a boost from HBO’s Game of Thrones and Turner Broadcasting, sending the share price higher May 4, 2016 US media giant Time Warner, which counts channels HBO and CNN as assets, has posted slightly better-than-expected revenue figures for the first quarter, up 2.5 per cent year-on-year. Time Warner's cable channel Home Box Office (HBO), that last month began airing the latest instalment of the popular Game of Thrones series, and its Turner Broadcasting unit both pulled [...]
Paddy Power Betfair lost big at the Cheltenham Festival but posts healthy growth in first quarter financial results May 4, 2016 Newly-merged Paddy Power Betfair's share price has fallen over three per cent after the company posted its first quarter revenues this morning, as the company was hit by "adverse" sales results following a harrowing Cheltenham festival. The figures Paddy Power Betfair's revenues were up 16 per cent to £339m across all four of the company's divisions: online, [...]
This is how many people will ditch their car insurer this year, as the costs of premiums continue to rise May 4, 2016 It's not you, car insurers. It's the constant rise in premiums. More than 11m drivers will leave their car insurer in 2016, as rising premiums boost people's incentive to shop around, a study out today has found. According to the figures from Consumer Intelligence, the average quote for car insurance has risen by £22 this year, [...]
Retailers are really struggling today – apart from the one that set them off May 4, 2016 The retail sector has been having a tough old day of it today – all apart from the one company that may be at the heart of it. Next issued a gloomy update today, with an in-line decline in quarterly sales and a warning of "weaker underlying demand for clothing and a potentially wider slow-down [...]
Libor latest: Tom Hayes appoints new lawyer, and he’s making good progress on crowdfunding the legal fees May 4, 2016 Tom Hayes has instructed solicitor Karen Todner to lead the next stage in his appeal, it was announced today, as he turns to crowdfunding to raise his legal fees. Hayes, a former UBS and Citigroup trader, was convicted of offences related to manipulating the Yen-linked Libor last August. He was initially sentenced to 14 years in prison, [...]
Next widens and lowers full year guidance amid weaker demand for clothing and a slowdown in spending May 4, 2016 Next has widened and lowered its full year guidance on profits amid greater uncertainty in the retail sector, following its previous warning that the year ahead could be the worst since 2008. Presumably investors appreciated the heads up: Next's share price was up 2.5 per cent in early trading and as the day wore on [...]
EU referendum: Brexit would mean higher inflation and more quantitative easing May 4, 2016 The Bank of England may have to extend its bond-buying quantitative easing programme if the UK votes to leave the European Union, an asset management firm has said today. Hermes Investment Management warned that Brexit would cause the pound to fall – potentially to around $1.20 – and growth would be hit, putting the Bank of England [...]
Leave.EU says eurosceptic celebrity rally Bpoplive will still go ahead, despite celebrities pulling out of the event in March May 4, 2016 Last month, eurosceptics were left dismayed when high-profile celebrities started pulling out of a politically-charged concert set up by Leave.EU after they found out who would be paying them. But worry no more, Leave.EU tells The Capitalist that the show must go on. "Have you seen the cancellation fee for the venue?" Brian Monteith, one of the people [...]