Just Eat share price rockets after upgrading full year guidance May 3, 2016 Just Eat has issued new full-year guidance on earnings – and investors are lapping it up. Shares in the takeaway ordering firm rocketed more than seven per cent in early trading after upping its revenue forecasts for the year by £8m and earnings before interest, tax, depreciation and amortisation (Ebitda) by £4m, all thanks to an increase on [...]
Rich people live longer than poor people … and the gap is widening May 3, 2016 "Money can't buy you happiness," some poor fellow once said. It can, however, purchase an extra few years of good health, according to a new study from Cass Business School out this morning. Read more: The North-South life expectancy divide Researchers found that the difference in life expectancy between those of us who live the [...]
Thumbs up: Fresnillo feeling confident about 2018, although further exploration might have to wait May 3, 2016 It may be a fair bit off, but miner Fresnillo has a good feeling about 2018. At the mining company's AGM later today, chairman Alberto Bailleres is expected to say: "Fresnillo remains a low cost producer, and given current and projected market prices for silver and gold, we remain confident in achieving our 2018 production targets. [...]
UBS profits slump as bank warns on future risks May 3, 2016 Profits at UBS fell more sharply than expected in the first quarter, as the Swiss lender took a hit on its wealth management business. The figures Zurich-based UBS said net profit for the first quarter fell 64 per cent to 707m CHF ($£503m), from 1.98bn CHF in the same period last year. Analysts had expected a [...]
Conviviality to soak up wine wholesaler Bibendum May 3, 2016 Alcohol group Conviviality is to buy wine distributor and wholesaler Bibendum in a deal that worth £60m, which will be part-funded through a share issue. The Aim-listed business is looking to raise £32m through issuing shares at 205p each, with a further £10m being drawn from its banking facilities. Bibendum, which supplies wine, beer and spirits to around 4,000 restaurants, pubs [...]
Zac Goldsmith seems to have found his mojo: But is it too late to defeat Sadiq Khan? May 3, 2016 City Social, on the 24th floor of Tower 42, is used to hosting London’s power brokers, and it would take an interesting guest to tempt the diners to look up from their menus or their phones. Nobody reaches for their cameras when I take a window seat with Zac Goldsmith, but they definitely notice him. [...]
SoundCloud founder: Music streaming isn’t “winners take all” market as it launches Go subscription and ad supported free services to take on Apple Music and Spotify May 3, 2016 SoundCloud has said it believes there is plenty of room in the competitive world of music streaming for different platforms as the company launches its paid for subscription service, SoundCloud Go, in the UK and Ireland just weeks after its US debut. Co-founder and technology chief Eric Wahlforss shook off suggestions that it faced stiff [...]
City Moves for 3 May 2016 | Who’s switching jobs May 3, 2016 TP Bennett TP Bennett has added to its architectural team with a new senior director appointment. Neil Sterling joins as director to further strengthen the architectural team’s position in the commercial office, residential and retail markets. With over 16 years’ experience of front-end design and hands-on delivery, Neil’s previous role was at 3DReid, where he [...]
Just what has the EU got against e-cigs? May 3, 2016 The e-cig is one of the great success stories of our time. For decades, public health officials have worried about the effects of tobacco smoking, and market-driven innovation has ridden to the rescue. What a triumph the e-cig, or vaping, could prove to be. Public Health England concluded last year that these little devices are 95 [...]
The problem with Ukraine and Iraq isn’t Putin and Islamic State: It’s that both countries are basket cases May 3, 2016 “The gods help them that help themselves.” – Aesop When it comes to the seemingly intractable crises in both Ukraine and Iraq, a comforting, if wholly untrue, narrative has taken hold. The chaos that has laid low these two plucky, overmatched, but deserving states is entirely the fault of the world’s two most obvious Bond [...]