US Presidential Election 2016: Donald Trump would be the weakest Republican candidate to take on Democrat Hillary Clinton in General Election, according to poll March 24, 2016 The biggest victor of Donald Trump's potential win of the Republican nomination will be Hillary Clinton, according to a new poll. Trump would in fact be the weakest Republican presidential candidate to battle one-on-one with Clinton in a general election, according to a poll that puts Ted Cruz and John Kasich as stronger nominees. Read [...]
Adnams reports 39 per cent increase in spirits sales and profits despite slow first half of 2015 March 24, 2016 Spirits sales lead the way at the Suffolk-based drinks company Adnams as it recovered from low turnover in the first half. The figures The brewer, distiller and retailer posted a rise in operating profits of 7.3 per cent, reached £4.1m. The company's pre-tax profit reached £4.72m, up from £4.44m in 2014. Because of its rise in operating profits, [...]
Next warns year ahead will be worst since 2008 despite posting rise in full-year revenues and profits March 24, 2016 Next has warned the year ahead could be the most challenging since the recession, as it reported rises in both full-year revenues and profits today. The figures Next reported a five per cent increase in underlying profit before tax, totalling £821.3m from £782.2m last year. Operating profit rose by almost the same level, 4.9 per cent, to £851.8m [...]
City Moves for 24 March 2016 | Who’s switching jobs March 24, 2016 Close Brothers Asset Management Close Brothers Asset Management (CBAM) has appointed family lawyer Josephine Fay to its business development Team to strengthen its proposition for lawyers and their clients in the UK. She joins from Farrer & Co LLP. Josephine will be reporting into recently appointed Shirley Coe, director of the business development team, and [...]
Shares in African budget airline Fastjet closed down over 10 per cent yesterday following EasyJet owner’s warning letter March 24, 2016 Fastjet's share price plunged yesterday, dropping by 10.95 per cent to close at 30.50p. The stock dipped on the first day of trading since Easy Group owner Sir Stelios Haji-Ioannou sent a letter to the African budget airline, threatening legal action over a series of alleged licence breaches. Easy Group – parent company of EasyJet – [...]
Libor scandal: Judge orders former UBS and Citigroup trader Tom Hayes to pay over £878,806 March 24, 2016 Former UBS and Citigroup trader Tom Hayes was ordered to pay just shy of £900,000 by a court yesterday, or face yet more time in jail. Hayes, who was found guilty last August on eight counts of conspiracy to defraud for his role in manipulating Libor, was hit with an £878,806 confiscation order following a [...]
UK car manufacturing climbs 13 per cent in February as domestic sales accelerate – SMMT March 24, 2016 February was another month of growth for UK car makers as they continued to buck the trend in the rest of the manufacturing sector. The UK made 146,955 cars last month, up 13.1 per cent on the same month last year, according to the figures released today by the Society of Motor Manufacturers and Traders (SMMT). [...]
Dyson is working on an electric car, government documents reveal March 23, 2016 Dyson is using government funding to develop an electric car at its headquarters in Wiltshire. Government documents released today inadvertently revealed that the company – which specialises in vacuum cleaners, fans and electrical devices – is indeed toiling away on the project. "The government is funding Dyson to develop a new battery electric vehicle at their headquarters [...]
Brussels attacks: Belgium authorities name bomber brothers Ibrahim and Khalid El Bakraoui March 23, 2016 Belgium authorities named two brothers who were partly responsible for the deadly terror attacks in Brussels yesterday. Belgiums chief prosecutor also said that there's another suspect who is on the run. At least 31 people were killed and 271 wounded in yesterday's attacks, and the toll could still increase further. The Belgian federal prosecutor today told a news [...]
IFS: Scotland would face £10bn black hole in finances if independent March 23, 2016 An independent Scotland would have faced an even bigger budget deficit than previously thought. The Institute for Fiscal Studies' updated assessment shows Holyrood would’ve had a £10.6bn black hole by the end of 2016/17, more than the £8.2bn initially forecast. By the end of the decade, when the UK as a whole is forecast to [...]