Fully charged: Dyson profits up 19 per cent as turnover reaches record £1.7bn and company announces it will invest £1bn in new battery technology March 21, 2016 Dyson's turnover in 2015 was up 26 per cent to £1.7bn, while its profits rose by 19 per cent to £448m over last year, the company announced today. The vacuum cleaner, fan and electrical device specialist saw its growth in China triple, where it leads in floorcare and humidifiers, while its business in Asia Pacific grew [...]
Lloyds bondholders head to the courts over bank’s attempts to buy back bonds at face value March 21, 2016 Lloyds bondholders head to the Supreme Court today, as they attempt to stop the bank from compulsorily purchasing bonds back at face value. The bondholders, who won the right to have their appeal one day before the repurchase was due to take place in February, argue that the bank should pay a premium for the bonds [...]
Easter travel is going to be a headache, thanks to engineering works on the Tube and National Rail affecting Gatwick Express, London Midland, Southern, Southeastern and Virgin Trains March 21, 2016 Thinking of travelling by Tube or train over the Easter break? You might have to think again. There is going to be plenty of engineering works disrupting swathes of the networks this weekend starting from Good Friday on 25th March to Easter Monday on the 28th March. National Rail is planning "one of the biggest Easter investment programmes to [...]
North Korea fires several short-range missiles days after UN Security Council condemned ballistic missile tests and US introduced new sanctions March 21, 2016 North Korea fired five unidentified short-range missiles off its east coast on Monday, according to South Korean officials. The missiles were launched from the northeasten city of Hamhung, South Hamgyong province, into the East Sea at around 3.19pm (6.49am GMT) local time and covering a distance of 200km, according to the joint chiefs of staff of South Korea's [...]
Ian Kellett to take over from Nick Wood as chief executive of Pets at Home March 21, 2016 Ian Kellett will take over from current chief executive Nick Wood at Pets at Home on 4 April, the UK's largest pet foods and accessories retailer announced today. Wood will stay at the company in an advisory role until 1 July during the transition. Kellett has been a member of the Pets at Home board for [...]
Tungsten’s share price climbs as board rejects Edi Truell’s proposal as “universally without merit for shareholders” March 21, 2016 The board of Tungsten has rejected the latest proposal made by Edi Truell for the company he floated three years ago, saying his plans were "universally without merit for shareholders". However, Truell told City A.M. he had already been approached by shareholders keen to learn more. “Several [shareholders] have said they want the option to at least [...]
Axa chief executive and chairman Henri de Castries steps down as role is split in two March 21, 2016 Axa chairman and chief executive Henri de Castries will retire on 1 September, after 27 years at the group and nearly 17 years at the helm. He is being replaced by two people: Thomas Buberl will take over as chief executive while Denis Duverne will become chairman. The decision to split the role was agreed unanimously at a special meeting [...]
Cybersecurity software company Osirium reveals plans to float on Aim in April, with Panmure Gordon acting as nominated adviser March 21, 2016 Osirium has today revealed its plans to start trading on the London Stock Exchange later this year. The UK-based cybersecurity software company, which focuses on monitoring how systems' privileged accounts are being used and how they can be protected, is aiming to raise at least £4m after expenses so that it can start trading on Aim in April. [...]
Brent Crude and WTI oil prices slip for second day as US ups rig count March 21, 2016 Oil prices have fallen for the second working day after the US rig count rose, renewing concerns of a global supply glut. Last week, US energy firms added one oil rig in the first addition since December following 12 weeks of cuts, according to oil services firm Baker Hughes. Brent crude, the global benchmark, fell 0.8 per cent to $41.20 per barrel [...]
LMAX Exchange’s yacht crew meet and greet the firm’s clients in China as they lead the Clipper Round the World Yacht Race March 21, 2016 Fintech firm LMAX Exchange's yacht team never miss an opportunity to network. Team LMAX Exchange, currently leading the Clipper Round the World Yacht Race, were the third to dock in Qingdao, China, this week, and are using their time in the city to catch up with the firm's foreign clients. The company invited a select group of 80 clients from [...]