LLoyds share price rises after chancellor George Osborne announced government sold more Lloyds shares, reducing holding to 12 per cent September 25, 2015 Chancellor George Osborne has announced the government has sold another one per cent of its shareholding in Lloyds Banking Group, taking its total shareholding to less than 12 per cent. Lloyds' share price rose 1.3 per cent in early morning trading on the news. The sale programme started last December, and has raised £15bn so [...]
Naked protester at Debenhams’ Croydon complains there’s “nothing on the telly”, prompts brilliant response from PR team September 25, 2015 A protester wearing nothing but a thong, a sash describing herself as the "world's grumpiest old woman" and a strategically-placed wig glued herself to the outside of a window at Debenhams' Croydon store today. She was not protesting against Debenhams itself – just the fact there was "nothing on the telly", according to eyewitnesses. [...]
Moody’s Analytics: Economists say Syrian migrants will boost the European economy September 25, 2015 Welcoming immigrants fleeing the turmoil in the Middle East is in Europe’s self interest, top economists at Moody's Analytics have said. Europe is suffering from dire demographic trends with fertility rates in most countries below self-replacement rates – implying populations are set to decline. It also means the share of elderly, which already exceeds the [...]
Here’s what happened today at Ukip’s party conference September 25, 2015 Conference season is well underway and today the UK Independence Party's kicked off. Here's what happened: Katie Hopkins, the Daily Mail columnist, had this to say about the House of Lords: Katie Hopkins tells UKIP conference she wouldn't mind gassing the House of Lords http://t.co/bF0zIyw0XA pic.twitter.com/8hZ8LZyKrG — BuzzFeed News UK (@BuzzFeedNewsUK) September 25, 2015 Nigel [...]
Leadership lessons from Pope Francis: Avoid stagnation by seeking advice and hiring pragmatically September 25, 2015 When Jorge Mario Bergoglio was elected Pope in 2013, he inherited a Church marred by financial scandal and child abuse. Like any new boss trying to turn around the fortunes of a large organisation, he has made some big changes. But his liberal stance on homsexuality, divorce and politically charged statements have drawn criticism [...]
Best of the Brokers for 25 September 2015 September 25, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com MICRO FOCUS INTERNATIONAL The most recent statement from Micro Focus, a software firm, reminds analysts at Panmure Gordon that the growth genie continues to elude the firm – and there is little to suggest its new division structure will release it. Yet Micro [...]
FTSE ends lower as commodities plunge again – London Report September 25, 2015 BRITAIN’S blue-chip share index fell yesterday, with basic resources and energy companies coming under fresh selling pressure due to lingering concerns about demand for metals and a poor outlook for commodity prices. The FTSE 100 index ended 1.2 per cent lower at 5,962.26 points. The index has fallen more than eight per cent so far [...]
John Lewis opens £35m store in Brum September 25, 2015 JOHN LEWIS yesterday opened its new £35m Birmingham shop, the retailer’s largest shop to open in four years and one of its biggest stores in Britain. The 250,000 sq ft shop, which anchors the city’s new Grand Central retail development, has created 650 new jobs across Birmingham. Andy Street, managing director, John Lewis said: “Today [...]
I’ll drink to that: Sales at British winemaker Chapel Down up a third September 25, 2015 British winemaker Chapel Down announced sparkling interim results yesterday, with year-on-year sales up 33 per cent and gross profits up to £1.17m, a 31 per cent increase on the year before. The Kent-based vineyard’s speciality – sparkling wines – enjoyed a 45 per cent increase in sales, accounting for £2.28m of the total figure of [...]
London taxi cab drivers protest in the City over Uber regulation September 25, 2015 Black cab drivers brought traffic to a standstill outside Bank Tube station yesterday evening, in a protest against the way ride-hailing app Uber is regulated by Transport for London. Cabbies want to draw attention to what they perceive as a lack of regulation of the private hire vehicle (PHV) licences used by Uber drivers. Writing [...]