Investors are preparing to inject more cash into the private equity industry this year February 23, 2017 Investors are planning to increase investments into the private equity this year, meaning further growth in the industry, new research out today found. Some 44 per cent of limited partners (LPs) surveyed by Rede Partners said they intend to deploy more capital this year than in 2016, a record year for fundraising volumes, while 11 per [...]
Pulling the plug: Howden forced to increase prices for its kitchenware February 23, 2017 Kitchenware supplier Howden Joinery Group's share price closed down 0.52 per cent today after the company posted strong profit growth, but said it had been forced to increase its product prices. The figures Group revenue rose from £1.22bn in 2015 to £1.3bn last year, a growth of seven per cent. Profit before tax was up [...]
Telenor to shell out in costly Indian exit after failing to deal with heightened competition February 23, 2017 Telenor is to exit the Indian market, selling its operations to Bharti Airtel in a deal that will require the Norweigian telecoms giant to put a cash injection of hundreds of millions of pounds into the Indian firm. Bharti Airtel is India's largest telecoms network operator and the consolidation is hot on the heels of news that Vodafone is in [...]
Economists react: Immigration from eastern Europe falls as net migration dips below 300,000 February 23, 2017 Immigration to the UK from countries in central and eastern Europe fell significantly in the year to September, including the period after the EU referendum, while net migration dipped below 300,000, new figures show. Emigration by nationals from the eight nations which joined the EU in 2004 tripled, according to the Office for National Statistics [...]
No more deals: Axa to decline future acquisitions after blasting through the €100bn barrier February 23, 2017 France's largest insurer Axa is big enough and is not eyeing any future transactions, especially as "Frexit is a probability", its chief executive said today. Passing the €100bn (£84bn) revenue barrier for the first time, Axa revealed in its annual results underlying growth of in earnings of four per cent to €5.7bn. Read more: Axa UK's chief [...]
This London developer will build homes on rooftops in just 45 weeks February 23, 2017 Apex Airspace, a company that uses so-called modular construction techniques to create homes on rooftops, is embarking on a £11.5m scheme together with Lambeth & Southwark Housing Association. The group will build 28 new flats on a site in Southwark, 11 of which will be affordable rental homes. Apex has also agreed to renovate the existing building [...]
Banks and building societies create more than one-in-10 jobs in five locations across the UK February 23, 2017 The importance of the banking sector in the UK's jobs market has been laid bare by new figures from the British Bankers' Association (BBA). A jobs report from the BBA shows that banks and building societies represent more than 10 per cent of local jobs in five parliamentary constituencies, four of which are outside London. Two [...]
Storm Doris: A man has been injured in an incident at Victoria station February 23, 2017 A man has been hospitalised after receiving a head injury when he was hit by falling debris caused by high winds at Victoria station. The London Ambulance Service was called at 2.59pm to reports of an incident on Victoria Street, and sent an ambulance crew, a single responder in a car, an incident response officer and [...]
John Lewis to cut almost 400 jobs February 23, 2017 John Lewis is cutting around 380 jobs as it shakes-up parts of its home and catering businesses. Around 773 employees at the department store will be entering a consultation period, during which the business will assess whether to keep them on for the 386 jobs it is creating in other areas. Read more: The 30 [...]