£3.5m share bonus for outgoing Burberry CEO January 31, 2017 Outgoing Burberry CEO, Christopher Bailey, has received 215,000 shares in the business, with a total value of £3.5m. Bailey is one of a number of Burberry executives that have been awarded performance-contingent share packages in 2017, after the fashion retailer postponed its rewards scheme last year. Burberry’s sales are believed to have benefited from the [...]
Rush-hour commuting chaos at Waterloo after two hit by trains earlier in the day January 31, 2017 Those travelling from Waterloo are facing a hectic journey tonight, after two people were hit by trains between the London station and Woking. One man was hit at New Malden at around 12:30pm, while another was hit near Woking roughly 15 minutes later. Both have died. Although all lines have since been reopened, South West Trains is [...]
MasterCard profits up six per cent in Q4 January 31, 2017 MasterCard, the world’s second largest payments processor, saw revenues decline but profits increase during the final quarter of last year. Net income rose by 4.8 per cent to $933m, compared to $890m 12 months ago. Revenue fell slightly short of analysts’ estimates of $2.79bn, coming in at $2.76bn. Quarterly profits for the three months to [...]
UPS shares down six per cent on Q4 loss January 31, 2017 The package delivery giant United Parcel Service reported a final quarter net loss of $244m in 2016. Revenue increased by five per cent, up to $16.93bn. Dividends totaling $2.8bn were paid in 2016, which also saw 25.5m shares repurchased by UPS for roughly $2.7bn. Reduced revenue in the domestic US package business was partly to [...]
London is set for its largest oil company listing on the Alternative Investment Market in two years January 31, 2017 London is set for its biggest oil and gas listing since 2014 as Diversified Gas & Oil gears up for a float on the Alternative Investment Market (Aim) Friday. Diversified, a US-based firm that operates around 7,500 gas and oil producing wells in the Appalachian Basin, raised $50m (£39.7m) in capital. It produces 4,700 barrels of oil equivalent [...]
There’s a new top dog at First Direct January 31, 2017 HSBC-owned First Direct has promoted its head of contact centres to head of the bank. Joe Gordon will replace Tracy Garrad, who, subject to regulatory approval, will be taking up the role of chief executive of HSBC in the Channel Islands and Isle of Man. "I can't wait to lead a bank that's recognised as one of the top [...]
PwC US chairman reassures staff over Trump travel ban January 31, 2017 The US chairman and senior partner of professional services giant PwC has become one of the latest business names to reassure staff over Donald Trump's travel ban over seven Muslim majority countries. In a message posted on Facebook, Tim Ryan wrote: I want to thank all those who have reached out to me in the [...]
Zoopla is splurging £120m on this property data company January 31, 2017 Online property giant Zoopla has unveiled plans to buy property data company Hometrack for £120m. In a statement after the market closed today, Zoopla Property Group, which also owns the likes of USwitch and PrimeLocation, said the transaction will take place on a cash-free, debt-free basis. Zoopla will pay £108m when the deal completes, and £6m [...]
Nostrum’s shares rise as its operations pull ahead of expectations January 31, 2017 Nostrum Oil and Gas' shares are up after the firm's cost cutting measures and production levels exceeded expectations in its 2016 operational update. The figures In the oil firm's full-year operational update, average daily production was 40,351 barrels of oil equivalent per day (boepd), which was slightly above guidance of 40,000 boepd. Average production was higher in [...]
An early investor in UK fintech unicorn Transferwise has reduced its stake January 31, 2017 An early backer of one of the UK's most successful fintech startups has sold a minority stake in the unicorn-valued firm in a private secondary share trading deal. Seedcamp, which has also invested in eMoov and BorrowyDoggy, last year sold of some of its shares in Transferwise, the money transfer startup with a valuation of more [...]