Sepura’s share price dives following loss-making six months November 22, 2016 Shares in walkie-talkie maker Sepura plummeted as much as nine per cent this morning after announcing a loss-making six months of trading. While shares have regained some ground, they are still trading over six per cent down and at a fraction of their price at the start of the year. Read more: Sepura radios in record revenues [...]
The Brexit vote has wiped £26,000 off your wealth – and done away with 406,000 UK millionaires November 22, 2016 The Brexit vote has wiped $1.5 trillion (£1.2 trillion) off the wealth of UK households this year, a report published today has suggested. The Global Wealth Report, by the Credit Suisse Research Institute, found the wealth of each adult in the UK has fallen by $33,000, or £26,442, since the beginning of June. That puts [...]
High Court to decide on judicial review for fracking proposals in North Yorkshire November 22, 2016 British High Court judges will announce whether they will back a judicial review into proposals to use test hydraulic fracturing – or fracking – in North Yorkshire. Any review would likely be held this week, but if the application is not successful gas company Third Energy will be able to continue work on the site. Third [...]
De La Rue revenue stays flat but profit and earnings drop in first half of 2016 November 22, 2016 Banknote maker De La Rue kept revenue flat in the six months to 24 September this year, although pre-tax profit and earnings fell, and it's optimistic about the effect weaker sterling would have on the business in future. The figures Revenue was flat year-on-year at around £189m. Underlying pre-tax profit was up three per cent [...]
City Moves for 22 November 2016 | Who’s switching jobs November 22, 2016 TROWERS & HAMLINS International law firm Trowers & Hamlins announces the expansion of its real estate team in Exeter with the return of partner Georgina Savill James. Georgina was at Trowers & Hamlins between 2000 and 2015, and joins the firm again after a short time at Foot Anstey LLP. She specialises in acquisition and [...]
Kingfisher’s share price drops as French business holds back sales November 22, 2016 Kingfisher's share price has dropped this morning after the company revealed its French business has been holding it back. The retailer – known for B&Q and Screwfix in the UK – has had good sales this side of the channel, but its share price was down 1.43 per cent at the time of writing. The figures Kingfisher's like-for-like [...]
Southern rail strike starts today November 22, 2016 London commuters are braced for travel chaos today as Southern rail workers embark on their latest round of strike action. Today's strike will run over tomorrow as well, and is expected to "significantly affect service". Intended RMT strike action is expected to significantly affect service Tuesday 22 & Wednesday 23 Nov. Full details https://t.co/VHxJ2ixXI5 — [...]
The government has sold off more Lloyds shares November 22, 2016 The government has sold off more of its shares in Lloyds Bank bringing taxpayers' holding in the company below eight per cent. A further plan to sell shares to institutional investors was announced by the chancellor Phillip Hammond in October, ditching plans to offload them to retail investors. "Selling our shares in Lloyds Banking Group and [...]
AO World delivers £1.5m in earnings ahead of Black Friday November 22, 2016 UK internet retailer AO World said this morning that it has clocked up earnings of £1.5m, swinging back from a £4.5m loss last year. The figures The company said its group revenues had grown 23 per cent to £324.76m in the six months to 30 September. Read more: Here are the best deals available on Amazon today [...]
Peppa Pig owner Entertainment One reports 19 per cent increase in revenue but profit dives in first half November 22, 2016 Entertainment One has reported declining profits for the six months to 30 September, despite revenue climbing almost 20 per cent. The figures Group revenues were up 19 per cent to £401m from £337m this time last year. Adjusted profit before tax dropped 40 per cent from £40m to £24m, while reported pre-tax profit was down [...]