Housebuilders’ share prices struggle towards the pre-referendum summit after positive outlook from Telford Homes and Countryside October 12, 2016 Telford Homes' share price jumped 4.7 per cent in early morning trading after the company issued a confident trading update, pulling other housebuilders towards their pre-referendum prices. Countryside Properties' shares were also on the up – increasing 3.5 per cent at time of writing – when the housebuilder said any impact from the June referendum had been mitigated. [...]
Private equity-backed accountancy firm challenger expands with new investment October 12, 2016 A newly-formed private equity-backed accountancy group has announced a new investment. CogitalGroup, which was founded this summer by private equity firm HgCapital and former Deloitte UK chief executive John Connolly, this morning announced a deal with Baldwins. The accountancy firm has 27 offices across the UK, employing 650 people. Connolly will join the board of the company, [...]
Gatwick’s partnering with Bluecity to roll out electric car-sharing October 12, 2016 Gatwick is upping its green credentials by partnering up with electric car-sharing firm Bluecity. A new electric point-to-point car-sharing service is being rolled out at the Airport to make it easier for passengers travelling to and from the airport – as well as making their journeys more environmentally-friendly. Read more: Gatwick gets my vote for [...]
Slash and burn: Samsung just cut profit forecasts by a third October 12, 2016 Samsung has slashed its profit outlook for the quarter by a third after the feted launch of its flagship Galaxy Note 7 ended in a fiery recall. In an update to markets, the South Korean firm slashed its estimates for the quarter to the end of September to 5.2 trillion won (£3.8bn), dialling back on initial [...]
Now Theresa May agrees to ‘full and transparent’ Brexit debate as Labour lines up 170 questions October 12, 2016 Theresa May has made a move to quell any possible Tory rebellion over her Brexit strategy by assuring that Parliament will be able to scrutinise the plan before Article 50 is invoked. Demands have been bubbling for "a full and transparent" Commons debate and while May made the concession on Tuesday night, she has not [...]
Time Out to open first London market in Shoreditch next year following success of Lisbon venue October 12, 2016 Time Out will launch its first London market in Shoreditch next year, the magazine publisher-turned-entertainment group announced today. The London market will follow the same model as the group's flagship venue in Lisbon, Portugal, which opened in May 2014. The 19,250 square foot space on Commercial Street will hold restaurants, bars, shops, an art gallery [...]
This is how sterling’s unstoppable slide will affect UK house prices October 12, 2016 After a freak six per cent fall when markets opened in Asia last week, sterling is in free fall. The fall obviously has implications for people going abroad – but what about people here at home? We asked the experts what the flash crash will do to UK house prices. Read more: This is how the [...]
Monarch breathes a sigh of relief as majority shareholder Greybull Capital invests £165m October 12, 2016 Monarch Airlines has received a £165m cash injection from its majority shareholder, private equity fund Greybull Capital. The lifeline investment, which is the largest in Monarch's 48-year history, has allowed the air group to renew its ATOL licences from the Civil Aviation Authority (CAA) for the next 12 months. Monarch was granted a two-week extension on [...]
Premier Foods blames warm weather for drop in sales during second quarter October 12, 2016 Premier Foods has reported a 5.4 per cent drop in sales during the second quarter of the year, and placed the blame firmly on the warm weather in September. The group's share price plummeted by 14.5 per cent in mid-morning trading. However, the group, which produces foods for brands such as Bisto, Birds, Lloyd Grossman and [...]
Will Samsung’s image burn and crash after Galaxy fires? October 12, 2016 Yesterday, Samsung permanently halted production of its Galaxy Note 7 model after the devices were reported to be catching on fire due to a battery fault. It comes just a month after the manufacturer undertook a recall of the product following similar incidents. But how serious a crisis is this for the South Korean tech giant? [...]