The decline of cash is on the cards: City A.M. speaks to MasterCard’s Ann Cairns October 28, 2015 Some sports fans carry the burden of their teams’ fortunes around on their shoulders, often for days after a heroic victory or a dramatic defeat. You know the type I mean – we’ve all worked with them, dated them, got married to them… Hell, some of us are them. The football obsessive who springs into work after a [...]
What really lies behind anti-business feelings? October 28, 2015 Was there ever an age when politicians were revered? The question should be asked because when people complain about the perceived calibre or character of elected officials, they seem to do so as if harking back to a time when MPs had respect and good will lavished upon them by a grateful public. There may [...]
Yelp share price jumps after online review company surpasses expectations in third quarter October 28, 2015 Yelp's share price rose seven per cent in after hours trading after the online reviewing company published its third quarter results which came in ahead of expectations. The figures Revenue for the three months to 30 September hit $143.6m, up 40 per cent on the same period of last year, however Ebitda was $12.5m, compared with [...]
PayPal share price drops on third quarter results October 28, 2015 PayPal's share price dropped by over six per cent in after hours trading after the company reported its first results since splitting from eBay. The online payments firm posted a 15 per cent increase in revenue during the three months to 30 September, up to $2.3bn (£1.5bn) from $1.98bn in the same period of last year. [...]
Lord Davies’ review: Government-backed report targets women holding one third of board seats by 2020 October 28, 2015 The Davies Review is setting a new target for a third of all board members at Britain’s biggest listed companies to be women, as a separate new study warns that the country’s boardroom diversity “risks going into reverse gear”. In his final Women on Boards report tomorrow, Lord Mervyn Davies, a former chairman and chief [...]
Not so sweet: Cadbury owner Mondelez posts eighth consecutive quarterly revenue decline October 28, 2015 Mondelez, the global snack company that owns Cadbury chocolate and Oreo cookies, yesterday reported a fall in revenues for the eighth straight quarter, with a particularly bitter European performance. The company's global revenues fell by 17.8 per cent to $6.85bn (£4.49bn), while its European division – its biggest market – saw a 32.4 per cent [...]
Industry watchdog Ofgem brings in new rules to create more competition in the energy market October 28, 2015 The energy connections market is being opened up to competition, thanks to new regulations that come into force this month. Regional distribution network operators (DNOs), which transmit electricity from National Grid to homes and businesses, dominate the £500m market that connects electricity to homes and businesses. But industry watchdog Ofgem has brought in new rules [...]
Doing Business: The way to beat poverty, even according to Bono October 28, 2015 Something quite astonishing happened a few weeks ago. Bono (yes, that one) told a crowd of businesspeople that he had finally seen the light, and that he now appreciated the importance of trade when it comes to improving the wellbeing of the world’s poor. “I’m late to realising that it’s you guys, it’s the private [...]
Fixed rate mortgages growing in popularity as rates begin to rise – Mortgage Advice Bureau October 28, 2015 Fixed mortgage rates are growing in popularity, with 96 per cent of homebuyers opting for such products in September amid rising average rates, according to the latest national mortgage index from the Mortgage Advice Bureau (MAB). The average two year fixed rate rose from 2.68 per cent in August to 2.72 per cent in September, [...]
Tech stocks fired up on Nasdaq after Apple posts 22 per cent revenue jump October 27, 2015 Tech stocks dominated the top ten most active on Nasdaq in after hours trading, with Apple leading the way. After the group revealed that revenue had risen 22 per cent to $51.5bn (£33.7bn), shares in the tech giant rose by three per cent, before dropping back down. Microsoft was down by 0.15 per cent, while [...]
