Ineos is reportedly in talks with Fairfield Energy over its holdings in the North Sea October 27, 2015 Chemicals firm Ineos is reported to be looking at extending its presence in the North Sea oil and gas business. The group is in advanced talks with Fairfield Energy to buy a stake in the Clipper South gasfield, according to Sky News. The deal bring Ineos' holding in the field up to 75 per cent, [...]
Deezer postpones planned IPO due to market conditions October 27, 2015 Music streaming service Deezer has suspended its IPO, the company announced this evening. The group said it was postponing the planned flotation on the Paris stock exchange "due to market conditions" and added that it will review its fundraising options in the future. "Deezer is well funded and well positioned as it continues to pursue its [...]
UK ranks as sixth-most business friendly country in the world in World Bank Group’s Doing Business report October 27, 2015 Doing business in the UK just got even better, with the country’s ranking in the World Bank Group’s Doing Business 2016 report climbing to sixth place this year from eighth place last year. The UK also overtook the USA which maintained its seventh place position in the report, which evaluates the impact of regulation on [...]
Utilitywise share price dips despite reporting 25 per cent jump in profit October 27, 2015 Utilitywise has revealed an increase of profit before tax of 25 per cent to £16.7m for its year ended 31 July 2015. Revenue for the utility management consultancy, which counts HSBC and Krispy Kreme as customers, grew by 41 per cent to £69.1m. Geoff Thompson, Utilitywise chief executive, told City A.M. that the company would [...]
Axa Wealth reveals new business jumped by 43 per cent in the third quarter October 27, 2015 Axa Wealth announced its third-quarter results today, revealing that new business had shot up 43 per cent to £578m. Pensions and funds under management for the pensions and investments company also grew by 14 per cent to £30.4bn. Results were also positive for Architas, Axa Wealth’s multi-manager arm, which reported an increase in assets of [...]
TalkTalk hack investigation: 15 year-old suspect bailed in Northern Ireland after arrest in connection with cyber attack October 27, 2015 A 15 year-old boy in Northern Ireland arrested on suspicion of Computer Misuse Act offences in connection with last week's cyber attack on telecoms firm TalkTalk has been bailed. The data hacking crisis embroiling TalkTalk took another twist last night after officers from the Police Service of Northern Ireland, working with the Met's Cyber Crime Unit, searched an [...]
Sadiq Khan shows Jeremy Corbyn how to reach out to business October 27, 2015 On a national level, Labour’s relationship with the business community is under serious strain. The party’s plans for nationalisations, interventions and higher taxes has left many of the country’s employers and wealth creators wondering what ever happened to those on the left who recognised the benefits of a thriving private sector economy. Fortunately, hope is [...]
UK R&D spend dropped by 52 per cent between 2007 and 2015 – PwC October 27, 2015 Spending on research & development (R&D) in the UK dropped by 52 per cent between 2007 and 2015, according to research from PwC's Strategy& business. The financial services firm said this shift had come about as a result of globalisation making it “increasingly attractive for UK companies to redeploy their R&D spend globally instead of investing domestically”. [...]
City of London Distillery launch party: Are Gin Lane days returning to the City? October 27, 2015 As the nights get longer and the evenings colder, it seems that London’s institutions and offices are throwing austerity out of the window in a bid to warm the cockles with artisan food and beverages. The City of London Distillery held a very boozy launch party last night, celebrating its latest product – Christopher Wren gin. The distillery, [...]
New flexible ISA rules will encourage savers – Yorkshire Building Society October 27, 2015 Almost one in five (19 per cent) people without an ISA intend to open one when the new ISA freedom rules come into effect, a Yorkshire Building Society survey has found. The new rules, which were announced in the March 2015 Budget and come into effect on 6 April 2016, will allow people to withdraw and [...]
