Andrew Tyrie ramping up efforts to block George Osborne’s proposed new bank tax October 8, 2015 The chairman of an influential parliamentary committee is doubling down today on his efforts to block a new tax on banks. Andrew Tyrie, who chairs the Treasury Select Committee, has written to Andrew Bailey, deputy governor for prudential regulation at the Bank of England, about the effect of the so-called bank tax surcharge. The new tax, [...]
Dunelm share price climbs as furniture chain announces acquisition of pillow firm Fogarty October 8, 2015 Shares at Dunelm climbed higher yesterday after the furniture chain announced a rise in first quarter sales and announced it has acquired 200-year-old pillow group Fogarty. The FTSE 250 homeware retailer, which sells everything from curtains to bed linen, said like-for-like sales rose by 4.4 per cent to £171.8m in the three months to 3 October. [...]
Amazon UK to create 19,000 jobs over Christmas to cope with extra demand October 8, 2015 Amazon UK is creating 19,000 people in seasonal roles over Christmas as it gears up for the busiest time of the year, the online retailer announced yesterday. The company said the majority of the jobs will be in its fulfillment and customer service centres to help cope with the extra demand. Salaries will start from [...]
DFS share price grows as furniture chain reports rising sales and profits October 8, 2015 Furniture chain DFS posted a surge in sales and profits yesterday in its first set of full-year results since its £540m market debut in March. The sofa specialist said pre-tax profits trebled to £10.7m in the year to August from £3.6m last time. Five store openings and strong trading across its Dwell and Sofa Workshop [...]
UK retailers enjoy best September in three years with sales up 2.8 per cent – BDO October 8, 2015 Shoppers flocked back to the high street last month after a weak August as retailers enjoyed their best September performance in three years. UK retail sales rose by 2.8 per cent year-on-year – the best figures for the month of September since 2012 and the highest monthly rise since April last year, BDO’s monthly High [...]
Galliford Try share price rises as it wins contract for Luton and Dunstable University Hospital October 8, 2015 Galliford Try has stepped up its presence in the healthcare market after winning a contract to help with the £150m redevelopment of Luton and Dunstable University Hospital. The company's share price closed up by 1.01 per cent following the announcement. The housebuilder and construction group said has been appointed as preferred supply chain partner under ProCure [...]
OECD reveals plans to crack down on tax avoidance October 8, 2015 The Organisation for Economic Cooperation and Development (OECD) has announced its final proposals to clamp down on tax avoidance. The OECD estimates that $240bn (£158bn) annually in tax is lost by profit shifting, and broadly speaking, these measures are likely to raise the tax bill for multinational corporations. Profits will be attributable to [...]
London’s housing market heats up with 25,000 new properties for sale in September October 8, 2015 London's housing market is hotting up again after a quiet summer, with 25,000 new properties listed for sale in September. The housing market traditionally picks up in the autumn, and there was 27.1 per cent increase in properties for sale in London between August and September this year, despite the housing shortage. Only [...]
M&G and Schroders among fund managers said to be thinking of quitting the Investment Association October 8, 2015 Several of the UK's largest fund managers are thinking of quitting the industry's biggest trade body, the Investment Association. M&G Investments and Schroders are set to quit the group, according to Sky News, which also reported that Fidelity Investments, Aberdeen Asset Management and Invesco Perpetual are looking at ending their connections with the association. Between [...]
Canadian pensions giant Omers moving into the Cheesegrater October 8, 2015 Omers, one of Canada’s largest pension funds, is moving into the City’s Cheesegrater skyscraper, which is owned by the company’s real estate arm Oxford Property and British Land. The company said yesterday it plans to make the 225-metre tower, formally known as the Leadenhall Building, its European headquarters after taking up 25,000 square feet [...]
