Royal Mail revenue and profit rises as it continues with cost-cutting measures November 17, 2016 Royal Mail delivered an increase in revenue and profit in the 26 weeks to 25 September, but said the full-year performance is very much dependent on what happens over the busy festive period. The figures Royal Mail grew revenue by one per cent on an underlying basis in the first half of the year, from £4.4bn [...]
Deliveroo teams up with Heineken to create new booze delivery brand November 16, 2016 Deliveroo has announced a new partnership with Heineken which will see the two launch a new brand, Brew House, through which customers will be able to order beer and cider directly to their homes. Brew House launches in London today, and will be rolled out across the rest of the UK by the end of this year, [...]
Service Partner One coffee price index shows UK’s cheapest coffee is in Dundee November 16, 2016 Everyone knows that giving up your daily takeaway coffee habit is the fastest way to become a millionaire (or something like that), but maybe you don't have to go completely cold turkey – just move to Dundee instead. That's where you can pick up the cheapest cup of coffee in the UK, according to new [...]
Prudential aiming to grow dividend by five per cent as insurer sees no surprises in third quarter trading November 16, 2016 Prudential is aiming to grow its dividend by five per cent per annum, the insurer said today, as it prepared to host its capital markets day in central London. The company said it would "maintain its focus on delivering a growing ordinary dividend", and added that: "The potential for additional distributions will continue to be [...]
ABN Amro is cutting 1,500 jobs in new cost-saving plans – despite reporting a rise in profits November 16, 2016 Dutch lender ABN Amro has announced plans to cut 1,500 jobs as part of new cost-saving plans, despite reporting a hike in profit during the third quarter of 2016. The bank, which has offices in London, Birmingham, Cardiff, Haywards Heath, Leeds and Manchester, posted a 19 per cent year-on-year increase in underlying net profit for [...]
Commuters facing delays between Clapham Junction and London Waterloo November 15, 2016 A signalling problem between Clapham Junction and London Waterloo is causing disruption to services between these stations. National Rail said services may be cancelled, delayed by up to 40 minutes or amended to not call at all stations. This is now expected to continue until 2:30pm, having originally been expected to end by 12.30pm. The rail operator said [...]
UK property prices went up in September as new buyer enquiries rose – but new sales listings went into decline November 15, 2016 Property prices continued to rise in September, as new buyer enquiries increased modestly – but the number of new homes being listed for sale dropped. The average price of a property in the UK was £217,888 in September, with official statistics showing prices went up 7.7 per cent on an annual basis. Property prices rose 0.2 [...]
The FCA confirms final rules on capping early exit pension charges November 15, 2016 The City watchdog has announces its final rules on capping early exit charges for pensions. The Financial Conduct Authority (FCA) said today that from 31 March next year, early exit charges will be capped at one per cent of the value of existing contract-based personal pensions, including workplace personal pensions. Early exit charges that are [...]
Land Securities posts £95m pre-tax loss but hikes dividend by almost 10 per cent November 15, 2016 Property developer Land Securities swung to a loss in the first half of 2016 – but the group still hiked its dividend by almost 10 per cent. The figures The company reported a £95m loss in the six months to 30 September, from a pre-tax profit of £707.9m in the first half of last year. [...]
Easyjet cuts dividend as profits nosedive following Brexit vote November 15, 2016 Profits tumbled at Easyjet during the 2016 financial year, with the budget airline blaming a combination of the EU referendum result and a number of terror attacks across Europe over the last 18 months. The figures Profit before tax dropped 27.9 per cent to £495m from £686m in 2015. Basic earnings per share declined by [...]
