Taylor Wimpey share price shoots up almost six per cent at the open as building firm says it has not been affected by Brexit July 27, 2016 Housebuilder Taylor Wimpey said today that last month's Brexit vote had not made any difference to its trading, as it reported increased revenue and profit for the six months to 3 July. The figures The company's revenue was up 9.1 per cent to £1.46bn, from £1.24bn in the first half of last year. Operating profit rose [...]
Arm Holdings boosts profit and revenue in second quarter as it gears up for takeover by Japan’s Softbank July 27, 2016 Microchip maker Arm Holdings has bumped up its interim dividend after reporting increased revenue and profit in the second quarter of 2016. The figures Revenue in dollars was up nine per cent to $387.6m (£295m), from $357.1m in the second quarter of 2015. Revenue in sterling rose 17 per cent year-on-year, to hit £267.6m. The [...]
Ofcom announces reform plans for Openreach – or it risks being split from BT July 26, 2016 TalkTalk boss Dido Harding has called for Ofcom to fully separate BT's broadband networks division from the rest of the group, warning that BT may "game the system" if it is allowed to continue controlling the business. The media and telecoms watchdog today recommended a set of reforms for Openreach which will make it more independent [...]
Ex-William Hill online boss Andrew Lee joins money transfer firm WorldRemit July 26, 2016 The former managing director of William Hill Online has joined money transfer service and London-based startup WorldRemit. Andrew Lee spent four years at William Hill, during which time he led the firm's online growth. Before joining the gambling group, he worked at Jefferies International, Bank of America Merrill Lynch and Dresdner Kleinwort, among other places. Lee, who announced [...]
Fire at Gatwick train station causes travel disruption for holidaymakers July 26, 2016 A fire on the tracks at Gatwick station has caused travel chaos for holidaymakers and commuters in south London and the south east, with several delays and no trains running between Gatwick Airport and Brighton. One Twitter user captured this footage of the blaze: Fire on the electrical cables @ outside Gatwick station #gatwickexpress #southernrailway.com pic.twitter.com/ywIs0a7xz0 — [...]
Virgin Money says it has weathered the Brexit storm as it grows profit in first half of 2016 July 26, 2016 Challenger bank Virgin Money reported an increase in profits during the first half of 2016, and said it had weathered the Brexit vote storm, with very little changed in its outlook. The figures Statutory profit before tax was up to £93.7m, a 70 per cent jump from the first half, when profit of £55m was recorded. [...]
Aberdeen Asset Management poised to take advantage of weakness in wake of Brexit vote July 25, 2016 Aberdeen Asset Management is better placed than its competitors in the wake of a spate of investment fund redemptions according to chief executive Martin Gilbert. Speaking to City A.M. this morning, Gilbert said: “We are very much an emerging markets house, so theoretically we should come out of it better. Much more so than some [...]
Golders Green station reopens as police give all clear July 25, 2016 Golders Green station in north London has reopened after police gave the all clear following a security alert. The underground station had been evacuated and closed earlier this morning when police were called to deal with an abandoned car outside the underground station, but Barnet police have since said there was nothing suspicious about the vehicle. [...]
American Airlines share price rises three per cent as it beats expectations helped by cheaper fuel as a result of weak oil price July 22, 2016 Shares in American Airlines were up by over three per cent in early US trading after the carrier reported a better-than-expected profit in the three months to 30 June, boosted by lower fuel prices. Net income plunged 44 per cent to $950m (£726m) as provisions for income tax surged to $543m from $15m, and excluding exceptional items, [...]
French appeals court rules IMF chief Christine Lagarde must face Bernard Tapie payout trial July 22, 2016 The French appeals court ruled today that IMF boss Christine Lagarde must stand trial over allegations that she was negligent in her handling of a controversial payout during her time as French finance minister. The trial relates to a €404m (£340m) payment made to French business tycoon Bernard Tapie in 2008, when Lagarde was finance minister under [...]
