Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals
Budget 2016: Tesco boss Dave Lewis urges government to reform business rates, warning that retail jobs could be lost without it March 14, 2016 Tesco boss Dave Lewis has urged the government to reform business rates, claiming the "completely disproportionate" status quo will put further pressure on jobs in the retail sector. Lewis has doubled down on his criticisms of government policy last year, when he slammed a number of issues including the "unsustainable" rates regime. "Drastic Dave" backed a [...]
Sports Direct boss Dave Forsey heads to court today March 14, 2016 Sports Direct boss Dave Forsey is heading to Chesterfield magistrates court today, over the company's handling of the USC administration. Forsey is charged with offences under the Trade Union and Labour Relations Act, which requires employers to give notice of redundancies in advance of them happening. Staff working at USC were allegedly given just 15 [...]
Financial Advice Markets Review: Government should change definition of advice and let consumers take cash from pension pot to pay for it, says FCA and government review March 14, 2016 There is "a clear need for intervention" in the UK's financial advice industry, with consumers suffering from an "advice gap", the long-awaited Financial Advice Market Review (FAMR) has said. The review recommends that government allow consumers to access a small part of their pension pot, which they could redeem against the cost of pre-retirement advice. "This will ensure that [...]
Yu Group valued at £26m after being significantly oversubscribed ahead of IPO for Aim listing March 14, 2016 Gas and electricity supplier Yü Energy has priced its shares 185p, valuing the firm at £26m, ahead of its launch on Aim this Thursday. Yü, which supplies energy to small and medium-sized businesses, said it had been "significantly oversubscribed" in its placing with institutional investors. Shore Capital is Nomad and sole broker. The total placing, including the share sale, [...]
Ryanair’s corporate jet plans show the value of excelling in a few areas, rather than trying to please all of the people all of the time March 10, 2016 Ryanair has made its name with its no frills, low cost approach – selecting to prioritise cheap fares over in-flight luxuries. The carrier has made steps to shake off its budget tag in recent years, with the launch of Ryanair Business Plus and renewed focus on customer experience. But the airline is taking its move upmarket to new [...]
This is what ECB president Mario Draghi’s big TLTRO II reveal is doing to banking stocks including Deutsche Bank, UniCredit, Soc Gen and Sabadell March 10, 2016 European banking share prices soared on the back of Mario Draghi's big reveal this afternoon, with the likes of Deutsche Bank, UniCredit and Societe Generale leading the pack. The European Central Bank president cut its deposit rate to minus 0.4 per cent, from minus 0.5 per cent, as well as expanding its quantitative easing programme by €20bn to €80bn a [...]
Bishopsgate and Liverpool Street reopened after police give all clear over “suspect package” March 10, 2016 Streets in the heart of the City, near to the offices of Royal Bank of Scotland, have been reopened after police gave the all-clear over a suspect packaged. Bishopsgate and Liverpool Street were closed in both directions because of an "ongoing incident", City Police said. A City of London Police spokesman told City A.M. that a [...]
John Lewis grows market share in challenging conditions, but PBT falls as pension charges and property declines take hit March 10, 2016 John Lewis Partnership has heralded its market share growth despite "challenging markets". The figures Profit before tax was down 10.9 per cent to £305.5m, in line with expectations, "entirely due" to pension charges and lower property profits, the partnership said. Operating profits before property rose 3.9 per cent to £8.87m at Waitrose and £1.8m at [...]
John Lewis bonus falls to 10 per cent – but still gets a big cheer March 10, 2016 John Lewis Partnership staff gave a huge cheer this morning as the retailer revealed this year's bonus stood at 10 per cent – down on last year's 11 per cent boost. More than 91,000 JLP partners – who work for both the eponymous department store and Waitrose – applauded as the figure was revealed from a giant [...]
