UK Oil & Gas’s share price leaps 71 per cent as it finds “significant” amounts of “moveable oil” at Gatwick Gusher on Horse Hill February 16, 2016 UK Oil & Gas's share price leaped more than 71 per cent this morning after revealing there were "significant quantities of moveable oil" at the so-called Gatwick Gusher. Horse Hill Developments has told UK Oil & Gas that "light, 40-degree API, sweet oil has flowed naturally to surface from an 80-foot zone within the Lower Kimmeridge limestone interval [...]
Anglo American’s share price falls as it unveils turnaround plan as earnings, revenues slump against challenging commodities environment February 16, 2016 Anglo American's share price fell more than 6.7 per cent this morning as the miner unveiled a major turnaround plan that it claims will create a "new" business, in light of some pretty dismal full year results. The figures Underlying EBIT fell 55 per cent to $2.2bn for the year to 31 December, while underlying earnings slumped [...]
EDF’s share price rises as it cuts dividend after net income falls – and gives update on Hinkley Point February 16, 2016 French energy giant EDF's share price rose this morning after revealing it was cutting its dividend as full year net income fell by two-thirds, warning of "essential" transformation in light of challenging conditions. The figures The group's EBITDA rose 3.9 per cent to €17.6bn, in line with the upgraded target of at least three per cent growth, while net [...]
Hornby’s share price soars more than 35 per cent as chief executive Richard Ames leaves following profit warnings February 15, 2016 Hornby's share price has soared more than 35 per cent today, after revealing chief executive Richard Ames was leaving the business with immediate effect. Ames stepped down after the toymaker was forced to issue yet another profit warning and admission it could breach its banking covenants last week, prompting the share price to collapse. Chairman Roger Canham [...]
Death of the high street? Don’t be so sure – bricks and mortar shopping still matters February 15, 2016 The ‘death of the high street’ has been a favoured headline for years now, but is yet to actually materialise. Online is certainly growing – on that we can all agree – but we shouldn’t be too hasty in declaring that this is at the expense of everything else. Indeed, new data today from the British Retail [...]
HSBC’s decision to stay in London is great for the UK, the capital and the kick-start London’s financial services needs February 15, 2016 It comes as a welcome relief that HSBC has taken the decision to maintain its headquarter status in London. Its towering Canada Square, Canary Wharf presence allows the famous HSBC sign to be seen from some distance away. It is therefore, great news that this will remain intact. There are a number of reasons why [...]
James Bond’s guide to bonds: Here’s how Daniel Craig, Sean Connery, Roger Moore, Timothy Dalton and George Lazenby would match up in the fixed income world February 15, 2016 The 007 franchise has remained a consistent money-spinner since 1963. But while James Bond always likes a Martini and a sharp-fitting tux, his character has shifted in line with the actors who’ve played him. As Daniel Craig is rumoured to be leaving the franchise to star in a US TV series, we ask, which financial bonds suit their movie namesake? And [...]
The UK appears to be siding with America over Israel boycott – and here’s why that’s a good thing February 15, 2016 The British government is currently preparing legislation that will prohibit public bodies from adopting boycotts against Israel. Under the provisions of this new law, the government would be able to prosecute local councils, universities, students unions and a range of other state organisations should they attempt to boycott the Jewish state. While the movement lobbying [...]
London house prices: South Ruislip the hottest property spot on the Tube map as Crossrail boosts prices in Zones Three and Four February 15, 2016 When you're thinking of the hottest property spots in London, Hillingdon's finest South Ruislip might not be the first location to pass your lips. But the Zone Five station has named London's most in-demand neighbourhood out of the 280 Tube stations on the network, with 75 per cent of available properties selling within the last three [...]
UK house prices: Help to buy has boosted the number of houses built and first-time buyers – but it’s not inflating prices, claims government report February 15, 2016 Suffering from misgivings about whether help to buy is really the panacea the government claims it is? A new report published this morning claims it has boosted both house building and first-time buying – but it has not artificially boosted prices. And the report has been published by… er… the government. The equity loan scheme, [...]
