London house prices: Galliard launches third phase of Canary Wharf development and there’s just six apartments up for grabs January 27, 2016 Prepare for another burst of apartment hysteria. Galliard Homes has just released a new tranche of bedrooms at its Canary Wharf scheme, and they're expected to sell like hot cakes (again). Just six properties are going up for grabs – new one, two and three bedroom apartments – at its Baltimore Tower scheme in Canary Wharf, the first [...]
WizzAir ups guidance after profits soar January 27, 2016 Wizz Air has raised its profit guidance after an exceptional quarter saw underlying profit soar 365 per cent. The figures Total revenue for the budget airline increased 17.3 per cent in the three months to 31 December, rising to €310m (£234m). Ticket revenues were up 12.4 per cent to €187m, while ancillary revenue climbed 25.8 per cent to €123m. Reported [...]
Paddy Power’s operating profits to land at €180m as dividend announced ahead of Betfair merger January 27, 2016 Paddy Power has said operating profits for the full year should come in at €180m (£136m), after a good final few weeks of 2015. But that will bring earnings per share in at around €3.33, below consensus, which was tipping it at €4 a share most recently. Shareholders will receive a final dividend of €1.20 per share, taking the [...]
Aberdeen Asset Management chairman Roger Cornick retires as fund management firm warns on market outlook January 27, 2016 Aberdeen Asset Management chairman Roger Cornick is to retire at the end of the financial year, the group said this morning, as it warned on the outlook amid ongoing market volatility. Cornick, who has been on the board of the fund manager since 2004 and chairman since 2009, will step down on 30 September, when Simon Troughton, who is [...]
UK house prices are determined by the name of the street, road, court or warren that you live on, research suggests January 27, 2016 Think your house price is all about location? A new survey suggests it's not just the postcode that matters – it's the name of the street, road or terrace that can buoy or dampen the value of your property. Those with homes on a "warren" can command property prices more than double the national average – but [...]
New FCA boss Andrew Bailey in quotes January 26, 2016 He is a Bank of England lifer – but Andrew Bailey, incoming FCA chief executive certainly has a way with words. Some of them give an insight into the man who George Osborne believes can lead the watchdog into its new era – others are just plain colourful. And so far he's managed to avoid [...]
When it comes to retailer abuse of suppliers, Tesco is just the thin end of the wedge January 26, 2016 Tactics used by Tesco to delay or reduce payments to suppliers in order to make its own financial performance look better are common practice in the retail sector. It is not unusual for larger customers to put undue pressure on suppliers; either by failing to make payments on time or by demanding cost reductions or [...]
Four London schools evacuated over bomb threats; two thought to be in Merton, south London January 26, 2016 Four London schools have been evacuated this morning following a bomb threat. Police confirmed that four schools had been evacuated but they have not been officially named. However, according to local paper the Wimbledon Guardian, quoted two parents saying their children had been evacuated from Ricards Lodge High School in Lake Road, Wimbledon. One source, who asked to remain [...]
The FCA’s new chief executive named as Prudential Regulation Authority’s Andrew Bailey January 26, 2016 George Osborne has named the deputy governor of the Prudential Regulation Authority (PRA) Andrew Bailey as the new chief executive of the FCA. He will succeed interim chief executive Tracey McDermott, who has acted in the role since Martin Wheatley was unceremoniously removed from the post in September. Bailey, who is being appointed for a five year term, will [...]
Carphone Warehouse to close 134 stores as Dixons Carphone merger success continues January 26, 2016 More than 130 standalone Carphone Warehouse stores are to be closed, as the business continues to merge its retail arms. Parent company Dixons Carphone said it had decided to roll its three-in-one store format, which includes PC World and Currys alongside the phone specialist, out across the whole UK and Ireland market having received a big thumbs up from customers [...]
