Bovis Homes completes £1.1bn Galliford Try acquisition January 3, 2020 UK housebuilder Bovis Homes this morning announced it has completed the £1.1bn purchase of two Galliford Try businesses, in a deal which could reshape the UK housing market. The agreement to buy Linden Homes, as well as Galliford Try’s own partnerships and regeneration business will create a top five housebuilder with the ability to provide [...]
Next raises forecast after Christmas sales beat expectations January 3, 2020 Clothing retailer Next continued its strong progress as the company beat its internal forecast for its Christmas performance by 1.1 per cent. In a trading statement, the company said that total full price sales for the fourth quarter were up 5.2 per cent, with sales for the full year up 3.9 per cent. Read more: [...]
UK house prices end decade on a high with 1.4 per cent growth January 3, 2020 House prices were 1.4 per cent higher year-on-year in December, the first rise of more than one per cent for 12 months. According to research from Nationwide, after seasonal factors had been considered prices rose by 0.1 per cent in December. Read more: Rightmove: Tory election win will boost house prices by 2 per cent [...]
European stocks falter after US kills top Iranian general in Baghdad January 3, 2020 European markets faltered this morning amid rising tensions after the US confirmed that it had killed one of Iran’s top military officials in an air strike. In the UK, the FTSE 100 opened 0.5 per cent down, with the biggest fallers being the travel groups and airliners EasyJet, IAG and TUI Group. Read more: Donald [...]
Three companies pay Ofgem £10.5m over 9 August power cut January 3, 2020 Three companies have paid Ofgem a combined £10.5m over the power cuts of 9 August, which disrupted supply to more than 1m customers. After investigation, Ofgem found that two large power stations, Hornsea One Ltd and Little Barford – operated by RWE – did not remain connected after the lightning strike. Read more: National Grid [...]
Travis Kalanick to leave Uber’s board in December December 24, 2019 Travis Kalanick has resigned from the board of Uber, the ride-hailing service that he founded and helped make a global phenomenon. In a statement, Uber said that the entrepreneur would step down on 31 December to concentrate on other business endeavours. Read more: Uber co-founder takes stock sale to over $700m In a statement, Kalanick [...]
Tim Clark to step down after thirty years as Emirates Airlines president December 24, 2019 Sir Tim Clark will step down as the president of Emirates Airline in June next year, bringing to an end more than 30 years at the company. Under Clark’s leadership the state-owned business became the world’s largest airline and helped transform Dubai into a global transport hub. Read more: Emirates orders $9bn worth of Boeing [...]
Credit Suisse admits to spying on second executive December 24, 2019 The Credit Suisse spying saga continues as the Swiss bank admitted to having undertaken surveillance of a second senior executive. Following surveillance of the firm’s former wealth management chief, bank blamed former chief operating officer Pierre-Olivier Bouee for hiring detectives in February to track former human resources head Peter Goerke. Read more: Credit Suisse cuts [...]
Anglo American gets crucial permit to boost mining dam in Brazil December 24, 2019 One of Anglo American’s largest mines will remain open after the commodities giant won a crucial permit to continue adding waste to a facility in Brazil. The blue-chip company has had to endure a delay of several months to obtain the license for the “tailings” dam at Minas-Rio in Minas Gerais state, having increased the [...]
Liberty Steel set to continue US expansion with Bayou Steel purchase December 24, 2019 Liberty Steel Group, part of the Sanjeev Gupta’s GFG Alliance, today announced that it has been named preferred buyer for Bayou Steel, the US firm which has been in administration since the end of September. The deal, which is worth $28m (£21.7m), would see Liberty upgrade and modernise Bayou’s idled steel mill in LaPlace, Louisiana. [...]
