McCarthy & Stone on course to build 3,000 retirement homes a year February 1, 2016 Fresh from its £1bn November IPO, retirement home builder McCarthy & Stone remains on course to build more than 3,000 homes a year in the medium term and hit targets for 2016, it said today. Three regional offices which opened last autumn are also bringing in profit and land, the group said in a trading update. The company’s [...]
M&G nabs Aberdeen Asset Management chief investment officer Anne Richards as chief executive Michael McLintock announces plans to retire February 1, 2016 M&G, the asset management arm of the Prudential, has poached Anne Richards, the chief investment officer of Aberdeen Asset Management, to take on the role of chief executive when Michael McLintock steps down after 19 years. In a statement this morning, McLintock announced plans to retire later this year, saying it was "time for a change". [...]
Corporate Jet Investor London 2016: Market volatility could be about to hit private jet sales February 1, 2016 NULL
Rolls-Royce share price dips, despite $2.7bn Trent engine deal with Norwegian February 1, 2016 Rolls-Royce has landed a $2.7bn (£1.9bn) contract with budget flyer Norwegian for engines and aftercare support for 19 new planes. The Trent 1000 engines will power 787 Dreamliner jets and the service package will also cover 11 previously announced aircraft. The airline, Scandinavia’s second-biggest carrier, also has options for 10 extra planes to run with [...]
The government has invested £20m to develop driverless car technology February 1, 2016 Say what you like about driverless cars, but the government seems pretty set on making them A Thing: business secretary Sajid Javid has unveiled a £20m fund to help those developing the technology. Eight projects focused on developing technology to create "enhanced communication between vehicles and roadside infrastructure or urban information systems" will share the cash, Javid announced at [...]
Crispy Pancakes maker to disappear from freezers as Findus is rebranded out of existence February 1, 2016 It's about to be a case of harder to Findus, after it was revealed everyone's favourite freezer-based food brand is planning on rebranding. The Grocer reported that Findus, best known for its Crispy Pancakes, is being taken off the shelves by its owner, Young's Seafood, in the spring, ostensibly in an effort to distance it [...]
Countryside unveils price range for £1.1bn IPO February 1, 2016 What market turbulence? Housebuilder Countryside Properties has unveiled the price range for its IPO, which at the mid-range will give it a value of £1.1bn. In a statement this morning, the company said shares will be priced between 225p and 275p, while it will issue 450m shares. Once the IPO is complete, it's anticipated it will have [...]
Ryanair share price rises as it unveils massive share buyback, while profits more than double February 1, 2016 Ryanair is planning to return €800m (£609m) to its shareholders, after it unveiled a huge share buyback. The company said by the end of the nine-month process, it will have returned €4bn to shareholders over eight years. The announcement came as it posted results showing profits after tax jumped to €103m in the three months to [...]
Chinese shares fall as manufacturing activity falls to its lowest since 2012 February 1, 2016 Shares in China fell overnight after a key manufacturing index fell to its lowest level since mid-2012. The official purchasing managers' index (PMI) fell to 49.4 in January, from 49.7 the month before – and missing forecasts of 49.6. Any figure below 50 denotes a contraction in the sector. The Shenzhen Composite index fell 0.93 [...]
Treasury Select Committee chairman Andrew Tyrie pours scorn on HSBC after cyberattack January 29, 2016 Another day, another HSBC outage: the bank confirmed today it had been hit by a Denial of Service (DDoS) attack, which took out online banking operations for most of the day. Now Treasury Select Committee chairman Andrew Tyrie has waded in with a comment that sounds distinctly like "I told you so". “Only last week [...]
