Lonmin share price plummets alsmost 14 per cent as it announces 3,000 job cuts July 24, 2015 Shares in troubled platinum miner Lonmin plummeted 13.9 per cent to 68.95p in late morning trading after it announced plans to close two of its mine shafts, putting 6,000 jobs at risk. Read more: Why commodities' latest price slump complicates the backdrop for interest rate hikes In an update to the stock exchange this morning, the [...]
The best commuter towns around London: High Wycombe, Chelmsford and Epsom have the best schools, lowest house prices and quickest commutes July 24, 2015 Want to get out of the Big Smoke, but keep your commute to a minimum? You could do worse than moving to High Wycombe in Buckinghamshire, where the schools are ranked well, property prices are (fairly) reasonable – and the journey to the capital is a mere 28 minutes. That's according to a study by [...]
What’s in the Walkie Talkie building? From the Sky Garden to RSA, here’s a storey-by-storey breakdown of every restaurant, bar and business in 20 Fenchurch Street July 24, 2015 It may have been open less than a year, but from frying eggs to creating wind tunnels, 20 Fenchurch Street – better known as the Walkie Talkie – has already had its fair share of controversies. But what’s actually inside? And what does its Sky Garden (also controversial after its developers decided to
Pearson posts £115m loss a day after sale of FT to Nikkei July 24, 2015 A day after it sold the FT to Japanese rival Nikkei for £884m, publishing giant Pearson has posted a loss of £115m in the six months to the end of June. The figures Pearson, which after yesterday's sell-off of its flagship newspaper title will focus largely on educational publishing, said losses before tax hit £115m [...]
McDonald’s sales go stale as revenues drop 10 per cent July 23, 2015 Not a good start for new McDonald's chief executive Steve Easterbrook, after the company reported revenues down 10 per cent to $6.5bn (£4.2bn) in the three months to the end of June. The figures Global sales fell 0.7 per cent in the quarter, while operating income fell 16 per cent to $1.8bn. Diluted earnings per share also fell 10 per [...]
Sony signs deal to make Emojis, the movie – coming soon to a cinema near you July 23, 2015 It was only a matter of time before this happened: Sony has signed a new deal to make a movie based on emojis, the colourful little smiley faces sand symbols embedded on your mobile device. Is a cash of thumbs up – or more a smiling pile of poo? We're not sure… Reports suggest the [...]
Generation Rent needs to stop obsessing about owning a home: renting is not a social curse July 22, 2015 Renting may be becoming the norm for large swathes of the UK’s population, certainly the under-40s, but a fundamental mindset change still needs to take place away from ingrained assumptions owning a home is preferable to renting it. For many the idea of lifelong renting is something to strive away from at all [...]
Apple, Yahoo, Microsoft, IBM and Twitter share prices fall as US markets open July 22, 2015 US technology shares all fell as US markets today, after disappointing results by Apple prompted a mass sell-off overnight. Read more: Apple reckons Watch sales "beat internal forecasts" The iPhone manufacturer led the fallers, with its shares falling five per cent to $124.29, after a 7.3 per cent drop in pre-market trading wiped $66bn off its [...]
Bigger is better, property is still nine-tenths of the law and why the network effect creates billionaires: The seven secrets of spectacularly rich people July 22, 2015 In 1991 there were about 270 billionaires in the world. Today there are more than 1,800, and 290 were added to the rolls in the past year alone. In other words, more people became billionaires in the past year than the entire number of billionaires in 1991. A negative person might say that's further evidence [...]
Institute of Directors: Bank of England must raise interest rates now or risk being defenceless during the next crisis July 22, 2015 The Institute of Directors (IoD) has urged the Bank of England's monetary policy committee (MPC) to start raising the interest rate "now" or risk being "defenceless" when the next financial crisis comes. Read more: Pound jumps as Bank of England moves closer to rate hike In a statement released after yet another decision to hold rates [...]
