IG Group bemoans summer’s trading snoozefest September 20, 2016 You'd have thought the past few months would have been pretty interesting (if not downright hairy) for spread betters like IG Group – but this morning the company said quiet market conditions had hit business. The figures The online trading group said revenues in its first quarter hit £111.4m, up 5.1 per cent from last year. It put [...]
Brace yourself for Storm Angus: The Met Office has released this year’s list of storm names September 19, 2016 Brace yourselves, for Angus and Barbara may be about to rampage through the UK: yes, the Met Office has issued its list of storm names for the 2016/17 season. Goodbye, Nigel – hello Natalie. Also included on the list are Conor, Doris and Ewan, plus some with a more multicultural flavour, such as Kamil. Irish boy's name [...]
Most chief financial officers want the corner office September 19, 2016 If you're a chief executive, it may be worth looking over your shoulder – for new research has found the nation's chief financial officers have corner office aspirations. According to findings from Robert Half, 86 per cent of finance chiefs want to be chief executive of their current organisation. Some 44 per cent of finance [...]
Rolls-Royce shares have risen after it admitted it is cutting hundreds more management roles September 19, 2016 Shares in Rolls-Royce rose in early trading after the troubled engineering giant admitted it is making another 200 job cuts. Shares rose almost two per cent to 741.5p after the company said over the weekend it was planning the job cuts, all of which will be at management level, it was reported. The company has undergone [...]
Shares in European lenders finish lower after Deutsche Bank is asked to pay $14bn over mortgage-backed securities claims September 16, 2016 Shares in British banks finished at the bottom of the FTSE 100 after Deutsche Bank after it admitted it had been asked to pay a massive $14bn (£10.6bn) fine by the US Department of Justice (DoJ). Shares in the lender were down 8.5 per cent at €11.99, its worst day of trading since the day after the Brexit vote, after it said in [...]
RIP Grexit? Citi says it no longer believes Greece will leave the EU September 16, 2016 Remember Grexit, the EU-changing event that didn't happen before Brexit did (almost) happen? Citi, the lender whose chief economist coined the term, has said it is now so unlikely it is removing it from its baseline scenario. RIP Grexit. In a note today analysts said although bailout negotiations between Greece and its so-called troika of creditors – the [...]
Seat and Cosmopolitan magazine have designed a special lady car for ladies September 16, 2016 Are you a female driver who doesn't feel your vehicle is "sophisticated" or "chic" enough? Never fear – for Seat has worked with Cosmopolitan to create the Mii city car, a runaround which will suit your delicate feminine sensibilities. The pair said today that, as the cars we drive are a reflection of our personalities, they [...]
We finally have a launch date for The Grand Tour, Jeremy Clarkson’s Amazon Top Gear wannabe September 16, 2016 After what feels like aeons of hype, Amazon has finally confirmed a launch date for The Grand Tour, Jeremy Clarkson's Top Gear-alike car show. The company said today the series, which also features Clarkson's Top Gear chums James May and Richard Hammond, will launch on 18 November on Amazon Prime Video, with new episodes released on a [...]
Next and Morrisons: What a difference a year makes September 16, 2016 What a difference a year makes. This time in 2015, shares in clothing retailer Next were up after it reported a jump in sales in its first half. Meanwhile, Morrisons warned of a “long recovery” as it made plans to sell its underperforming M Local stores amid falling sales and profits. Yesterday those fortunes reversed: [...]
