Dairy Crest churns out strong sales of cheddar cheese as spreads suffer September 22, 2015 DAIRY Crest said yesterday that Britons tucking into its Cathedral City cheddar cheese had helped offset falling sales across its spreads business in the first half of the year. The company said first quarter sales of its four key brands, Cathedral City, Clover, Country Life and Frylight, were in line with the same quarter of [...]
AG Barr’s shares lose fizz after wet Scottish summer hits sales September 22, 2015 AG BARR said gale-force winds and rain in its Scottish heartland over the summer and the absence of the Commonwealth Games this year dampened sales in the first half. The Irn-Bru and Rubicon owner said sales fell by four per cent to £130.3m in the six months to 25 July compared with last year, when [...]
IG Group posts £20m jump in revenue after summer of volatility September 22, 2015 ONLINE trading firm IG Group reported a 24 per cent jump in revenue during the first quarter of its 2016 financial year, up to £106m from £85.6m in the same period of last year. Revenue in the UK and Ireland was up by 23 per cent, to £56.4m, “driven by growth in both active client [...]
US house prices up but factory output suffers September 22, 2015 House prices in the US are nearly back up to the peak they hit before the 2007-8 financial crisis, according to figures released yesterday, while slow manufacturing data reflects the impact of weak global growth on the US economy. Prices climbed 0.6 per cent in July compared with June, according to figures published yesterday by [...]
City Moves for 23 September 2015 | Who’s switching jobs September 22, 2015 TAYLOR WESSINGThe law firm has announced the appointment of David McCluskey as a partner in its disputes and investigations team. He joins from Peters & Peters, where he was a partner in its business crime team. McCluskey acts for professional and corporate clients in business crime and regulatory investigations, and he recently successfully defended Fergus [...]
Volkswagen crash hurts Wall St indices – New York Report September 22, 2015 A SELL-OFF in commodities dragged down materials shares yesterday, while Volkswagen suppliers’ shares dropped following the German carmaker’s emissions scandal. The Dow Jones industrial average fell 179.72 points, or 1.09 per cent, to 16,330.47, the S&P 500 lost 24.23 points, or 1.23 per cent, to 1,942.74 and the Nasdaq Composite dropped 72.23 points, or 1.5 [...]
Why the future of fintech (and financial services) is collaborative September 22, 2015 The UK is fast becoming one of the world’s leading fintech centres. So it was fitting that, last week, investors, consultants, multinationals, startups and entrepreneurs gathered in London’s East End for FinTech Week 2015: an event where attendees could share ideas, network and, most importantly, do business together. The expo focused on how to [...]
Jeremy Corbyn’s Flat Earth economics: Why rational people struggle to respond September 22, 2015 Imagine you are relaxing at a bar enjoying a drink after a hard day’s work. The person next to you strikes up a conversation. Initially he seems reasonable. But soon he begins to go on at length about how the Earth is flat and how a misguided cabal of scientists hides this truth from [...]
As its economic growth continues to falter, is George Osborne right to prioritise close relations with China? September 22, 2015 James Sproule, chief economist at the Institute of Directors, says Yes No country can maintain breakneck economic growth forever, and China faces some significant challenges. The biggest will be moving towards a system where market signals replace government initiatives. Britain is right to want to play a leading role in this transition. China’s GDP stands [...]
Skills shortages are a perfect storm for London construction September 22, 2015 No matter where you are commuting from this morning and where your final destination is, it will be impossible not to notice the construction boom taking place in the capital. All around us, new housing is taking shape to accommodate the largest population that London has ever known. Whether colossal structures piercing the low-lying [...]
