Brewin Dolphin shift to bespoke pays off after income rises January 29, 2014 WEALTH manager Brewin Dolphin yesterday said its turn towards one-to-one investment services for well-heeled clients had helped offset losses made after a regulatory ban on fund commissions. The company, which traces its roots back to 1762, saw core income from its discretionary, advisory and execution offerings rise by 15 per cent year on year for [...]
Ex-BGC broker banned for Tullett poaching January 29, 2014 A FORMER executive at broker BGC has been banned from senior roles in financial services after he tried to encourage staff at rival Tullett Prebon to break their contracts and work for him. Anthony Verrier was accused of hiding evidence by reporting eight Blackberries lost between April 2008 and April 2009, so incriminating texts on them [...]
Liontrust pinned back after investor pulls cash from fund January 29, 2014 LIONTRUST Asset Management, the City fund manager, yesterday said assets under management rose slightly last quarter despite two big redemptions from investors in the firm’s funds. The company said it attracted £50m of new money and markets and performance added £146m to help take funds under management up from £3.37bn to £3.57bn for the three [...]
Mulberry takes £140m hit after profit warning January 29, 2014 SHARES in Mulberry plunged by more than a quarter yesterday, after the luxury fashion group issued its second profit warning in less that a year, blaming fierce discounting over Christmas and weak trading in Korea. The group, which has furnished the likes of Victoria Beckham with its designer handbags, said it now expects profits for [...]
Business plan to prepare students for workplace January 29, 2014 A LEADING business group will today demand a transformation of the UK’s education system, arguing that young people are leaving school unequipped to succeed in the workplace. The government must use the tax system to encourage apprenticeships and the learning of foreign languages, a move which could boost exports according to the British Chambers of Commerce (BCC). [...]
Nintendo executives take drastic pay cuts after results disappoint January 29, 2014 NINTENDO reported lacklustre results for its traditionally strong third quarter yesterday alongside the announcement that its chief executive and senior staff would take pay cuts of up to 50 per cent. The video games maker, behind iconic gaming franchises Mario and Donkey Kong, said its operating profit fell 6.9 per cent during the quarter to [...]
Carphone set to run 60 Samsung stores in Europe January 29, 2014 SAMSUNG and Carphone Warehouse have signed an agreement for the high street retailer to convert 60 of its stores across Europe into dedicated Samsung stand-alone stores. Carphone Warehouse was one of the top risers on the London Stock Exchange yesterday on the news with shares rising 6.69 per cent to close at 287.2p a share. [...]
Encore une fois: ITV launches new on-demand pay channel on Sky January 29, 2014 ITV WILL launch its first new channel in eight years on Sky as part of a four year deal that includes a renewal of the broadcaster’s retransmission deal covering Sky’s 4.8m high definition subscribers. ITV Encore will host some of ITV’s top drama series from recent years, as well as original content from 2015. “ITV [...]
Just a third of small and medium sized businesses use advertising January 29, 2014 ONLY 30 per cent of small and medium sized enterprises (SMEs) advertise their services, despite every £1 spent on advertising being estimated to have eight times the impact on growth as £1 spent by larger firms. SMEs represent just 18 per cent of total advertising spending in the UK but account for 40 per cent [...]
Shell sells stake in Brazilian oil field for £600m January 29, 2014 ROYAL Dutch Shell yesterday sold a 23 per cent stake in an oil project offshore Brazil for $1bn (£600m), ahead of today’s fourth-quarter results which the oil major had warned would reveal “significantly” lower profits. The FTSE 100-quoted company sold part of its holding in the Parque das Conchas project to Qatar Petroleum International, the [...]
