London house prices: Ex-council flat in Covent Garden sold for record-beating £1.2m August 14, 2015 A small two-bedroom flat near London’s Covent Garden has become one of the most expensive council flats ever sold after going under the hammer for £1.2m. Property agent Barnard Marcus said the flat, which is part of Siddons Court, an ex-council mansion block on Tavistock Street, has been snapped up for £1.21m after just six [...]
King shares slip as games firm reports big loss August 14, 2015 SHARES in King Digital Entertainment fell by more than eight per cent in extended trading yesterday after the creator of Candy Crush Saga reported a 28 per cent drop in quarterly profit. The company said that profits took a hit as its number of monthly unique users dipped and a strong dollar dented sales from [...]
Labour leadership contest: Yvette Cooper warns Labour party could split if Jeremy Corbyn wins August 14, 2015 Labour leadership hopefuls Yvette Cooper and Liz Kendall stepped up their rhetoric against left-wing front-runner Jeremy Corbyn late last night. Speaking to the BBC, Cooper said that there was a “serious risk that the [Labour] party will split” if the far-left Islington North MP wins the leadership contest. And while Cooper insisted that she would not walk away [...]
UK immigration: Businesses including Asda, Lloyds Banking Group, Rolls-Royce, Siemens warn Tories over migration curbs August 14, 2015 Britain’s biggest businesses have warned the government against tightening rules for employing foreign workers, saying that new restrictions could increase costs, jeopardise graduate schemes and encourage firms to move their operations overseas. Asda, Lloyds Banking Group, Rolls-Royce, Siemens and others made their case in formal submissions to the Migration Advisory Committee (MAC), a group of [...]
PGA Championship: Dustin Johnson sets pace in quest for Major title August 14, 2015 Major-chasing Dustin Johnson insisted he will not be weighed down by past near-misses after setting the pace during the opening round of the PGA Championship at Whistling Straits yesterday. Johnson, who was given a two-stroke penalty with victory in his sights at the same course in 2010, carded a six-under-par round of 66 to top [...]
Nomad spends £500m on Birds Eye fish fingers August 13, 2015 BIRDS EYE owner Nomad Foods yesterday purchased the continental European operations of Findus Group for £500m, adding to its growing stable of frozen-food producers. The purchase from investors including Lion Capital, Highbridge Capital and Sankaty Advisors comes four months after Nomad agreed to purchase Iglo Foods Holdings, the maker of Birds Eye frozen vegetables and [...]
Tesla unveils $500m extra stock offering August 13, 2015 ELECTRIC car manufacturer Tesla has announced that it intends to offer $500m (£320m) of additional shares of common stock in an underwritten registered public offering. The raised capital will be used to accelerate growth of the business globally, but specifically will help fund Tesla’s upcoming Model 3 project and completion of a battery gigafactory in [...]
High-skilled worker shortage adds to UK exporters’ headache August 13, 2015 PROFESSIONAL skills shortages are adding to the struggle faced by UK exporters, a survey has found today. Difficulties in hiring were reported by 68 per cent of exporters, according to figures released by the British Chambers of Commerce (BCC). “If we are going to reverse the UK’s trade deficit, then businesses need a workforce with [...]
Research reveals poorest pay biggest share of income in tax August 13, 2015 THE POOREST face the biggest tax burden in the UK, a lobby group said today. Families on the lowest incomes pay 45 per cent of their gross income in tax – more than any other income group, according to analysis from the TaxPayers’ Alliance. Most of this was down to VAT, council tax, fuel duties and [...]
Pre-tax profit lifts Thyssen to another level August 13, 2015 THYSSENKRUPP yesterday announced an improvement of pre-tax profit of 33 per cent for the first three quarters, at €1.26m (£900,000), as it reaffirmed its forecast for its full-year results. The third quarter saw the highest gain in earnings with a 33 per cent increase year-on-year of €539,000. Chief executive Dr Heinrich Hiesinger said: “The further [...]
