Gold prices buoyed by Fischer comments August 11, 2015 Gold prices climbed 0.9 per cent to reach a three-week high of $1,104.10 per troy ounce yesterday. It came after US central banker Stanley Fischer told Bloomberg TV there must be a rise in inflation before interest rates can be lifted. When rates go up, gold struggles to compete against interest-bearing investments, hitting prices.
William Hill have loads of money August 11, 2015 TACT is not something bookies are known for. From Ladbrokes’ offers on who would replace sacked Barclays chief Antony Jenkins to betting on Greece’s future in the Eurozone, bold statements are a huge part of the betting world. No surprises, then, that William Hill celebrated a £50m prize giveaway by putting £50m in cash in [...]
Frank Sinatra tribute in Canada Square Park: Rat pack comes to the rat race in Canary Wharf August 11, 2015 Regrets; City workers may have a few if they don’t head to Canary Wharf tonight. It’s Frank Sinatra’s would-be 100th birthday and the guys at Canary Wharf Group are putting on a tribute to remember in Canada Square Park. It’s all part of Twilight Delights – a month of open-air, entirely free concerts in the [...]
Esure share price drops as profit hits the brakes August 11, 2015 Shares in Esure tumbled by 9.6 per cent yesterday after it published interim results showing a 21.3 per cent fall in underlying profits before tax. Profits in Esure’s motor insurance arm fell to £3.3m, 80.7 per cent down on the previous year’s half-year figure of £17.1m. The online insurance firm, which owns Sheilas’ Wheels and [...]
Fickle weather sends consumers rushing from pubs to takeaway August 11, 2015 Consumer spending rose by 4.5 per cent year-on-year in July, new figures show, as Britain’s unpredictable weather conditions created a tale of two halves for retailers. Barclaycard said yesterday there had been a strong spike in spending at the beginning of July when the weather was warm, which was then washed away by heavy rainfall [...]
Housebuilder Berkeley reveals £46m payout to its top directors August 11, 2015 Berkeley group has grown to become one of the UK’s biggest housebuilders with a market value of around £4.8bn – and its top dogs are reaping the rewards. Yesterday it revealed that chief exec Tony Pidgley took home £23.3m last year. Overall director pay leapt from £16.7m to £46.1m, as top execs benefitted from the [...]
The boy done good August 11, 2015 BERKELEY Group’s founder and chief executive Tony Pidgley took home £23.3m last year after profits at the London-focused housebuilder surged by more than 42 per cent. The payout marks an astonishing rags-to-riches tale for Pidgley, who was adopted by travellers as a child and quit school when he was 15. The company’s latest annual report, [...]
Fitbug rejigs balance sheet with £1.7m of funds to aid expansion August 11, 2015 HEALTH tracker Fitbug raised £1.67m from a share placing and fresh loan agreement yesterday. The penny stock, which fell 25 per cent in trading after the fundraise, generated £665,000 by placing 26.6m new shares at 2.5p. A further £350,000 worth of shares were sold to investor NW1 Investments. Fitbug also agreed an additional £650,000 convertible [...]
Grocers’ price wars weigh on July retail sales August 11, 2015 RETAIL sales slowed in July from the previous month’s two-year high as the fierce supermarket price wars continued to weigh on the sector. Figures from the British Retail Consortium (BRC) and KPMG this morning show that like-for-like UK retail sales were up 1.2 per cent in July compared with the same month last year, when [...]
Regulators rule out huge fines in Co-op Bank probe August 11, 2015 The City’s watchdogs are set to announce the conclusion of their 18-month enforcement probe into the Co-operative Bank today, with the scandal-hit lender expected to avoid any threat of huge fines. The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) launched their investigations of the troubled firm in January 2014. The regulators will [...]
