Shanghai stocks suspended amid crash fear July 7, 2015 Chinese stocks fell yesterday, taking little comfort from support measures from Beijing in recent days. Almost 200 stocks halted trading after the close on Monday, bringing the number of suspensions to 745, or 26 per cent of listed firms on mainland exchanges in areas such as Shanghai (pictured). Investors are increasingly worried about a full-blown [...]
London mourns a dark day in our history July 7, 2015 London came together in ceremonies and moments of silence yesterday as the city remembered the victims of the 7 July bombings in 2005. Prime Minister David Cameron laid a wreath in Hyde Park and later attended a service along with mayor Boris Johnson and former PM Tony Blair.
Red tape to blame for City skills shortage: Demand for professionals stays strong but supply hampered by UK immigration rules July 7, 2015 Tough immigration rules and excessive regulatory standards has left City firms with severe skills shortages, according to new surveys. Growth in the number of jobs secured dropped to a two-year low in June, data released today by the Recruitment and Employment Confederation revealed. Demand for professional workers – which covers finance, law and IT among [...]
Sterling strength puts dent in annual results for law firm Freshfields Bruckhaus Deringer July 7, 2015 International law firm Freshfields Bruckhaus Deringer saw revenues increase just one per cent for the year ending 30 April. The London-based legal practice blamed strong currency headwinds for the results, saying today that revenues increased by four per cent on a constant currency basis. Freshfields also reported a drop of one per cent in net [...]
Netflix’s first blockbuster is a beast July 7, 2015 New media giant Netflix said last night its first original movie, Beasts of No Nation starring Golden Globe winner Idris Elba, will be released to subscribers on 16 October on its popular video streaming service, but also in selected US theatres.
Marks & Spencer AGM: Setback for M&S as clothing sales slide off hanger July 7, 2015 Investors and retail observers allowed themselves a small sigh of relief in April when Marks & Spencer brought 14 consecutive quarters of falling general merchandise sales to a halt. After efforts to improve the quality and style of its clothing and to win back disillusioned customers, it seemed to have broken a spell. [...]
McBride relies on strong German market as UK performance flags July 7, 2015 PRIVATE label product supplier McBride said yesterday continued strong growth in Germany helped to offset a weaker performance in the UK and other key continental European markets during the year to 30 June. The company said revenues for the 12 months were up by 0.3 per cent compared to last year. Operating profit for the [...]
Lionesses get a roar from big TV audience July 7, 2015 THE FIFA Women’s World Cup, which saw England face heartache against Japan (above) before they beat Germany to finish third, reached 12.6m viewers, more than double the viewers of the Euro 2013 competition. The Lionesses’ semi-final and play-off were both watched by an average of 1.6m viewers.
Watchdog will open new RSA Ireland inquiry July 7, 2015 INSURER RSA is facing an external investigation over financial irregularities in its Irish business, which were uncovered in 2013. The Financial Reporting Council (FRC) announced yesterday that it has decided to investigate the conduct of certain individuals at RSA Ireland. An RSA spokesperson said: “This is not an investigation into RSA. The FRC’s remit is [...]
Smiths Group share price dips as Andrew Reynolds Smith set toreplace Philip Bowman July 7, 2015 Engineering company Smiths Group has named Andrew Reynolds Smith, currently chief executive of GKN Automotive, as replacement for outgoing boss Philip Bowman. Reynolds Smith will join the firm as chief executive on 25 September. News of his appointment failed to stoke up enthusiasm among investors, instead pushing shares in the company down by 4.91 per [...]
