HSS profits fall as rapid growth hits bottom line at hire group April 20, 2015 HSS HIRE group saw its 2014 pre-tax profits plunge, it was revealed yesterday as increased expenditure undermined growing revenues. The machine hire firm, which listed on the FTSE main market in February, saw rapid expansion in the year ending 27 December, investing £30m on growing its specialist hire fleet. In addition, the company acquired Apex [...]
Miliband gives one voter the heebie-jeebies April 20, 2015 VOTERS have had some interesting reactions to the manifesto launches of the last week – and not in the way you might expect. They collectively had only “the haziest recollection” of the details – despite them dominating the news all week. As part of the weekly poll update for Ashcroft National Polls, they had to [...]
Aberdeen puts on the pedal cleats for a three year cycle deal April 20, 2015 ABERDEEN Asset Management made its first foray into the cycling arena yesterday with a maiden sponsorship of a pro-cycling team. The funds house will augment its famous sponsorship of Cowes Week – the glitzy week of sailing during August – with a three year deal to sponsor NFTO (Not For The Ordinary), the UK’s number [...]
Peer-to-peer lender Assetz raises £3m from crowdfund site Seedrs April 20, 2015 A pair of peer-to-peer sites came together in a funding operation yesterday which underlines the growing clout of the alternative finance sector. Lending site Assetz raised £3m through equity fundraising site Seedrs. It takes the total raised by debt crowdfunders on Seedrs to more than £4.5m. The debt firm had planned to raise £2m on the [...]
G4S scraps quarterly reporting to ease barrage of financials April 20, 2015 Security group G4S has scrapped quarterly reporting of its financials, taking advantage of rules which came into force last year to reduce the frequency of its publications. The firm said that its contracts and income flows tend to be relatively predictable. Instead, it plans to report its financial results every six months, and fill the [...]
Rothesay Life gets new top brass in the boardroom as insurer reveals plans for £3bn IPO April 20, 2015 Five new directors will join the board at insurance firm Rothesay Life it announced yesterday after stating 2014 pre-tax profits leap by a third. Among the new appointments will be Andrew Stoker, the current chief financial officer, who will be taking up the role of executive director. In addition to Stoker, Richard Beriland, Glenn Earle, Naguib [...]
Russell Brand and BBC lift Audioboom’s podcast audience April 20, 2015 Online podcast provider Audioboom has been living up to its name lately, reporting explosive growth in content and registered users in yesterday’s performance update. Audioboom, home of The Russell Brand Podcast, signed on over 150 new content partners in March, acquiring programs like BBC Radio’s Six O’Clock News and the Wimbledon Tennis Championships. The additions [...]
St Modwen snags new finance chief Robert Hudson from British Land April 20, 2015 St Modwen has snapped up a new financial director in the form of Robert Hudson who will be joining in October from British Land, it announced yesterday. The Birmingham headquartered property developer will see the 41 year old Hudson replace Mike Dunn who last December announced his intention to step down from the role on [...]
Google search shake-up could leave firms in the lurch – Bottom Line April 20, 2015 GOOGLE is about to embark on a major algorithm change which could leave businesses who have yet to adapt to mobile see their customer base shrink overnight. Billed as “mobilegeddon” in some quarters, the search engine will tomorrow start to roll out what is expected to be the biggest change to its search results in [...]
City Moves for 21 April 2015 | Who’s switching jobs April 20, 2015 Cushman & Wakefield The real estate adviser has appointed Rebekah Tobias as partner within its London-based cross border capital markets team. She joins from D2 Private, a boutique investment firm. Tobias has also held roles at CBRE in both London and New York. Eaton Vance Management International David Miles has been appointed vice president, business [...]
