Households’ heavy debts could hurt the UK’s economic recovery April 15, 2015 Britons are still carrying heavy private debts, the International Monetary Fund (IMF) warned yesterday, which could hamper the burgeoning economic recovery. High rates of borrowing in the pre-crash years led to a consumer boom as debt-funded spending drove economic growth. But “the crisis exposed the fragility of this credit-driven growth model and the risks to [...]
Netflix subscriptions beat forecast April 15, 2015 NETFLIX – the home of Better Call Saul – saw revenue jump 24 per cent in the first three months of the year. Revenue rose to $1.57bn (£1.06bn) from $1.27bn a year ago. In the same three months, the TV and film streaming service provider added 4.88m net subscribers worldwide, beating its own forecast of [...]
Legal & General paid chief Nigel Wilson £4.2m last year April 15, 2015 Insurance boss Nigel Wilson made £4.2m in 2014, up from £4m the year before. The total remuneration received by Wilson, who heads up insurance and investment group Legal & General, included a base salary of £808,000 and also £2m from a three-year performance share plan which vested last year. To qualify for the full [...]
General Election 2015: A Labour government could send Royal Mail boss Moya Greene elsewhere April 15, 2015 She might hail from Canada, but I’d bet that Moya Greene will be keeping a closer eye than many Britons on the outcome of the General Election. Eighteen months after its contentious privatisation, the boss of Royal Mail may face the prospect of a full parliamentary term with UK government ministers behaving as an irritatingly [...]
Draghi plays down bond bubble fears and early policy exit talk April 15, 2015 EUROPEAN Central Bank (ECB) chief Mario Draghi yesterday dismissed fears of a European bond bubble, insisting that talk of an early end to bond purchases was premature. “So far we have not seen any evidence of a bubble,” he said after the ECB chose to hold interest rates at record lows. It has been suggested [...]
Oil firm forced to backtrack over Gatwick bonanza April 15, 2015 THE JUNIOR market regulators yesterday pushed UK Oil & Gas Investments (UKOG) to clarify its announcement last week that up to 100m barrels of oil had been discovered near Gatwick. UKOG’s shares flew up by as much as 300 per cent last week when it announced that the results of preliminary analysis by US firm [...]
Asia Resource Minerals share price soars as Rothschild pushes on despite ASML proposal April 15, 2015 Shares in Asia Resource Minerals (Arms) surged up by 80 per cent yesterday, following a statement from shareholder Argyle Street Management (ASML) that it is considering making a £200m takeover bid for the mining group through a new vehicle. The shares hit 29p before easing back to close at 27p. ASML, funded by Indonesian business, [...]
Strong start for producer Iofina April 15, 2015 IODINE specialists Iofina reported a “record month of production” in March, bringing total crystalline iodine production in the first quarter of 2015 to 127.9 tonnes. The group expects to produce between 220 and 260 tonnes of crystalline iodine in the first half of this year. Tom Becker, president and chief executive at Iofina, said: “We [...]
Fresnillo gold output jumps April 15, 2015 SHARES in mining firm Fresnillo were up by 2.15 per cent yesterday after it reported a 62.4 per cent increase in gold production in the three months to 31 March. The firm said output of 182,000 oz was mainly due to its Herradura mine being fully operational again, having been subject to a temporary explosives [...]
Long road to recovery for oil price April 15, 2015 GLOBAL oil markets may take longer to tighten than expected due to a surge in supply from the Organisation of the Petroleum Exporting Countries (Opec) and a potential rise in Iranian exports, even though it looks like demand is beginning to strengthen, the International Energy Agency said in its monthly market update yesterday.
