Emirates National Oil pushes to take full control of Dragon Oil March 17, 2015 EMIRATES National Oil (ENOC), which owns 53 per cent of Dubai-based Dragon Oil, is looking to buy the shares it does not already own, Dragon confirmed yesterday. The shares leapt 12.5 per cent yesterday in London to close at 602p, and were 18 per cent ahead of their closing price on Friday of 509p, giving [...]
We are the Treasury DVDs starring Eds Miliband and Balls sent to Labour MPs March 17, 2015 Most of us have embarrassing old personal films, that remind us of things that we have done in the past. Home videos, clips from parties, that kind of thing. For Eds Miliband and Balls, one such film re-emerged yesterday, in the pigeonholes of their fellow Labour MPs. The film was aired in 1997 Envelopes [...]
Budget 2015: Protestors go into the Crystal Maze to grab tax dodger cash March 17, 2015 Protestors donned costumes and recreated the classic Crystal Maze game in the heart of Westminster yesterday, as part of the campaign against tax dodging. Dressed as George Osborne, Danny Alexander, and Ed Balls, they posed with ministerial red boxes inside a glass dome, with fake bank notes flying around. The flying cash represented the money [...]
Sainsbury’s says fightback plan paying off March 17, 2015 SAINSBURY’S chief executive Mike Coupe said the supermarket chain was seeing “some signs of recovery” after launching a £150m fightback plan last year, despite underlying sales falling for the fifth quarter in a row. Like-for-like sales, excluding fuel, fell by 1.9 per cent in the 10 weeks to 14 March, its final quarter, with sales [...]
French Connection shares left on the shelf after sales disappoint March 17, 2015 French Connection shares plunged by an unfashionable 10.66 per cent yesterday after the fashion chain posted worse-than-expected full-year sales and warned of challenging conditions on the high street. The retailer, which was founded in the early 1970s by Stephen Marks, has been trying to reverse its fortunes after years of weak sales and profit warnings. [...]
Sorrell sets sights on Club Card company as WPP empire grows March 17, 2015 ADVERTISING firm WPP confirmed yesterday that it would be submitting a bid to buy a majority stake in data analysis company Dunnhumby. Chief executive Sir Martin Sorrell confirmed WPP’s intention to take the consumer insight firm off Tesco’s hands at the Deloitte Media and Telecoms conference. Sorrell is said to be interested in Dunnhumby as [...]
Mortgage loan slowdown may be at an end as house prices predicted to rise March 17, 2015 Mortgage lending dropped again in January, industry data showed yesterday, as the market continued to plateau. But economists think this weak spell could be at an end, with lending set to pick up across the rest of 2015. The month saw 22,400 home movers take out mortgages, according to the Council of Mortgage Lenders (CML), down [...]
Facebook clicks like on its new friend in TV advertising – Brand Index March 17, 2015 With 1.3bn users worldwide, you could be forgiven for thinking that Facebook was not in urgent need of an advertising campaign. However, for the first time in the UK, that is exactly what it has launched. In mid-February, the social media titan rolled out TV adverts as part of a wider campaign, highlighting the nature [...]
UK rents rise in February but fewer tenants fall behind on payments March 17, 2015 The number of rents in arrears decreased in February despite a hike in rents, according to new figures out yesterday, in a sign that households are slightly better off. The monthly lettings index by estate agents Countrywide showed that average rent in the UK for newly let properties rose by 1.7 per cent to £876pcm [...]
Swiss Kuoni Group goes back to basics after 2014 results setback March 17, 2015 SWISS travel group Kuoni saw profits plunge during 2014 as the company blamed “the challenging market environment” for the decline. The company has been through significant restructuring in the past year, making a shock announcement in January that it would be selling off its tour operating and UK businesses. At the time, the firm said [...]
