Britons splash out on holidays in February after confidence boost March 9, 2015 Consumer spending power hit a seven-month high in February as higher wage growth, falling inflation and lower petrol costs helped boost confidence. Britons spent 4.1 per cent more last month than at the same time a year earlier thanks to people spending more on travel and leisure activities around the February half-term, according to figures [...]
Morrisons to cut dividend and post lowest profit in eight years March 9, 2015 Morrisons is expected to signal lower dividend payouts on Thursday this week when the troubled supermarket chain is to report its lowest annual profit in eight years. The Bradford-based retailer has been hit hard by the fierce industry price war as all big four supermarkets battle it out to retain customers’ loyalty and fend off [...]
Retailers told to shape up March 9, 2015 THE RETAIL industry is not doing enough to “clean up its act” with suppliers, the UK’s supply chain body has warned alongside a new survey highlighting the damage that bullying tactics are having on the sector’s reputation. Figures from the Chartered Institute of Procurement & Supply (CIPS) out today revealed that 88 per cent of [...]
Whitewood Reff IPO: Benelux focused property firm to float in London March 9, 2015 A property arm of Whitewood Group has unveiled plans to float in London to raise cash for a push into Holland and Belgium’s commercial property sector. Whitewood Reff will raise up to £125m from listing and aims to start trading on the main market of the London stock exchange next week. The vehicle, led [...]
Garden Cities plan plants seed for housing shortfall, say critics March 9, 2015 Plans to build 250,000 homes in Garden Cities would deliver just a third of unmet demand for housing over the next five years, leaving a shortfall of around 500,000 homes between now and 2020, according to a new report from the Future Spaces Foundation (FSF). The report says the government’s policy of building Garden Cities [...]
Behind the deal March 9, 2015 STUART ANDREWS | FINNCAP 1 Andrews, who qualified as an accountant at Price Waterhouse, is head of corporate finance at FinnCap, which he joined in early 2012. 2 He previously worked at Beeson Gregory and Evolution Securities and has worked on about 20 IPOs and over 100 market public market transactions in his career. 3 [...]
Front page forex firm CWM FX pulls out of our Long Lunch March 9, 2015 While the most diligent City workers may be found buckling down late into Friday evenings, the final day of the working week often sees the rest of us head off early for a few drinks and a chat about the weekend’s sporting fixtures. It was in this spirit that an array of City folk gathered [...]
The Mencap Step Up Challenge: Charity runners conquer 1,672 steps to top of the Walkie Talkie March 9, 2015 Sundays are normally reserved for lazing around the house, doing chores or spending the afternoon in the pub. But not for the energetic fundraisers who ploughed through a charity fun run in the City yesterday. The Mencap Step Up Challenge saw participants run up three of the capital’s tallest buildings – ending with a dash [...]
Shoppers prefer firms that train up their staff March 9, 2015 CONSUMERS are willing to pay more for goods and services from business that employ apprentices, new research shows today. The research from the Centre for Economics and Business Research (CEBR) reveals 25 per cent of consumers would be more likely to pay more for goods and services offered by businesses employing apprentices. The most popular [...]
Boris Johnson’s apprenticeship plan will not meet target, says Labour March 9, 2015 Figures released by Labour at the start of National Apprenticeship Week claim that Boris Johnson is unlikely to meet his target of creating 250,000 apprenticeships by the time he leaves City Hall in 2016. Labour London Assembly Members say government figures show only 96,500 apprenticeships were created from 2012 until 2014. They also criticise the [...]
