Lazard revenues jump in 2014 as final quarter shows record gains February 5, 2015 Asset manager Lazard reported a record revenue of $2.3bn (£1.5bn) for 2014, up 15 per cent on 2013, while in the final quarter of the year, the company chalked up another record, with revenue hitting $646m. The financial advisory arm of the firm posted $1.2bn in revenue, up 23 per cent compared to 2013, and [...]
Cable leads Lib Dems towards higher taxes February 5, 2015 Vince Cable emerged victorious yesterday after the Lib Dems put greater emphasis on tax rises than they had previously, in their plan to reduce the UK’s annual deficit. The party announced that in 2015-16 and 2017-18 the proportion of cuts to tax rises will be split 60/40. This is what Cable has long called for, [...]
Good times for Gopro as profits leap February 5, 2015 CAMERA company GoPro has predicted a positive 2015 following a strong performance in 2014. Full year profit was $627m (£409m), up from $361m in 2013, while revenue also increased, from $986m to $1.4bn. Nicholas Woodman, GoPro chief executive, commented yesterday: “We’re feeling good.”
EU ramps up its own economic growth forecast February 5, 2015 EUROPEAN officials are optimistic about economic growth this year and the next, despite last year’s lacklustre performance and the potential for a new economic crisis in Greece. The 28 member European Union – which includes the UK – grew collectively by just 0.2 per cent year-on-year from July to September 2014. However, every single EU member [...]
Government selling down its green energy fund holding February 5, 2015 THE GOVERNMENT is planning to wind down its stake in the renewables infrastructure fund Greencoat UK Wind, taking home up to £42m in the process. The government invested in the launch of the company in 2013 as part of its drive to build a market for renewable energy assets. The company has floated on the London [...]
New car sales race ahead in January, fuelled by accelerating consumer and business confidence February 5, 2015 LAST month was the best January for car purchases in the UK since 2007, new data shows. New car registrations reached 164,856 units, according to figures released yesterday by the Society of Motor Manufacturers and Traders. It marks a 6.7 per cent lift on the number of new cars bought in January 2014. “This 35th [...]
Next shareholders to be treated to a £90m special dividend February 5, 2015 Britain’s second biggest retailer Next yesterday announced another special dividend of £90m in order to return surplus cash to shareholders it had originally planned to pay out via a share buyback. The clothing and homewares retailer, which has enjoyed years of stellar growth under chief executive Lord Wolfson’s watch – even overtaking Marks & Spencer [...]
House prices climb over winter February 5, 2015 THE HOUSING market boom that saw price growth peak at 10.2 per cent year-on-year in July may not be over, according to one of the UK’s biggest mortgage lenders. House prices jumped two per cent in January – the biggest monthly increase since 2009, figures released yesterday by Halifax show. The average house price in the [...]
Tesco probed over supplier mistreatment February 5, 2015 TESCO could be “named and shamed” if found guilty of breaching supplier rules, the grocery industry’s watchdog Christine Tacon said yesterday after launching her own investigation into Britain’s biggest supermarket chain. The retailer sent shockwaves through the industry in September when its new chief executive Dave Lewis revealed profits had been overstated by £263m following [...]
Premier League set for £4bn in TV auction bids and Sky and BT prepare for battle February 5, 2015 Today marks the closing of the deadline for bids in the multi-billion pound auction for the UK TV broadcast rights of the Premier League. The three seasons to 2019 of the most-watched football league in the world will certainly see BT and Sky battle it out for the coveted rights. But with the added possibility [...]
