Housing tops election wish list for tenants January 29, 2015 HOUSING is as much as an election concern as the NHS for tenants, new survey data shows. Housing was placed at the top of the agenda by 16 per cent of tenants. This is equivalent to the 16 per cent who cited healthcare, according to figures released today by property services firm LSL. However, healthcare was [...]
Guardian Media Group’s chief executive Andrew Miller to step down in June January 29, 2015 Guardian Media Group chief executive Andrew Miller will step down in June after five years in the role, the publisher of The Guardian and The Observer newspapers announced yesterday. Miller oversaw the Guardian’s heavy investments in digital which have made it one of the world’s most read online newspapers. He also raised £600m for the [...]
Recession took more pay from high earners January 29, 2015 THE LOW-PAID have seen smaller wage falls than those on higher pay since 2008, a think tank has said. The bottom 10 per cent of earners saw real hourly pay – which is pay accounting for inflation – drop 3.3 per cent between 2008 and 2014, the Institute for Fiscal Studies said today. The top 10 [...]
McDonald’s Big Cheese: UK makeover chief Steve Easterbrook now has the whole world on his plate January 29, 2015 Steve Easterbrook, who used to play cricket at Durham University alongside ex-England captain Nasser Hussain, has long been viewed as one of McDonald’s star players – obtaining a captaincy of his own yesterday at the world’s biggest fast food chain. McDonald’s new Watford-born chief executive will take on the challenging task of reviving the group’s [...]
Alibaba’s growth misses target making Yahoo investors groan January 29, 2015 ONLINE media group Yahoo, one of Alibaba’s largest shareholders, saw its shares tumble 5.8 per cent yesterday after the Chinese e-commerce giant reported slower than expected growth. Alibaba’s revenue rose 40 per cent to $4.22bn (£2.8bn) in the quarter to the end of December, but missed analyst’s expectations of $4.45bn, sending its shares down 8.8 [...]
Shell’s earnings almost double but shares slide January 29, 2015 SHELL’S shares closed down 4.34 per cent yesterday, despite the oil giant announcing fourth-quarter earnings that soared to $4.2bn (£2.8bn), 93 per cent up from $2.2bn for the same quarter a year ago. Full-year earnings also recorded a healthy 14 per cent jump to $19.04bn, up from $16bn a year earlier. The energy giant has [...]
US corporate results round up January 29, 2015 Blackstone Group ASSET manager Blackstone Group reported a six per cent decline in profit in the fourth quarter of 2014. Meanwhile distributable earnings, which show actual cash available to pay dividends, rose by 38 per cent to $1.13bn (£750m), as Blackstone continued to bring in cash by selling assets. The company’s president Tony James revealed [...]
Trio of banks forced to shelve deal work on Spanish flotation January 29, 2015 CITIGROUP, Morgan Stanley and Santander were yesterday forced to scrap a deal to list Spanish firm Isolux Corsan after the company decided to put the flotation on ice. The banks were joint global co-ordinators on the proposal, which would have raised €600m (£451m) to pay down Isolux’s debt pile. CaixaBank, Natixis and Societe Generale were [...]
UK school league tables: City-backed Hackney Academy goes to top of the class as Eton, Harrow, Winchester and St Paul’s fall January 29, 2015 Some of the top names in UK education have seen their positions in league tables plummet, after a change in how they are calculated. Eton, Harrow, Winchester and St Paul’s all received zero per cent against the government’s new benchmark of five good GCSEs including English and maths – because pupils at those coveted schools [...]
Bank of England group of grandees to seek new face for £20 note January 29, 2015 Who knew it would be so difficult to choose the next face to adorne the £20 note? From hereon, Bank of England deputy governor Ben Broadbent will head a group of grandees, with outgoing National Portrait Gallery boss Sandy Nairne and author Baroness Lola Young. They will pick a topic to focus on and choose [...]
