‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Michael Page International share price closes up despite UK recruitment falling flat and Easter falling early April 12, 2016 Michael Page International today reported that overall profits had grown in its first quarter results, despite some of its key markets failing to deliver and its potential being knocked by an earlier-than-usual Easter. The recruiter revealed overall profits for the period had risen to £142.4m, up 4.9 per cent from £135.7m the year before. However, [...]
EMBARGOED Greater London, the East Midlands and Scotland show fastest rent rises over three months to March; North West is the only area to decline April 12, 2016 NULL
Swing and a miss for Perry Ellis International, as fashion design house reports a loss for year ended January 2016 April 12, 2016 Perry Ellis International's full year results missed the mark for shareholders today, as shares traded flat in pre-market trading after the company reported a loss in its full year results. The fashion designer, which is well-known for sportswear, reported a net loss of $7.3m (£5.1m) for its full year ended January 2016, narrowing the gap compared [...]
Available jobs in London fell in March as businesses’ Brexit fears bite, but jobhunters are still looking April 12, 2016 Those who are currently in the process of touting their CV around the City might want to invest in a good pair of walking shoes. The number of available jobs in London fell in March compared to a year ago although the number of jobseekers is up, according to figures released today. The research by professional services recruiter Morgan [...]
Financial services company LV urges government to scrap stamp duty for pensioners looking to downsize April 12, 2016 A well-known financial services company is today urging government to scrap stamp duty for pensioners who are looking to downsize to help further fund their retirement. Research by LV has discovered that retirees are increasingly looking towards bricks and mortar as a way to finance their golden years, but many are unable to unlock the [...]
LVMH revenue inches up for first quarter of 2016, with perfume and cosmetics in hot demand but fashion falling flat April 11, 2016 Luxury goods company LVMH reported that revenues had edged up in its first quarter of 2016, although sales of its fashion and leather goods had failed to budge. The company reported total revenues of €8.6bn (£6.9bn) for its first quarter of 2016, up just four per cent compared with €8.3bn the year before. Sales across all categories grew [...]
Metal manufacturer Alcoa’s revenue gets bent out of shape by low aluminium prices and unfavourable currency changes in first quarter of 2016 April 11, 2016 US earnings season got off to a bumpy start, after Alcoa revealed a dip in revenues for its first quarter of 2016 today. The metal manufacturer announced that revenue had dropped to $4.9bn (£3.4bn) for the three months ended March 2016, down 15 per cent from $5.8bn the year before. The company also reported income for [...]
Standard Chartered is selling off $4.4bn worth of Asian assets, after announcing a $1.5bn loss in February April 11, 2016 Standard Chartered is mulling over the sale of at least $4.4bn (£3.1bn) of assets in Asia, it was revealed earlier today. The bulk of the assets potentially being sold are understood to relate to $1.4bn in stressed loans made to Indian firms, but the bank is also believed to be looking to offload some other [...]
Lawyers and accountants are increasingly looking to property, not pensions, to fund their retirement April 11, 2016 What do the legal eagles and the bean counters have in common? Both lawyers and accountants are increasingly turning to property as a means of funding their golden years, research released today has discovered. The study by Bower Private Clients found that 29 per cent of lawyers and 34 per cent of accountants are planning to [...]
Rothesay Life buys up a large chunk of Aegon’s UK annuity portfolio, as it announces a boost to its profits for 2015 April 11, 2016 When chancellor George Osborne first revealed the pension freedom rules, some feared it would be the death knell for annuities (although recent figures suggest it has been anything but). However, Rothesay Life was clearly not among the naysayers. The life insurer announced today that it had bought up £6bn worth of annuity portfolio from Aegon's UK subsidiary, Scottish Equitable, under [...]
