Hastings Group Holdings share price finishes up after the insurance company announces first dividend since float and a profit before tax in results for year ended December 2015 March 15, 2016 Share price in Hastings Group Holdings finished up today after the insurance company announced its first dividend since it floated on the London Stock Exchange last year. In its results for the year ended December 2015, the insurer proposed a dividend of 2.2 pence per share, as well as revealing a profit before tax of [...]
Robot worker specialist Blue Prism announces IPO after raising £21.1m and is now due start trading on Aim on Friday morning March 15, 2016 The robots are coming to the London Stock Exchange, after virtual workforce specialist Blue Prism today revealed it had raised £21.1m ahead of its initial public offering. Shares in the company, which is due to be listed on Aim on Friday under the ticker PRSM, have been given a placing price of 78p. Market capitalisation when the company [...]
Increasing red tape helps to boost salaries at senior and middle management levels but will the robots shake up the job market for those at a more junior level? March 15, 2016 Increasingly complicated regulation is bulking out the pay packets of those who keep companies on the straight and narrow, according to research shown exclusively to City A.M., but advances in technology could force a shakeup in what the typical role looks like. The study by recruiter Hays Financial Markets discovered that top candidates with risk [...]
HR lady calling: Cosmetics company Avon reduces headcount by around 2,500 worldwide as struggling firm sets out new transformation plan, including moving headquarters to UK March 14, 2016 Avon today revealed that it would be cutting its headcount by around 2,500 positions in a bid to transform the struggling cosmetics company. The headcount reduction includes both filled and open positions worldwide. The company revealed that the decision had come as a result of management rethinking the commercial business of the cosmetics giant and [...]
Rosetta Stone names new chief executive as language learning software provider reveals narrowing losses for full year ended December 2015 March 14, 2016 Language software company Rosetta Stone today revealed its new chief executive alongside narrowing losses in its results for its year ended December 2015. Revenue for the company's full year dropped to $217.7m (£152.2m), down 17 per cent from $261.9m in 2014, although it narrowed its losses to $46.8m, an improvement of 37 per cent compared with $73.7m the year before. [...]
Budget 2016 pensions special: X ways your pension could change after tomorrow’s Budget March 14, 2016 NULL
Criminal investigation launched after man caught on video urinating on Kellogg’s factory assembly line March 14, 2016 A criminal investigation has been launched in the US after a video was posted online showing a man urinating on a Kellogg's factory assembly line. The company, which owns a number of well-known breakfast cereal brands, learned of the video on Friday and its own investigation revealed that it was filmed in its Memphis, Tennessee, factory in [...]
3D Systems share price up as 3D printer company announces that revenues have increased in its results for full year ended December 2015 March 14, 2016 Share price in 3D Systems rose today after the company revealed its revenues inched up for its full year ended December 2015. The 3D printing company revealed that revenue had grown during 2015 by two per cent to $666.2m (£465.3m). "We believe that by leveraging our domain expertise, partner and customer relationships and advanced technology we are well positioned [...]
LV announces bumper profits for year ended December 2015, with strong growth in life and pensions division but a small dip in general insurance performance thanks to the December storms March 14, 2016 Insurance, pensions and investment company LV has today revealed that its profits have more than trebled for the year ended December 2015. The company announced profits before tax of £124m for 2015, up 235 per cent from £37m in 2014. "The challenging market conditions experienced in 2014 with depressed investment returns and pressure on home insurance rates, [...]
Leslie Thomas QC: Why the barrister who represented the family of Christi and Bobby Shepherd, who died while on a Thomas Cook holiday, thinks companies should stop relying on lawyers March 14, 2016 The legal profession may have gained an unfortunate reputation for bleeding clients dry in the name of billable hours, but Queen’s Counsel Leslie Thomas would much rather companies didn’t pour every penny into their legal representation when faced with a crisis. “It’s really important to see the whole picture and not just to focus on [...]
