Large numbers of Britain’s care homes expect to go bust in the next three years November 14, 2016 Banks who have lent to care homes could fail to recoup their debts as large numbers are expected to go bust over the next three years. The double-whammy of local government budget cuts and the introduction of the national living wage has put the care home sector under significant pressure in recent years. Read more: Number of [...]
Britain’s companies need to find new ways to incentivise staff so bottom lines are not impacted November 14, 2016 Britain's companies will need to find more creative ways of incentivising staff to mitigate pressure on bottom lines as they start to feel the pinch of increasing inflation over the coming months. FTSE 350 companies have already pencilled in two per cent wage increases for 2016 according to a survey by PwC. Read more: Openness [...]
Aberdeen wants companies to be forced to consult with shareholders over exec pay November 13, 2016 One of Britain's leading fund managers has said that executive pay rules should force boards to consult more closely with shareholders. A wave of shareholder revolts against executive pay rocked the AGM season earlier this year, while Prime Minister Theresa May weighed into the debate as she prepared to replace David Cameron in Downing Street this [...]
Cuadrilla boss says the firm will look to raise fresh capital to support growth when the time is right November 13, 2016 Britain's leading shale gas firm has confirmed plans to raise money from either the equity or debt markets "in due course". Speaking to the House of Lords economic affairs committee, the chief executive of Cuadrilla, Francis Egan, gave an insight into the company's plans. He explained that because the company – which is backed by a combination [...]
Blackstone-backed retailer faces testing negotiations with lenders after annual earnings are slashed November 13, 2016 Outdoor clothing retailer Jack Wolfskin has gone cap in hand to its lenders after revealing annual earnings have halved and forecast earnings will be less than previously expected. The German-based company was saddled with €485m (£418m) of debt facilities, when current owners Blackstone, a private equity firm, bought it in 2011. The debt in the business now totals €365m. [...]
Boris Johnson says Trump’s victory represents a “great opportunity” for the UK to build a relationship with the US November 10, 2016 Foreign secretary Boris Johnson said that the public needs to snap out of any downbeat feelings towards Donald Trump's US presidential election victory. Speaking to reporters after meeting Serbian Prime Minister Aleksandar Vucic, Johnson said that "it's time we snapped out of general doom and gloom about this election", according to reports by Reuters. Johnson went on [...]
Trumped up: US stockmarkets are boosted by the prospect of a Trump administration November 10, 2016 US stock markets today hit an all-time high on the hope that Trumponomics will give businesses a much-needed boost. The Dow Jones hit 18,873.66 during trading, the highest level ever recorded. In particular, banks and healthcare stocks were buoyed on expectations that President-elect Donald Trump will remove much of the red tape that shackles their profitability. [...]
Ex-Cameron adviser Dan Korski is on the look-out for people to back an innovative new fund November 10, 2016 One of David Cameron’s fellow Brexit vote victims is on the hunt for backers for a fund that will invest in public sector technology projects. Dan Korski, who quit his role as special adviser to David Cameron following Britain's decision to leave the EU, is planning to launch a new "govtech" fund. And, according to reports [...]
Barack Obama and Donald Trump put aside differences to ensure smooth transition November 10, 2016 Barack Obama and Donald Trump got the presidential transition ball rolling this afternoon by holding an "excellent" meeting. Chewing the fat in the Oval Office, both men put past differences to one side and afterwards smiled for the cameras in what appeared to be a very cordial event. The get-together is likely to be the first of many [...]
Yet another super-duper six months for SuperGroup November 10, 2016 SuperGroup shares donned a red cape and flew high today after the retailer said its results had been supersized by the weakened pound. Half-year revenues at the owner of the Superdry clothing brand grew by 31 per cent to £334m, raising the FTSE 250 company's share price by nine per cent. [stockChart code="SGP" date="2016-11-10 16:33"] Because of its considerable [...]
