Countryside shrugs off Brexit concerns with soaring revenue and profits November 29, 2016 Housebuilder Countryside has laid solid foundations for 2017 after making a return to the London Stock Exchange earlier this year. The figures Adjusted revenue was up 26 per cent from £615.8m in 2015 to £777m, while adjusted operating profit rose 34 per cent to £122.5m from £91.2m. Basic earnings per share were up 209 per cent from [...]
Samsung’s thinking of splitting in two and pledges to boost 2016 dividend to reassure investors November 29, 2016 Samsung Electronics has confirmed it's weighing up dividing the firm into two separate companies. It has been under pressure from some investors to break itself into a holding unit and an operating company to bolster shareholder value and said it will be outlining plans to investors in Seoul today to boost just that. Samsung said it [...]
Looking for deals on flights? Here are some of the best deals for Black Friday from British Airways and Ryanair November 25, 2016 Forget snapping up a heavily discounted perfume you've never actually tried. It's not just the big retailers getting involved in Black Friday with deals. And some of the biggest airlines have a range of offers lined up for Black Friday, so if you're feeling fed up of the wind and the cold and are looking to [...]
FCA head of strategy and competition warns of asset management “market failure” November 24, 2016 The financial watchdog’s director of strategy has branded competition within the asset management industry “a market failure”, after carrying out an interim report into its workings. Speaking at the Tax Incentivised Savings Association’s (TISA) annual conference, Chris Woolard of the Financial Conduct Authority (FCA), said: “We are for the first time proposing to use our powers [...]
UK rail reliability figures driven off track by Southern rail chaos November 24, 2016 A new report from the Office of Rail and Road looking into the punctuality of UK rail service has found performance was “generally poor”, marred by ongoing troubles with Southern rail. Southern owner Govia Thameslink Railway (GTR) proved the biggest trouble to performance ratings – it carries a fifth of passengers across England and Wales and [...]
El Salvador shaken by magnitude 7.0 offshore quake prompting tsunami warning November 24, 2016 A 7.0 magnitude earthquake off El Salvador's Pacific Coast has prompted warnings of tsunami waves from US monitoring agencies. The country's civil defence agency said there were no immediate reports of damages or injuries, but the country's environment minister said there was a tsunami alert. Waves reaching three metres high might hit the coastal areas within 300km [...]
Lufthansa pilots extend strike into a fourth day as thousands of flights are cancelled November 24, 2016 Pilots are set to cause Lufthansa and travellers more headaches into the weekend, after saying they intended to extend strike action until Saturday. It started on Wednesday, after last-ditch efforts by the airline to secure an injunction from a German court failed, with 900 flights cancelled then and a further 912 today. Now the pilots' [...]
Companies House puts plan to erase millions of public records on hold November 24, 2016 The government's company registration agency won't be wiping more than 2.5m records, after controversial plans provoked criticism when they were made public this summer. Proposals were being considered that would mean millions of public records – used to find white collar criminals and tackle money laundering – would be deleted. Companies House has a database on [...]
Flybe records spike in last-minute flights after Storm Angus travel chaos November 24, 2016 Storm Angus has caused havoc for the UK over the past few days, after the nation braced itself for 80mph winds and flooding. But Flybe's found a silver lining – well, for itself anyway. The Exeter-based airline reported a 77 per cent increase in last-minute sales this week for routes from Cardiff and Exeter to London City [...]
Ryanair ditches travel search engine Momondo after breach of contract November 24, 2016 Ryanair has revoked a licencing agreement with travel search engine Momondo following a breach of contract. The company "urged customers to book directly on the Ryanair.com website". It had previously granted a non-exclusive licence to Momondo to display Ryanair's fares for price comparison purposes, one of a number of travel websites including Hipmunk, Dohop and Skyscanner [...]
