Mansion House Speeches 2015: What do the analysts think? June 10, 2015 Chancellor George Osborne and Bank of England Governor Mark Carney have both said their parts at the annual Mansion House speeches, but what do the analysts think? New Budget surplus rule John Cridland, director-general at CBI, says the budget plan will be good for businesses: Business wants the Government to aim for an absolute [...]
Box share price soars on strong revenue and user growth June 10, 2015 Box's revenue increased substantially in the first quarter and investors are very happy The figures The online storage company's revenue was $65.6m (£42.24m) the first quarter – a 45 per cent increase on the equivalent period last year. Net loss per share was also better at $0.28 on 119.4 million shares outstanding – a [...]
Mansion House Speech 2015: Chancellor George Osborne will start government RBS sell off as soon as possible June 10, 2015 In his annual Mansion House Speech this evening, chancellor George Osborne announced that the government will begin to sell off its stake in the Royal Bank of Scotland (RBS), even is it is at a loss. He said a “decision point” had been reached, and that it was in the interest of taxpayers to [...]
Netflix share price rockets on share split plan June 10, 2015 Shares in Netflix have reached a record high after the company revealed its share split plan at yesterday's annual shareholder meeting. Voters approved a plan that allows the internet streaming service to split its shares, paving the way for a 30-fold increase in outstanding shares to 5bn – a big rise from the current 170m. [...]
Krispy Kreme June 10, 2015 The findings Why it's interesting What Krispy Klreme said In short In September last year – DOUGHNUT retailer Krispy Kreme yesterday reported that its quarterly earnings rose 22 per cent as it posted stronger revenue, driven by sales at locations open more than 18 months. [...]
How to be successful in business: Richard Branson offers two big tips June 10, 2015 Entrepreneur Richard Branson has shared two of his biggest tips for business success. In an interview with the leaders of the Renaissance Foundation, which aims to help young people reach their full potential, he said what he believes to be the most important qualities. Here's his view on what it takes to make [...]
UK trader arrested in Hong Kong for running over security guard in his Ferrari 458 Spider supercar June 10, 2015 A British trader working for Deutsche Bank in Hong Kong has been arrested over the death of a security guard. Rob Ebert, who became head of Asian equities trading for Deutsche Bank in Hong Kong two months ago, reportedly hit the 53-year-old while driving his £380,000 Ferrari 458 Spider in the Yau Ma Tei [...]
Most women in finance don’t think they’ll ever get the top jobs, report shows June 9, 2015 Most women working in finance believe they won't make it to a senior position, according to a report by PwC. It claims there is a “perceived lack of career progression” among women, and this is preventing them from trying to rise the ranks. Read more: The world needs more women with top jobs in finance [...]
The UK is building a new Royal Navy ship to defend against “Russian aggression”, says defence secretary Michael Fallon June 8, 2015 The UK is getting a new Royal Navy ship to guard against “Russian aggression”, defence secretary Michael Fallon has confirmed. Speaking at BAE's Govan shipyard in Glasgow, he said the HMS Medway would build on Britain's commitment to global security amid a rise in threats from Russia and elsewhere. "In recent months you have [...]
Labour leader hopefuls Liz Kendall and Andy Burnham clash on how to fight to stay in EU June 8, 2015 Differences are arising within the Labour party on how to fight for the UK to remain in the EU. Liz Kendall and Andy Burnham, two of the frontrunners in the Labour leadership contest, disagreed on how best to tackle the issue in their first hustings. Kendall, who is considered the most Blairite of [...]
