Sainsbury’s share price drops despite beating expectations as supermarket offers more detail on possible Argos deal January 13, 2016 Sainsbury's share price dropped this morning, despite beating expectations for the crucial Christmas period – and lifting the lid on its reasons for making a bid for Argos parent Home Retail Group. The figures Total retail sales for the supermarket were up 0.8 per cent in the 15 weeks to 9 January. Including fuel, sales were down [...]
Staff pay gap: Beating the Fat Cat Tuesday blues is about making bonuses work for everyone January 12, 2016 This week has seen a repeat of the now familiar outcry over bosses’ bonuses. Top bosses had earned more by last Tuesday than the average worker will earn in a year, in a phenomenon being termed “Fat Cat Tuesday”. And unsurprisingly, the size of chief executives’ bonuses is demotivational for UK employees, as recent CIPD [...]
Why Fat Cat Tuesday is “pub economics” – and when will your pay overtake the average UK worker? January 5, 2016 Britain’s top bosses have already earned the equivalent of how much the average worker takes home in their entire yearly pay packet, according to new research. The chief executives of the FTSE 100 companies will have earned the average annual salary of £27,645 by the end of Tuesday, the second working day of 2016. However, [...]
At the close: FTSE 100 index closes up on Hikma Pharmaceuticals, Persimmon and Taylor Wimpey December 29, 2015 The FTSE 100 index edged higher in the first trading day since Christmas, led higher by Hikma Pharmaceuticals, Persimmon and Taylor Wimpey. The UK's top blue-chip index closed 0.96 per cent higher at 6,314 points, despite losses by miners, which had benefited from a dead cat bounce in the build-up to Christmas. Read more: Oil prices crawl back up [...]
At the close: FTSE 100 index makes strong gains on the back of commodities December 23, 2015 The FTSE 100 index closed sharply higher on Wednesday, with the bounce-back led by mining companies with oil companies not far behind. The UK's top blue-chip index closed 2.6 per cent up at 6,240 points, as the dead cat bounce in resources continued. "Stock markets have been encouraged by a stabilisation in commodity prices which has picked up [...]
FTSE 100 index opens higher as miners extend gains December 23, 2015 A dead cat bounce by miners yesterday has been extended, leading the FTSE to a strong opening on a shortened week of trading. The UK's blue-chip index opened 1.03 per cent higher at 6,145 points, led by Anglo American and Glencore. Anglo American opened 3.59 per cent higher at 307.83p per share, while Glencore rose 4.25 per [...]
FTSE boosted by big oil and miners – London Report December 23, 2015 THE FTSE 100 index maintained gains yesterday to close up after the price of oil rose and a dead cat bounce from miners. The UK’s top blue-chip index shut 0.8 per cent higher at 6,083 points, led higher by a number of mining and oil companies. Anglo American closed 5.7 per cent up, while Antofagasta [...]
Oldroyd in Islington review: the ultimate local restaurant December 22, 2015 344 Upper Street, N1, www.oldroydlondon.com FOOD ★★★★☆ | VALUE ★★★★★ | ATMOSPHERE ★★★★☆ Cost for two with booze: £85 Oldroyd may have been open a little while now, but what nicer way to end a nice year filled with nice meals than a trip to one of London’s very nicest restaurants. Not best, necessarily, but [...]
At the close: FTSE 100 index closes up as oil companies and miners make gains December 22, 2015 The FTSE 100 index maintained gains today to close up after the price of oil rose and a dead cat bounce from miners. The UK's top blue-chip index shut 0.8 per cent higher at 6,083 points, led higher by a number of mining and oil companies. Anglo American closed 5.7 per cent up at 296.5p per share, while [...]
Saudi Arabia is acting like a drunken gambler in its oil war December 21, 2015 An absolutely elemental maxim of how you can go wrong in political risk analysis revolves around what is called “The Drunken Gambler in Vegas Syndrome”. Every casino owner alive has made millions off the fallacy, just as a great number of foreign policy disasters have been forged because of it. Simply put, it lays out [...]