UK house sales at their highest since 2007, but seasonally adjusted figures show drop July 22, 2014 There was another sign that the UK property market may be cooling, after the HMRC released figures showing that the number of properties sold in the month of June had dropped – when the numbers are adjusted by season. Although the raw number of sales for June, 109,580, is the highest since November 2007 (and [...]
Royal Mail share price falls on parcel revenue warning July 22, 2014 Freshly privatised Royal Mail has been suffering from more parcel delivery induced headaches, today warning that parcel revenues are likely to be below expectations. Chief executive Moya Greene says that the company has seen a "weaker than expected performance in UK parcels" in the first three months of the delivery firm's financial year. Parcels revenue [...]
Save money on your overseas transfers and payments July 21, 2014 More people are finding it necessary to send money overseas, whether they are buying a property abroad, paying a mortgage or service fees on a property they already own, or work internationally and need to move money cost-effectively around the world. Even if you simply buy goods from overseas, or want to send money to [...]
Royalty comes to the City but did the Duke sit on the non-Royal privy? July 16, 2014 We had a royal visitor in the City yesterday as the Duke of Edinburgh headed to Fishmongers’ Hall to congratulate the winner of the annual Race for Doggett’s Coat and Badge. The race is thought to be the world’s longest running annual sporting event (next year it’ll celebrate 300 years) and sees six [...]
Treasury Tinder: New networking tool for civil servants likened to dating app July 14, 2014 There’s no need to get drunk at the office Christmas party to meet the guy or gal of your dreams these days – well, not if you work at Her Majesty’s Treasury, that is. The government’s new dating system, sorry, networking tool, has been eagerly welcomed by No. 11 wags. They’ve already nicknamed it Treasury [...]
Mothercare’s American bidder Destination Maternity rattled by profit warning July 10, 2014 Destination Maternity saw its share price tumble more than eight per cent yesterday, weakening its proposal to take over Mothercare, after it issued a profit warning following weak third quarter sales. The US-based baby retailer, which made two attempts to take over British business Mothercare last week, warned that quarterly takings were “considerably weaker than [...]
Marks & Spencer asks for more time as new website hits sales July 8, 2014 Marks and Spencer boss Marc Bolland yesterday called for more time for the effects of the retailer’s website overhaul to take effect after the high street stalwart posted its 12th consecutive quarter of falling non-food sales. The 130-year-old retailer broke away from its technology supplier Amazon and launched its own custom-built £150m website in February, [...]
The Marks & Spencer AGM: Shareholders vent frustration as promises fail to deliver July 8, 2014 “We'll be home by Christmas!” That tragically optimistic prediction made by soldiers marching off to war in 1914 jumped to mind yesterday when Marks & Spencer boss Marc Bolland stood up in front of shareholders at a hall within Wembley Stadium and pledged to have the website returning to growth in time to enjoy [...]
Arsenal on brink of sealing £30m Sanchez signing July 8, 2014 ARSENAL were last night edging closer to completing the signing of versatile Chile forward Alexis Sanchez from Barcelona for a fee believed to be around £30m. Sanchez, who starred for his country at the current World Cup, has been trailed by the Gunners, Liverpool and Juventus since Barca made it clear he was surplus to [...]
Justin King has his final party at Sainsbury’s July 3, 2014 Some might think it’s odd to listen to “White Christmas” and eat Brussels sprouts on the hottest day of the year, but certainly not Sainsbury’s staff. “It’s the third time we’ve had our Christmas review on the hottest day of the year – it’s something of a hat-trick,” chief Justin King told The Capitalist at [...]