Flour-miller Carr’s sees raised profits despite sliding revenue April 13, 2015 RISING sales and food production pushed profits for Carr’s Group upwards, despite a decline in revenue, the company reported yesterday. The agriculture, food and engineering firm posted a modest profit before tax of £10.6m for the six months ending 28 February, up by more than 5.4 per cent on the same period last year. Revenue, [...]
General Election 2015: This one chart shows how you should vote based on your investments April 13, 2015 This might be one of the most nail-biting elections in living memory, but that makes things even more difficult for undecided voters. Now the nice people at Investec have made it easier, with a chart showing exactly how you should vote, depending on which sector you invest in. The research shows that while banks, utilities [...]
Investec Comment: How cheap oil is boosting small businesses April 12, 2015 THE extraordinary decline in the price of oil has been one of the most important economic stories of the past year. Brent Crude fell from over $110 per barrel in June 2014 to below $50 in January 2015, slumping to multi-year lows. Prices have increased marginally since then, but with factors like the interim deal [...]
City Moves for 10 April 2015 | Who’s switching jobs April 9, 2015 Payne Hicks Beach Kathryn Bradbury has been appointed partner in the law firm’s private client department. She specialises in immigration, and joins from Gherson. Bradbury has particular expertise in EU free movement cases, and has also worked at the Legal Aid Agency. Peel Hunt The corporate broking, advisory and trading house has announced two senior [...]
Cricket Comment: Pack leader Jimmy can rack up 500 wickets April 8, 2015 ENGLAND seamer Jimmy Anderson is a class act. He got a bit of stick over the winter in the one-day format but he is one of the best bowlers this country has ever produced, if not the best. He has taken 380 Test wickets and only needs another three to equal Sir Ian Botham’s all-time [...]
What pension reform means for small firms April 6, 2015 Yesterday, the most important reforms to UK savings policy in a generation came into force. Anyone aged 55 or over is now free to use their pension pot as they wish. They no longer have to buy an annuity, and can even take out some or all of it in cash. Whereas previously only those [...]
Sanne share price rises 10 per cent on its first day of trading after IPO April 1, 2015 Shares in corporate administration provider Sanne Group surged on their debut yesterday, opening at 221p per share, a 10 per cent premium on its listing price. The company raised £142m when it floated last Friday in a move which valued the company at £232m. Previous majority holder Inflexion Private Equity said the initial public offer [...]
Cricket Comment: Colin Graves’ concerns – why four-day Tests are not best way forward April 1, 2015 From what I have seen, incoming England and Wales Cricket Board chairman Colin Graves has the appetite to implement change that will improve the structure of cricket in this country. He is due to start work next month and will arrive with a fresh mind and, hopefully, will be armed with certain long-term ideas that [...]
Sutherland snaps up SuperGroup shares March 31, 2015 FORMER Co-operative Group chief executive – and current SuperGroup boss – Euan Sutherland (insert) yesterday announced he was buying just over £99,000 worth of shares in the Superdry owner at 980.50p a share. He now holds 11,613 shares. Analysts have enthused about the clothes retailer. Analysts at RBC Capital upgraded shares of SuperGroup to a [...]
City Moves for 01 April 2015 | Who’s switching jobs March 31, 2015 Investec Jane Warren has been appointed head of digital in the UK in Investec’s wealth management and investment services business. She started her career in financial services in 1987, and joined the Investec Group (then Carr Sheppards Crosthwaite) in 1994. Warren has subsequently served as head of CSC’s third party administration business, and head of [...]