HSBC share price down sinks despite smashes expectations and shrugging off China slowdown – but no news on headquarters move November 2, 2015 HSBC has beaten expectations for profits in the third quarter, shrugging off the slowdown in China. The figures The UK’s biggest bank reported a jump in pre-tax profit to $6.1bn (£3.95bn) for the third quarter, from $4.6bn during the same period last year. This outstripped most analysts’ expectations, which hovered around $5.2bn. Revenues, however, fell four per cent year-on-year, [...]
The right trousers: Tom Cridland on Leonardo DiCaprio, swine flu and the importance of startup loans in the developing world November 2, 2015 Working alone isn’t an issue for Tom Cridland, founder of the eponymous fashion label. “It doesn’t bother me at all. Some people love the office vibe, but I’d just get distracted. Just me and my laptop is fine.” The 25 year-old opened Tom Cridland in January 2014. Starting with just a £6,000 government startup loan [...]
City Moves for 02 November 2015 | Who’s switching jobs November 2, 2015 LINKEDIN John Herlihy has been appointed vice president and managing director for Europe, the Middle East and Africa at the professional network. He joins from Google, where he was vice president of SMB sales and head of Google Ireland. Prior to that, Herlihy held leadership positions at tech companies in Europe and the United States. [...]
Italy’s Franklin & Marshall to launch its second London store November 2, 2015 Vintage Italian sports retailer Franklin & Marshall is to open its second UK store in Wembley Park’s London Designer Outlet (LDO) next month after launching its debut store in Covent Garden last year. The company, known for its varsity jackets and vintage polo shirts, announced today that it will open a 1,301 square feet outlet [...]
Pinpointing the potential of geolocation strategies November 1, 2015 Location-based targeting has become a real asset for mobile marketers. Unlike on desktop, cookies have never been a reliable way of tracking and optimising mobile campaigns. Dependent on the device itself, the environment and how the user splits their usage between the mobile web and apps, marketers have relied on log-ins, app software development kits [...]
Harrods cuts dividend by over 30 per cent despite rise in profits October 30, 2015 Harrods, the landmark London department store, cut its dividend payment by more than 30 per cent this year after a fall in turnover caused by 'tough trading conditions'. The retailer's financial accounts reveal although profits edged up 4.2 per cent, investors will receive a reduced dividend payment of £103m, a 31.3 per cent drop from last year's £150m record payout. Read [...]
Pets at Home share price falls despite rising sales October 30, 2015 Shares in Pets at Home slumped seven per cent to 290.4p in lunchtime trading, even though it posted a six per cent rise in revenue to £404.5m in the first half of 2015. In the six months to 8 October, total revenues for the pet retailer rose six per cent to £404.5m. The company posted like-for-like sales growth of 1.8 per [...]
UK house prices: Combined wealth of UK property investors rises 40 per cent in a year, hitting a record £306bn October 30, 2015 The UK's real estate investors are richer than ever before, with £306bn of wealth – a new record. That's according to the Estates Gazette Rich List, which said this was the first year the figure had risen above £300bn. It's a 40 per cent jump since 2014, when the total figure was £218.3bn. What's surprising is [...]
Why pumpkins are not just for carving this Halloween – and how you can turn yours into great recipes by celebrity chefs Hugh Fearnley-Whittingstall, Ainsley Harriott and Mark Hix October 28, 2015 This week the chef Hugh Fearnley-Whittingstall described the UK as the food waste capital of Europe. The facts make it hard to disagree. Every day 24 million slices of bread are thrown out by UK households. More than one in five households admit to binning an entire loaf of bread before even opening or slicing [...]
Out of town shopping centres jump in value on the back of growing popularity October 27, 2015 Britain's out-of-town shopping centres have jumped in value over the last three months thanks growing appetite from investors and retailers opening new shops. Research from estate agency CBRE shows that capital values increased by six per cent in the third quarter, marking the second steepest rise since 2000. That contrasted with a 3.8 per cent [...]