Debenhams set for shareholder leadership coup September 28, 2015 Debenhams is facing further shareholder unrest, with several more of its biggest investors joining broker Cenkos in its attempts to unseat the retailer’s top bosses. Milestone Resources, Schroders and Old Mutual are said to have teamed up with Cenkos, which was last week revealed to be in talks with other shareholders about possibly replacing chairman [...]
FTSE ends lower as commodities plunge again – London Report September 25, 2015 BRITAIN’S blue-chip share index fell yesterday, with basic resources and energy companies coming under fresh selling pressure due to lingering concerns about demand for metals and a poor outlook for commodity prices. The FTSE 100 index ended 1.2 per cent lower at 5,962.26 points. The index has fallen more than eight per cent so far [...]
National Living Wage: Business groups raise red flag on future pay rises September 25, 2015 Leading business groups are cautioning against “artificially increasing pay” today, as the Low Pay Commission closes its public consultation on the minimum wage. The Low Pay Commission – an independent body set up to advise the government on the national minimum wage – opened the public consultation last month, as part of a larger [...]
Convenience stores scale back investment ahead of Chancellor George Osborne’s National Living Wage September 24, 2015 Convenience stores are scaling back on business investment as they brace for the impact of Chancellor George Osborne's National Living Wage.. How much convenience stores invested in improvements such as shelving, store signage and in-store lighting fell 34 per cent to £116m in the three months since the summer Budget, compared to the previous quarter. The Association of [...]
On the Beach gets its day in the sun with successful float onto stock exchange at 184p offer price September 24, 2015 ONLINE budget holiday firm On the Beach Group floated on the London Stock Exchange yesterday, at a price of 184p per share. The company’s shares closed at 205p. On the Beach boss Simon Cooper said yesterday: “The IPO of On the Beach marks an exciting milestone in the company’s development and will support us in [...]
The Beatles’ John Lennon’s school detention slip up for sale September 24, 2015 There’s a divide amongst the City’s better known CEOs. First there’s the Cambridge mafia; those with old school ties, spotless school records and fine art collections. Then, of course, there’s the boys-done-good, who left school at 16 and worked their way up from the bottom. While you’re more likely to find the City’s university alumni [...]
Night Tube series: Top six areas in London to buy a house along the Northern Line September 23, 2015 Stretching out from the very north of London to the very south, the Northern Line is one of the Tube's most comprehensive – and oldest – on the Underground. The track between Stockwell and Borough opened in 1890, making it the longest-surviving deep-level Tube line on the network. In addition to the Night Tube, it [...]
Why the future of fintech (and financial services) is collaborative September 22, 2015 The UK is fast becoming one of the world’s leading fintech centres. So it was fitting that, last week, investors, consultants, multinationals, startups and entrepreneurs gathered in London’s East End for FinTech Week 2015: an event where attendees could share ideas, network and, most importantly, do business together. The expo focused on how to [...]
George Osborne puts all economic bets on China and plans to bring the London and Shanghai Stock Exchanges closer together September 22, 2015 Chancellor George Osborne will today brush off concerns over volatility in Chinese markets and reveal new plans to connect British and Chinese stock exchanges. Unfazed by August’s market shocks, and the authoritarian response from Beijing, Osborne will say at the Shanghai Stock Exchange today: “Whatever the headlines, regardless of the challenges, we shouldn’t be [...]
AO World share price falls despite being on track for revenue jump September 21, 2015 Shares in AO World have fallen 3.9 per cent despite the online electricals giant saying it is on track to report a 20 to 21 per cent jump in second quarter sales. Speaking at a Capital Markets Day being held at its Bolton headquarters today, chief financial officer Mark Higgins said AO.com sales are expected [...]