Focus On London Bridge: Why house prices are on the rise next to The Shard December 11, 2015 Children in nursery may sing about London Bridge falling down, but in property circles, it’s building up and the sky’s the limit. The area first became a part of London’s fabric due to its famously crumbly bridge, which was built by the Romans and was the first to cross the Thames. It was originally made [...]
FTSE 100 closes down as Sports Direct struggles – London Report December 11, 2015 Gains for Glencore couldn’t keep the FTSE 100 up last night as both Sports Direct and Old Mutual fell hard. The index closed 0.63 per cent down at 6,088. Sports Direct slumped after Mike Ashley’s retailer posted poor first-half results and the company was criticised for staff conditions. Group revenue ticking up 0.1 per cent [...]
John Lewis sales suffer post-Black Friday hangover but sales are still up year-on-year December 11, 2015 After reporting record-breaking numbers over Black Friday, John Lewis today said that it saw a double-digit drop in sales last week. Sales fell 11.8 per cent to £165.6m compared with the last week of November, although the number is still up 13.6 per cent on the same week last year. This is in stark contrast [...]
Sports Direct share price drops by 10 per cent as growth slows and questions mount over working conditions December 10, 2015 Discount sports retailer Sports Direct has had one of its worse days on record, with its share price closing down over 10 per cent last night, wiping hundreds of millions of its market capitalisation. The sell off was due to a double whammy of missing analyst expectations for growth and further questions over staff working [...]
Oil rout and strong dollar pare gains – New York Report December 10, 2015 A slump in oil prices and fears over a strong dollar pared back gains in New York yesterday – although the indices did halt a three-day slide. The Dow Jones industrial average rose 82.45 points, or 0.47 per cent, to 17,574.75, the S&P 500 gained 4.61 points, or 0.23 per cent, to 2,052.23 and the [...]
At the close: FTSE 100 index closes down on Sports Direct, Old Mutual December 10, 2015 The FTSE 100 index slid in Thursday's trading despite gains by Glencore as both Sports Direct and Old Mutual tumbled. The index closed 0.63 per cent down at 6,088 points. Sports Direct slumped after Mike Ashley's retailer posted underwhelming first half results and the company was criticised for staff working conditions. Group revenue ticking up 0.1 per cent to £1.43bn, [...]
As Tesco’s share price drops to an 18-year low, it’s clear the rollercoaster ride will continue for some time yet December 10, 2015 Tesco has turned back time this week, with its share price dropping to an 18-year low. The less said about what was going on in 1997 the better – instead, we turn our focus to the rollercoaster ride that is the UK's largest retailer. Dave Lewis has certainly ushered in some change, but given where Tesco's [...]
Sports Direct share price falls as Mike Ashley’s retailer posts underwhelming first half results December 10, 2015 Sports Direct's share price fell this morning after reporting underwhelming first half figures. The figures The Mike Ashley-owned retailer had a solid six months to 25 October, with group revenue ticking up 0.1 per cent to £1.43bn, while underlying pre-tax profit rose 3.6 per cent to £166.4m and EBITDA rose 7.6 per cent to £218.5m. [...]
What an MBA can offer marketers December 10, 2015 Business schools are adapting to the industry’s needs, but the course isn’t for everyone AN MBA can open doors in any profession. But the rise of mobile technology has transformed the marketing landscape in recent years, and the skills taught on MBA courses can put graduates in a better position to help brands embrace [...]
City Moves for 10 December 2015 | Who’s switching jobs December 9, 2015 DELOITTE Business advisory firm Deloitte has appointed Andy Lees as a partner in its financial services team. He joins from Capgemini, the French management consulting corporation, where he was UK chief executive of its financial services business. Prior to this, Andy worked for Atos Consulting as a managing partner, after spending many years at KPMG [...]