Another knock to the Remoaners as mortgage lending boosted in August September 22, 2016 Pre-referendum fears about a housing market slump have been squashed today after the Council of Mortgage Lenders published figures showing a jump in mortgage lending in August. There was a seven per cent month-on-month rise in mortgage lending in August, CML said, with the total amount borrowed reaching £22.5bn. Lending was up 15 per cent annually, [...]
Party Poker and Foxy Bingo owner GVC Holdings posts record results as Bwin integration steams ahead and company joins FTSE 250 September 20, 2016 Party Poker and Foxy Bingo owner GVC Holdings' stock closed up 6.6 per cent today as the gambling group posted record half-year results and said the integration of Bwin was ahead of schedule. The figures Pro forma net gaming revenue increased eight per cent to €441.8m (£339m) in the six months to 30 June, driven by [...]
Pinewood Studios wants to make it in China September 20, 2016 Forget making it in Hollywood – one of the biggest names in UK film is off to break…. China. Pinewood, the studio best known as the home of James Bond and Star Wars, said today it has opened an office in Beijing. The venture will be led by the company's international project executive, Amanda Halliday. Read [...]
Four extra-curricular career boosters that will make your CV stand out from the crowd September 20, 2016 What with algorithmic bosses and a Brexit-induced hiring freeze, how do job candidates stand out from the crowd in 2016? University qualifications are a given, not a bonus, and those working in the City will likely already have a depth of relevant experience. For employers, picking has never been harder. One technique that promises at [...]
Before the bell: What you need to know before the US market open September 20, 2016 Theresa May has been buttering up Wall Street following the Brext vote and drug giant GlaxoSmithKline has a new chief executive. Here's what you need to know before the US open at 2:30pm London time. The US futures markets are pointing higher ahead of the open. The S&P is up by 0.38 per cent, the Nasdaq [...]
Finsbury Food Group cooks up tasty 40 per cent profit growth with the help of artisan breads and Disney cakes September 19, 2016 Profits were up a tasty 40 per cent last year at cake and bread supplier Finsbury Food Group, as demand for premium breads and Disney celebration cakes pushed up growth. The figures Group revenue rose 25 per cent to £319.7m in the year ended 2 July, while adjusted operating profit grew 38 per cent to £17.1m. Finsbury [...]
US tech leaders still ❤ London, even after Brexit September 19, 2016 Entrepreneurs and tech leaders in the US still have an eye for London as the transatlantic special relationship continues to flourish despite the looming prospect of Brexit. The capital still tops their list as the top tech hub in Europe and the best place from which to build business across the continent, a new survey of more than [...]
House prices rebounded in September after the Brexit vote lull September 19, 2016 UK house prices are rebounding from the lull that immediately followed the Brexit vote, according to data from Rightmove. Asking prices have increased 0.7 per cent month-on-month, Rightmove said. In the weeks after the Brexit vote, Rightmove found that prices fell by 0.9 per cent. But first-time buyers are finding it increasingly difficult to get on [...]
City Moves for 19 September 2016 | Who’s switching jobs September 19, 2016 Chartered Management Institute The Chartered Management Institute (CMI) has named the senior financial services leader Bruce Carnegie-Brown as its new president elect. Bruce, who is also a Moneysupermarket.com non-executive chairman, will spend a year working with current CMI president Mike Clasper before starting his two-year term when Clasper steps down in September 2017. He has held a [...]
Reality has finally caught up with Germany’s disastrous Chancellor Merkel September 19, 2016 Merkeln (German verb): To dither, do nothing or fail to take decisions I have always thought the German stereotype for humourlessness is slightly unfair. Exhibit A for my contrary view is that a new verb, Merkeln, has recently entered the German language. Any culture that can coin a word to describe the haplessness of its [...]