Burberry 2014 Christmas campaign launched as profits hurt by foreign exchange loss November 12, 2014 Burberry yesterday brushed off concerns over foreign exchange movements, saying it expected the effects to wear off in the next six months after taking its toll on first-half profit. The luxury fashion group posted a six per cent rise in underlying profit to £152m in the six months to 30 September. But [...]
Aviva Investors’ Euan Munro on why markets will see more Wobbly Wednesdays November 11, 2014 It’s lunchtime at Aviva Investors’ offices at No.1 Poultry, but the three platters of fish, meat and vegetable sandwiches supplied by catering lie untouched on the table. Euan Munro, chief executive of the fund management house, is sitting drinking full fat Coca-Cola from a glass, while the pungent aroma of the Coq d’Argent restaurant upstairs [...]
Land Securities buoyed by rush for office space November 11, 2014 LAND Securities posted a better-than-expected leap in the value of its portfolio in the first half of the year, thanks to strong demand from companies keen to take up space in its buildings. The FTSE 100 landlord behind the Walkie Talkie skyscraper in the City said like-for-like rents jumped 2.2 per cent in the six [...]
Four charts that show the impact the First and Second World Wars had on the UK’s population November 11, 2014 After the phenomenal poppy display at the Tower of London, the loss of life during the First World War has taken on greater meaning for those remembering the conflict today. Filling the moat around the Tower, each poppy symbolises one of 888, 245 Brits who died during the four years. But those clever types at the [...]
Brits are on track to spend the most since 2010 November 10, 2014 UK consumer spending could be about to hit a four-year high as Brits splash cash in hotels, bars, restaurants over high street shops, according to a new study. Visa Europe's UK Expenditure Index, which crunches card spending, said household expenditure rose by 1.5 percent in October. This offset September's blip, which saw spending fall 0.5 [...]
Challenger bank Aldermore says IPO will still happen as lending lifts November 10, 2014 Challenger bank Aldermore, which pulled the plug on a planned London Stock Exchange listing last month, has posted promising third quarter results. Aldermore's total lending rose by 10 per cent in the third quarter, taking it to a 30 per cent increase since the beginning of 2014. This helped lift third quarter pre-tax profit [...]
Challenger bank Aldermore posts third quarter results: Sees lending, profit increase November 10, 2014 Challenger bank Aldermore, who pulled the plug on a planned London Stock Exchange listing last month, has posted promising third quarter results. Aldermore's total lending rose by 10 percent in the third quarter, taking it to a 30 percent increase since the beginning of 2014. This helped lift third quarter pretax profit to almost [...]
Qatar makes £1.6bn bid for Canary Wharf owner Songbird November 6, 2014 Qatar wants to buy up Canary Wharf in a £1.6bn deal, showing the oil rich state’s determined interest in snapping up vast chunks of valuable and iconic London property. The deal would be one of the biggest property sales ever in the UK, and will extend Qatar’s reach over London landmarks, which already includes the [...]
Big banks hurt by competition investigation November 6, 2014 INVESTORS fled the big banks’ shares yesterday as a major new investigation threatened to break them up or impose significant new costs. But small lenders cheered the probe as a chance to end the dominance of the giant high street banks. The Competition and Markets Authority (CMA) is investigating the personal current account and the [...]
John Lewis Christmas advert 2014: Why are John Lewis festive ads such a big thing? And can Monty the Penguin live up to expectations? November 6, 2014 It’s not Christmas without an emotional, heart-warming, sometimes tear-jerking, advert from John Lewis. The unveiling of each new ad has become the unofficial kick-off of the festive period- move over Coca-Cola Santa, this year there's Monty the Penguin. Last year’s, featuring an animated bear and a hare, was the most popular yet with more than 13m [...]