Royal Dutch Shell, Exxon Mobil and Glencore: Energy companies risk wasting trillions on uneconomic projects November 25, 2015 Energy companies risk wasting $2.2 trillion (£1.46 trillion) on uneconomic projects over the next 10 years, according to a new report. Think tank the Carbon Tracker Initiative's (CTI) report how fossil fuel firms risk destroying investor returns says energy companies' focus on fossil fuels at the expense of emerging clean technologies could put them out of kilter [...]
HSBC says women will hold 50 per cent of senior jobs at new headquarters November 25, 2015 HSBC UK is upping the ante on its gender equality initiatives by announcing a new "50/50 recruitment target" to have half of senior management roles occupied by women. Britain's biggest lender revealed the new policy this morning, saying that while female employees account for 54 per cent of HSBC UK’s overall workforce, women are "significantly underrepresented at a senior [...]
Thomas Cook share price rises after it posts first annual profit in five years November 25, 2015 The figures Thomas Cook Group revenue increased 1.1 per cent to £7.83bn in the year ended 30 September, reflecting continued customer demand for differentiated holiday offering. The FTSE 250 listed group's profit after tax crept to a positive £19m, up from a £115m loss in 2014, marking its first positive annual profit after tax since 2010. And while Thomas Cook temporarily [...]
Black Friday 2015 UK: John Lewis will have to beat sales on iPads, Nutribullets, Samsung TVs and De’Longhi coffee machines to improve on last year’s bargain bonanza November 25, 2015 Black Friday 2015 is around the corner and many retailers – including Amazon, EBay and Currys PC World are already offering huge discounts on a wide array of TVs, computers and other must-have electrical devices. John Lewis has so far kept its powder dry and will only be unveiling its offers on the day itself [...]
Tesco threatened with Christmas strike action after Unite denounces frozen pay for delivery staff in Belfast and Doncaster as “pitiful” November 24, 2015 Tesco faces a new headache as over 700 of its drivers and delivery staff are threatening to strike right over the busy Christmas period. Belfast and Doncaster staff are gearing up to vote on strike action over a pay dispute, as the supermarket giant has frozen pay for its delivery staff in both regions. Unite [...]
Genel Energy and New Age in early stages of merger talks November 24, 2015 Genel Energy, which is chaired by former BP boss Tony Hayward, today entered merger talks with exploration group New African Global Energy (New Age). According to Sky News, the two companies are in the early stages of discussing a merger that could be worth £2bn, although sources added the talk was just one of many [...]
Rolls-Royce’s Warren East admits investor confidence “not good” upon announcing major restructure to cut costs by £200m annually November 24, 2015 Rolls-Royce’s chief executive Warren East admitted today that his company must become more transparent towards its shareholders, after several profit warnings have sent its stocks plummeting. When announcing restructuring plans that will cut costs by up to £200m, East said investor confidence was “not in a good place”, and added that the company would begin [...]
Profits jump at food producer Greencore as sandwich orders pile up November 24, 2015 Sushi, salad and sandwich maker Greencore reported better-than-expected full-year profits after winning several new contracts in the UK food to go market and expanding its presence in the US. The food producer, which supplies retailers and supermarkets ranging from Marks & Spencer to Boots, said pre-tax profits increased by 33.8 per cent to to £59.4m in [...]
At the close: FTSE 100 index closes down on airlines and Burberry November 24, 2015 The FTSE 100 fell on Tuesday, led lower by airline stocks and Burberry Group. The UK's top blue-chip index closed 0.45 per cent down at 6,277 points. EasyJet and International Consolidated Airlines Group (IAG) were both among the largest casualties, falling 3.22 per cent to 1,594p per share and 3.08 per cent to 550.25p per share respectively. Read more: Kingfisher brings home [...]
Shares in Pets at Home slide as it warns of living wage cost November 24, 2015 Shares in Pets at Home closed down 2.3 per cent after the company warned of higher costs due to the introduction of the National Living Wage next year. The company, which has 405 shops as well as 353 veterinary practices and 191 grooming salons, said George Osborne's new wage of £7.20 per hour, which is being [...]
