Black Friday 2015 UK date: Why the crazy discount and deal day chaos is coming early this year (and will last longer) October 26, 2015 Be prepared for Black Friday to come early this year. There's a month to go until the day which brought us frenzied scenes of bargain shoppers, but one company believes retailers will begin their discounting even earlier than 27 November when it falls. "Retailers are likely to discount earlier than Black Friday but spread the offers over [...]
Remortgage lending figures surge in September over prospect of rate hike October 26, 2015 The number of people remortgaging their properties jumped in September as homeowners rushed to secure record-low rates ahead of a potential interest rate hike next year. The latest figures from property services group LMS reveal that remortgage loans reached 28,686 last month, up 12 per cent from 25,600 in August. This is also a four per cent [...]
Dollar Financial must repay millions to customers of Money Shop, Payday UK, Payday Express and Ladder Loans, Financial Conduct Authority rules October 26, 2015 The payday lender behind familiar high street short-term loans business The Money Shop has been told to repay millions of pounds to customers by the finance watchdog. More than £15.4m will be repaid to 147,000 customers after an investigation by the Financial Conduct Authority found Dollar Financial was lending more than people could afford to repay, and issues with [...]
Toyota overtakes Volkswagen as world’s biggest carmaker by sales October 26, 2015 Toyota has displaced German manufacturer Volkswagen as the world's biggest carmaker by sales. The Japanese carmaker sold 7.49m vehicles in the first three quarters of 2015, putting it ahead of VW's 7.43m. It comes after VW inched ahead of Toyota in the first six months of this year, having sold 5.02m vehicles to VW's 5.04m. Read more: What Volkswagen scandal? [...]
Asda cuts unleaded petrol and diesel prices as chief Andy Clarke calls on George Osborne to freeze fuel duty in Autumn Statement October 26, 2015 Asda boss Andy Clarke has called on George Osborne to freeze fuel duty in his upcoming Autumn Statement, as the supermarket made further cuts to the cost of fuel at its pumps. “There are undoubtedly green shoots at a macroeconomic level and our customers are cautiously optimistic which is why they continue to save, particularly at this time of year. [...]
TalkTalk’s share price tanks again after cyber attack and data breach October 26, 2015 TalkTalk's share price is taking a pounding again. In morning trading its share price plummeted after a hacking crisis that has seen more than a billion items of customer data stolen from its website. In mid-morning trading TalkTalk shares were down 9.42 per cent. Read more: Chief exec Dido Harding comes out fighting over data hacking crisis Last [...]
Aberdeen Asset Management share price jumps, despite denying reports it is for sale October 26, 2015 Aberdeen Asset Management's share price jumped 3.9 per cent to 365.1p in mid-morning trading, amid reports the company is up for sale. A report in the Financial Times yesterday suggested that the FTSE 100 company's founder and chief executive, Martin Gilbert, was looking for potential buyers in order to turn around its fortunes. However, a senior source [...]
Tesco results analysis: Why earning mis-statements are like London buses October 26, 2015 Earnings mis-statements are like London buses, it turns out: you wait ages for one, before two turn up at once. Or that's according to a new study, anyway, which concluded that when one company is found to have mis-stated its earnings, its competitors in that industry could be incentivised to follow suit, leading to even more earnings mis-statements. But [...]
Sign of the times? Majestic Wine abandons six bottle minimum purchase October 26, 2015 Is this a sign of how bad things have really become for food and drink retailers? Majestic Wine, the middle classes' favourite mass booze retailer, has just ditched one of its main rules – namely, that all customers are required to buy a minimum of six bottles. Gasp. In a statement today, the company said [...]
Hargreaves Lansdown hires Amlin chief investment officer Jayne Styles as new investment committee chair October 26, 2015 Hargreaves Lansdown has hired Jayne Styles as an independent non-executive director and chairman of the asset manager's investment committee. Styles has been Amlin's chief investment officer since 2002, where she oversees strategy, governance and operations of a multi-manager portfolio totalling £4.25bn in global assets. She is also a member of the Amlin management committee, which sets corporate strategy for [...]
