Hornby’s share price soars more than 35 per cent as chief executive Richard Ames leaves following profit warnings February 15, 2016 Hornby's share price has soared more than 35 per cent today, after revealing chief executive Richard Ames was leaving the business with immediate effect. Ames stepped down after the toymaker was forced to issue yet another profit warning and admission it could breach its banking covenants last week, prompting the share price to collapse. Chairman Roger Canham [...]
Canada Investment Group share price up despite drop in profit and funds under management because of turbulence in emerging markets February 15, 2016 Share price in Canada Investment Group rose today despite the company announcing a fall in profits at its half-year results. The fund manager reported profit before tax of £3.6m for the six months ended December 2015, down from £4.3m for the same period the year before, while funds under management dropped to $3.8bn (£2.6bn), [...]
Death of the high street? Don’t be so sure – bricks and mortar shopping still matters February 15, 2016 The ‘death of the high street’ has been a favoured headline for years now, but is yet to actually materialise. Online is certainly growing – on that we can all agree – but we shouldn’t be too hasty in declaring that this is at the expense of everything else. Indeed, new data today from the British Retail [...]
HSBC’s decision to stay in London is great for the UK, the capital and the kick-start London’s financial services needs February 15, 2016 It comes as a welcome relief that HSBC has taken the decision to maintain its headquarter status in London. Its towering Canada Square, Canary Wharf presence allows the famous HSBC sign to be seen from some distance away. It is therefore, great news that this will remain intact. There are a number of reasons why [...]
London house prices: South Ruislip the hottest property spot on the Tube map as Crossrail boosts prices in Zones Three and Four February 15, 2016 When you're thinking of the hottest property spots in London, Hillingdon's finest South Ruislip might not be the first location to pass your lips. But the Zone Five station has named London's most in-demand neighbourhood out of the 280 Tube stations on the network, with 75 per cent of available properties selling within the last three [...]
Mario Draghi says ECB is “ready to do its part” on economy as he tries to dampen fears over health of European banks February 15, 2016 European Central Bank (ECB) chief Mario Draghi has signalled that further monetary policy easing is likely in March. "A general deterioration in market sentiment has taken root and has gathered pace over the last week," he told European Parliament today. "Activity and trade data have been weaker than expected, turbulence in financial markets has intensified and [...]
Centrica, E.ON and EDF: Moody’s puts 10 European utilities companies on negative watch February 15, 2016 Credit ratings agency Moody’s has put 10 European utilities companies on negative watch, as they must contend with a harsher business environment amid tumbling commodity prices and ultra-low wholesale power prices. It includes London-listed Centrica, which the ratings agency said is vulnerable to low prices through its exposure to gas production and electricity generation. Big [...]
Hammerson goes halves with Canadian pension fund over Birmingham’s Grand Central shopping centre as profits jump February 15, 2016 Retail landlord Hammerson has struck a deal to sell half of Grand Central shopping centre in Birmingham to one of Canada's biggest pension funds, as it reported a jump in full-year profits. The FTSE 100 company, which already owns Birmingham's other well-known shopping centre, The Bullring, bought Grand Central last month for £335m from Birmingham City [...]
FTSE 100 index rallies after Asian markets as the share prices of Reckitt Benckiser and IAG rise February 15, 2016 The FTSE 100 index shot higher today after a rally on most Asian stock markets, despite poor trade data coming out of China. The UK's blue-chip index rose 2.26 per cent to 5,836 points in early afternoon trading, led higher by Reckitt Benckiser and British Airways owner International Consolidated Airlines Group (IAG). "No severe sell-off in Chinese markets after a [...]
US economy suffering winter blues as business survey data points to stagnation February 15, 2016 The US economy is currently stagnating, according to business survey figures released today. The sales managers’ index (SMI) compiled by World Economics dropped to a score of 50.8 in February from 51.1 last month. Scores above 50 imply the economy grew compared with the month before, with February’s score pointing to very sluggish growth. Business [...]
