Jobs market is booming for start of 2016, with vacancies growing by 15.8 per cent, but London doesn’t even rank within the top five for growth February 2, 2016 The jobs market has boomed into 2016 but, despite how packed the tube seems during rush hour, London has failed to place within the top five for job creation during the first month of the year. According to figures released today by CV-Library, the number of job vacancies grew by 15.8 per cent in January [...]
Greene King’s chairman Tim Bridge set to retire in May 2016 after over 45 years with the hospitality company, Philip Yea lined up as successor February 2, 2016 Greene King has today announced that chairman Tim Bridge will be retiring on 1 May 2016, and Philip Yea has been lined up as his successor. Bridge has been with the hospitality giant for over 45 years, 11 of which he spent as chairman. Yea will join the board today as a non-executive director and will take [...]
UK construction sector suffers slowest growth for nine months as house building loses momentum February 2, 2016 The UK's construction sector lost steam in January, new figures reveal. Markit's construction purchasing managers' index – compiled from a survey of firms – dropped to a score of 55 from 57.8. While it is above the 50 mark that indicates no change in activity on the previous month, it marks a slower expansion. Weighing [...]
Bye-bye BOGOF? Tesco finally winds down promotions in favour of simpler pricing strategy February 2, 2016 Tesco is winding down its focus on promotions such as the famous BOGOF – buy one get one free offers – instead offering customers clearer prices in the long term. It's the latest supermarket to follow in the footsteps of discounters Aldi and Lidl with low prices overall rather than deals which have been criticised as [...]
UK house prices: The UK needs a million more rental homes in the next five years February 2, 2016 The UK needs more than a million new rental homes by 2021, a new report has suggested. The government has a target to build 400,000 new affordable homes for sale over the course of this parliament – but that's ignoring the needs of renters, the research, by Savills, suggests. Sluggish economic recovery, low interest rates – [...]
SABMiller and AB Inbev’s megabrew deal “won’t give European beer market a hangover” February 2, 2016 Don’t worry, there won’t be a hangover for European markets from AB InBev’s £71bn takeover of SABMiller. At least according to a new report from Moody’s, giving the megabrew deal its blessing by announcing that the merger is “unlikely to alter the competitive landscape of the European beer market over the next 12-24 months”. Moody’s [...]
Ocado share price jumps as it makes its second-ever profit – and says it is “confident” of signing a big deal February 2, 2016 Ocado has reported its second-ever pre-tax profit, which jumped 65 per cent in the year to the end of November. And the company was dropped a couple of hints which could relate to those rumours of a tie-up with a certain giant ecommerce site… The figures In a statement today, Ocado said gross retail sales rose to £1.1bn in 2015, up 14.7 per [...]
BP’s share price falls to six-year low as energy giant reveals worse-than-expected $2.2bn fourth quarter loss on back of falling oil prices February 2, 2016 BP's share price has fallen to its lowest level in nearly six years after posting worse-than-expected results this morning. Shares in the oil giant, whose replacement cost losses increased by 130 per cent, were down 9.5 per cent in mid-afternoon trading to 330 per share – the lowest in nearly six years, though still well [...]
TalkTalk share price jumps as revenues rise – but cyber attack cost it £60m February 2, 2016 Shareholders seemed impressed with TalkTalk's recovery from the cyber attack that devastated it in October – it's even retained its dividend. But the hack still cost it as much as £60m. The figures In a statement this morning, the company said revenues rose 1.8 per cent in the third quarter, with on-net revenues growing 4.5 per cent. But the company [...]
Sainsbury’s share price rises as it paves the way for Argos takeover with £1.3bn bid for Home Retail Group – and HRG board is backing the deal February 2, 2016 Sainsbury's has made an 11th hour offer for Home Retail Group, upping its bid to a total of £1.3bn. Under the terms of the deal, Home Retail Group investors will received 0.321 Sainsbury's shares and 55p in cash per share. They will also receive around 25p per share and a further 2.8p instead of the dividend due to [...]
