Facebook share price jumps after impressive earnings January 28, 2016 Shares in Facebook have rocketed more than 13 per cent as US markets opened after a stellar set of earnings which showed revenue jumping by more than half. The number of active daily users on the platform hit $1.04bn and revenue from advertising jumped 57 per cent, proving monetisation is paying off. That took full year revenue [...]
Employers not doing enough to support older workers who want to modify work commitments before they fully retire January 28, 2016 Businesses do not have enough retirement-friendly policies in place, scuppering people's plans to keep working for longer. According to a report released today by the Aegon Center for Longevity and Retirement (ACLR) and the Transamerica Center for Retirement Studies (TCRS), more than half (56 per cent) of workers from around the world foresee that they will [...]
Lonmin share price falls as it axes 5,000 jobs to weather platinum rout January 28, 2016 Shares in platinum producer Lonmin fell today despite investors initially applauding its efforts to become a lower-cost operator in an increasingly testing market. The Johannesburg-based firm axed 5,077 jobs as of 27 January, or 84.6 per cent of its planned reduction in headcount. The company had faced pressure from the government and labour unions to maintain jobs. "Progress continues with the restructuring programme [...]
TSB results: Chief executive Paul Pester says the big banks have it far too easy as his challenger bank reports 22 per cent increase in customer lending for 2015 January 28, 2016 TSB Bank chief executive Paul Pester told City PM that the challenger bank "definitely went from strength to strength" in 2015, as the lender announced its full-year results this morning. The retail and commercial bank, which was carved out of Lloyds Banking Group in 2014, reported profits were ahead of expectations, with management profit before tax of £105.7m, while [...]
Libor scandal trial: All six defendants cleared after sixth broker acquitted by jury, as case is branded a “shambles” January 28, 2016 Former ICAP broker Darrell Read has been acquitted of accusations related to manipulating the London Interbank Offered Rate (Libor), as the decision to bring the case was slammed. Yesterday, the jury acquitted five other ex-brokers and determined that Read was not guilty on one count of charges against him, although it was yet to reach a decision on [...]
Lloyds share sale delayed as George Osborne cites market turbulence January 28, 2016 The "Tell Sid"-style sale of Lloyds shares has been delayed as global markets face a continued hammering from falling oil prices and fears of an economic slowdown in China. Chancellor George Osborne said now was not the right time to sell the remaining shares the Treasury holds in the bank to retail investors as planned. The sell-off had been [...]
Anglo American share price rises as it ramps up production January 28, 2016 Shares in Anglo American rose as much as 10.4 per cent to 280.15p today, as the South African miner ramped up production in the face of plunging commodity prices. The FTSE 100 miners reported copper production rose four per cent year-on-year to 181,400 metrics tonnes in the three months ended December 31. Nickel output added 57 per cent [...]
Don’t be late: Self-assessment tax return deadline date is Sunday 31 January, so here’s a list of things you might want to know about avoiding that £100 late filing penalty January 28, 2016 We hope you've marked this Sunday 31 January in your diary – it's filing deadline day for self-assessment tax returns. But, if you need a break from your yearly paperwork, why not distract yourself with these seven facts about self-assessment? 1. It seems endless battles with train delays have left capital dwellers with a warped sense [...]
UK fourth quarter GDP: Economy grows 0.5 per cent in the fourth quarter January 28, 2016 Britain's economy picked up slightly in the last three months of 2015 – but gross domestic product (GDP) growth fell sharply on an annual basis, figures published this morning showed. The Office for National Statistics (ONS) said UK GDP rose 0.5 per cent in the fourth quarter, in line with economists' expectations, and up from 0.4 per cent in the [...]
London house prices: Housebuilding hit its highest in eight years in 2015 – but new home registrations fell in London, says NHBC January 28, 2016 Londoners, hold on tight: the housing crisis is getting worse. Figures from the National House Building Council (NHBC) showed the number of new homes registered in the capital actually fell last year – despite a raft of government measures aimed at easing pressure on the housing market. The figures, published this morning, showed 25,994 new homes [...]
