UK chip designer Arm hit by Apple results as share price slides January 27, 2016 Everyone's favourite Brit chip designer, Arm Holdings, has been hit by disappointing results from Apple, with shares sliding 2.3 per cent to 991.5p in early trading. The Silicon Valley giant is one of Arm's biggest customers, which makes its money by licencing designs for microchips to the likes of Apple and many of its rivals. Last night [...]
UK house prices: The number of homes on the market has halved in the past 10 years, say estate agents January 27, 2016 Attention househunters: it's about to get rough out there. The National Association of Estate Agents (NAEA) has said the number of homes available to buyers fell to 37 per estate agent branch in December, the lowest figure for 2015 – and half the number available at the same time in December 2005. The figures also showed the [...]
Hinkley Point nuclear plant investment decision delayed as EDF struggles with financing for the £18bn project January 27, 2016 Britain’s first nuclear reactor for a generation is facing fresh delays as French energy giant EDF struggles to find financing for the £18bn project. French paper Lec Echos reported that the final investment decision on Hinkley Point will not take place today, as was widely expected, and that EDF is seeking extra support from the French government. It said the [...]
Peak Apple: Sales slow at the world’s largest company as boss Tim Cook blames extreme conditions January 27, 2016 The world's biggest company, Apple, set a new record for US corporate profits last night yet warned that sales are on the verge of tumbling for the first time in over a decade. The tech giant expects revenue of $50bn (£35bn) to $53bn in the opening three months of this year, down from $58bn in [...]
Poor workplace wellbeing is costing businesses £554 per employee per year, as employers still need to do more to protect their workers’ health January 27, 2016 Staff absences are now costing businesses more than £500 per worker, but employers are still not doing enough to protect their employees' wellbeing. According to a report out today from the Chartered Institute of Personnel and Development (CIPD), although employee absences now cost businesses an average of £554 per employee per year, almost two-thirds (61 per cent) of [...]
Crest Nicholson shares rally as full-year profits jump by a third January 26, 2016 Crest Nicholson has posted bumper full-year profits as the housebuilder stormed ahead with plans to build 4,000 homes by 2019. Home completions rose by eight per cent to 2,725 homes in the year to 31 October, with sales revenues up by 26 per cent to £804.8m. The strong performance helped drive a 32 per cent [...]
Sushi and sandwich maker Greencore serves up a jump in quarterly sales January 26, 2016 Food supplier Greencore has recorded a 7.2 per cent jump in first quarter sales, boosted by new product launches and strong growth in its convenience food business. The company, which suppliers supermarkets with products ranging from sushi to cakes and yorkshire puddings, reported sales of £356m in the 13 weeks to 25 December 2015. Its convenience food [...]
Almost a quarter of freelancers believe they are overpaying their taxes, with much of the confusion arising from not understanding what can be deducted as an expense January 26, 2016 While Google has found itself in the spotlight recently for striking a deal with HM Revenue & Customs (HMRC) to fork over £130m in unpaid corporation tax, many self-employed people are facing almost the opposite problem. According to a survey from PeoplePerHour, nearly a quarter (22 per cent) of freelancers think they have been regularly [...]
Generali boss Mario Greco leaving to take up chief exec role at rival Zurich Insurance January 26, 2016 Mario Greco, chief executive of Italian insurer Generali, is to step down at the end of his current contract, in order to take up the helm at Zurich Insurance. He will replace Tom de Swaan, who has been leading Zurich since Martin Senn quit as boss on 1 December, after the company’s attempted takeover of UK insurer RSA [...]
Brent and US crude: Oil prices rise above $30 per barrel on hopes of deal to ease supply glut January 26, 2016 Oil prices rose above $30 per barrel today, on hopes the world's oil producing nations could reach deal to tackle the global supply glut. Brent crude, the global benchmark, rose five per cent to as much as $32.24 per barrel this afternoon while West Texas Intermediate (WTI) crude, the US benchmark, ticked up to $31.89. The Organisation of the [...]
