BDO International posts double-digital revenue growth of 13pc and combined total fee income of $7.3bn for 2015 December 9, 2015 Global accountancy network BDO International today revealed combined total fee income $7.3bn (£4.8bn), which represents double-digit revenue growth of 13 per cent on a constant currency basis, for its year ended 30 September 2015. The network, which now operates in 154 countries, has also been involved in 19 mergers throughout the year, and has boosted its [...]
Brazil’s inflation hits 12-year high as food prices climb December 9, 2015 Brazil’s annual inflation rose to 10.5 per cent for November, marking a 12-year high on the back of a spike in food prices and the rising cost of electricity. This higher-than-expected figure for consumer prices marks an increase from October, when the country's inflation stood at 9.9 per cent, and September, when it was 9.5 per cent. Brazil's [...]
Begbies Traynor sees profits plummet to £0.6m amid difficult insolvency market December 9, 2015 Business recovery and property services consultancy Begbies Traynor today revealed profit before tax of £0.6m for its six months ended 31 October 2015, plunging from £1.5m for the same period last year. However, revenue for the company increased to £25.5m for the period, up from £20.8m in 2014. The company noted that the financial performance was in [...]
Dow Chemical and DuPont merger talks: Here’s what you need to know about the potential mega-deal December 9, 2015 Two of the world's biggest chemical companies are on the verge of joining forces – DuPont and Dow Chemical, each worth around $60bn (£40bn), could announce a deal before the end of this week. According to reports, the merger between the two American companies would result in the one of the biggest deals of the year. But [...]
Volkswagen share price rises on reduced count of cars with CO2 emissions inaccuracies December 9, 2015 Volkswagen has drastically reduced its count of how many vehicles' CO2 emissions were inaccurate, sending shares up more than three per cent. "Following extensive internal investigations and measurement checks, it is now clear that almost all of these model variants do correspond to the CO2 figures originally determined," the company said in a statement. "This means that these vehicles [...]
Stagecoach’s share price plummets after company downgrades profit expectations in the wake of the Paris attacks December 9, 2015 Stagecoach's share price is tumbling after it cut its profit expectations in the aftermath of the Paris attacks. The bus and train operators share price closed down 14.43 per cent to 307.40p after the announcement, making it the biggest loser on the FTSE 250. The company warned that its outlook was "cautious", explaining: "Since mid-November, we have seen [...]
Anglo American share price haemorrhages for second consecutive day December 9, 2015 Shares in Anglo American were down 7.26 per cent at 300.15p per share today, in the wake of what the miner described as a “dramatic” overhaul to its strategy yesterday. A rout in global commodity prices has helped send the company’s shares down around 75 per cent since the beginning of this year. This has heaped [...]
Anglo American’s share price drags down the FTSE 100 again December 9, 2015 Miners opened higher this morning, but the rally was short-lived, with some of the UK's commodity giants dragging the FTSE 100 into the red by mid-morning. The UK's top blue-chip index was 0.34 per cent down at 6,114 points in mid-morning trade. Anglo American dropped for the second day in a row, plunging 11 per [...]
Brent crude oil prices steady after yesterday’s sell-off December 9, 2015 Oil prices recovered losses this morning, drawing a line under two days of turmoil prompted by indecision from the Organization of the Petroleum Exporting Countries. Brent crude oil prices, the global benchmark, rose 1.1 per cent at $40.70 per barrel this morning, while US West Texas Intermediate jumped 1.6 per cent at $38.05 per barrel. [...]
Government pledges world class train services to boost Northern Powerhouse as it awards contracts to Arriva Rail North and First Trans Pennine Express December 9, 2015 The government has promised to deliver world class train services for passengers in Scotland and the north with "unprecedented" packages of improvements being lined up. The Department for Transport has pledged to introduce more than 500 brand-new carriages, the removal of the outdated and unpopular Pacer trains, room for 40,000 extra passengers at the busiest [...]
