Entertainment One share price: Peppa Pig maker reassures investors after sell-off December 9, 2015 Peppa Pig producer Entertainment One has insisted the company is still trading well after the company announced a debt deal that prompted a major sell-off of its shares yesterday. The company revealed its plans to issue £285m in bonds, as part of plans to replace existing debt facilites, on Friday. But its shares closed down 20 per [...]
UK manufacturing in terminal decline as growth rate revised down through to 2017 December 9, 2015 The British Chambers of Commerce (BCC) has downgraded its UK gross domestic product (GDP) growth forecast for the year to 2.4 per cent, from a previous prediction of 2.6 per cent. At the same time its scaled back expectations for the next to years with 2016 and 2017 now both forecast for 2.5 per cent [...]
World Bank: East Asia needs ‘womb-to-tomb’ policies to deal with ageing population and shrinking workforce December 9, 2015 East Asia needs to introduce ‘womb-to-tomb’ policies to deal with the decline in the labour force and higher public spending that will come with an ageing population, the World Bank has warned today. By 2040, the number of working-age adults could fall by more than 15 per cent in Korea and over 10 per cent [...]
Half of finance leaders predict struggles with hiring staff in the new year, with risk, compliance and governance professionals being in particularly high demand December 9, 2015 Half of UK senior finance professionals expect their business to have more difficulties attracting and retaining key talent in 2016 than they did this year. In a study published today by specialist accountancy and finance recruiter Savant Recruitment, over 80 per cent of those interviewed said they thought they would struggle to recruit risk, compliance and governance [...]
UK house prices: Most landlords to hold rents in first half of 2016 as price growth slows December 9, 2015 Rents on new tenancies agreed over the three months to November fell in most areas of the country, according to research from HomeLet that also suggests nine in 10 landlords do not intend to raise existing rents in the first six months of the year. The insurance provider’s latest rental index shows rents on new [...]
UK homeowners unprepared for interest rate hike, warns TSB December 9, 2015 UK homeowners are unprepared for an interest rate rise, despite nearly three quarters of borrowers facing an increase in their monthly repayments if the Bank of England votes for a change in the base rate. A survey released today by high street bank TSB found that one of five of borrowers said they have “no [...]
UK property listings drop by a fifth in November as London scores zero December 9, 2015 New property listings dropped by more than a fifth across the UK in November, with not one London borough recording a rise in supply, new research shows. The number of new homes on the market dropped by 21.5 per cent, according to the latest Property Supply Index by online estate agents HouseSimple.com, marking the biggest drop [...]
Insurer AIG backs Camden Market owner Market Tech Holdings with £900m loan December 8, 2015 American insurance giant AIG has thrown its weight behind the owner of Camden Market after agreeing to provide it with a £900m debt package. Market Tech Holdings said the 10-year secured debt facility, arranged by AIG Asset Management, comprises of a committed £300m term loan, which will be drawn down immediately. A further £100m will be [...]
Former Prudential Europe boss: There’s no way we’ll leave the EU – A Brexit means it would take 15 years to “disentangle” our deals December 8, 2015 A vote for Brexit could be a vote for 15 years of commercial red tape, as the UK struggles to untangle itself from countless agreements dependent on EU membership, according to a leading financial services figure. Speaking at an event hosted by EY today, Mark Wood, former boss of Prudential Europe, revealed that he thought [...]
At the close: FTSE 100 index closes down on miners December 8, 2015 The FTSE 100 index closed down today, led lower by miners who followed Anglo American. The index shut 1.42 per cent down at 6,135 points. "Once the world knew that Anglo-American was unlikely to pay any dividend for 2015-2016, the mining sector was put to the sword for the day. Anglo American at one point saw [...]
