Ted Baker posts dramatic jump in third quarter sales November 19, 2015 Retailer Ted Baker's sales soared double-digits in the third quarter thanks to a popular autumn/winter line and international store openings, the company reported in an statement this morning. Sales rose 20.5 per cent in the last three months while store sales jumped 18 per cent with openings in Stansted Airport, Amsterdam, Malibu, Toronto and Hawaii. [...]
Mothercare more than doubles profits as UK turnaround plan pays off November 19, 2015 Baby goods chain Mothercare more than doubled profits in the first half of the year, in a sign that a revamp of its struggling domestic business is on track. Underlying pre-tax profits rose by 112 per cent to £7m in the six months to 10 October, thanks to a pick-up in trading at its UK [...]
Volkswagen scandal compensation: Australian law firm launches new class action claim on behalf of VW car owners November 19, 2015 An Australian law firm today launched a class action lawsuit on behalf of owners Volkswagen (VW) cars. Maurice Blackburn Lawyers has said that more than 10,000 people have already registered for their class action claim, which will also cover affected Skoda and Audi vehicles and will target the German parent companies, not just the Australian [...]
Uber introduces a “business profile” option to make expensing work trips easier November 19, 2015 Uber has launched a new “business profiles” option to make sure people don't end up paying for work trips with their own money. It gives every Uber user the option of having an additional profile associated with work, so that all they have to do is select one or the other when calling an Uber. The idea [...]
Standard & Poor’s: Dismantling Europe’s old nuclear power plants will run up a €100bn bill for EDF, E.ON, RWE and others November 19, 2015 Dismantling Europe’s old, uneconomic power plants will impose heavy costs on Europe’s biggest operators, something which could strain their balance sheets, and hit their credit rating. Nuclear liabilities of the largest eight nuclear plant operators in Europe totaled €100bn at the end of last year, representing around 22 per cent of their aggregate debt, according [...]
July Budget 2015 measures have boosted people’s incentive to work, despite proposals to cut in-work tax credits – Institute for Fiscal Studies November 19, 2015 Measures announced in the July Budget strengthened the incentive to work, despite the proposed in-work tax credits cuts, according to a study released today by the Institute for Fiscal Studies (IFS). The report found that the complete package of changes, which included raising the personal allowance for income tax and introducing the National Living Wage, has [...]
Match Group IPO: Shares surge 12pc on stock market debut after Tinder chief Sean Rad’s comments November 19, 2015 Match Group, the owner of dating app du jour Tinder, match.com and OK Cupid, has made its stock market debut, with shares rising as much as 12.5 per cent. Priced at $12 yesterday – the low end of expectation – shares hit $13.50 in early trading, falling short of high end pricing expectations of $14 per share. Brushing [...]
Saudi Arabia’s oil minister Ali al-Naimi calls for more investment in the oil industry November 19, 2015 Saudi Arabia's oil minister, Ali al-Naimi, has warned investment in the oil industry must keep pace with forecasts for future demand to ensure the stability of the market. Speaking at an energy conference in the Bahraini capital Manama, Naimi said: "Demand for oil is continuing to rise". "To meet this growing need, there should be a continuation [...]
What’s going to happen to the economy in 2016? From persistently low oil prices to improved global growth, here are Goldman Sachs’ top 10 market themes November 19, 2015 Economists at Goldman Sachs have just released what they believe will be the 10 biggest economic themes of 2016. Here they are: 1. Global growth, more stable than it looks. The Goldman economists believe global growth is bottoming out this year at 3.2 per cent and expect it to accelerate to 3.6 per cent next year. [...]
Global medicine market will hit record value of $1.4 trillion in the next five years November 19, 2015 By 2020, the global medicine market will be worth $1.4 trillion (£900bn), according to new figures from the IMS Institute of Healthcare – a 30 per cent rise from its current value. The increase is expected to come largely from “pharmerging markets” such as China, India and Brazil, as their healthcare systems become increasingly sophisticated. [...]
