Valeant severs ties with Philidor following share price plunge October 30, 2015 Valeant Pharmaceuticals is “severing all ties” with Philidor, a pharmacy group controlled by the drugs giant. The Canadian company's share price closed over five per cent lower yesterday after two major US healthcare companies put an end to doing business with Philidor. Shares in Valeant continued their fall, diving as much as 15 per cent in after-hours [...]
Eurozone creeps out of negative inflation as consumer price index inches up to zero in October October 30, 2015 The Eurozone crept out of negative inflation this month, although it remains way below the European Central Bank's target of just under two per cent. Year-on-year CPI growth was flat, having fallen 0.1 per cent in September, according to a flash estimate by Eurostat out today. European Central Bank boss Mario Draghi has said the emerging market slowdown and financial market turbulence [...]
Where are the UK’s £1m houses? These London boroughs sold more £1m-homes than Scotland, Wales and the rest of the UK combined October 30, 2015 All but two of London's boroughs have had more £1m-houses sold so far this year than the whole of Scotland. From January to the end of August just two local authorities – Dagenham & Barking and Newham – have had no sales of £1m-homes, placing them in the same position as Scotland. But even when compared to Wales, where 14 [...]
UK house prices: Combined wealth of UK property investors rises 40 per cent in a year, hitting a record £306bn October 30, 2015 The UK's real estate investors are richer than ever before, with £306bn of wealth – a new record. That's according to the Estates Gazette Rich List, which said this was the first year the figure had risen above £300bn. It's a 40 per cent jump since 2014, when the total figure was £218.3bn. What's surprising is [...]
AB InBev share price rises on soaring Mexican sales ahead of SABMiller megabrew deal October 30, 2015 Sales are soaring for the world’s largest beer brewer, thanks largely to a booming Mexican beer market. The figures AB InBev reported that normalised earnings, before interest, tax, depreciation and amortisation rose by 9.6 per cent in the third quarter to $4.4bn, against the same period last year. Earnings per share were down to $1.02 [...]
British Airways owner IAG share price falls as airline reveals first-ever dividend October 30, 2015 International Airlines Group's share price fell this morning as the group announced its first dividend pay-out as revenues soar. The figures Operating profit climbed up to €1.25bn from €900m for the three months to 30 September. Excluding Aer Lingus, which it acquired this summer, the figures were still strong: that figure reached €1.21bn. Revenues climbed 15.2 per cent to €6.75bn. [...]
BG Group profits, turnover drops as oil price tumbles October 30, 2015 BG Group has issued a set of results worthy of Halloween, with EBITDA slumping 37 per cent in the third quarter as the continued oil price falls and currency woes take their toll. The figures Revenue and other operating income fell nine per cent to $4.15bn (£2.7bn) for the three months, which BG Group put down [...]
Bubble bubble housing trouble: London’s property market is scarily close to a crash October 30, 2015 London's housing market is teetering on the brink of a crash after two years of “explosive” growth that has turned it into one of the most overvalued cities in the world, economists at UBS have warned. The news comes as research released today from YourMove and Reeds Rains shows that record numbers of aspiring homeowners believe [...]
RBS is “cutting people off from their own money” and “starving businesses of both cash and credit,” says Move Your Money campaign October 30, 2015 Royal Bank of Scotland is the “worst” bank for branch closures, according to a new report out today. One in three British branch closures between 2014 and 2015 was at the hands of RBS or its sister brand, NatWest, according to the Move Your Money campaign. Accusing Britain’s biggest lender to small businesses of “abandoning [...]
Britain needs one million extra construction workers by 2020 to fulfil housebuilding needs October 30, 2015 The UK will need one million extra construction workers by 2020 to fulfil its growing housebuilding requirements, new research has revealed today. There are currently 980,000 people working in the UK’s house building industry, who are set to build 148,000 new homes this year. This will need to grow to 1.98m workers in order to [...]
