App developers in line for hefty pay rise next year as “war for talent” lifts professional Londoners’ salaries, says recruiter Robert Half October 14, 2015 London’s professional workers will get a bumper pay rise next year, despite the lowest rates of inflation in half a century, a recruiter is predicting. Average pay for professional roles in finance and accounting, financial services, IT and administration will rise by three per cent in 2016, Robert Half said today. Exclusive London figures given [...]
Twitter share price rises as it names Google’s Omid Kordestani as new executive chairman October 14, 2015 Twitter announced the appointment of its new executive chairman true to form, with a tweet: https://twitter.com/twitter/status/654281217932554241 The company has appointed former Google executive Omid Kordestani, who added (also in a tweet): Excited to work with @jack, the Twitter Board, @adambain, @anthonynoto and the rest of the team to grow @twitter’s impact and business. It’s rare you get to [...]
N Brown share price rises as Simply Be and Jacamo owner says turnaround on track October 14, 2015 Shares in N Brown rallied this morning as the home shopping group said efforts to turnaround the business and draw a line under the past year’s woes were paying off. The catalogue and online retailer, which caters for older and larger shoppers through brands such as Simply Be and Jacamo, posted a 15.9 per cent fall [...]
Al Noor and Mediclinic merge to form London-listed healthcare giant October 14, 2015 Private healthcare companies Al Noor and Mediclinic today announced their plan to merge and list on the London Stock Exchange. Mediclinic, which is currently listed in Johannesburg, will own a majority stake worth between 84 and 93 per cent, while Abu-Dhabi-based Al Noor Hospitals is offering its investors a special dividend of £3.28 per share, [...]
Bank of America Merrill Lynch reports a $4.5bn profit despite market chaos and low rates October 14, 2015 Bank of America Merrill Lynch (BoAML) reported its net income for the three months to the end of September rose to $4.5bn (£2.9bn), after making a loss of $232m in the same period in 2014. Net income decreased from $5.3bn in the previous quarter, as did diluted earnings per share, which were $0.37, down from $0.45 in [...]
UK businesses hit record high – with small and medium-sized businesses playing a bigger part October 14, 2015 The number of businesses in the UK has hit a new record high, as government figures published today put the number of private sector firms at 5.4m. Breaking this down by business size reveals that small and medium-sized businesses account for almost half of generated turnover – and three fifths of all people employed. Small businesses, [...]
IPO latest: Lloyds spin-off Equiniti expects a market capitalisation of up to £600m after IPO October 14, 2015 Equiniti, the payments technology provider, has added to the current flurry of IPO activity, announcing the price range for its shares will be between 165p and 200p. The price would give Equiniti an initial market capitalisation of between £495m and £600m: the company estimates the flotation to net around £135m, which it plans to use to pay off some [...]
The average UK house price is now growing at twice the rate of London property October 14, 2015 What a difference a few months can make. Having once been seen as pulling up average UK house price growth, it seems London is now having the opposite effect, dragging the national average down, according to new figures. The National Housing Market Monitor, by estate agent Haart, found UK house prices grew 10 per cent to [...]
World wealth rankings: Here’s where the world’s millionaires live (spoiler – the number of UK super-rich is about to double) October 14, 2015 The UK is home to more of the world's millionaires than anywhere else in the world, apart from the US, and that number is only set to grow in the next five years. More than two million millionaires call the UK home, and rising numbers have caused the UK to jump two places ahead of Japan and [...]
Worldpay closes above initial offer price: How does it compare to London’s biggest floats this year? October 14, 2015 Yesterday, payments processor Worldpay attracted attention with the biggest float on the London Stock Exchange so far this year. And as institutional investors rushed to get a slice of the fintech company's, its shares closed up 10.4 per cent at 265p per share, giving it a market cap of £5.28bn on its first day of trading. Companies are clamouring to list [...]
