Ladbrokes share price falls after confirming £2.3bn merger with Gala Coral July 24, 2015 Ladbrokes has confirmed it will merge with rival gambling company Gala Coral to create a bookmaking giant with a market value worth £2.3bn. Read more: Ladbrokes eyes up a quick move for Gala Coral Shares in Ladbrokes opened two per cent down on the news. With an expected 4,000 shops, Ladbrokes Gala Coral will overtake William [...]
These are the best British employers for work-life balance: Euromonitor International, Bank of England and MediaMath July 24, 2015 We all know that the 24/7 business cycle, a globalised working environment and technology such as smart phones pushes our workload outside of typical 9-5 hours. But if you're fed up of the blurred line between work and play, then Glassdoor has put together a list of Britain's best employers for work-life balance. A recent [...]
Cuadrilla set to appeal fracking refusal decision July 23, 2015 Shale gas company Cuadrilla said yesterday that it will not back down in its attempt to kick-start the UK’s fracking industry. The firm announced plans to appeal against a decision last month by Lancashire County Council (LCC) to refuse planning consent for two shale gas exploration sites. Cuadrilla sought planning permission to drill, hydraulically fracture [...]
Rescued banks are not out of the woods yet: New FCA rules to improve account transparency for customers July 23, 2015 The City watchdog put more pressure on the financial sector yesterday with new rules that could see banks and building societies named and shamed for paying poor interest rates to longstanding customers. The Financial Conduct Authority (FCA) said that from next year, firms will have to provide clear information on how much interest savers are paid [...]
Tidjane Thiam points Credit Suisse to private banking as profits jump July 23, 2015 Credit Suisse’s new chief executive Tidjane Thiam said yesterday that the bank would place greater emphasis on private banking and wealth management after it comfortably beat market expectations in the second quarter. “We want to rebalance towards private banking and wealth management… as opposed to the investment bank,” Thiam told CNBC. Switzerland’s second biggest bank [...]
Bank of America share price dips: Brian Moynihan, Paul Donofrio and Andrea Smith step up as Bruce Thompson and David Darnell move on July 23, 2015 Bank of America shares fell 1.46 per cent yesterday after chief executive Brian Moynihan named the fourth chief financial officer of his tenure since he took charge in 2010. Bruce Thompson stepped down on Wednesday after five and a half years as chief risk officer and chief financial officer. He will be replaced by the [...]
UK tills emptier despite purchases rising in June as shoppers enjoy falling prices July 23, 2015 Brits spent less money in shops in June as retail sales struggle to gain momentum, a new set of data shows. The amount of money spent dropped 0.1 per cent from May to June, according to figures released by the Office for National Statistics yesterday. In the three months to the end of June, the [...]
Utopian Unilever is making waves: Boss Paul Polman is pushing an ethical agenda, but is it working? July 23, 2015 The website still exists but looks dated. SaveBenandJerrys.com, a grassroots campaign website with comic sans font, tried to stop ethical ice cream brand Ben and Jerry’s being scooped up by corporate giant Unilever in 2000. Yet 15 years after the consumer giant’s $326m takeover, the howls of protest appear a strange anachronism after moves [...]
Alliance Trust slumps once again July 23, 2015 Fund manager Alliance Trust yesterday promised a raft of changes this autumn to help reverse a long-running slump in fortunes. The company said net asset values rose by just 1.4 per cent for the six months ending June, with shareholders receiving a 2.7 per cent increase, well behind similar peers. The company, which was forced [...]
Aberdeen weighs on FTSE after report of £9bn net outflow – London Report July 23, 2015 UK shares yesterday started brightly but fell for a third day in a row, as Aberdeen Asset Management weighed on the FTSE 100. The blue chip index fell 0.2 per cent, 12.33 points, to 6,655.01 at the close, after earlier climbing as much as 0.6 per cent. Aberdeen Asset Management tumbled 7.6 per cent, touching [...]
