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Published: Sat, 23 Sep 2017 10:23:49 +0100

Last Build Date: Sat, 23 Sep 2017 10:23:49 +0100

Copyright: Copyright 2017 Associated Newspapers Ltd
 



Record year for UK tourism

Fri, 22 Sep 2017 22:01:47 +0100

The most popular locations included the Tate Modern, The Victoria and Albert Museum, Kensington Palace, Hampton Court Palace, St Paul's Cathedral and Westminster Abbey.


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MARKET REPORT: Premier Veterinary's US expansion backfires

Fri, 22 Sep 2017 21:58:20 +0100

In a double whammy for investors, the company also said that it is likely to need extra funding next year to stop its US business from going under.


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Demand high for new Saga cruise ship Spirit Of Discovery

Fri, 22 Sep 2017 21:53:54 +0100

The business is replacing its two vessels to offer a more modern service – with the first new ship, Spirit Of Discovery, due to arrive in June 2019 at a cost of around £300m.


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£268m payday at UK software group Micro Focus 

Fri, 22 Sep 2017 21:50:56 +0100

The highest paid will be Kevin Loosemore (pictured), the company’s executive chairman since 2011, who stands to gain £37.4m. chief exec Chris Hsu will get £30.6m.


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Dimon is hit by backlash over bitcoin ‘fraud’ jibes

Fri, 22 Sep 2017 21:50:51 +0100

Finance firm Blockswater said Dimon was 'spreading false and misleading information'. Bitcoin's value has increased almost fourfold since the year began.


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DAILY BRIEFING: Shares in L'Oreal up 2.5%

Fri, 22 Sep 2017 21:50:29 +0100

Shares in French cosmetics giant L'Oreal climbed 2.5 per cent following the death of 94-year-old billionaire Liliane Bettencourt, whose family owned 33 per cent of its stock.


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MARKETS CLOSE: Footsie higher as pound slips to $1.35

Fri, 22 Sep 2017 17:10:27 +0100

The FTSE 100 closed up 46.74 points at 7,310.64 as big London-listed exporters gained from a dip in the pound following Therese May's Brexit speech in Florence.


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Cost pressures hit over-50s travel and insurance firm

Fri, 22 Sep 2017 09:46:44 +0100

Over-50s travel and insurance firm Saga suffered a 6.3% drop in pre-tax profits in the first half of 2017 as cost pressures took their toll


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Deliveroo's global sales rise 611% but losses swell

Fri, 22 Sep 2017 08:02:58 +0100

Rising operating costs were compounded by the firm's rebranding project, which involved design costs and the write-off of old branded equipment, totalling £5.3million.


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City jobs have gone UP since the Brexit vote

Thu, 21 Sep 2017 21:51:44 +0100

There are a total of 11,000 new jobs at financial and insurance companies in the second quarter of 2017 than in the previous three months, official statistics show.


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Sir James Dyson scoops a £111m payday as profits soar

Thu, 21 Sep 2017 21:51:40 +0100

Accounts for Weybourne Group, the parent company of the 70-year-old's business empire, show that it paid ordinary dividends of £60m and preference dividends of £51m for 2016.


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Google to poach 2,000 staff from electronics firm HTC 

Thu, 21 Sep 2017 21:51:36 +0100

The will mean the division that developed Google's Pixel smartphone will be brought in-house, with Google acquiring a licence for HTC's intellectual property.


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Co-op sells final 1% stake in bank

Thu, 21 Sep 2017 21:51:31 +0100

The mutual had the holding after a £700m rescue deal to get the bank back on its feet cut its stake from 20 per cent this year. The holding has now been sold for £5m to an existing shareholder.


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Microsoft to open a new flagship store in Oxford Circus

Thu, 21 Sep 2017 21:51:27 +0100

The US seller of software, computers and games consoles is seeking a lease on the unit occupied by United Colours of Benetton, the Italian fashion house, according to Retail Week.


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Drax boss Dorothy Thompson resigns after 12 years

Thu, 21 Sep 2017 21:51:18 +0100

Dorothy Thompson - who was appointed in 2005 - has decided to leave the company by the end of the year and will be replaced by chief financial officer Will Gardiner.


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MARKET REPORT: Johnson Matthey shares up 15%

Thu, 21 Sep 2017 21:51:13 +0100

The company, which makes everything from catalytic converters to pharmaceutical ingredients, will invest an initial £200m in battery technology, to bolster its capacity in the sector.


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Compass boss Richard Cousins stands down after 11 years

Thu, 21 Sep 2017 21:51:09 +0100

When Richard Cousins, 58, took the top job, the catering firm was flirting with disaster after an over-zealous expansion. He cut the number of countries where it operates and laid the basis for solid growth.


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DAILY BRIEFING: Another Russian bank to be nationalised

Thu, 21 Sep 2017 21:51:04 +0100

B&N, the country's 12th-largest lender — is being nationalised as regulators seek to head off a looming financial crisis. It follows Otkritie's recent rescue.


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The £3bn City property deal maker poached by rival

Thu, 21 Sep 2017 21:50:55 +0100

Beckham, 59, has advised on some of the biggest deals ever seen in the City including working for Lee Kum Kee, on its £1.3bn purchase of the Walkie Talkie at 20 Fenchurch Street.


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Another crisis at Capita: Costs spiral and workers strike

Thu, 21 Sep 2017 21:50:51 +0100

The outsourcing giant said profits fell to £28m in the six months to the end of June, down from £37m in the same period last year. It was blamed on the company’s exit from specialist recruitment.


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JAMES ASHTON: Time runs out for Janet Yellen at the Fed

Thu, 21 Sep 2017 21:50:46 +0100

The new chairman will be someone keener than Yellen on rolling back banking regulation that was designed to stop lenders from toppling over again.


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IN THE MONEY: BHP Billiton boss Andrew Mackenzie

Thu, 21 Sep 2017 21:10:57 +0100

The 60-year-old boss, who took up his role from Marius Kloppers in 2013, took home a total of £3.4m in the year to June 30, up from £1.7m in 2016, according to BHP’s annual report.


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MARKETS CLOSE: FTSE 100 finishes flat but banks rise 

Thu, 21 Sep 2017 17:57:42 +0100

The FTSE 100 closed down 8.05 points at 7263.90, as bank gains over the likelihood of higher interest rates helped keep London's top index steady.


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Capita's shares slip 10% amid falling profits and strike

Thu, 21 Sep 2017 16:18:49 +0100

The slump was driven by the outsourcing giant's exit from its specialist recruitment arm and part of its Capita Europe business, while its events operation was also closed.


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Co-op Group's underlying profits slump 48%

Thu, 21 Sep 2017 15:33:00 +0100

The Co-operative Group's underlying pre-tax profits slumped by 48 per cent in the six months to July 1, it revealed today.


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All Bar One owner sees share price slip over 5%

Thu, 21 Sep 2017 14:37:14 +0100

Blaming poor weather in August and September, the group admitted it like-for-like drink sales fell by 1.2 per cent on a year ago.


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Google signs $1.1bn deal with struggling HTC

Thu, 21 Sep 2017 09:20:28 +0100

The deal, which will see around 2,000 members of HTC's workforce move over to Google, signals the latter's desire to expand its hardware business and compete with the major players.


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DAILY BRIEFING: Insurer Hiscox hires former GCHQ boss 

Wed, 20 Sep 2017 22:03:23 +0100

Hiscox has recruited the former boss of GCHQ as it looks to keep pace with the world’s biggest cyber threats. Robert Hannigan, will be a special adviser on cyber security.


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BHS owner begs for trial delay because he was at sea

Wed, 20 Sep 2017 21:51:28 +0100

Dominic Chappell was summonsed to appear in court accused of failing to hand over information to the regulator investigating the sale of the collapsed retailer.


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Website failure sinks House of Fraser sales 30%:

Wed, 20 Sep 2017 21:51:19 +0100

Billionaire Yuan Yafei allegedly pledged to invest £75 million in the retailer when his company bought it for £480 million in 2014 and yesterday some of it seemed to be on the way.


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MARKET REPORT: Shepherd Neame toasts full-year results

Wed, 20 Sep 2017 21:51:14 +0100

Shepherd Neame, which owns around 327 pubs in the UK and brews its own beers, saw sales of its Whitstable Bay ale jump by 20.5 per cent in the year ended June 24.


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Outsourcer Mitie could lay off another 480 workers

Wed, 20 Sep 2017 21:51:09 +0100

The cuts are being considered as part of a review of the FTSE 250 firm’s cleaning and engineering arms and would be on top of 200 previously axed.


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Sir Andrew Witty takes on his second role in as many days

Wed, 20 Sep 2017 21:50:56 +0100

The 53-year-old, who retired from as GSK chief executive this year, was yesterday appointed to the advisory board of Synthego, a leading provider of genome engineering in the US.


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Zara boasts ANOTHER year of stellar sales growth

Wed, 20 Sep 2017 21:50:51 +0100

The Spanish fashion chain’s autumn and winter collections have proved popular with shoppers in the first half of the year, with the company reporting a sales increase of 12 per cent.


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MARKETS CLOSE: London finishes flat ahead of US rate move

Wed, 20 Sep 2017 17:12:00 +0100

The FTSE 100 closed down 3.30 points at 7271.95, as major markets around the world traded flat ahead of the US Federal Reserve interest rate decision this evening.


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India's Tata Steel and German rival Thyssenkrupp merge

Wed, 20 Sep 2017 12:29:43 +0100

The deal, which is expected to complete next year, will bring the rival firms together and create Europe's second-biggest steal group after ArcelorMitta.


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Chinese-owned House of Fraser sinks to a loss of £8.6m

Wed, 20 Sep 2017 12:27:38 +0100

The embattled chain's finances took a hit amid the launch of a costly new website and 'significant discounting' across its ranges.


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B&Q owner Kingfisher sees share price rise nearly 7%

Wed, 20 Sep 2017 09:50:26 +0100

Across Kingfisher's portfolio, group sales increased from £4.5million to £6billion in the first half, but in the UK and Ireland, sales dipped 0.4 per cent to £2.6billion.


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Fund that made Norway richer hits $1 trillion

Wed, 20 Sep 2017 09:43:26 +0100

The fund, which invests Norway's oil and gas revenues and described by some as the world's largest piggy bank, is worth £140,000 for every man, woman and child in the country.


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French Connection prepares to open first shop in a decade

Tue, 19 Sep 2017 23:20:00 +0100

The High Street fashion chain reported a loss of £5.7m for the six months to July 31, down from £7.9m last year. The retailer is preparing to open a store in Manchester in November.


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Reckitt Benckiser chairman Adrian Bellam to step down

Tue, 19 Sep 2017 22:47:27 +0100

The 75-year-old is set be replaced by Chris Sinclair, the current executive chairman of toy maker Mattel, the British consumer goods giant announced yesterday.


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Equifax knew of hacking threat for six months

Tue, 19 Sep 2017 22:33:33 +0100

As the scandal over the hacking grows, it emerged that experts at IT business Cisco warned a string of businesses including Equifax that their systems were vulnerable as far back as March 8.


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DAILY BRIEFING: MJ Hudson opens Luxembourg office

Tue, 19 Sep 2017 22:19:56 +0100

Asset management consultant MJ Hudson has opened an office in Luxembourg to prevent any disruption after Brexit.


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MARKET REPORT: Builders up as brokers bet on house prices

Tue, 19 Sep 2017 22:10:30 +0100

recent weeks, with directors at Redrow, Cairn and Berkeley Group scaring off investors by dumping more than £200m worth of their own shares.


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KPMG cleared for failing to spot HBOS collapse

Tue, 19 Sep 2017 22:06:36 +0100

KPMG signed off the lender’s 2007 accounts at the dawn of the financial crisis – but months later it was teetering on the brink and was bought by Lloyds in a £12bn rescue deal.


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ON THE BOARD: Former Glaxo boss Sir Andrew Witty 

Tue, 19 Sep 2017 22:00:57 +0100

Sir Andrew Witty, who retired from GSK earlier this year, has been appointed as a venture partner, focused on the company’s strategic positioning in the global health care industry.


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Day Britain fought back against the takeover predators

Tue, 19 Sep 2017 22:00:46 +0100

Business Secretary Greg Clark last night pledged to publish plans this autumn to ensure investment from overseas did not pose a threat to national security.


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Toys R Us goes bust - but UK stores are safe

Tue, 19 Sep 2017 21:50:46 +0100

In what is believed to be the largest filing of its kind by a specialty retailer, the company applied to courts in the US and Canada for permission to restructure debts of £3.7 billion.


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French Connection sees UK sales slip as losses narrow

Tue, 19 Sep 2017 13:34:21 +0100

Sales across the retailer's stores fell by 7.5 per cent to £38.5million in the six months to 31 July, which the group blamed on the closure of seven stores in 12 months.


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