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....4% a year ago. "RBS may finally have turned a corner," said Neil Wilson, at ETX Capital. ... [Read full article on BBC ]
Friday 28th of April 2017 06:26:06 AM
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....An acquisition would underscore the consolidation of the US food retail industry as the sector prepares to compete against online retailers including Amazon, stores like Walmart and discount chains such as Aldi. Earlier this week, the Financial Times reported that Cerberus Capital Management, the New York private equity firm that owns Albertsons and Safeway, had initiated talks with bankers about making a bid. ... [Read full article on Guardian ]
Saturday 29th of April 2017 11:00:28 AM
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....Other analysts said markets had welcomed Mr Macron's large lead in opinion polls over Ms Le Pen, who has opposed the euro and France's EU membership. "Clearly investors are happy with the result as a 'Frexit' seems to be off the table," said Neil Wilson, an analyst at ETX Capital in London. ... [Read full article on BBC ]
Sunday 23rd of April 2017 09:16:09 PM
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....The slowdown was down to stagnant consumer spending, economists said. "Household spending was held down by a drop back in motor vehicle sales from a near-record high at the end of last year and the unseasonably warm winter weather, which depressed utilities spending," said Paul Ashworth, chief US economist at Capital Economics. ... [Read full article on BBC ]
Friday 28th of April 2017 12:40:39 PM
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.... . Neil Wilson, analyst at ETX Capital trading company, said: "The company is growing sales but at a slower pace than in the past as it struggles to fight off consumer trends at its two key businesses - hotels and coffee. ... [Read full article on BBC ]
Tuesday 25th of April 2017 10:47:43 AM
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....Mr Horta-Osorio also said underlying consumer borrowing was still less than it was before the financial crisis. Neil Wilson, an analyst at ETX Capital, said: "Lloyds' resilience is based a lot on the continued health of the UK economy, but we must factor some downside risks, particularly around credit risks. ... [Read full article on BBC ]
Thursday 27th of April 2017 06:33:36 AM
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....Sir John, who has served as chief economist for the Bank of England and is now professor and warden of All Souls College, Oxford, has cautioned his former employer before over its approach to capital. Capital is considered vital to a bank's safety, as it serves to protect it from sudden losses. ... [Read full article on BBC ]
Friday 28th of April 2017 02:26:12 PM
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.... It said monthly active users had increased by 6% over the past year to 328 million, and the total stood more than 9 million higher than at the end of the previous quarter. Mark Mahaney, an analyst at RBC Capital Markerts, said the increase in users “could be your first indicator that revenue could recover some day”. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 01:48:14 PM
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....But some customers say they have not seen the promised savings, and a traditional gas boiler would be much cheaper for them. Charles Montlake, who lives in New Capital Quay, Greenwich, has district heating in his flat which is also provided by E. ... [Read full article on BBC ]
Sunday 30th of April 2017 12:47:23 AM
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....8% lower in March than in February, at 41,061. Hansen Lu, property economist at Capital Economics, said the BBA data and the latest Nationwide house prices index made sense together. ... [Read full article on Guardian ]
Friday 28th of April 2017 07:15:39 AM
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.... “Net interest income surpassed expectations for the first time in ages,” said analysts at Jefferies. Gary Greenwood at Shore Capital said the bank had also increased its forecasts to generate capital, which he said supported his thesis of a full-year dividend of 5p per share – higher than the consensus of 3. ... [Read full article on Guardian ]
Thursday 27th of April 2017 06:33:22 AM
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.... He is intended to become chairman of Barclays “ringfenced bank” – mainly the high-street operations – which must be set up by 2019 under rules intended to avoid a repeat of the 2008 financial crisis. But he also chairs retailer Debenhams, French furniture company Maisons du Monde and investment company Menhaden Capital, and is senior independent director at Costa Coffee owner Whitbread – the role he is regarded as most likely to relinquish. ... [Read full article on Guardian ]
Thursday 27th of April 2017 06:37:05 PM
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Latest Finance News related to Capita

Green heating system accused of causing 'fuel poverty' image
Source : BBC [Read Article] Sunday 30th of April 2017 12:47:23 AM
....But some customers say they have not seen the promised savings, and a traditional gas boiler would be much cheaper for them. Charles Montlake, who lives in New Capital Quay, Greenwich, has district heating in his flat which is also provided by E. ...
Hard times for Whole Foods: 'People say it's for pretentious people. I can see why' image
....An acquisition would underscore the consolidation of the US food retail industry as the sector prepares to compete against online retailers including Amazon, stores like Walmart and discount chains such as Aldi. Earlier this week, the Financial Times reported that Cerberus Capital Management, the New York private equity firm that owns Albertsons and Safeway, had initiated talks with bankers about making a bid. ...
'Fire sale' risk with Bank capital approach, says Vickers image
Source : BBC [Read Article] Friday 28th of April 2017 02:26:12 PM
....Sir John, who has served as chief economist for the Bank of England and is now professor and warden of All Souls College, Oxford, has cautioned his former employer before over its approach to capital. Capital is considered vital to a bank's safety, as it serves to protect it from sudden losses. ...
US growth rate hits three-year low image
Source : BBC [Read Article] Friday 28th of April 2017 12:40:39 PM
....The slowdown was down to stagnant consumer spending, economists said. "Household spending was held down by a drop back in motor vehicle sales from a near-record high at the end of last year and the unseasonably warm winter weather, which depressed utilities spending," said Paul Ashworth, chief US economist at Capital Economics. ...
UK house prices fall again in April as buyers feel the pinch image
Source : Guardian [Read Article] Friday 28th of April 2017 07:15:39 AM
....8% lower in March than in February, at 41,061. Hansen Lu, property economist at Capital Economics, said the BBA data and the latest Nationwide house prices index made sense together. ...
RBS reports first quarter profit as turnaround continues image
Source : BBC [Read Article] Friday 28th of April 2017 06:26:06 AM
....4% a year ago. "RBS may finally have turned a corner," said Neil Wilson, at ETX Capital. ...
Barclays boss faces shareholder revolt over whistleblowing case image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:37:05 PM
.... He is intended to become chairman of Barclays “ringfenced bank” – mainly the high-street operations – which must be set up by 2019 under rules intended to avoid a repeat of the 2008 financial crisis. But he also chairs retailer Debenhams, French furniture company Maisons du Monde and investment company Menhaden Capital, and is senior independent director at Costa Coffee owner Whitbread – the role he is regarded as most likely to relinquish. ...
Lloyds Bank's profits rise despite 'challenging' times image
Source : BBC [Read Article] Thursday 27th of April 2017 06:33:36 AM
....Mr Horta-Osorio also said underlying consumer borrowing was still less than it was before the financial crisis. Neil Wilson, an analyst at ETX Capital, said: "Lloyds' resilience is based a lot on the continued health of the UK economy, but we must factor some downside risks, particularly around credit risks. ...
Lloyds profits double to £1.3bn despite PPI and fraud payouts image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:33:22 AM
.... “Net interest income surpassed expectations for the first time in ages,” said analysts at Jefferies. Gary Greenwood at Shore Capital said the bank had also increased its forecasts to generate capital, which he said supported his thesis of a full-year dividend of 5p per share – higher than the consensus of 3. ...
Twitter revenues decline for first time as advertising falls away image
Source : Guardian [Read Article] Wednesday 26th of April 2017 01:48:14 PM
.... It said monthly active users had increased by 6% over the past year to 328 million, and the total stood more than 9 million higher than at the end of the previous quarter. Mark Mahaney, an analyst at RBC Capital Markerts, said the increase in users “could be your first indicator that revenue could recover some day”. ...
Costa coffee owner Whitbread wary over prospects image
Source : BBC [Read Article] Tuesday 25th of April 2017 10:47:43 AM
.... . Neil Wilson, analyst at ETX Capital trading company, said: "The company is growing sales but at a slower pace than in the past as it struggles to fight off consumer trends at its two key businesses - hotels and coffee. ...
French elections: Wall Street joins European relief rally image
Source : BBC [Read Article] Sunday 23rd of April 2017 09:16:09 PM
....Other analysts said markets had welcomed Mr Macron's large lead in opinion polls over Ms Le Pen, who has opposed the euro and France's EU membership. "Clearly investors are happy with the result as a 'Frexit' seems to be off the table," said Neil Wilson, an analyst at ETX Capital in London. ...
UK retail surge since Brexit vote comes to an end image
Source : Guardian [Read Article] Friday 21st of April 2017 01:11:30 PM
....7% in the last three months of 2016. But Ruth Gregory, UK economist at Capital Economics, was more upbeat and said the figures most likely overstated the weakness in overall household spending growth that was typical in the first quarters. ...
Green Investment Bank sell-off described as a disaster by critics image
Source : Guardian [Read Article] Thursday 20th of April 2017 03:22:54 PM
.... It will set up three new investment vehicles: an offshore wind investment vehicle, a low-carbon lending platform and a green infrastructure investment platform. Daniel Wong, head of Macquarie Capital in Europe, said: “We understand the responsibilities that come with this ownership, and we are fully committed to maintaining its green purpose as we grow the business. ...
Green Investment Bank to be sold off in £2.3bn deal image
Source : Guardian [Read Article] Wednesday 19th of April 2017 08:54:43 PM
....7bn to buy the bank, with a further £600m supplied in part by the UK-based Universities Superannuation Scheme, a pension scheme for university professors. The road to completing the sale to the Australian bank was cleared when a judicial review brought by Sustainable Development Capital (SDCL) – a rival bidder for the bank – was refused by the high court earlier this month. ...
Pound soars and FTSE 100 tumbles after election announcement image
Source : BBC [Read Article] Tuesday 18th of April 2017 07:58:19 AM
...."That would be welcomed by financial markets," he added. However, Neil Wilson, of ETX Capital, said: "For investors [the snap election] adds another layer of complexity to an already uncertain picture for UK and European assets. ...
Weetabix to be sold to US company Post Holdings image
Source : BBC [Read Article] Monday 17th of April 2017 11:07:28 PM
...."Going forward, Bright will stick to our overseas push," he said. Northamptonshire-based Weetabix, which has a royal warrant, was family-owned until 2004, when it was bought by private equity firm Lion Capital. ...
Libor rigging: chancellor urged inquiry into Bank of England allegations image
....Del Missier told MPs on the Treasury select committee that he had issued the instruction after a conversation with his then boss, Diamond, in October 2008, when the financial system was on the brink. Diamond was then running Barclays Capital, the investment banking arm, before being promoted to chief executive. ...
Sparks fly on Wall Street over Tesla’s current valuation image
Source : Guardian [Read Article] Saturday 15th of April 2017 03:00:05 PM
.... It is this work in the Tesla laboratory that has seduced Wall Street. Jeffrey Gundlach, who oversees more than $105bn in assets at DoubleLine Capital in Los Angeles, said: “As a car company alone, Tesla is a crazy high valuation. ...
Falling US retail sales cast doubt on further Fed interest rate rise image
Source : Guardian [Read Article] Friday 14th of April 2017 04:34:01 PM
....The Fed’s chair, Janet Yellen, said at the time of March’s rate rise that a wide range of indicators showed the US economy was in rude health, clearing the path for policymakers to take rates back towards historically normal levels. Paul Ashworth, chief US economist at the consultancy Capital Economics, said the Fed still looked on course to tighten monetary conditions further this summer. ...
Surveyors get gloomy as property market stagnates image
Source : BBC [Read Article] Wednesday 12th of April 2017 11:19:32 PM
.... . Hansen Lu, property economist with Capital Economics, said that pointed to an "even more gloomy picture than the Rics survey". ...
How Uber conquers a city in seven steps image
Source : Guardian [Read Article] Wednesday 12th of April 2017 03:19:57 PM
....Uber seems so cheap because the company subsidizes fares using a seemingly bottomless pit of venture capital. The economics blog Naked Capitalism suggested that because it lost $2bn, but only made $1. ...
Tesco shares tumble despite first UK growth in seven years image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:26:58 AM
....After two years of falling grocery prices, supermarket chiefs are pushing them up – but some analysts fear this will play into the hands of discount chains Aldi and Lidl, which thrived during the last recession. “We do expect the discounters to get a second wind, but not the hurricane they got last time,” said Shore Capital analyst Clive Black. ...
REVEALED: Map shows where in Britian has seen the BIGGEST house price growth image
Source : Daily Express [Read Article] Tuesday 11th of April 2017 03:39:00 PM
.... . Nick Leeming, chairman of estate agent Jackson-Stops & Staff said: “Today’s data shows that annual house price growth in the Capital has now not only been dwarfed by the East and South East of England, but also by five other regions, including the North West. ...
UK inflation stays at three-year high of 2.3% image
Source : Guardian [Read Article] Tuesday 11th of April 2017 10:42:20 AM
.... But the Bank’s governor, Mark Carney, and other policymakers have indicated they are happy to tolerate inflation being above their government-set target in return for supporting growth and safeguarding jobs with low borrowing costs. “All told, we think that CPI inflation will peak at just over 3% before the end of 2017,” said Ruth Gregory at the consultancy Capital Economics. ...
BBC to air recording that implicates Bank of England in Libor scandal image
Source : Guardian [Read Article] Monday 10th of April 2017 06:45:56 PM
....Del Missier told MPs on the Treasury select committee that he had issued the instruction after a conversation with his then boss, Diamond, in October 2008, when the financial system was on the brink. Diamond was then running Barclays Capital, the investment banking arm, before being promoted to chief executive. ...
The new age of Ayn Rand: how she won over Trump and Silicon Valley image
Source : Guardian [Read Article] Monday 10th of April 2017 05:49:09 PM
....What of the current moment, shaping up to be the fourth age of Rand? The Randian politicians are still in place: Ryan is now boosted by a cabinet crammed with objectivists. Secretary of state Rex Tillerson named Atlas Shrugged as his favourite book, while Donald Trump’s first choice (later dropped) as labor secretary, Andy Puzder, is the CEO of a restaurant chain owned by Roark Capital Group – a private equity fund named after the hero of The Fountainhead. ...
Jaeger collapses into administration putting 680 jobs at risk image
Source : Guardian [Read Article] Monday 10th of April 2017 05:06:29 PM
....The private equity owner of Jaeger, which dates back to 1884, has appointed administrators at Alix Partners after proving unable to find a buyer for a suggested price of £30m. The company has failed to turn a profit since private equity veteran Jon Moulton’s Better Capital bought the firm for £19. ...
Jaeger clothing chain collapses into administration image
Source : BBC [Read Article] Monday 10th of April 2017 04:13:10 PM
.... . It was acquired by private equity firm Better Capital in 2012, but was put up for sale for about £30m after struggling to boost sales. ...
Barclays boss used bank's security team to hunt for whistleblower image
Source : Guardian [Read Article] Monday 10th of April 2017 09:06:17 AM
....John Mann, the Labour MP and member of the Treasury select committee, called on Staley to resign while the Institute of Directors said it was “clearly disappointing” that Barclays had breached its own rules on protecting whistleblowers. Gary Greenwood, an analyst at stockbroker Shore Capital, said: “Given Barclays’ history of regulatory misdemeanours, most notably the high profile investigation into Libor rigging which led to former CEO Bob Diamond’s departure from the group, this latest revelation represents a very significant embarrassment for the board as it tries to rebuild the group’s reputation. ...
Travelodge makes more out of business than leisure visitors image
Source : BBC [Read Article] Monday 10th of April 2017 07:11:56 AM
.... . Goldman Sachs, Avenue Capital and GoldenTree Asset Management, the firms that took control of Travelodge in 2012, were not expected to hold on to the company long-term after its restructuring. ...
Jaeger going out of fashion puts 700 jobs at risk image
Source : Guardian [Read Article] Friday 7th of April 2017 03:01:10 PM
.... The retailer confirmed on Friday that it had filed a notice of intention to appoint administrators – a step that gives a company protection from creditors for 10 days before potentially tipping into administration. Last week, a mystery buyer bought all Jaeger’s debts from the private equity firm Better Capital for £7m. ...
US unemployment rate falls to 10-year low image
Source : BBC [Read Article] Friday 7th of April 2017 01:08:30 PM
...."The slowdown in payroll growth is exactly what you would expect when the economy closes in on full employment," he said. Neil Wilson at ETX Capital described March's job creation figure as a "massive miss", but doubted it would stop the US Federal Reserve raising interest rates twice more this year, with the next move expected in June. ...
US gained only 98,000 jobs in March, putting a chill on Trump's promises image
.... But the numbers came as a shock to Wall Street, where investors were already rattled by Trump’s airstrikes in Syria. Marcus Bullus, trading director at MB Capital, said: “The March non-farm payrolls number was a phenomenal miss and will add to market uncertainty following the Syria missile strikes. ...
Oil price jumps after US strike on Syria image
Source : BBC [Read Article] Friday 7th of April 2017 07:14:20 AM
....Analysts said the market impact of the attacks was likely to be short-lived, since the US had described it as a "one-off". "It was a knee-jerk reaction because markets are starting to come back a little, as it doesn't seem like there will be further retaliation coming," said Christoffer Moltke-Leth at Saxo Capital Markets in Singapore. ...
Unilever to ditch Flora and Stork as consumers turn to butter image
Source : Guardian [Read Article] Thursday 6th of April 2017 07:59:35 AM
.... Companies in the Netherlands are offered more protection against hostile takeover bids because directors are required to take into account the interests of all stakeholders in the business, not just shareholders. Neil Wilson, a senior market analyst at ETX Capital, said: “The Kraft Heinz bid was a massive wake-up call. ...
Deliveroo's verbal gymnastics show commonsense not on the menu image
Source : Guardian [Read Article] Wednesday 5th of April 2017 06:29:05 PM
....The generous interpretation says a spot of portfolio pruning goes with the territory when you’re investing in young businesses, not all of which will achieve commercial returns. Capital has to flow to the best prospects. ...
UK services sector expands at fastest rate this year image
Source : Guardian [Read Article] Wednesday 5th of April 2017 11:24:50 AM
....The Markit/CIPS survey found some companies reporting Brexit-related uncertainty holding back investment decisions. Ruth Gregory, a UK economist at Capital Economics, said the service sector survey – taken together with similar reports for manufacturing and construction – pointed to the economy growing at 0. ...
Hull after Brexit – will the City of Culture regret voting out? image
Source : Guardian [Read Article] Sunday 2nd of April 2017 02:30:03 PM
....Josh Cowling, 22, another of the 650 recruits, says he, like Stones, was glad to have a proper, secure job, having done a geography degree but been unable to find a career related to it. He spent time working at the Scunthorpe steelworks where his father worked all his life; it was the period of financial difficulties last year just before Tata Steel sold the plant to Greybull Capital, contractors were being laid off, and it was “very insecure”, Cowling says. ...
Robbing Paula to pay Peter in the boardroom image
Source : Guardian [Read Article] Sunday 2nd of April 2017 05:59:46 AM
....It has been a while since the results of Panmure Gordon have caused much of a ripple in the City, but that was before we knew it was to be taken over by a consortium that includes former Barclays boss Bob Diamond. Once branded the “unacceptable face of banking” (Diamond, not Panmure) the American financier’s Atlas Merchant Capital is teaming up with QInvest, the Qatari investment bank, to acquire one of London’s oldest stockbroking firms. ...
Sterling’s fall lifts UK exports, figures show image
Source : Guardian [Read Article] Friday 31st of March 2017 04:15:49 PM
.... Economists said the rebalancing towards more exports would offset some but not all of the slowdown in consumer spending expected this year as incomes are squeezed. “While the drop in the pound is clearly boosting inflation, it is also having some offsetting positive impacts through bringing about a long-awaited rebalancing of the economy towards the external sector,” said Paul Hollingsworth at the consultancy Capital Economics. ...
Eurozone inflation slows in March image
Source : BBC [Read Article] Friday 31st of March 2017 09:58:08 AM
....According to Eurostat, the decline in inflation was partly due to lower oil prices, but food price inflation also eased. "March's sharp slowdown in eurozone inflation was partly driven by temporary factors that will reverse in April, but the big picture is that inflation is now on a downward trend," said Jack Allen, eurozone economist at Capital Economics. ...
FTSE 100 slides as South African-exposed firms hit image
Source : BBC [Read Article] Friday 31st of March 2017 07:52:27 AM
....In the FTSE 250, shares in challenger bank Shawbrook soared 11. 5% after it received an £842m takeover offer from private equity firms Pollen Street Capital and BC Partners. ...
Leading City firms begin to lay groundwork for London jobs exodus image
Source : Guardian [Read Article] Thursday 30th of March 2017 01:06:02 PM
....The US investment banks JP Morgan and Citigroup sent memos to their staff confirming that they were exploring options regarding the location of their operations. JP Morgan is in talks to acquire a site in Dublin’s Capital Dock from the developer Kennedy Wilson and the National Asset Management Agency, which was created by the Irish government after the financial crisis to buy property loans from banks. ...
FTSE 100 slides as sterling strengthens image
Source : BBC [Read Article] Thursday 30th of March 2017 08:32:29 AM
....22% on Thursday after UBS cut its rating on the retailer to neutral. "Stocks are still in a bit of a holding pattern with traders lacking a bit of conviction," said Jasper Lawler at London Capital Group. ...
London Stock Exchange-Deutsche Boerse deal blocked by EU image
Source : BBC [Read Article] Wednesday 29th of March 2017 09:24:57 AM
....Those questions intensified after the UK voted to leave the European Union. "Timing is everything," said Neil Wilson, an analyst at ETX Capital. ...
Markets 'shrug off' Article 50 letter image
Source : BBC [Read Article] Wednesday 29th of March 2017 07:29:56 AM
....Shortly after midday, Prime Minister Theresa May gave official notice under Article 50 of the Lisbon Treaty of the UK's decision to leave the EU. "The countdown to Brexit has begun but by and large markets shrugged off the triggering of Article 50," said Neil Wilson, senior markets analyst at ETX Capital. ...
'Bond King' Bill Gross settles Pimco feud for $81m image
Source : BBC [Read Article] Monday 27th of March 2017 10:01:31 PM
....In the statement, Pimco said it recognised the "enormous contribution to its success" from Mr Gross and other co-founders. Mr Gross, who moved to rival Janus Capital in 2014, also repeated that his lawsuit had never been about money. ...
Protesters target Connecticut's uber wealthy with 'tax bills' in bid to end loophole image
....In the meantime, Farrell and co have taken to the (least) mean streets of Connecticut, to take action at the local level. Greenwich police, who are facing cuts too, let them leave a $446m bill outside the 35,000 sq ft mansion of Steve Cohen, founder of Point72 Asset Management and SAC Capital Advisors. ...
FTSE 100 falls as pound jumps against dollar image
Source : BBC [Read Article] Monday 27th of March 2017 08:11:23 AM
....". Jasper Lawler, a senior analyst at London Capital Group, said: "The unwind of the Trump trade spread to Asia and Europe. ...
UK energy firms including big six miss smart meter deadline image
Source : Guardian [Read Article] Sunday 26th of March 2017 05:48:07 PM
....The DCC switched on later than planned in November. However, a spokesman for the body, which is run by FTSE 100 support services group Capita, said it was now operating smoothly. ...
New broom image
Source : BBC [Read Article] Friday 24th of March 2017 12:07:35 AM
....Formula 1 is under new ownership. Control has passed from private equity firm CVC Capital Partners to the US group Liberty Media. ...
Higher fuel prices take toll on retail sales image
Source : BBC [Read Article] Thursday 23rd of March 2017 10:14:20 AM
....25. Paul Hollingsworth at Capital Economics said the figures would give some reassurance that higher inflation had not brought growth in consumer spending to a halt. ...
Next shares leads FTSE 100 higher image
Source : BBC [Read Article] Thursday 23rd of March 2017 09:31:43 AM
....Next shares jumped by 8% despite the retailer reporting its first fall in annual profits for eight years, with profits dropping to £790m. "Not a pretty set of figures from Next but no worse than expected after warning on profits in January," said Neil Wilson at ETX Capital. ...
Next admits mistakes as profits fall for first time in eight years image
Source : Guardian [Read Article] Thursday 23rd of March 2017 08:58:32 AM
.... The company had previous warned that profits would fall. Neil Wilson at ETX Capital said it was “not a pretty set of figures from Next but no worse than expected after warning on profits in January. ...
Nervous markets take fright at prospect of Trump failing to deliver | Larry Elliott image
.... A barrel of Brent crude was changing hands at less than $50 a barrel and is down 11% since the start of March. Jasper Lawler, a senior market analyst at London Capital Group, said: “It’s overly simplistic to lay the blame for the market decline at Donald Trump’s door. ...
Thames Water hit with record £20m fine for huge sewage leaks image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 11:49:38 AM
....Thames Water made an operating profit of £742m in 2015-16 and paid out £82m in dividends. It is owned by a consortium of institutional investors, including funds from China and Abu Dhabi, and was managed by Macquarie Capital Funds, which sold its final stake earlier in March to Kuwaiti and Canadian investors. ...
Screwfix boosts Kingfisher's profits image
Source : BBC [Read Article] Wednesday 22nd of March 2017 09:18:25 AM
....A weaker pound also boosted its overseas profits by £52m. Neil Wilson, senior market analyst at ETX Capital said: "Solid enough results for Kingfisher, with a good performance from Screwfix, but evidence of a slight slowdown in the second half of the year might be cause for concern, while a lot of the gains seem to be down to the weak pound. ...
Bank that lent $300m to Trump linked to Russian money laundering scam image
Source : Guardian [Read Article] Tuesday 21st of March 2017 07:00:14 PM
....Deutche Bank ended its relationship with Trasta soon after Latvia’s regulator issued a warning, it is understood. In August 2015, the Financial and Capital Markets Commission stopped all transactions above €100,000. ...
Pound slips on Article 50 date image
Source : BBC [Read Article] Monday 20th of March 2017 11:17:08 AM
....". "The pound dropped sharply after we received the news that traders have been waiting for - Theresa May will trigger Article 50 next week," said Neil Wilson at ETX Capital. ...
'Out of control' image
Source : BBC [Read Article] Monday 20th of March 2017 12:02:11 AM
....Today, the Canberra-based company helps thousands of people find work at more than 400 businesses in Australia, including accountancy giant PricewaterhouseCoopers, taxi hire service Uber, and even the Australian Defence Force. To help get Enabled up and running, Jessica successfully applied for a small entrepreneurship grant from the Australian Capital Territory government. ...
Unilever bids to heal shareholder rift amid 'garage sale' warnings image
Source : Guardian [Read Article] Sunday 19th of March 2017 01:46:15 PM
....One option under consideration is the sale of the group’s underperforming spreads business, which includes household names such as Flora and Stork. Private equity groups including CVC and Bain Capital are weighing up plans for a £6bn bid for the division, according to reports, while Kraft Heinz could also target the business as a less ambitious alternative to its bid for the entire company. ...
Unilever is safe, but we need better defences against short-term capitalism image
....After a statement like that, it would have been hard for May to be agnostic about Kraft’s offer. Jorge Paulo Lemann, founder of 3G Capital, Kraft’s principal shareholder, runs a takeover machine that extracts short-term value then looks for its next target. ...
Rising prices set to push inflation over 2% Bank of England target image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
.... But economists are doubtful whether enough supporters would emerge for a rate hike any time soon. “The risks to the MPC’s near-term forecast for output are probably skewed slightly to the downside, and there is a risk that uncertainty will build as article 50 is triggered and the EU negotiations get under way,” say Paul Hollingsworth and Scott Bowman at consultancy Capital Economics. ...
If big business is to thrive, it needs a strong welfare state | Phil McDuff image
....” But, he continued, if the wall were removed, the children would be “huddled in terror in the centre of the island”. Capitalistic markets can be playgrounds where creativity can flourish. ...
Former Barclays chief Bob Diamond to buy Panmure Gordon image
Source : Guardian [Read Article] Friday 17th of March 2017 08:15:51 AM
....Bob Diamond, the former chief executive of Barclays, is staging a City comeback after agreeing to buy one of London’s oldest stockbroking firms. Diamond’s buyout vehicle, Atlas Merchant Capital, has teamed up with QInvest, the Qatari investment bank. ...
Bob Diamond in deal to buy stockbroker Panmure Gordon image
Source : BBC [Read Article] Friday 17th of March 2017 07:45:59 AM
....Bob Diamond has joined forces with the Qatari royal family to buy Panmure Gordon, the loss-making stockbroker and investment bank. The former Barclays chief executive has made the offer through his Atlas Merchant Capital vehicle and QInvest, the Qataris' investment arm. ...
Canada Goose shares jump on stock market debut image
Source : BBC [Read Article] Thursday 16th of March 2017 04:50:44 PM
....14. Founded in Toronto 60 years ago, the company was bought by the private equity group Bain Capital in 2013. ...
FTSE 100 closes at record high image
Source : BBC [Read Article] Thursday 16th of March 2017 03:47:19 PM
....In mid-afternoon trading the index was 38 points higher at 7,406 points. Neil Wilson at ETX Capital said the message from the US central bank was "the US economy is firing, but inflation is not going to be an issue. ...
UK interest rates kept on hold at 0.25% image
Source : BBC [Read Article] Thursday 16th of March 2017 12:38:45 PM
....Analysts said it indicated the Bank of England could be closer to raising interest rates than they had thought. "The minutes paint a picture of a committee moving a lot closer to hiking rates than markets had realised," said Neil Wilson, markets analyst at ETX Capital. ...
Sainsbury's warns over 'uncertain' impact of pound's Brexit slide image
Source : Guardian [Read Article] Thursday 16th of March 2017 08:22:39 AM
.... Coupe strongly denied suggestions that the target to get consumers to halve household waste had been ditched. Neil Wilson, senior market analyst at broker ETX Capital, said: “Sainsbury’s did very well when Tesco and others were struggling but is now facing its own challenges. ...
Sainsbury's sales fall but Argos growth strengthens image
Source : BBC [Read Article] Thursday 16th of March 2017 07:24:57 AM
....9p in morning trading and are down 4% over the past 12 months. Neil Wilson of ETX Capital said Sainsbury's was being squeezed from all sides. ...
TV company behind Question Time could sell for up to £300m image
Source : Guardian [Read Article] Wednesday 15th of March 2017 03:54:39 PM
.... It is understood that first-round bids by interested parties are due to be lodged imminently. In 2014, Tinopolis held talks with MSD Capital, the venture capital firm chaired by the computer entrepreneur Michael Dell. ...

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