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....The cost of borrowing is set to jump if the Bank of England lifts the base rate for the first time in a decade in November as expected. But this will mark the beginning of a dramatic change in policy and the start of may more rate increases in 2018, according to forecasts from Capital Economics. ... [Read full article on Daily Express ]
Saturday 16th of September 2017 03:49:00 PM
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.... A re-jig or two will follow to promote the interests of companies, and employees, on the receiving end. To be fair to the Takeover Panel, the City watchdog, other contests, notably last year’s messy three-way battle for FTSE 250 private equity investor SVG Capital, will also have influenced its thinking. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 02:52:10 PM
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.... Last March, the company reported its fifth consecutive year of losses amid weak demand for its clothes, store closures and competition in the sector. Sports Direct bought out activist investors, including Gatemore Capital Management – a London-based hedge fund that had an 8% stake – and OTK, an investment firm that owned about 7%, to add to its existing 11% stake. ... [Read full article on Guardian ]
Sunday 17th of September 2017 09:31:18 AM
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.... He received a monthly fee from the agency for his services. Following the meeting Bell Pottinger took on a £100,000-a-month contract to work for Gupta-owned Oakbay Capital, led by Victoria Geoghegan, which resulted in the PR and social media campaign focusing on “economic apartheid” and “white monopoly capital” in South Africa. ... [Read full article on Guardian ]
Monday 18th of September 2017 11:31:52 AM
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.... While these limit margin improvement today, some are temporary,” Rory McKenzie, an analyst at UBS, said in a note. British outsourcing companies such as Mitie, Capita and Carillion have been hit over the past year by rising labour costs and unplanned changes to contracts that were taken on during the financial downturn, often with paper-thin margins. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 04:22:00 PM
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Latest Finance News related to Capita

Mitie Group may cut 480 jobs as clean-up costs rise image
Source : Guardian [Read Article] Wednesday 20th of September 2017 04:22:00 PM
.... While these limit margin improvement today, some are temporary,” Rory McKenzie, an analyst at UBS, said in a note. British outsourcing companies such as Mitie, Capita and Carillion have been hit over the past year by rising labour costs and unplanned changes to contracts that were taken on during the financial downturn, often with paper-thin margins. ...
Why were HBOS auditors cleared? We need a full explanation | Nils Pratley image
Source : Guardian [Read Article] Tuesday 19th of September 2017 02:52:10 PM
.... A re-jig or two will follow to promote the interests of companies, and employees, on the receiving end. To be fair to the Takeover Panel, the City watchdog, other contests, notably last year’s messy three-way battle for FTSE 250 private equity investor SVG Capital, will also have influenced its thinking. ...
Bell Pottinger: father of executive at centre of scandal quits Rentokil board image
.... He received a monthly fee from the agency for his services. Following the meeting Bell Pottinger took on a £100,000-a-month contract to work for Gupta-owned Oakbay Capital, led by Victoria Geoghegan, which resulted in the PR and social media campaign focusing on “economic apartheid” and “white monopoly capital” in South Africa. ...
Former BHS owner could face fine if the charges stick image
Source : Guardian [Read Article] Sunday 17th of September 2017 09:31:18 AM
.... Last March, the company reported its fifth consecutive year of losses amid weak demand for its clothes, store closures and competition in the sector. Sports Direct bought out activist investors, including Gatemore Capital Management – a London-based hedge fund that had an 8% stake – and OTK, an investment firm that owned about 7%, to add to its existing 11% stake. ...
Mortgage alert: Interest rates will rise FOUR times by end of 2018, economists forecast  image
....The cost of borrowing is set to jump if the Bank of England lifts the base rate for the first time in a decade in November as expected. But this will mark the beginning of a dramatic change in policy and the start of may more rate increases in 2018, according to forecasts from Capital Economics. ...
Bell Pottinger unlikely to honour payments to co-founder Tim Bell image
Source : Guardian [Read Article] Wednesday 13th of September 2017 01:42:52 PM
....The administrators, BDO, which had unsuccessfully sought a buyer for the company in a fire sale, said Bell Pottinger had been “heavily financially impacted” by the loss of clients, partners and staff as the South Africa scandal poisoned the business. The firm was being paid £100,000 a month by its client Oakbay Capital, the holding company of the wealthy, powerful and controversial Gupta family, to run a social media and PR campaign in South Africa focused on “economic apartheid”. ...
Bell Pottinger goes into administration amid South Africa scandal image
Source : Guardian [Read Article] Tuesday 12th of September 2017 05:35:58 PM
....The Public Relations and Communications Association said it had never before “passed down such a damning indictment of an agency’s behaviour”, with the five-year minimum ban being unprecedented for a City PR firm of Bell Pottinger’s size. The firm was being paid £100,000 a month by its client Oakbay Capital, the holding company of the wealthy, powerful and controversial Gupta family, to run a social media and PR campaign in South Africa focused on “economic apartheid”. ...
Cost of living surges amid warnings the Bank of England could soon hike interest rates image
....Now all eyes will be on the outcome of the September MPC meeting and whether more than two of the nine members will vote for a rise in rates. Paul Hollingsworth, UK economist at Capital Economics, said: "Today’s figures are likely to provide further ammunition to the more hawkish members of the MPC at this Thursday’s meeting, and as a result we expect the vote to be split once again. ...
Bell Pottinger could go under within days, sources claim image
Source : Guardian [Read Article] Thursday 7th of September 2017 06:47:15 PM
.... Francis Ingham, the director general of the trade body, said Bell Pottinger had brought “the PR and communications industry into disrepute”. Bell Pottinger was being paid £100,000 a month by Oakbay Capital, the holding company of the wealthy Gupta family, who have been accused of benefiting financially from their close links to the South African president, Jacob Zuma. ...
Amazon seeks prime North American spot for second headquarters image
Source : Guardian [Read Article] Thursday 7th of September 2017 03:06:03 PM
....40 for the city’s economy overall,” the company says. Eileen Burbidge, a partner at venture capital firm Passion Capital and the chair of Tech City UK, said any city would want to entice Amazon to its area. ...
Bell Pottinger expelled from PR trade body after South Africa racism row image
Source : Guardian [Read Article] Monday 4th of September 2017 05:59:00 PM
....The punishment, unprecedented for a firm of Bell Pottinger’s size, was handed down after the PRCA investigated a complaint from South Africa’s main opposition party that the PR firm sought to stir up anger about “white monopoly capital” and the “economic apartheid” in South Africa. Bell Pottinger was being paid £100,000 a month by client Oakbay Capital, the holding company of the wealthy, powerful and controversial Gupta family, who have been accused of benefiting financially from their close links to the South African president, Jacob Zuma. ...
North Korea tensions ripple through global financial markets image
Source : Guardian [Read Article] Monday 4th of September 2017 05:50:06 PM
.... It fell against the euro and the dollar as economic data showed the UK construction industry was flirting with recession. Andrew Kenningham, chief global economist at the consultancy Capital Economics, said: “Provided the worst is avoided, similar reactions are likely in the coming months, but they should generally be short-lived. ...
'Potentially racially divisive': report censures PR firm Bell Pottinger image
Source : Guardian [Read Article] Monday 4th of September 2017 01:58:38 PM
....Bell Pottinger, which faces serious disciplinary action from the UK’s PR trade body, called in the law firm to investigate the scandal to try to restore the tattered reputation of one of the best known names in PR. South Africa’s main opposition party, the Democratic Alliance, which is popular with many white South Africans, accused the the PR firm of orchestrating a campaign to exploit racial tensions on behalf of Oakbay Capital, the holding company of the Gupta family. ...
UK manufacturing beats forecasts with strong growth in August image
Source : Guardian [Read Article] Friday 1st of September 2017 10:00:34 AM
....6% in the three months to June, despite the PMI data pointing to an expansion of about 0. 5%, according to Andrew Wishart, an assistant economist at the consultancy Capital Economics. ...
Doorstep lender Morses swipes customers from troubled rival Provident image
Source : Guardian [Read Article] Thursday 31st of August 2017 01:33:07 PM
....8 million people who borrow regularly, out of a total of 10 million who have poor or incomplete credit histories. Neil Wilson, a senior market analyst at ETX Capital, said: “More evidence of the botched revamp at Provident Financial – rival Morses Club is stealing business hand over fist … This is more evidence that the idea to change a business model that’s worked perfectly well for 130 years was not so clever. ...
Apple joins consortium in revised £14bn bid for Toshiba's chip business image
Source : Guardian [Read Article] Thursday 31st of August 2017 12:02:06 PM
. Apple has joined a consortium of businesses led by the investment company Bain Capital in a last-ditch £14bn offer for Toshiba’s chip unit. ...
Dara Khosrowshahi's Uber in-tray: 20 issues new chief must address image
Source : Guardian [Read Article] Wednesday 30th of August 2017 07:26:40 PM
....Kalanick’s not-quite-departure has left boardroom harmony in a parlous state. He is in a legal dispute with investor Benchmark Capital, which also has a seat on the board. ...
New Uber CEO meets staff as emotional Travis Kalanick gets standing ovation image
Source : Guardian [Read Article] Wednesday 30th of August 2017 06:45:55 PM
....”. The Uber board has been in turmoil, with one major investor in the company, Benchmark Capital, suing Kalanick and accusing him of sabotaging the search for his replacement. ...
Rapid rise in personal borrowing is cooling, says Bank of England image
Source : Guardian [Read Article] Wednesday 30th of August 2017 11:19:35 AM
....5bn, the highest level since December 2008. Paul Hollingsworth, a UK economist at the consultancy Capital Economics, said: “Given that credit is still rising fairly strongly, it suggests that households are confident enough to borrow in order to maintain spending while real incomes are being squeezed. ...
'They kept us stewing, then came euphoria': how to sell your business image
Source : Guardian [Read Article] Wednesday 30th of August 2017 06:00:22 AM
....” Most employees held share options, and several held shares too. In 2009, Chandler co-founded the venture capital firm Notion Capital, which backs companies in the SaaS (software as a service) space. ...
Mitie investigated by FCA over results and profit warning image
Source : Guardian [Read Article] Tuesday 29th of August 2017 05:56:07 PM
....The provider of pest control, cleaning and security services said on Tuesday it was informed of the probe by the Financial Conduct Authority on Friday and was “fully cooperating”. Outsourcing companies such as Mitie, Capita and Carillion have been hit over the past year by rising labour costs and unplanned changes on contracts that were taken on during the financial downturn, often with paper-thin margins. ...
Total Harvey cost could be as high as $100bn, says insurance expert image
Source : Guardian [Read Article] Tuesday 29th of August 2017 12:18:16 PM
.... Some analysts are putting the likely damage at $30 to $50bn – but point out that not all of this sum will be covered by insurance. However, David Havens, an insurance analyst at Imperial Capital in New York, told Bloomberg News the final bill could reach as much as $100bn. ...
ParkingEye meets its match as it takes on a top barrister over an £85 fine image
....ParkingEye went after Bowen for overstaying the free two-hour limit at a motorway service station and, when he wouldn’t roll over, decided to sue him. But the firm, owned by Capita, may now be regretting picking this particular fight after a judge struck out the case and ordered the company to pay his costs of £1,550. ...
UK consumer spending growing at weakest rate in nearly three years image
Source : Guardian [Read Article] Thursday 24th of August 2017 10:57:53 AM
....”. Some of the fall in household spending could be attributed to consumers shifting their car purchases to beat a tax change earlier this year, according to analysts at Capital Economics. ...
Exxon deliberately misled public on climate science, say researchers image
Source : Guardian [Read Article] Thursday 24th of August 2017 02:04:29 AM
....“Let’s face it: The science of climate change is too uncertain to mandate a plan of action that could plunge economies into turmoil,” Exxon said in 1997, as the Bill Clinton administration faced overwhelming opposition in Congress to US ratification of the Kyoto Protocol. Natasha Lamb, managing partner of investment management firm Arjuna Capital, said the new analysis could bolster the lawsuits accusing ExxonMobil of deliberately downplaying climate change risks. ...
Former Lloyds boss Eric Daniels sues bank for withheld bonuses image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 11:22:18 AM
.... He was heavily criticised by the Treasury select committee in 2010 when it was revealed he did not know how many of his staff were paid more than him. Since leaving Lloyds, Daniels has taken on a string of jobs in the City, including at peer-to-peer lender Funding Circle, Mayfair-based investment bank StormHarbour and private equity firm CVC Capital Partners. ...
UK public finances notch up first July surplus since 2002 image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 09:50:40 AM
....8bn in the four months to July, compared with a year ago. Analysts at Capital Economics expected the improvement last month to be a “temporary blip”. ...
Provident Financial sees nearly £1.7bn wiped off stock market value image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 09:40:50 AM
.... Provident has agreed to suspend the sale of ROPs, which were worth £70m a year in revenues. Analysts at RBC Capital Markets called the string of negative announcements a “quadruple whammy” as Provident’s share price nosedived. ...
Global investors look to Jackson Hole for signs of how QE will end image
Source : Guardian [Read Article] Sunday 20th of August 2017 12:03:19 PM
.... Still, normalisation may not be the easiest path for central bankers, with fragile economies, inflation not taking off as expected and the potential for roiling the financial markets with sudden changes. “The rollback of QE is an experiment that has never been tried before and it is not clear how markets will react,” said economists at fund manager Intermediate Capital Group. ...
European stock markets dip after Spain terrorist attacks image
Source : Guardian [Read Article] Friday 18th of August 2017 05:04:02 PM
....5%. Neil Wilson, analyst at the stock market betting firm ETX Capital, said: “As we’ve seen over the last couple of years in Europe, these kinds of atrocities affect tourism and will hit airline earnings. ...
Learndirect blames government cuts for damning Ofsted report image
Source : Guardian [Read Article] Thursday 17th of August 2017 09:24:49 AM
....”. Learndirect is 65%-owned by Lloyds Development Capital, the private equity arm of Lloyds Bank. ...
UK pay growth picks up as unemployment rate falls again image
Source : Guardian [Read Article] Wednesday 16th of August 2017 08:36:46 AM
....9% a year earlier has largely been the result of dearer import prices caused by the drop in the value of the pound since the Brexit vote. Ruth Gregory, the UK economist at Capital Economics, said: “The latest labour market figures provided some signs that the tightening in the labour market may be leading to a recovery in wage growth at long last. ...
Department for Education pulls all Learndirect contracts and funding image
Source : Guardian [Read Article] Tuesday 15th of August 2017 07:03:32 PM
....”. Lloyds Development Capital, the private equity arm of Lloyds Bank, which owns 65% of Learndirect, said: “Over the last six years and under private ownership, the business has helped more than half a million learners. ...
Uber to offer tipping for UK users – and introduce waiting charges image
Source : Guardian [Read Article] Monday 14th of August 2017 12:00:33 PM
....Uber’s founder, Travis Kalanick, stepped down as chief executive last year amid accusations that he permitted a male-dominated culture of sexual impropriety within the company. Kalanick is now being sued by investor Benchmark Capital, which is objecting to his retention of three seats on the company’s board. ...
Trump's North Korea rhetoric spikes US 'fear index' to top level since election image
....The Vix index measures expectations of volatility on the S&P 500 index of the US’s largest publicly quoted companies. Its rise in the early hours of Friday prompted Neil Wilson, a senior market analyst at financial firm ETX Capital, to comment: “Volatility is back. ...
Battle for power at Uber as investor sues ex-CEO Travis Kalanick alleging fraud image
. Travis Kalanick is being sued by one of Uber’s largest investors, Benchmark Capital, which accuses the former chief executive of engaging in fraud in order to “increase his power over Uber for his own selfish ends”. ...
Co-operative Bank sheds 25,000 current account customers but losses shrink image
Source : Guardian [Read Article] Thursday 10th of August 2017 08:25:02 AM
....Retail investors who own bonds will take losses of at least 55% and be offered cash rather than shares. Five hedge funds – Silver Point Capital, GoldenTree, Anchorage Capital, Blue Mountain and Cyrus Capital – have led the discussions with the bank over its future. ...
Stock market crash: how Slater and Gordon became a casualty of the neoliberal dream | Richard Ackland image
....Now, so much of the neoliberal dream is more readily recognised as a hucksters’ mess of pottage and one of its casualties is the once great law shop Slater and Gordon. After bestriding the consumer end of the common law world like an ink-squirting giant squid it is now in the hands of hedge funds, led by Anchorage Capital, whose business model is to make money from distressed, debt-laden, enterprises. ...
US firm Vantiv to buy British rival Worldpay for £9.3bn image
Source : Guardian [Read Article] Wednesday 9th of August 2017 01:55:20 PM
....Sir Michael Rake, chairman of BT and former Barclays deputy chairman, will continue at the merged group in the role of lead director, the US equivalent of a senior independent director in the UK. Launched in 1989, Worldpay was previously owned by Royal Bank of Scotland, which sold the business in 2010 to private equity firms Advent and Bain Capital as part of the terms of the bank’s 2008 taxpayer bailout. ...
Breakthrough in leasehold scandal as Countryside buys back freeholds image
Source : Guardian [Read Article] Monday 7th of August 2017 03:58:18 PM
....However, campaigners said the deal did not go far enough. Sebastian O’Kelly, of Leasehold Knowledge Partnership, said: “It seems the deal only applies to four to five sites where E&J Capital Partners are the freeholders and where ground rents double every 10 years only. ...
Brexit-fuelled boom gives Dublin’s Celtic Tiger a reason to roar image
Source : Guardian [Read Article] Sunday 6th of August 2017 09:42:50 AM
.... The Irish Times keeps a monthly tally of the number of cranes visible from its office – in July there were 69, more than double the 34 when the survey began in February last year. What will be Dublin’s tallest building is rising in Capital Dock, just east of a cluster of developments that already house the flagship international headquarters of Google, Facebook and Airbnb. ...
How Britain fell out of love with the free market image
Source : Guardian [Read Article] Friday 4th of August 2017 05:00:34 AM
....With the economy still growing, year after year, the mass benefits of unfettered capitalism – ever wider property ownership, low inflation, cheaper consumer goods, and “no more boom and bust”, as Brown put it – appeared secure. “For most people under 20,” wrote the cultural critic Mark Fisher in his 2009 book Capitalist Realism, “the lack of alternatives to capitalism is no longer even an issue. ...
House prices stabilise as number of homes on the market falls image
Source : Guardian [Read Article] Tuesday 1st of August 2017 12:13:12 PM
....But with household budgets under pressure, and wage growth failing to keep up with the cost of living, Nationwide is forecasting “subdued” housing market activity, and says prices are likely to rise by just 2% over the whole of 2017. Jonathan Samuels of property lender Octane Capital said: “Weak supply has once again ridden to the rescue of house prices. ...
Interns beware: working for free could put a dent in your career image
Source : Guardian [Read Article] Saturday 29th of July 2017 09:01:01 PM
....5% of those leaving university. Last week the outsourcing giant Capita was criticised for promoting a graduate scheme that involved up to four months of unpaid training with no guaranteed job at the end. ...
Leasehold tycoon: man whose firms control 40,000 UK homes image
Source : Guardian [Read Article] Saturday 29th of July 2017 07:00:44 AM
.... He lives in a listed property in an exclusive part of Hampshire near Winchester, surrounded by his own vineyard. Only one picture of him can be found on the internet, on his ‘The Team’ page at E&J Capital Partners. ...
Capita told graduates to pay £21,000 for leaving unpaid training scheme image
. Capita, one of the UK’s largest outsourcing companies, has demanded payouts of up to £21,000 from graduates who tried to pull out of an unpaid training scheme under which they were not guaranteed a job. ...
Barclays sets aside extra £700m for PPI claims image
Source : Guardian [Read Article] Friday 28th of July 2017 07:25:34 AM
....Barclays’ 13% rise in profits was in part generated by a £615m gain from the sale of its stake in Visa, and the completion of the restructuring prompted Staley to set a new target to achieve a return on equity – a measure of performance for shareholders – of greater than 10%. Analysts at Shore Capital said the results “are worse than expected due to weaker than anticipated income performance and a further material PPI” charge. ...
Sports Direct increases French Connection stake to 27% image
Source : Guardian [Read Article] Thursday 27th of July 2017 05:16:36 PM
....Mike Ashley’s Sports Direct has increased its stake in French Connection to 27%, taking it close to a level at which it must launch a takeover bid. Sports Direct has bought out activist investors, including Gatemore Capital Management – a London-based hedge fund that had an 8% stake – and OTK, an investment firm that owned about 7%, to add to an existing 11% stake. ...
London's Walkie Talkie building sold for record-breaking £1.3bn image
Source : Guardian [Read Article] Thursday 27th of July 2017 04:22:56 PM
....The nearby “Cheesegrater” tower, officially called the Leadenhall Building, was sold to China’s CC Land for £1. 15bn in March, while Beijing Capital Development Holdings, a state-owned group, bought a 15-storey block on the edge of the City for £210m late last year. ...
Capita criticised over unpaid graduate training scheme image
Source : Guardian [Read Article] Wednesday 26th of July 2017 02:47:32 PM
. Capita, one of the UK’s largest outsourcing companies, has come under fire for a graduate scheme that involves up to four months of unpaid training. ...
Fever-Tree co-founder toasts £29m payout as shares hit record high image
Source : Guardian [Read Article] Wednesday 26th of July 2017 09:57:47 AM
....3%. Neil Wilson, a senior market analyst at ETX Capital, said the shares were not cheap at the current price, and the company could see tougher times ahead in the UK: “Fever-Tree will have to continue to grow at this clip to justify the valuations [and] maintaining this level of growth in the UK will be tough as this market could deteriorate over the next couple of years if there is a hit to consumer spending from inflation and any Brexit-related slowdown. ...
Greece's €3bn bond sale doesn't mean its debt crisis is at an end | Nils Pratley image
....6% is impressive in Greece’s position, the bailout funds are still priced at lower rates of interest. Sadly, thinktank Capital Economics’ verdict looks correct: “Unless the eurozone creditors agree to much deeper debt relief than that which is now on the table, it seems fairly likely that Greece will require a fourth bailout when the current one expires next August. ...
Sport and sunshine fuel surge in UK supermarket alcohol sales image
Source : Guardian [Read Article] Tuesday 25th of July 2017 11:59:45 AM
....3%, and Asda the slowest, with sales up 1%, but all four lost market share compared with a year ago as the discounters opened more stores. Clive Black, a retail analyst at Shore Capital, said the weather was a bonus to supermarkets, helping to boost demand where better management, a rising volume of sales and manageable inflation were already boosting cash generation. ...
Ryanair profits take off but airline reissues Brexit warning image
Source : Guardian [Read Article] Monday 24th of July 2017 08:55:10 AM
.... Rival EasyJet was also down, by more than 3%. Neil Wilson, senior market analyst at City firm ETX Capital, said: “A huge jump in quarterly profits for Ryanair was not enough to assuage investor fears that the company is at the mercy of the pricing pressures felt across the sector. ...
Jared Kushner sealed real estate deal with oligarch's firm cited in money-laundering case image
....”. Among the overlapping connections is the 2015 deal in which Kushner paid $295m to acquire several floors of the old New York Times building at 43rd street in Manhattan from the US branch of Leviev’s company, Africa Israel Investments (AFI), and its partner Five Mile Capital. ...
Secure your worldly wealth: Tips to make sure you pass your wealth to the right person image
.... . Capital threat Patrick Connolly, certified financial planner at Chase de Vere, says most people do not draw up legal documents or charge interest when handing over smaller sums, but it makes sense for larger sums. ...
Big, bold … and broken: is the US shopping mall in a fatal decline? image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:00:36 AM
.... America has too much retail space and too many crappy malls. “It’s much less about technology than it is about overbuilding,” says Bruce Batkin, chief executive of Terra Capital Partners, a commercial real estate lender. ...
Warm weather drives UK shoppers back to the high street image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:21:55 PM
....8%, workers are suffering a sustained period of falling real pay. Despite the weak backdrop for household finances, economists at Capital Economics said there were a number of reasons why a collapse in consumer spending was unlikely. ...
UK inflation figures will shine light on impact of pound's Brexit slide image
....”. But Ruth Gregory, UK economist at Capital Economics, said the squeeze on consumers would be nowhere near as pronounced or as prolonged as it was after sterling’s last major depreciation in 2008. ...
Investors received record-breaking dividends in 2017, research shows image
Source : Guardian [Read Article] Monday 17th of July 2017 06:01:43 AM
....3bn in payments during the second quarter of this year, up 14. 5% year on year, according to the latest analysis by Capita, a services company. ...
Governments have to invest in the fourth industrial revolution | Larry Elliott image
.... Yet for the past few decades, the trend has been unmistakable: less money for investment, more set aside for dividends. In the UK, 2017 is expected to be a record year after analysis by Capita showed that shareholders grabbed north of £33bn in the second quarter. ...
GWR struggles to process refunds as customer service gets derailed image
Source : Guardian [Read Article] Sunday 16th of July 2017 05:59:13 AM
....It may be little consolation but you are not alone in your pain – our groaning postbag has reflected the fact that over much of the second half of 2016 and early 2017, GWR was clearly unable to cope with responses to passenger inquiries, claims and complaints. This coincided with Capita being awarded First Group’s contract to run its GWR, TransPennine Express and Hull Trains contact centre. ...
'Locals get first dibs': the Manchester flats banning foreign investors image
....The first 20 flats in the mill go on the market at an open day on Saturday. Four-hundred people have put their names down to express an interest in buying off-plan, according to the developers, Capital & Centric. ...
Renewable power critic is chosen to head energy price review image
Source : Guardian [Read Article] Wednesday 12th of July 2017 11:47:05 AM
....However, concerns that the review might be tilted against renewables could be allayed by Helm’s choice of colleagues to work on the report. The Guardian understands that he will be aided by a former boss of the National Grid, Steve Holliday, who is a proponent of decentralised energy including batteries, and Richard Nourse of Greencoat Capital, an investment fund supporting clean energy. ...
M&S investors spooked by slowdown in food sales image
Source : Guardian [Read Article] Tuesday 11th of July 2017 06:24:59 PM
....1% in the previous quarter. “It is a disappointing food number given we have been seeing increasingly resilient UK figures from most of the grocers,” said Shore Capital analysts Darren Shirley. ...
G4S awarded £25m government contract despite fraud inquiry image
Source : Guardian [Read Article] Monday 10th of July 2017 04:50:36 PM
....G4S will supply only the equipment, the majority of which will be first-generation “radio frequency” ankle tags that cannot track the movements of the offenders, only whether they are present at a specific location. The public services company Capita is now responsible for the main part of the contract, including fitting the tags and monitoring the offenders. ...
Sexual harassment in Silicon Valley: have we reached a tipping point? image
.... Although critics were quick to argue these were about PR damage control more than meaningful accountability. It began when numerous women accused prominent venture capitalist Justin Caldbeck of sexual harassment, prompting the Binary Capital co-founder to step down. ...
UK house price fall takes annual growth rate to slowest in four years image
.... Estate agents reported a fall in new instructions for the 15th consecutive month in May, according to the latest data from the Royal Institution of Chartered Surveyors. Hansen Lu, a property economist at Capital Economics, said house prices were likely to rise by about 2% this year. ...
Massive cyber-attack could cost Nurofen and Durex maker £100m image
Source : Guardian [Read Article] Thursday 6th of July 2017 07:38:33 AM
....”. Neil Campling, analyst at Northern Trust Capital Markets, said this latest attack was a wake-up call for firms. ...
Volvo signals carmakers' growing confidence in an electric future image
Source : Guardian [Read Article] Wednesday 5th of July 2017 05:31:24 PM
....”. Capital cities such as Paris, Madrid, Athens and Mexico City have said they will ban diesel vehicles from 2025 to cut air pollution. ...
Worldpay buyout by Vantiv reignites debate over foreign takeovers image
Source : Guardian [Read Article] Wednesday 5th of July 2017 03:04:35 PM
.... Need reform #TAKEOVER rules. “From a British perspective, it’s a shame to see another ground-breaking UK tech company selling out to overseas competition, perhaps before reaching full potential on its own,” said Jasper Lawler, head of research at financial firm London Capital Group. ...
UK services sector growth hits four-month low amid Brexit fears image
Source : Guardian [Read Article] Wednesday 5th of July 2017 11:39:28 AM
....“Given the deterioration in the forward-looking indicators, such as business optimism and order book growth, the risks are tilted towards the economy slowing in the third quarter,” said Williamson. Scott Bowman, UK economist at the consultancy Capital Economics, said the gloom cast by the PMI was overdone and the economy remained resilient. ...
Worldpay shares soar further on takeover approaches image
Source : BBC [Read Article] Tuesday 4th of July 2017 02:31:39 PM
.... Over the weekend Danish card payment services company Nets A/S said it had been approached by potential buyers, which market observers say could involve established payment giants Mastercard or Visa. "This is one of the most intriguing sub-sectors in the financials space," said Angelo Meda, head of equities at Banor Capital. ...

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