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.... By pulling out of construction in Qatar, Saudi Arabia and Egypt, it is withdrawing from its business in the Middle East almost entirely. Further annual savings will be announced following a “strategic and operational review”, while the firm also plans to get better at collecting money that it is owed. ... [Read full article on Guardian ]
Thursday 13th of July 2017 06:20:18 AM
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Latest Finance News related to Annual Saving

Lower water bills: Don't miss out and trial a water meter image
Source : Daily Express [Read Article] Thursday 13th of July 2017 06:58:00 PM
....As a general rule of thumb, it’s worth considering a water meter if a household has more or the same number of bedrooms than people living in the property. CCWater’s water meter calculator has helped almost 270,000 consumers identify potential annual savings totalling more than £14. ...
Carillion has 'no future without rights issue of at least £500m' image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:20:18 AM
.... By pulling out of construction in Qatar, Saudi Arabia and Egypt, it is withdrawing from its business in the Middle East almost entirely. Further annual savings will be announced following a “strategic and operational review”, while the firm also plans to get better at collecting money that it is owed. ...
GM to stop making cars for Indian market image
Source : BBC [Read Article] Friday 19th of May 2017 05:19:34 AM
....The firm is aiming to make significant savings through these steps. "As a result of these actions, GM expects to realise annual savings of approximately $100m (£77m) and plans to take a charge of approximately $500m in the second quarter of 2017," it said in a statement. ...
Accounting watchdog to investigate KPMG over Rolls-Royce audit image
Source : Guardian [Read Article] Thursday 4th of May 2017 07:22:01 AM
....As in 2016, the engineering firm expects to make most of its profits in the second half of the year, and they are likely to be similar to last year. The company has been slashing costs and is on track to hit its target of £200m annual savings by the end of 2017. ...
Tories pinched Labour's energy price cap – but now we need detail | Nils Pratley image
....If there’s a real difference, it’s that a Tory cap – probably set by regulator Ofgem – would allow bills to go up if suppliers’ wholesale costs increase. But that possibility, at least at the outset, is academic since Damian Green, the work and pensions secretary, is semi-guaranteeing annual savings of about £100 for an average family on a standard variable tariff. ...
Weetabix sold to US firm after breakfast cereal fails to catch on in China image
....”. Post has annual revenues of $5bn(£4bn) expects to make annual savings of about £20m a year before the third full year after completion of the deal, from shared administration and infrastructure among other things. ...
Ralph Lauren to close flagship Polo store in cost-cutting plan image
Source : BBC [Read Article] Tuesday 4th of April 2017 02:52:30 PM
....Ralph Lauren is cutting jobs and closing offices and shops, including its 711 Fifth Avenue Polo store, as the company strives to reduce costs. The fashion-to-homeware brand, known for its "preppy" look, expects to make $140m in annual savings as a result. ...
Tesco has settled with the SFO – but it faces more headaches ahead | Nils Pratley image
.... Tesco would be paying 23 times earnings for a company that has been radically improved over the past half-decade but may have reached top speed. Yes, £200m of annual savings are up for grabs, the companies estimate, but 23 times earnings is still an almighty rating for a food distribution business. ...
Peugeot-Citroën chief vows to save jobs in Vauxhall/Opel takeover image
Source : Guardian [Read Article] Monday 6th of March 2017 12:35:46 PM
.... He pointed to the French company’s track record and said employees at Vauxhall in the UK and Opel in Germany would be given a chance to reach the necessary “benchmark” of efficiency. GM and PSA said the deal would create annual savings of €1. ...
Thousands of HMRC staff may have to move up to 174 miles image
Source : BBC [Read Article] Tuesday 10th of January 2017 12:02:48 AM
.... . "This will deliver annual savings to the taxpayer of £83 million from 2025-26 and will mean modern and cost-effective buildings with the latest technology and more training opportunities for staff. ...
Is night time the right time to use your electrical appliances? image
Source : Guardian [Read Article] Saturday 7th of January 2017 06:59:12 AM
Lloyds snaps up MBNA for £1.9bn image
Source : Guardian [Read Article] Tuesday 20th of December 2016 08:10:43 AM
....9bn on MBNA, a credit card business owned by Bank of America, as the bailed-out lender continues its recovery from the financial crisis. The UK bank’s first major acquisition since its £20bn rescue by the taxpayer during the 2008 crisis will give it a 26% share of the credit card market and allow it to produce £100m annual savings within two years. ...
Volkswagen plans 30,000 job cuts worldwide image
Source : BBC [Read Article] Friday 18th of November 2016 09:39:10 AM
....VW says it will create 9,000 jobs as part of investments in new products. The cuts should bring annual savings of €3. ...
HP cuts up to 4,000 jobs worldwide image
Source : BBC [Read Article] Friday 14th of October 2016 12:31:19 AM
.... . It is hoped the cuts will generate some $200m (£163m) to $300m in annual savings for the firm, but they are expected to cost up to $500m in charges. ...
William Hill in £4.5bn merger talks image
Source : BBC [Read Article] Sunday 9th of October 2016 10:52:36 AM
...."The potential merger would be consistent with the strategic objectives of both William Hill and Amaya and would create a clear international leader across online sports betting, poker and casino," William Hill said. A merger of the two companies could produce annual savings of up to £100m. ...
Water market overhaul proposed by Ofwat image
Source : BBC [Read Article] Monday 19th of September 2016 06:04:23 AM
....". According to Ofwat, greater competition may only have a modest impact on bills, with an annual saving of £8. ...
Ralph Lauren and Michael Kors report weak sales image
Source : BBC [Read Article] Wednesday 10th of August 2016 03:30:05 PM
.... . Earlier this year, he announced proposals to streamline the business by closing stores and cutting 8% of its workforce with the aim of producing annual savings of between $180m-$220m. ...
On-site childcare is a blessing for workers, so why don't more companies offer it? image
....The program, she adds, allows staff to use their annual leave “when they actually want to”. Unlike the onsite pre-school services, the program is free to staff – an annual saving of up to $5,000 per child, according to Walker. ...
LSE merger with Deutsche Börse likely to result in 1,250 job cuts image
Source : Guardian [Read Article] Wednesday 1st of June 2016 02:03:12 PM
....The planned merger between the London Stock Exchange and Deutsche Börse, which is set to create a £21bn pan-European trading giant, is likely to lead to 1,250 job cuts. The prospectus issued to shareholders of both companies said the cuts would be necessary to achieve annual savings of €450m (£350m) by 2019 – a fifth of the combined operating costs. ...
Is the Tesla 3 the electric car that will change everything? image
Source : Guardian [Read Article] Saturday 7th of May 2016 06:00:06 AM
....Car tax will be zero. That equates to an annual saving of £145-£210 a year, the current duty on a mid-range saloon car. ...
Is the Tesla 3 the electric car that will change everything? image
Source : Guardian [Read Article] Saturday 7th of May 2016 06:00:06 AM
....Car tax will be zero. That equates to an annual saving of £145-£210 a year, the current duty on a mid-range saloon car. ...
City news: Pearson group, Shire pharmaceuticals and savings image
Source : Daily Express [Read Article] Monday 2nd of May 2016 12:01:00 AM
....The FTSE100 firm said lower assessment revenues across the US and UK caused continuing sales to fall 4 per cent, while headline sales fell 6 per cent after the strength of the dollar against the pound helped offset a weaker performance from the emerging markets. It added that it would face restructuring costs of about £320million this year, leading to annual savings of about £350million – with £250million coming in this year and some £100million in 2017. ...
Business News: MoneySupermarket, LSE, Vectura, Smiths Group image
Source : Daily Express [Read Article] Thursday 17th of March 2016 07:13:00 AM
....LONDON Stock Exchange has agreed a £21billion merger with Germany’s Deutsche Boerse to create a European trading powerhouse better able to compete with US rivals. LSE and Deutsche, which have twice failed to combine, said the deal would generate £354million of annual savings. ...
Small business welcomes tax changes image
Source : BBC [Read Article] Wednesday 16th of March 2016 03:29:17 PM
.... . He said that the 600,000 small businesses relieved of paying business rates from next April would see an annual saving of nearly £6,000. ...
City news: Ocado, Sports Direct, Avon, French Connection image
Source : Daily Express [Read Article] Tuesday 15th of March 2016 10:34:00 PM
....The shake-up will involve the loss of 2,500 jobs from its 28,000 workforce. This will cost $60million (£42million) but it aims to make annual savings of $65-70million from next year. ...
Avon to move headquarters to UK image
Source : BBC [Read Article] Monday 14th of March 2016 11:15:27 PM
...."The actions we are taking today will bring our corporate and commercial businesses closer together, which will drive efficiencies, improve operational effectiveness and deliver significant cost savings," she added. The company said that the measures would cost it $60m (£42m) before tax in the current quarter, but it hoped to achieve annual savings of up to $70m by 2017. ...
Business News: Burberry, PizzaExpress, Paddy Power Betfair, Oil industry image
Source : Daily Express [Read Article] Wednesday 9th of March 2016 12:01:00 AM
....The company, with a combined revenue of £1. 3billion, is on track to achieve annual savings of £50million but said it is being careful not to “disrupt the momentum” of the existing businesses ahead of a key trading period with the Cheltenham Festival, Aintree and Euro 2016 football. ...
George Osborne could STILL raid pensions in the Budget after tax relief cuts u-turn image
....Pension benefits cost the state around £30billion a year and the Chancellor is desperate to cut the bill. With tax relief off-limits, it's thought the Chancellor could instead scale down lifetime and annual savings allowances, penalising those who put away more money than the threshold allows. ...
Rolls-Royce soars after it slashes dividend but holds guidance image
Source : Telegraph [Read Article] Friday 12th of February 2016 07:42:32 AM
.... Warren East cut the dividend for the foreseeable future but said the company intended to 'rebuild' it. Mr East also set out progress on cost-cutting to improve Rolls' performance, saying it was on target to make annual savings of £145m by the end of 2017. ...
British Gas and EDF cut gas prices image
Source : BBC [Read Article] Thursday 11th of February 2016 09:24:50 AM
....British Gas, which is owned by Centrica, said 6. 8 million of its customers on dual-fuel deals would see an average annual saving of £31 due to the 5. ...
Argos 'will future-proof Sainsbury's' image
Source : BBC [Read Article] Tuesday 2nd of February 2016 07:30:09 AM
.... . The £120m of annual savings expected by 2019 was also a "conservative" figure, he added. ...
52 days left of 66pc pension boost: This is what you need to do now image
Source : Telegraph [Read Article] Saturday 23rd of January 2016 08:15:51 AM
.... In the worst case Mr Osborne could scrap pension tax relief altogether. This would reward the Exchequer with a huge £35bn annual saving. ...
City News: Pearson publisher, N Brown retailer, Royal Mail and Halfords image
Source : Daily Express [Read Article] Thursday 21st of January 2016 01:34:00 PM
....Sales are also down in South Africa. It is aiming for annual savings of £350million by the end of 2017 with restructuring costing £320million. ...
Pearson to cut 4,000 jobs after second profit warning in three months image
Source : Guardian [Read Article] Thursday 21st of January 2016 09:05:19 AM
....Pearson is to cut 4,000 jobs after issuing its second profit warning in three months. The world’s biggest education publisher said it aimed for annual savings of £350m by the end of 2017 and it would end its long-held policy of increasing its dividend each year. ...
Mapped: buying is now cheaper than renting across Britain image
Source : Telegraph [Read Article] Thursday 31st of December 2015 07:12:36 AM
.... . “With annual savings [of buying versus renting] averaging well over £2,000, this can really mount up over time and once the mortgage is repaid you have a valuable asset to show for it. ...
Buying is cheaper than renting wherever you live in the UK image
Source : Daily Express [Read Article] Tuesday 15th of December 2015 10:38:00 PM
....“Often the reverse is true,” he says. “With annual savings averaging well over £2,000, this can really mount up over time and of once the mortgage is paid off you have a valuable asset to show for it. ...
City News: Greene King, Zoopla, De la Rux and Moneysupermarket image
Source : Daily Express [Read Article] Thursday 3rd of December 2015 03:38:00 PM
....Its Gateshead operation will be one of three centres of excellence for banknotes, with Kenya and Sri Lanka. The £30million overhaul, expected to deliver annual savings of over £13million, will also see its security printing operation in Gateshead moved to Malta. ...
Source : Reuters [Read Article] Wednesday 25th of November 2015 03:06:47 PM
Marriott agrees $12.2bn merger with Sheraton hotels owner image
Source : Guardian [Read Article] Monday 16th of November 2015 03:31:45 PM
.... Marriott’s board of directors is to increase from 11 to 14, with the expected addition of three members of Starwood’s board. Marriott said it expected to deliver at least $200m in annual savings in the second full year after the deal was completed. ...
Clock ticks for SABMiller and AB InBev image
Source : BBC [Read Article] Sunday 11th of October 2015 10:39:25 AM
....Last week SABMiller rejected a £68bn ($104bn) takeover bid by its rival. It also announced an accelerated cost cutting plan to make annual savings of $1. ...
SABMiller plans $1bn savings amid beer battle image
Source : Guardian [Read Article] Friday 9th of October 2015 10:07:40 AM
....Brewer SABMiller has announced a drastically accelerated cost-cutting plan following a $100bn (£65bn) takeover approach by rival Anheuser-Busch InBev. The company, which makes Grolsch and Peroni, has announced that it aims to make annual savings of $1. ...
Smiths Group clamps down on costs to keep profits rising image
Source : Telegraph [Read Article] Wednesday 23rd of September 2015 08:34:18 AM
.... . The group’s restructuring programme has created annual savings of £33m so far, helping shore up profits by slimming down the organisation, closing several factories and improving its information systems. ...
Savers pile record £61bn into cash Isas despite poor rates on offer   image
Source : Telegraph [Read Article] Friday 28th of August 2015 04:48:20 PM
. Savers poured a record £61bn into cash Isas in the last tax year, taking full advantage of the increased annual savings limits and flexibility of “super Isas” that were launched last July. ...
Nomad’s £500m deal for Findus image
Source : Daily Express [Read Article] Friday 14th of August 2015 07:43:00 AM
.... . Nomad, which operates Findus in Italy, said the acquisition would boost earnings immediately and it is targeting annual savings of about £21million over the net three years. ...
Sky prepares launch of new 'Apple and Netflix-style' set-top box image
Source : Telegraph [Read Article] Saturday 25th of July 2015 05:30:47 PM
.... . Moving the three Sky operations to the same set-top box technology is expected to play a major role in delivering the £200m in annual savings chief executive Jeremy Darroch said the double takeover would produce. ...
Source : Reuters [Read Article] Thursday 9th of July 2015 06:10:39 AM
.... . Wednesday's reforms are expected to deliver a 12 billion pounds annual saving by the 2019/20 financial year, which Osborne says will help him meet his target to eliminate the budget deficit, albeit a year later than previously planned. ...
Budget 2015: George Osborne's speech in full image
Source : Telegraph [Read Article] Wednesday 8th of July 2015 12:45:59 PM
.... . We’ve found annual savings of £12bn from welfare and £5bn from tackling tax evasion, avoidance, planning and imbalances in the tax system. ...
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Supermarket giants agree merger image
Source : BBC [Read Article] Wednesday 24th of June 2015 09:16:00 AM
....Under the terms of the deal, Ahold shareholders will own about 61% of the new company. The two firms said the deal would involve one-off costs of €350m, but they would aim for annual savings of €500m per year from the third year after the deal's completion. ...
Sky and BT are in their own cup final for football fans’ cash image
Source : Telegraph [Read Article] Thursday 28th of May 2015 09:21:45 PM
.... First, it is building scale of its own as it integrates Sky Deutschland and Sky Italia. By all accounts the £200m annual savings executives have predicted from the takeovers are underestimated. ...
'Confusion' over childcare support image
Source : BBC [Read Article] Tuesday 19th of May 2015 11:17:29 PM
....The vouchers, worth up to £243 a month, can be bought by each parent from their salary before tax. For basic rate taxpayers, this can mean an annual saving of £930. ...
Private healthcare companies accused of using tax relief to undercut the NHS image
.... This shows Bupa saves £244 for each infusion of Herceptin due to its “nil” VAT status. As the Bupa document says, after other overheads, “for a cohort of 50 patients an annual saving of £187,000 can be made”. ...
Kier on the road to expansion with £265m purchase of Mouchel image
Source : Telegraph [Read Article] Tuesday 28th of April 2015 09:01:45 AM
.... . Analyst Joe Brent said that with Mouchel’s pension costs, the value of the deal actually came in at £386m, but said the hoped for annual savings of combining the two groups were achievable. ...
Sky adds 127,000 customers in UK in third quarter image
Source : Guardian [Read Article] Tuesday 21st of April 2015 06:43:02 AM
.... “That is the important thing”. The company also said it remains on track to hit £200m in annual savings by the end of the second year of the newly created Sky business across Europe. ...
Rolls-Royce lands £6bn engine deal as Emirates turns away from the US image
Source : Independent [Read Article] Friday 17th of April 2015 10:00:39 PM
....”. Rolls-Royce is in the midst of cutting staff in its commercial aerospace unit with a view to saving £120m over the next two years, followed by annual savings of £80m. ...
NUT ballot has exposed politicians' dirty secret of schools austerity image
....The effects could be brutal. Calculations by the Leeds Schools Forum found state schools in England will need to find annual savings of more than £1bn – the equivalent of more than 20,000 full-time teaching posts – to balance their budgets in coming years. ...
Britons have an average of £32,407 squirrelled away - but 1 in 4 have nothing image
.... . Scottish Widows’ annual savings study found that 74pc of people are putting away money, up from 63pc five years ago. ...
Shopping around for the perfect solution to the pensions gap image
Source : Telegraph [Read Article] Tuesday 17th of February 2015 06:00:53 AM
.... . But a flat-rate of 33pc could still deliver valuable annual savings to the Government over the longer term by moving people from salary sacrifice to normal employee contributions. ...
'Directors to fly economy from now on' Reckitt targets £150m savings as growth slows image
. The £40billion maker of Dettol, Durex and Harpic is targeting annual savings of £100–150million under its new "Supercharge" project. ...
EE takeover puts BT head of the telecoms market image
Source : Daily Express [Read Article] Friday 6th of February 2015 11:05:00 AM
.... . It expects annual savings of about £360million by the fourth full year after the deal completes. ...
Source : Independent [Read Article] Friday 6th of February 2015 01:16:25 AM
.... . BT meanwhile identified £360m of annual savings from the takeover, mainly from marketing, IT and network costs. ...
Loyalty doesn’t pay in money matters: Cash in with the best deal on the market image
Source : Daily Express [Read Article] Wednesday 14th of January 2015 04:01:00 PM
....5 per cent is another incentive to get moving, Padmore says. "With annual savings from this cut likely to be only £24 per household, many people could still be able to get better deals from other providers, notably with Extra Energy's Bright Fixed Price Tariff. ...
How stamp duty overhaul will save buy-to-let investors £50m each year image
Source : Telegraph [Read Article] Monday 8th of December 2014 01:39:41 PM
.... At that level, stamp duty savings between the old and new regimes amount to approximately £500 per transaction. This gives a total annual saving on landlord purchases, assuming they continue at the current rate, of around £50m. ...
Aviva goes to the top with £5.2bn takeover image
Source : Daily Express [Read Article] Wednesday 3rd of December 2014 03:42:00 PM
....There will also be opportunities for Aviva to cross–sell its household and car insurance products to Friends Life customers. The deal will generate £600million of excess cash a year and annual savings of £225million by the end of 2017. ...
BBC plans cuts in overstaffed HR division image
Source : Telegraph [Read Article] Saturday 22nd of November 2014 08:18:58 PM
.... The cuts are part of a programme across the BBC that is targeting £1. 5bn in annual savings by the end of the current Charter in 2017. ...
BBC finance chief Anne Bulford: There are £400m in savings still to go image
Source : Telegraph [Read Article] Saturday 22nd of November 2014 08:00:10 PM
Rolls-royce to axe thousands of jobs image
Source : Daily Express [Read Article] Wednesday 5th of November 2014 12:00:00 AM
.... Rolls-Royce has a global workforce of 55,000 and employs 24,000 people in the UK with major bases in Bristol and Derby, where it employs around 3,500 and 12,000 staff respectively. The cuts will cost Rolls-Royce £120million over the next two years but it said it expected annual savings of £80million a year in the longer term. ...
Watershed as TUI merges in £58billion deal  image
Source : Daily Express [Read Article] Wednesday 29th of October 2014 12:00:00 AM
....Investors in the FTSE 100 First Choice and Thomson owner, whose activity breaks include scuba-diving holidays, will hold 46 per cent. TUI said joining forces would deliver big annual savings and benefits, from scrapping the UK headquarters, improved hotel occupancy and opening new hotels for TUI customers. ...
An Isa for life means paying thousands over the odds  image
Source : Telegraph [Read Article] Monday 27th of October 2014 04:51:23 PM
.... . If you are invested for 20 years or more, such annual savings, especially when compounded, will have an enormous impact on your eventual savings pot. ...
Use double tax breaks to maximise an inherited pension image
Source : Telegraph [Read Article] Monday 13th of October 2014 09:10:44 AM
.... People who want to grow the money to its maximum potential, and who aren’t in need of the money themselves, could pass the money onto the next generation. Up to £4000 a year can be saved or invested in to a Junior Isa, while up to £2,880 a year can be saved into a junior pension, which will attract £120 in tax relief, bringing the total annual savings up to £3,000. ...
Source : Independent [Read Article] Friday 10th of October 2014 06:00:00 PM
....Research by British Gas reveals that only one in five people believe their home qualifies for free insulation, despite it being available to nine out of 10 homes that need it. With energy companies and the Government rolling out loft and cavity insulation to homes across the UK, the misconception means millions could miss out on average annual savings on their energy bills of up to £150 from free loft insulation and up to £145 with cavity wall insulation. ...

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