Entries by admin

FTSE 100 Advances 4th Time in 5 Days in Pursuit of Record

Gains push the FTSE close to capping April’s all-time closing high Gains in commodity producers boosted the FTSE 100 Index, pushing it within 1 percent of a closing record that has proved elusive in October. Anglo American Plc and BHP Billiton Ltd. rose at least 2.3 percent, sending a gauge of miners toward its highest […]

Sky sees ‘substantial’ room to poach UK mobile customers

The Sky is the limit…or is there really room for another provider in a crowded market? Pay-TV provider Sky Plc, preparing to take on telecom fixtures like BT Group Plc and Vodafone Group Plc, has an opportunity to win a “substantial” number of mobile-phone customers from its U.K. rivals, according to the company’s top executive […]

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Latest figures show sharp drop in credit demand

Corporate and mortgage lending down while consumer credit cards still in demand The latest results released from the Bank of England Credit Conditions Survey show that credit demand has retreated sharply post-Brexit, despite measures including a cut in the base rate and the introduction of the term funding scheme. The most notable drop has been in demand […]

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The evolution of London’s gold market

After a century of tradition, changes in how gold is traded are on the way When the precious metals industry meets in Singapore next week for an annual gathering, one of the key topics will be the coming changes to how gold is traded in London. A new trade-reporting service and the introduction of exchange-traded […]

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Tesco pulls Unilever products in pricing row

Unilever products have been removed from Tesco website after Brexit symptom pricing row Tesco has pulled dozens of Unilever products from sale on its website after a disagreement on pricing. The consumer goods supplier wanted to raise prices to counteract the effect of the sterling slump and a standoff had developed with retailer Tesco. The […]

What’s really keeping corporate treasurers awake at night?

A new report from the Economist Intelligence Unit reveals the top concerns of treasurers worldwide Against a challenging macroeconomic and regulatory backdrop, corporate treasury is expanding its company-wide responsibilities, according to Managing risk in challenging economic times, a white paper published today (October 12th) by The Economist Intelligence Unit (EIU) and sponsored by Deutsche Bank. The […]

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British firms not adequately insured against cyber risk

Inadequate insurance products leave companies exposing themselves to cyber threat The number of British firms insured against cyber threats has fallen sharply in the past year even though many doubled their security budgets after some high-profile companies suffered attacks, a survey by PwC showed on Wednesday. The auditing and corporate advisory firm said companies were reluctant […]

Finance firms commit to the 30%

UK finance firms look to address the number of senior roles filled by women (Bloomberg) A number of large U.K. financial firms pledged to have almost a third of senior roles filled by women within five years as part of a government-backed drive to boost their ranks in an industry traditionally dominated by men. Out […]

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Acquisition and revenue upgrade drive foodie forecast changes

Revenue upgrade in convenience food sector drives forecast change Wealth management group Davy today released a statement announcing a FY 2017 forecast change, of which the dominant driver is a 7.3% (c.£86m) revenue upgrade for the UK Convenience Foods segment. The upgrade is a function of the Sandwich Factory acquisition (c.£40m in revenue), by Greencore Group […]