Utilitywise share price dips despite reporting 25 per cent jump in profit October 27, 2015 Utilitywise has revealed an increase of profit before tax of 25 per cent to £16.7m for its year ended 31 July 2015. Revenue for the utility management consultancy, which counts HSBC and Krispy Kreme as customers, grew by 41 per cent to £69.1m. Geoff Thompson, Utilitywise chief executive, told Morning Wire that the company would [...]
Shoe Zone shares jump despite store closures putting dent in sales October 27, 2015 Shoe Zone shares have risen 5.6 per cent today after the discount footwear chain said it was on track to meet full-year profits, despite a drop in sales. The family-owned chain, which floated on Aim last year, struggled in the autumn of last year after the unusually warm weather hurt demand for winter footwear and [...]
TalkTalk share price rises after cyber attack arrest as it says only customers who have money stolen can terminate contract without charge October 27, 2015 TalkTalk shares have rebounded closing more than 13 per cent up following the arrest and bail of a 15-year-old in connection with a cyber attack on the company. The embattled telecoms firm has also said it will waive fees for customers terminating contracts – but only if they have money stolen as a result of the attack – and suggesting it was unlikely [...]
Out of town shopping centres jump in value on the back of growing popularity October 27, 2015 Britain's out-of-town shopping centres have jumped in value over the last three months thanks growing appetite from investors and retailers opening new shops. Research from estate agency CBRE shows that capital values increased by six per cent in the third quarter, marking the second steepest rise since 2000. That contrasted with a 3.8 per cent [...]
Tesco shares and bonds snapped up by chairman John Allan October 27, 2015 Tesco chairman John Allan has snapped up more shares in the supermarket less than a month after he and four other board members, including chief executive Dave Lewis, purchased nearly half a million pounds worth collectively. Allan forked out another £100,000 in total, picking up 51,978 shares at 192.39 pence per share, the company said in a regulatory update, [...]
Littlewoods owner Shop Direct posts record profits thanks to mobile sales boom October 27, 2015 Shop Direct has posted a 78 per cent leap in full-year profits thanks to booming mobile sales and a surge in customers flocking to its main website Very.co.uk. The online retailer, which pulled the shutters down on its catalogue business this year, said pre-tax profits reached a record £71.7m in the year to 30 June [...]
Circassia Pharmaceuticals optimistic following strong sales growth in the third quarter October 27, 2015 Biopharmaceutical company Circassia reported strong sales in the third quarter, thanks largely to its NIOX asthma management products. During the three months to 27 October, NIOX sales amounted to £4.5m, which marks a 35 per cent increase from the same period the year before. This, combined with “good progress” made with clinical studies for its [...]
Pfizer share price rises on strong third quarter results and improved full-year outlook October 27, 2015 Following its acquisition of Hospira last month, things are looking up for Pfizer. The figures During the three months to 27 September, Pfizer experienced a rise in operational revenue compared to last year. The total figure for the third quarter was $12.2bn (£7.9bn), a two per cent total decline from the $12.4bn achieved in 2014. [...]
Metro Bank doubles its lending as it prepares for an IPO October 27, 2015 Leading challenger Metro Bank said today that its lending had more than doubled in the last 12 months, with similarly strong growth in deposits and customer accounts, as it announced its third-quarter results ahead of an expected initial public offering (IPO). Metro Bank, which has been in business since 2010, said today that it "continues to target" a listing [...]
West End retailers poised for £2.3bn Christmas and Black Friday 2015 shopping bonanza October 27, 2015 West End retailers are bracing themselves for a £2.3bn shopping bonanza this Christmas, with spending set to reach its highest level since 2007, as higher disposable incomes and lower prices help boost consumer confidence. London’s main shopping streets – Oxford Street, Bond Street and Regent Street – are expecting a 1.2 per cent uplift in sales [...]