Lloyds Banking Group to cut 1,000 jobs as restructure continues November 25, 2015 Lloyds Banking Group is slashing another 1,000 jobs tomorrow, as part of the bank's plans to restructure to a more digital focus. The bank will be officially announcing the job cuts, which will be spread across all operations, tomorrow according to sources to Sky News. The state-backed banking group set a target to reduce its [...]
Black Friday 2015 is about more than just John Lewis, Tesco, and Amazon: Small businesses getting in on the shopping frenzy through eBay November 25, 2015 Brace yourselves: there are now less than 48 hours to go until the year’s biggest shopping frenzy hits, with UK shoppers predicted to part with a record-smashing £1bn this Black Friday. Retail giants like John Lewis, Asda, Tesco and Amazon may be reaping the biggest rewards from the massive Black Friday sales spike – but [...]
Autumn Statement 2015: Local councils allowed to take home all receipts from property sales November 25, 2015 Local councils will be allowed to keep all of the money raised from asset sales to reinvest in local services, the chancellor announced today, as part of a wider move to encourage the sale of hundred of billions of pounds of public sector land. In his Autumn Statement speech, chancellor George Osborne said locals governments [...]
UK employment: Over a million more people will be in work by 2020 report OBR after today’s Autumn Statement November 25, 2015 Over a million more people will be in work by the end of the current parliament, the government’s fiscal watchdog has said. Based on its economic growth forecasts and the policies announced in today’s Autumn Statement, the Office for Budget Responsibility believes employment will rise to 32.2m by 2020. Read more: What analysts and business make [...]
Autumn statement 2015: Chancellor George Osborne pledges to spend £600m on mental health November 25, 2015 In his first Autumn Statement as Chancellor since the Conservatives won a majority in May's General Election, George Osborne committed to putting more money into improving mental health in the UK. Praising Alistair Campbell, Andrew Mitchell and Norman Lamb for their mental health campaigning, he said during today's spending review that an additional £600m of government funding would [...]
Pepsi and Robinsons maker Britvic warns of sluggish start to the year November 25, 2015 Robinsons squash and J2O maker Britvic reported a sluggish started to the year, blaming tough market conditions due to changing shopping habits and increased competition between the traditional supermarkets and their discount rivals. The maker of Tango and PepsiCo brands Pepsi Max and 7UP, reported a 7.1 per cent rise in earnings before interest, tax, [...]
Robinsons owner Britvic warns of sluggish start to the year November 25, 2015 Robinsons squash and J2O maker Britvic reported a sluggish started to the year, blaming tough market conditions due to changing shopping habits and increased competition between the traditional supermarkets and their discount rivals. The maker of Tango and PepsiCo brands Pepsi Max and 7UP, reported a 7.1 per cent rise in earnings before interest, tax, [...]
Securities Association of China: Brokerage Citic Securities makes a $166bn error November 25, 2015 China's biggest brokerage, Citic Securities, massively overstated the value of its derivatives business according to the country's security association. The Securities Association of China (SAC) said today that a monthly report submitted to it by Citic contained inaccurate figures. Read more: Citic fails to impress as its shares float in Hong Kong The statement said new and [...]
Cake maker Finsbury posts sweet performance after munching on new bakeries November 25, 2015 Celebration cake maker Finsbury Food Group reported a huge jump in revenue during its first four months of the financial year thanks to recent acquisitions of rival bakeries. The company, which supplies major baked goods as well as Peppa Pig and Disney Princess celebration cakes to retailers including Morrisons and Marks & Spencer, said sales revenue [...]
Anglo American’s share price slides as HSBC raises dividend and cash burn concerns November 25, 2015 Anglo American's share price has tumbled after HSBC lowered its stock rating on the company to "reduce" from "hold". In mid-morning trading Anglo American's share price was 8.24 per cent down at 415p, the largest faller on the FTSE today. HSBC today said the company is likely to have to spend its cash, despite having cut costs, while [...]