Number of permanent staff hired shot up sharply during October, finds REC and KPMG November 6, 2015 Four out of ten recruiters (41 per cent) placed more people in permanent positions this October than they did a month ago, according to a report released today by the Recruitment and Employment Confederation (REC) and professional services firm KPMG . The latest Report on Jobs, which the two organisations publish monthly, found that the [...]
Older homeowners’ wealth set to double to £2.5 trillion by 2035 November 6, 2015 The total property wealth of over-55s in England is expected to double to almost £2.5 trillion by 2035, new research shows, as the baby boomer generation benefit from house price rises and a longer life expectancy. Older homeowners are currently sitting on £1.2 trillion worth of wealth, According to Age Partnership. The financial planning specialist [...]
Walt Disney revenue sparkles at $13.5bn for fourth quarter of 2015 November 5, 2015 Revenue at The Walt Disney Company sparkled for its fourth quarter of 2015, coming in at $13.5bn (£8.88bn), up nine per cent from $12.4bn for its fourth quarter of 2014. Net income was reported at $1.6bn, up seven per cent from $1.5bn, equivalent to diluted earnings per share of 95 cent and 86 cent respectively. [...]
Dreamworks Animation shares fly up after hours as company smashes through expectations with $259m revenue November 5, 2015 Shares in Dreamworks Animation, the company behind the Shrek and How To Train Your Dragon franchises, went up by almost nine per cent in after hours trading, despite the firm posting a $3.5m (£2.3m) loss for the third quarter of 2015. However, revenue rose 43.3 per cent to $259m in the three months to 30 [...]
Food giant Kraft Heinz cooks up net sales of $6.1bn in first set of results after merging in July November 5, 2015 Food giant Kraft Heinz has revealed net sales of $6.1bn (£4bn) for its third quarter of 2015, up 136 per cent from $2.6bn for the same period last year. The company, known for kitchen staples like Heinz Tomato Ketchup, Philadelphia cream cheese and Maxwell House coffee, also reported a net loss of $303m after a [...]
Fast food chain Shake Shack shakes revenue up to $53.3m in third quarter of 2015 results November 5, 2015 Shake Shack has today reported total revenue of $53.3m (£35.1m) for its third quarter of 2015, an increase of 67 per cent from £31.8m from the same period last year. The fast-food chain also revealed net income for the period of $1.5m, up from $0.5m. Commenting on the company’s quarter, Randy Garutti, chief executive officer [...]
Vocalink is reportedly in talks to merge with rival Sia November 5, 2015 Payments infrastructure company Vocalink is reportedly in talks for a £2bn merger with Italian counterpart Sia. According to Sky News the discussions are said to be at a preliminary stage, and could take several months before an agreement is reached. Vocalink declined to comment. VocaLink runs the Faster Payments Service and BACs which handle trillions [...]
First-time buyers need £50k per year to get on the property ladder – GoCompare November 5, 2015 The average UK salary of £22,000 is less than half the average needed to get on the property ladder, research from comparison website GoCompare has found. On average a minimum household income of £50,000 is required, with a 90 per cent mortgage. Unsurprisingly, London was found to be the most unaffordable, with household incomes of [...]
Martha Stewart Living Omnimedia revenue chopped 41pc to $17.5m for third quarter of 2015 November 5, 2015 Revenue for Martha Stewart Living Omnimedia has been almost chopped in half for its third quarter of 2015, dropping 41 per cent to $17.5m (£11.5m) from $29.6m in the same period last year. Despite this, the lifestyle company reported that it had edged closer to the black, with a net loss of $1.5m, compared to a [...]
Handbag designer Kate Spade fashions a net profit of $2.3m for third quarter of 2015 November 5, 2015 Kate Spade & Company revealed today that it had fashioned a net profit of $2.3m (£1.5m) for its third quarter of 2015, up from a net loss of $9.1m for the same period last year. The company, best known for its quirky range of women’s accessories, also announced a rise in net sales to $277m from [...]