Panmure Gordon share price: Greece and China chaos hit Panmure profit September 30, 2015 Panmure Gordon announced yesterday it had made a loss of £200,000 in the six months to 30 June, compared with profits of £2m in the same period last year. Despite an increase in clients, and a six per cent rise in commission and trading income, to £5.7m, the investment bank reported a loss per share [...]
Bank of England governor Mark Carney warns of financial risk posed by climate change September 29, 2015 Bank of England (BoE) governor Mark Carney has warned the City of climate change's threat to economic stability. Read more: Tackling climate change is possible without hindering economic growth Carney used a speech at a Lloyd's of London dinner to give a stark warning of the huge risks to financial security posed by global warming. [...]
RBS mulls buying back shares to cut government stake September 29, 2015 RBS is considering buying back its own shares to help the UK government whittle down its 73 per cent stake more quickly, according to the bank's boss. "I would rather participate as the government is selling down … I think it's probably the best thing for all investors, where excess capital goes back through buy-backs," [...]
Glencore share price slips back while reports suggest it held a secret meeting with investors September 29, 2015 Embattled Glencore reportedly held a secret meeting with an influential investor trade body yesterday, over the commodities miner and trader's £1.6bn share placing earlier this month. A meeting took place between the Investment Association – whose members manage £5.5 trillion of client assets – and John Burton, Glencore's company secretary, according to Sky News. The summit focused [...]
Wolseley share price falls as it cuts outlook for revenue growth September 29, 2015 Shares in Wolseley slumped 10.7 per cent to 3,730p per share after the plumbing and heating group slashed its outlook for revenue growth this morning. Wolseley said it expected to generate like-for-like revenue growth of about four per cent in the six months to January 2016, down from a six-month forecast of six per cent it [...]
UK retail sales beat forecasts in September, reports Confederation of British Industry September 29, 2015 UK retail sales grew at a faster pace than expected in the year to September, with firms expecting business to pick up pace in the run-up to Christmas, research shows. Of the 119 firms polled by the Confederation of British Industry (CBI) distributive trades survey, 55 per cent expect sales volumes to increase in the [...]
Flash sale site MySale reports a £5.2m loss September 29, 2015 MySale, the Australian flash sale website, yesterday said sales during the year to 30 June had increased five per cent to AU$235.9m (£109.2m). Carl Jackson, chief executive of MySale Group, said the loss was due to a “number of tactical issues with the product mix, excessive postage-led promotions and too much marketing budget spent on [...]
Eurozone confidence hits four-year high as Greece worries diminish September 29, 2015 Economic confidence in the Eurozone hit its highest point in over four years this month, according to data released by the European Commission. The bloc's Economic Sentiment Indicator (ESI) reached 105.6 points in September – an increase of 1.5 points from August's figure of 104.1. This puts confidence in the economy at its highest [...]
End of the world’s biggest ever credit boom means there will be more “Glencores” ahead September 29, 2015 It’s the great unwind show. Admittedly, Glencore’s latest problems may run deeper and look more specific, but together with Vale and Rio, the other great international mining houses plus their suppliers, like America’s Caterpillar, all are suffering the fall-out from the end of the world’s biggest ever credit boom. Oil is testing recent lows and [...]
BHP Billiton: Our earnings will double in the next 15 years, no matter what climate change measures are put in place September 29, 2015 BHP Billiton is optimistic about the future, no matter what climate change prevention strategies governments put in place over the next 15 years. In its climate change portfolio analysis released today, the coal mining company, which is the world's largest by market capitalisation, said it expects its gross earnings to double by 2030 under all [...]