PMI: UK construction growth accelerates again in August thanks to cheaper energy September 2, 2015 The UK’s construction sector expanded at a faster pace in August, according to survey data released today. Markit’s construction purchasing managers’ index ticked up to a score of 57.3 from July’s 57.1, moving further above 50 “no change” mark. Higher levels of business activity have now been recorded in every month since May 2013 – although [...]
Amazon to open tenth UK fulfilment centre in Doncaster September 2, 2015 Amazon is creating over 300 new jobs as the internet retailer plans to open its tenth fulfilment centre in the UK this autumn. The company has chosen Doncaster as the location for its new 250,000 sq ft warehouse, which will be the second fulfilment centre in the city, as a first one opened in 2010. [...]
Halfords share price plummets on poor summer bike sales September 2, 2015 Shares in car and bike maintenance retailer Halfords fell more than 7.7 per cent to 470.6p in early trading, after this summer's soggy weather hit its bicycle sales. The figures Like-for-like sales at the company dropped 1.3 per cent in the eight weeks to the end of August – although for cycling specifically the fall was 11 [...]
Revealed: the European funds hit hardest by last week’s market turbulence September 2, 2015 The funds suffering the biggest losses after last week’s global stock market chaos have been revealed, as FE Trustnet data shows the European fallout from last week's market turbulence. The worst-performing fund was Aberdeen Global European Equity Ex UK, which gets the unflattering crown after it suffered a 6.19 per cent loss over the month [...]
Asos share price falls as etailer confirms Nick Robertson to leave after 15 years; Nick Beighton to take reins September 2, 2015 Asos' share price tumbled this morning as the etailer confirmed boss Nick Robertson is stepping down as chief executive of the company he founded 15 years ago. Chief operating officer Nick Beighton will take on the reins with immediate effect. Robertson will stay on as a non-executive director. Beighton has been at Asos [...]
Snoozebox sees loss widen but revenues jump September 2, 2015 Snoozebox reported widening losses in the first half of the year, but insisted its turnaround plans were on track after revenues beat expectations. The portable hotel chain, which provides temporary accommodation for events such as the British Grand Prix, has had many a sleepless night since floating on Aim in April 2012. Less than a [...]
Mortgage lending increases on low interest rates and rising UK house prices September 2, 2015 The housing market is picking up, with homeowners looking to remortgage to take advantage of low interest rates and unlock some of the climb in property prices. The number of approvals for home purchases was 68,764 in July, compared with an average of 64,186 over the past six months. Approvals for remortgages were 38,042, also [...]
Black Cabs are offering cut-price off-peak fares to take on Uber September 2, 2015 London’s Black Cabs have launched a fightback against Uber and other app-based taxi services by offering cut-price, off-peak fares for journeys over six miles. The new prices will be up to 30 per cent lower than metered fares and can be booked through an app from Gett, an Israeli startup backed by Russia-born billionaire Len [...]
Transfer window 2015: Weak euro saves Premier League clubs up to £85m during record summer of blockbuster signings September 2, 2015 Premier League clubs may have splashed out a record £817.7m on new players this summer, but the strength of the pound means they have saved around £85m when raiding European rivals for star talent. This time last year, a pound could be exchanged for around €1.25, but for much of this summer it traded above [...]
Asos founder Nick Robertson steps down as boss September 1, 2015 Asos founder and boss Nick Robertson is expected to announce his departure from the top job at the fashion website this morning. Read more: Asos goes from annus horribilis to the height of fashion Robertson who set up the company, one of the UK’s most high-profile tech success stories in 2000, has told the board he [...]