Showing posts with label The Telegraph City Briefing.. Show all posts
Showing posts with label The Telegraph City Briefing.. Show all posts

May 11, 2015

The Telegraph City Briefing - May 11, 2015.


 
The Telegraph
Citybriefing 

JAMES TITCOMB 
BUSINESS REPORTER 
 JAMES TITCOMB
TOP OF THE AGENDA
Good morning all. Here's our early look at today's news from the City.
GREECE'S BATTLE WITH EU CREDITORS
Syriza's "war cabinet" of key party leaders endured a marathon nine-hour meeting yesterday, in which Greece's government agreed to stop playing nice and embark on a tougher strategy to win concessions from the country's creditors.
The high-risk strategy comes ahead of the latest meeting of eurozone finance ministers today, and tomorrow's €750m repayment to the International Monetary Fund, the latest in a series of escalating payments.

May 7, 2015

The Telegraph City Briefing on May 7, 2015.


 
The Telegraph
Citybriefing 

JAMES TITCOMB 
BUSINESS REPORTER 
 JAMES TITCOMB
TOP OF THE AGENDA
Good morning. Here's our early look at today's news from the City:
ANOTHER SALES FALL AT MORRISONS
The pain isn't over for the grocer, despite its wide-ranging price cuts over recent months. Like-for-like sales at Britain's fourth-biggest supermarket group fell by 2.9pc in the last 13 weeks, it has said this morning.
David Potts, the former Tesco executive who was put in charge after former boss Dalton Philips was ousted, has offered some hope to shareholders: he says underlying profits will improve in the second half of the year.

May 6, 2015

The Telegraph City Briefing - May 6, 2015.


The Telegraph
Citybriefing 

JAMES TITCOMB 
BUSINESS REPORTER 
 JAMES TITCOMB
TOP OF THE AGENDA
Good morning. Here's our early look at today's news from the City:
SAINSBURY'S SUFFERS FIRST LOSS IN A DECADE
Not since former chief executive Justin King kicked off a turnaround plan in 2005 has Britain's third-largest supermarket lost money, but sweeping changes are hitting Britain's big grocers, and Sainsbury's has now joined Tesco in posting a red bottom line.

May 5, 2015

The Telegraph City Briefing - May 5, 2015.


 
The Telegraph
Citybriefing 

JAMES TITCOMB 
BUSINESS REPORTER Follow James on Twitter
 JAMES TITCOMB
TOP OF THE AGENDA
Good morning and welcome back. Here's our early look at today's news from the City:
LABOUR'S £200BN CARBON BOMBSHELL
A part of Ed Miliband's manifesto that has seen little coverage, but may be immensely damaging to the economy, is Labour's pledge to remove carbon from the nation's electricity supply.
According to a Telegraph analysis backed up by independent energy experts, this could cost more than £200bn to achieve, although some people believe the true cost could be much more.

Apr 30, 2015

The Telegraph City Briefing - April 30, 2015.


 
The Telegraph
Citybriefing 

ANNA WHITE 
PROPERTY CORRESPONDENT 
 ANNA WHITE
TOP OF THE AGENDA
Good morning. Here's our early look at today's news from the City:
RBS HIT BY MISCONDUCT CHARGES
The bailed-out bank set aside £850m for foreign exchange and mis-selling fines but posted a 16pc increase in profits for Q1. 

Apr 29, 2015

The Telegraph City Briefing - April 29, 2015.


 
The Telegraph
Citybriefing 

JAMES TITCOMB 
BUSINESS REPORTER 
 JAMES TITCOMB
TOP OF THE AGENDA
Good morning. Here's our early look at today's news from the City:
BARCLAYS BILL FOR CURRENCY RIGGING RISES TO £2BN
The cost of the foreign exchange scandal continues to rise: Barclays has put aside another £800m today, which means it has now set aside more than £2bn for fines which are yet to come.
The extra provision overshadows an improvement in underlying performance, with the bank's adjusted profits climbing 9pc.

Apr 27, 2015

The Telegraph City Briefing - April 27, 2015: April 27, 2015


 
The Telegraph
Citybriefing 

JAMES TITCOMB 
BUSINESS REPORTER Follow James on Twitter
 JAMES TITCOMB
TOP OF THE AGENDA
Good morning all. Here's our early look at today's news from the City.
SMALL BUSINESSES GIVE BACKING TO TORIES
The final full week of campaigning kicks off today, with a letter to the Telegraph from 5,000 businesses praising the Conservatives and warning against Labour.
"This Conservative-led Government has been genuinely committed to making sure Britain is open for business," the letter reads. It comes as Ed Miliband proposes scrapping stamp duty for some first-time buyers. 

Apr 23, 2015

The Telegraph City Briefing - April 23, 2015.


 
The Telegraph
Citybriefing 

JAMES TITCOMB 
BUSINESS REPORTER 
 JAMES TITCOMB
TOP OF THE AGENDA
Good morning. Here's our early look at today's news from the City:
PROFITS FALL AT WILLIAM HILL
Britain's biggest bookie is feeling the effect of the Treasury's raid on the industry: operating profits fell 19pc due to additional costs from gambling consumption taxes in the first quarter of the year.
Hills also blamed its worst ever week in January, caused by punter-friendly football results, for the fall in profits.

Apr 22, 2015

The Telegraph City Briefing - April 22, 2015.


 
The Telegraph
Citybriefing 

JAMES TITCOMB 
BUSINESS REPORTER 
 JAMES TITCOMB
TOP OF THE AGENDA
Good morning. Here's our early look at today's news from the City:
TESCO'S BIGGEST LOSS IN ITS HISTORY
It's even worse than we feared: Tesco has reported a £6.4bn annual loss, the worst in its 96-year history, after the retailer's sales slumped and an accounting scandal emerged.
Tesco registered impairment charges of £7bn, including a £4.7bn property writedown, while like-for-like sales fell 3.6pc, all contributing to a more dismal loss than analysts were expecting.

Apr 21, 2015

The Telegraph City Briefing - April 21, 2015.

The Telegraph
Citybriefing 

JAMES TITCOMB 
BUSINESS REPORTER 
 JAMES TITCOMB
TOP OF THE AGENDA
Good morning. Here's our early look at today's news from the City:
SUPERMARKETS GET SUPER-COMPLAINT
The buy-one-get-one-free deals you see on Britain's supermarket shelves are not so super, the consumer body Which? has said, lodging a complaint with the competition regulator.
Which? claims retailers are "manipulating consumer spending by misleading people into choosing products they may not have chosen if they knew the full facts". More here

Apr 17, 2015

The Telegraph City Briefing - April 17, 2015.


 
The Telegraph
Citybriefing 

ANNA WHITE 
PROPERTY CORRESPONDENT 
 ANNA WHITE
TOP OF THE AGENDA
Good morning. Here's our early look at today's news from the City:
GREECE IS BEING STRANGLED BY "LIQUIDITY ASPHYXIATION" 
Grexit dangers mount as the country's finance minister tells its creditors in Washington that it's suffering from "liquidity asphyxiation.

Apr 16, 2015

The Telegraph City Briefing - April 16, 2015.


 
The Telegraph
Citybriefing 

ANNA WHITE 
PROPERTY CORRESPONDENT 
 ANNA WHITE
TOP OF THE AGENDA
Good morning. Here's our early look at today's news from the City:
SAINSBURY'S TO CONVERT SUPERMARKETS INTO HOMEWARE SHOPS 
Sainsbury's plans to transform space the equivalent to 40 supermarkets into non-food stores, to stem falling sales and fight the discount and online grocers.

Apr 15, 2015

The Telegraph City Briefing - April 15, 2015.


 
The Telegraph
Citybriefing 

JAMES TITCOMB 
BUSINESS REPORTER 
 JAMES TITCOMB
TOP OF THE AGENDA
Good morning. Here's our early look at today's news from the City:
CHINA GROWTH SLOWDOWN
After years of spectacular growth, the world's second-biggest economy is in the midst of a relative slowdown, with first-quarter growth at its weakest in six years.
The 7pc annualised rate, while still much faster than most of the world, missed expectations, and may mean a new bout of stimulus from China's central bank. More here

Apr 14, 2015

The Telegraph City Briefing- April 14, 2015.


 
The Telegraph
Citybriefing 

JAMES TITCOMB 
BUSINESS REPORTER 
 JAMES TITCOMB
TOP OF THE AGENDA
Good morning. Here's our early look at today's news from the City:
LABOUR'S 'QUICK FIXES'
It's the Tories' turn to launch their manifesto this morning, and they'll hope for a bigger vote of confidence from the business world than Labour received yesterday.
Experts said Ed Miliband's plans were full of "quick fixes" for the public finances that could be damaging

Apr 13, 2015

The Telegraph City Briefing - April 13, 2015.


 
The Telegraph
Citybriefing 

JAMES TITCOMB 
BUSINESS REPORTER 
 JAMES TITCOMB
TOP OF THE AGENDA
Good morning all. Here's our early look at today's news from the City.
POUND CHAOS IN ELECTION RUN-UP
Polls are continuing to show a deadlock, and that's bad news for the strength of sterling in the run-up to next month's vote, experts have warned.
Official figures could show the UK tipping into deflation this week, but analysts say election uncertainty is a bigger worry for the pound, potentially causing another "Lehman moment". More here

Apr 10, 2015

The Telegraph City Briefing - April 10, 2015.


 
The Telegraph
Citybriefing 

JAMES TITCOMB 
BUSINESS REPORTER 
 JAMES TITCOMB
TOP OF THE AGENDA
Good morning. Here's our early look at today's news from the City:
FOREIGNERS SLASH UK DEBT EXPOSURE
The UK's low borrowing costs are being threatened by possible electoral gridlock and Britain's dangerous current account deficit, with foreign investors getting rid of gilts at a rate even faster than during the financial crisis.
The sell-off, deemed a "buyers' strike", could send UK borrowing costs up if it continues to snowball amid a hung parliament

Apr 8, 2015

The Telegraph City Briefing - April 8, 2015


 
The Telegraph
Citybriefing 

JAMES TITCOMB 
BUSINESS REPORTER 
 JAMES TITCOMB
TOP OF THE AGENDA
Good morning. Here's our early look at today's news from the City:
£47BN SHELLED OUT FOR BG GROUP
Big oil is getting bigger: Royal Dutch Shell has agreed a cash and share offer for BG Group, the UK's third-biggest oil company, that values it at £47bn.
BG has been seen as a takeover target since the oil price began to slide last year, forcing it into a full-year loss. The deal will be one of the biggest this year. 

Apr 7, 2015

The Telegraph City Briefing - April 7, 2015.



 
The Telegraph
Citybriefing 
TOP OF THE AGENDA
Good morning. Here's our early look at today's news from the City:
FEDEX BUYS EUROPEAN RIVAL TNT
The €4.4bn cheque is in the post: America's FedEx has agreed to buy the Dutch logistics giant, just two years after European regulators blocked UPS's €5.2bn takeover.
The takeover offer, which is a third higher than TNT's previous closing price, will see FedEx vastly increase its footprint in Europe if it goes through.

Apr 1, 2015

The Telegraph City Briefing - April 1, 2015.

The Telegraph
Citybriefing
TOP OF THE AGENDA

Good morning. Here's our early look at today's news from the City:
BUSINESS LEADERS SPEAK OUT AGAINST LABOUR
A hundred executives have signed a letter that appears on the front of this morning's Telegraph, urging voters to weigh up the business track record of the Conservatives against a "change in course" that would "put the recovery at risk".
The endorsement can be read here, with live reactions over here in our live election coverage.

Mar 31, 2015

The Telegraph City Briefing - March 31, 2015.


 
The Telegraph
Citybriefing

TOP OF THE AGENDA
Good morning. Here's our early look at today's news from the City:
KINGFISHER TO CLOSE ONE IN SIX B&Q STORES
B&Q will close 60 stores in the UK and downsize a further six as its owner Kingfisher grapples with a dwindling DIY market.
Annual sales at the FTSE 100 company fell 1.4pc to £10.97bn and pre-tax profits were 15pc lower. Graham Ruddick reports.

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