News archive from 22 November 2017, page 6

Catering giant Compass Group serves up a healthy 18% profit rise thanks to buoyant North American business

Compass Group has served up a healthy 18 per cent rise in its full-year profit to end 2017 on £1.6 billion. In the 12 months to the end of September, the catering group reported a 15 per cent increase in its revenue to £22.6 billion, with growth...

 

Introducing Tencent, the Chinese website that's grown bigger than Facebook with a staggering £391bn market...

China's social media platform Tencent has become bigger than its more famous US rival Facebook. It is the first firm in China to surpass the $500 billion valuation mark and in the process overtook Mark Zuckerberg’s site. An unfamiliar name in the...

 

Aston Martin takes on Porsche with the launch of its £120,000 Vantage - which CEO Andy Palmer says will be...

Aston Martin has launched a £120,000 195 mph two-seater designed to take on German car maker Porsche’s 911. The James Bond car maker is hoping the Vantage will propel it towards its first pre-tax profit since 2010. It also moves its recovery plan up a...

 

Shamed: The firms that charge you up to 3% to pay by credit card... even though ministers say the fees are...

Dozens of travel companies, insurers, car dealers and even local councils are charging rip-off fees for paying by credit card - even though the Government says this is unacceptable. A Money Mail investigation found customers are having to fork out as...

 

How the super rich in London pay LESS council tax than a family in Wiltshire... and why the view through...

When the last of their four children moved out of the family home in 2014, Jeremy and Amanda Lucas knew it was time to downsize. They found a quaint two-bedroom cottage perched on a hill overlooking Hastings, the seaside town where their children had...

 

Victory! Five years after Money Mail told forklift driver David's story about mis-sold annuity, Prudential...

A fork-lift driver who was deprived of a fifth of the pension he deserved has finally won compensation - five years after his complaint was fobbed off. It is the first evidence that savers who were sold shoddy annuity deals are getting payouts when...

 

ASK TONY: Should I take my delayed state pension as lump sum or a bigger income?

In November 2014, on reaching 65, I deferred receiving my state pension. With the government scheme promising a return of 10.4 per cent on the accumulated amount and a weekly pension, it seemed a ‘no-brainer’. I am also receiving a local education...

 

Nationwide's new lifetime mortgage could set customers up to £8k more than the cheapest deal

Nationwide customers who take out its new lifetime mortgage could end up paying £8,000 more than the cheapest deal. The building society last week launched a deal letting borrowers aged 55 to 84 release cash from their home without having to make...

 

How to profit from the rise of cashless shopping by investing in digital payment companies

They say cash is king - but for how much longer? Shoppers are increasingly ditching notes and coins for tap-and-go payment cards and smartphones. Some countries, such as Sweden and Canada, are quickly turning into so-called cashless economies, where...

 

Screwfix success offsets weak performance at B&Q and across France for DIY group Kingfisher

Kingfisher has said it remains on track to meet full-year profit targets as strong growth at its Screwfix business helped offset falling sales at B&Q and a weak performance in France. The group notched up a 3 per cent rise in total sales to £3...

 

MARKET REPORT: Temporary power provider Aggreko sees £276m wiped off its value as overseas sales slump

Shares in Aggreko ran out of power yesterday after it admitted business had been hit by late customer payments and weak trading in one of its divisions. The company, which is the world’s biggest temporary power provider, reported a 15 per cent plunge...

 

Superhero kids help Peppa Pig-owner Entertainment One boost earnings by 36% to £51m

A heroic performance from kids’ TV Show PJ Masks has boosted earnings at Peppa Pig-owner Entertainment One in the first half of 2017. Earnings at the television and film production company jumped by 36 per cent to £51 million in the six months to the...

 

All out war grips the Stock Exchange: Drama escalates as LSE chairman is accused of threatening departing...

The power struggle gripping the London Stock Exchange escalated last night after a leading investor accused the company of mistreating departing chief executive Xavier Rolet. In a furious letter to chairman Donald Brydon, Sir Chris Hohn - founder of...

 

Dutch and French digital security firms vie to print Britain's post-Brexit passport minus the EU logo

Dutch and French digital security firms are bidding against Britain’s De La Rue for the right to print Britain’s first post-Brexit passport. When the UK leaves the European Union it will need a passport that does not display the EU logo. While the...

 

Despite Dame Carolyn McCall's departure EasyJet shares fly by 5% as 'a break in the clouds' emerges

Easyjet profits nosedived yesterday as the budget airline prepared to bid farewell to chief executive Dame Carolyn McCall. Earnings fell 17 per cent to £408 million as the carrier was hurt by poor exchange rates and higher running costs. However...

 


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