Monthly Archives: October 2015

Investors circle around Channel 4 as privatisation draws interest

Discovery is a joint owner of one of Channel 4’s biggest programme suppliers Channel 4 and its larger, wealthier audience could be more attractive to Discovery. Ownership of free terrestrial channels has formed a key part of Discovery’s expansion strategy […]

George Osborne ‘risks huge storm’ if he scraps pension tax relief

Under the current system, savers get tax relief based on their rate of income tax for money they set aside for retirement in a bid to encourage more long-term saving. The money is later taxed when it is taken out […]

Morrisons to post another drop in sales despite price cuts

Shore Capital, the firm’s house broker, has forecast a 2.25pc drop in same-store sales ahead of Morrisons’ update on Thursday, while Jefferies has forecast a 2.1pc fall, “impacted by a sharp reduction in vouchering and high levels of deflation”, despite […]

Metro Bank could scrap plan for £1.5bn float

“I need to go around and talk to people that own the stock now, and see whether they’re more interested in another round of private or to do a float … we just have to test the waters.” A float […]

Engineering giants warn over changes to research funding

Engineering and technology companies fear this could drive away investment from the UK to other countries with more support regimes. The chief executive of one of Britain’s biggest engineering groups cautioned against introducing loans, saying: “It sends a clear message […]

Dollar headwinds and diabetes setback to weigh on AstraZeneca

With Crestor, its single biggest drug, facing fierce generic competition next year, Neil Campling, of Aviate Global, said: “Astra will see no growth through 2015 and 2016.” Most recently, the Food and Drug Administration declined to approve its diabetes drug […]

Clothing sales fall leaves M&S revival looking a little ragged

Jonathan Pritchard at Peel Hunt said if M&S reports a fall in clothing sales “it will be a quite breathtaking indictment of its ranges this season” as the weather was more favourable than last year’s. A slip in sales would […]

Bank of England’s ‘hawks’ set to emerge as hour of interest rate rises draws closer

Some members of the MPC believe that the Bank should get ahead of the curve, and start the process of gradually raising rates sooner. The Bank is likely to forecast that price growth will overshoot its 2pc target by the […]

Meet the fruit crisp maker taking on the potato chip

After years of small-scale production, Ms Raja has built a new manufacturing facility in Sittingbourne, Kent, to take her crisps to the mass market. She raised £300,000 from Business Growth Service, the manufacturing organisation, to install the machinery required to […]

Greek banking system needs €14.4bn to survive after ECB finds capital black hole

The final deadline to resolve the banks has been set for the end of the year to avoid private sector shareholders and depositors from being hit under new EU-wide “bail-in” laws that could see them foot the bill for part […]