Paul's Feed
Mar 3, 2015

Housebuilder Taylor Wimpey shows confidence with dividend hike

LONDON, March 3 (Reuters) – British housebuilder Taylor
Wimpey said it had seen a strong start to the spring
selling season as it posted a 68 percent rise in 2014 profit and
more than doubled its final dividend.

The company said investments in land over the last five
years were enabling it to improve profitability and returns to
shareholders as the market recovered.

Feb 25, 2015

SuperGroup’s finance chief quits after being declared bankrupt

LONDON, Feb 25 (Reuters) – SuperGroup Plc, the owner
of the Superdry fashion brand, said on Wednesday its finance
chief Shaun Wills had quit after being declared bankrupt two
weeks ago.

Wills, who is a qualified accountant, was made the subject
of a personal bankruptcy order on Feb. 10, the company said, but
it did not find out about it until Feb. 24.

Feb 24, 2015

Housebuilder Persimmon posts rise in full-year profit

LONDON, Feb 24 (Reuters) – British housebuilder Persimmon
reported a 44 percent rise in full-year profit on
Tuesday after it sold 13,509 homes in 2014, and said the outlook
for the property market was positive.

Chief Executive Jeff Fairburn said the group’s strong cash
generation meant it would now pay out 95 pence a share to
investors in April rather than July. The payment is part of a
long-term plan to return 6.20 pounds per share of surplus
capital to shareholders in a nine and a half year period.

Feb 23, 2015

Bunzl’s profits, sales growth send shares to record high

LONDON, Feb 23 (Reuters) – Business supplier Bunzl
reported a better-than-expected 11 percent rise in annual profit
on Monday, partly because of an acceleration in revenue growth
at the end of the year, driving its shares to a record high.

The company, which distributes products such as carrier bags
and food packaging, said it expected further growth in 2015,
both in its existing business and from acquisitions.

Feb 20, 2015

“Self-censoring” scandal at newspaper roils UK press landscape

LONDON, Feb 20 (Reuters) – One of Britain’s most storied
newspapers has been accused of self-censoring for commercial
gain, raising awkward questions about a centuries-old press
culture which has prided itself on its no-holds-barred approach
to truth telling.

The 160-year-old Daily Telegraph strongly denied accusations
in a resignation letter by one of its best known writers, who
said the paper had soft-pedalled coverage of a banking scandal
to curry favour with an advertiser.

Feb 15, 2015

HSBC says sorry over past standards at Swiss bank

LONDON (Reuters) – HSBC apologised to customers and investors on Sunday for past practices at its Swiss private bank after allegations that it helped hundreds of clients to dodge taxes.

Europe’s largest bank said in full-page advertisements in British newspapers that recent media coverage that focused on the Swiss operation and financial affairs of some of its clients had been a painful experience and that standards in place today “were not universally in place” in the past.

Feb 15, 2015

Britain’s HSBC says sorry over past standards at Swiss bank

LONDON, Feb 15 (Reuters) – HSBC apologised to
customers and investors on Sunday for past practices at its
Swiss private bank after allegations that it helped hundreds of
clients to dodge taxes.

Europe’s largest bank said in full-page advertisements in
British newspapers that recent media coverage that focused on
the Swiss operation and financial affairs of some of its clients
had been a painful experience and that standards in place today
“were not universally in place” in the past.

Feb 13, 2015

Virgin Media shakes up UK fixed-line market with expansion plan

LONDON, Feb 13 (Reuters) – Cable operator Virgin Media is
building out its network to reach a further four million British
homes, taking the fight to rivals BT and Sky
with its biggest expansion in more than a decade.

Owned by Europe’s largest cable operator Liberty Global
, Virgin Media said on Friday it would spend 3 billion
pounds ($4.6 billion) expanding its network by a third, shaking
up the relatively stable fixed-line industry

Feb 12, 2015

Shire confident on 2015 after NPS deal, binge-eating drug approval

LONDON, Feb 12 (Reuters) – Shire, the drugs company
buying rare disease specialist NPS Pharma, said 2015
had got off to a flying start, marked by its biggest acquisition
to date and the approval of the first drug to treat binge-eating
disorder.

The Dublin-based firm, which is spending $5.2 billion on
NPS, said on Thursday profit would grow by a mid-single digit
percentage this year, after it posted earnings per share of
$2.63, just short of market forecasts, for the fourth quarter of
2014.

Feb 12, 2015

Zoopla takes hit as rival shakes up UK online home search market

LONDON (Reuters) – The owner of Britain’s Zoopla and Prime Location property websites said it had been deserted by thousands of estate agents since the launch of rival portal OnTheMarket, but insisted the new company would struggle to win over home buyers and sellers.

Zoopla Property Group and market leader Rightmove have dominated the British online property search market for years but are now facing a major challenge from OnTheMarket, which launched last month.