Budget 2014 Highlights
The Government certainly pulled an enormous unexpected Rabbit out of that hat yesterday with a series of unparalleled pension reforms. There was also good news for savers with a more than anticipated boost to the annual ISA allowance. Pensions Highlights Immediate changes: Capped drawdown – increase the maximum you are able…
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Lloyds PPI Bill rises to Nearly £10bn
Lloyds Banking group’ PPI costs now total a potential £9.8bn, this compares to the bill for all banks which is approaching £20bn. Lloyds’ is still owned 32.7% by the tax payer but the government has plans to return to private ownership by the next general election. Share in Lloyds fell…
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Tags: , Lloyds Banking group, PPI
Market Update
Compass Group PLC (CPG.LN), a food and support services company, said expectations for its full-year performance remain positive and unchanged. It forecast organic revenue growth for the full year ending Sept. 30 at constant currency of just over 4%, driven by new business wins, good retention rates and modest inflationary…
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Tags: , Balfour Beatty, Compass Group, Ladbrokes, TUI Travel, Tullow Oil
The London Stock Exchange Group
said that it performed well in the five- month period to Aug. 31, adding that the capital issuance pipeline has been encouraging.
Company Sales Growth
Sales growth at Burberry PLC (BRBY.LN) accelerated in the first quarter, spurred by its Spring/Summer collection and sales in Hong Kong and China where the group is outperforming its peers despite a broader pull back in the luxury sector. ICAP PLC (IAP.LN), said that the encouraging start to the financial…
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Tags: , Barratt Development, Burberry
