Business

New Zealand tops global list for house price rises

New Zealand, Turkey and Canada have seen the biggest leap in house prices over the past year, according to a new global ranking. Estate agents Knight Frank found property markets in the three countries grew between 10% and nearly 14%. While New Zealand comes in second after Turkey, it tops the list once the impact of inflation is stripped out. ... Read More »

5 Badass Ways to Fund Your Business Idea

When we look at the forums of business, one and most common question we can find is “Where should i get funds for my business?” Fact is, it’s not that easy to get funds for any business just because a individual has an innovate idea. Waiting for someone who can fund your idea is also futile. Thus it is always ... Read More »

Marks & Spencer to cut 500 head office jobs, report claims

Marks & Spencer is to cut 500 head office jobs as the retail company’s chief executive attempts to fight losses, Sky News has reported. M&S is to reportedly jettison roughly 15 per cent of its Paddington offices in London. Shop-floor staff are not expected to be affected. Quoting unnamed sources, Sky News said the cuts would be announced on 8 September, ... Read More »

Southern Rail owner profits hit £100m one day after £20m government ‘bailout’

The company which jointly operates the troubled Southern railfranchise, has seen full-year profits soar 27 per cent to almost £100 million, just one day after the Government handed Southern a £20 million “bailout” package. On Thursday transport secretary Chris Grayling said the funds would help Southern “get to grips” with the delays and disruption which have caused months of misery for commuters. Go-Ahead ... Read More »

Yum to sell a stake in its Chinese holdings

Yum Brands is selling a stake in its Chinese division to Primavera Capital and Ant Financial as the company prepares to separate the Chinese unit from the main business. Primavera Capital, will pay $410m (£308m) and Ant Financial, an affiliate of Alibaba, will invest $50m. The new investors will have the option to buy an additional 4% stake. Yum, the ... Read More »

Carrots cut into Campbell Soup profit

Campbell Soup has reported lower profits and called the performance of Campbell Fresh ‘disappointing’. Higher carrot prices and the decision to harvest its carrot crop early led to a smaller crop that disappointed customers, Campbell said. The soup giant said earnings fell by 2% to $253m (£190m) in the company’s fourth quarter. Campbell Fresh, the packaged fresh food division, suffered ... Read More »

Amazon and Starbucks pay less tax than sausage stall, says Austria

Amazon and Starbucks pay less tax in Austria than a local sausage stall, the country’s Chancellor Christian Kern has said in a newspaper interview. “Every Viennese cafe, every sausage stand pays more tax in Austria than a multinational corporation,” Mr Kern told Der Standard. “That goes for Starbucks, Amazon and other companies,” he said. He added that EU countries with ... Read More »

WMT appoints second partner in three months

WMT is continuing its recent growth spell with the appointment of Paula Jeffs as Private Client Partner. This is the firm’s second partner appointment in three months. Paula worked for WMT as a senior private client adviser between 2007 and 2013 and has returned to lead its personal tax team, which has expanded steadily over the last two years. A ... Read More »

Australia says committed to Britain free trade deal

Australian Prime Minister Malcolm Turnbull said on Sunday his country and Britain were both very committed to having an early free trade agreement after Britain leaves the European Union. “Prime Minister May and I are very committed to having an early free trade agreement put in place so that when Britain leaves the EU, we have very open markets between ... Read More »

Obama quashes prospect of fast-track Brexit UK-U.S. trade deal

U.S. President Barack Obama offered Britain little hope of a fast-track post-Brexit trade deal on Sunday, but said he would work to ensure the economic relationship between the two does not unravel after the British vote to leave the European Union. Obama met with British Prime Minister Theresa May at the start of a G20 summit in China as Britain ... Read More »