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The Markets
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The Markets
by Proactive
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The Markets
by Proactive
Proactive UK has moved.
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Friday’s most followed, including Greece, Vatican accounts, Google and Dixons Carphone

It wasn't just Greece in focus, The UK interest rates were also a big topic

The potential of a UK interest rate rise, Vatican accounts. Google and Greek panic buying of TV's and white goods was among the eclectic mix of topics attracting hits on Friday.

Governor of the BoE, Mark Carney took some by surprise last night, when he hinted at a gradual rate rise starting possibly at the end of 2015.

The rate, which will affect savers and borrowers for different reasons, has been at bargain basement levels of 0.5% for six years, but things could start to change now, as the economy strengthens. Carney has said he expects rates to rise to around 2% over three years.

The super power that is search engine Google keeps on growing it seems, with first quarter profits rising 17% boosted by an 11% surge in revenues, it reported last night.

Popular YouTube and its mobile offferings were highlighted as big contributors to the gain, while advertising was significant as Google gets paid per click by user on an ad.

Also today, the Vatican accounts were under the spotlight.

Under new reporting procedures, an eye watering €1bn of net assets of the Holy See have been reported that had never been disclosed before. It comes after Australian cardinal Pell was tasked with cleaning up the books.

The 2014 budget reports were the first financial statements to follow sweeping new procedures began in March this year.

A big company news story today came from online gambling group 888 Holdings (LON:888), whose shares rose 7.66% to 172.25p after it finally won the long-running takeover battle for rival Bwin.party in a deal valued at about £898mln.

One man in good cheer as the week ends is likely to be Burberry (LON:BRBY) boss Christopher Bailey, after shareholders backed his pay packet at the annual meeting yesterday after a revolt last year.

For the 2014-15 financial year Bailey received £7.9mln, including a salary of £1 million and £4.4 mln from a long-term incentive plan.

Last year, 53% of the votes rejected the remuneration report because of Bailey's pay award.

F inally, Dixons Carphone (LON:DC.), the electrical giant said sales in Greece of TV's and other big ticket items had taken off in its Greek stores since the cash crisis began. It's because customers are desperate to turn their cash into fixed assets.

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