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David Burrows

For more than 25-years, Dave has written for a wide range of newspapers and broadcasters including The Times, The Financial Times, The Independent, The Wall Street Journal, Reuters and Sky News. Previously nominated as National Financial Media Journalist of the Year, Dave specialises in investment features and business profiles.

Articles by David Burrows Page 44

Car accident
Sabre Insurance intends to launch London IPO

Sabre Insurance Group has announced its intention to launch an initial public offering on the London Stock Exchange.

David Burrows10:29, 13 November 2017
High street shops
UK store closure rates fall but trend is still downward

The number of high street shops closing may be dropping to the lowest rate since 2010, but it still equates to 14 store closures a day.

David Burrows09:32, 13 November 2017
John Laing
John Laing fund sees 5% growth in portfolio value

John Laing, the international infrastructure investment company, latest trading statement, shows an underlying growth in portfolio value for the nine months to 30 September 2017 of 5.5% to £1,227.8m, on a rebased value of £1,163.8m.

David Burrows08:39, 13 November 2017
Hong Kong
Beijing decision on foreign ownership rules boosts HK shares

China’s blue-chip index extended its rally boosted by Beijing’s move to lift foreign ownership limits on financial firms.

David Burrows07:42, 13 November 2017
Big three reports will show extent of UK housing slowdown

A clearer picture on the perceived slowdown of the UK’s property market will emerge next week when three of the biggest housebuilders report their latest figures.

David Burrows10:32, 10 November 2017
Pound coin
Little cheer for sterling as bad news continues to suppress value

Sterling consolidated losses today as uncertainty over the progress of negotiations for the UK’s departure from the EU continued to put pressure on the currency.

David Burrows09:38, 10 November 2017
Plumbing equipment
Ferguson agrees to offload Stark Group for £885m

Plumbing supplier Ferguson has agreed to sell its Nordic building materials business to US private equity firm Lone Star Funds for £885m.

David Burrows09:05, 10 November 2017
Financial calculation
Capita to pay up to £66m to investors in Connaught Income Fund

The Financial Conduct Authority (FCA) has told Capita Financial Managers (CFM) it must pay up to £66m to investors who suffered loss as a result of investing in the Guaranteed Low Risk Income Fund, Series 1 (or as it became later known, the Connaught Income Fund), which is now in liquidation.

David Burrows07:36, 10 November 2017
Inmarsat in London
Inmarsat revenues up but shares slip in challenging market

Inmarsat, the mobile satellite communications services provider, has reported a 5% increase in third quarter revenues to $16.4m.

David Burrows11:10, 9 November 2017
Hefty rise in costs see Flybe profits nearly halve

Low-cost, regional airline Flybe has reported half-year profits down almost a half (47%). The company said the slump in profits was down to higher-than-expected aircraft maintenance and IT costs.

David Burrows09:00, 9 November 2017
Adidas logo
Strong profit growth for Adidas as it scores well in US and China

German sportswear group Adidas has reported another strong quarter of sales and profit growth. The positive numbers have been driven by the company’s expansion in China and the US, where it has been taking market share from its major rival Nike.

David Burrows07:44, 9 November 2017
Siemens logo
Siemens reports weaker than expected profits and confirms healthcare IPO

German engineering group Siemens reported a worse-than-expected 10% drop in industrial profit for its fiscal fourth quarter as its large gas turbines unit struggled with price pressure and over capacity.

David Burrows07:23, 9 November 2017
Invalid paperwork latest twist in Johnston Press boardroom battle

The board room power battle at Johnston Press, which owns the Scotsman and Yorkshire Post, has taken another twist. A demand from the company’s biggest investor for a shareholder vote on a boardroom shake-up has been rejected on the grounds that the paperwork submitted was “invalid”.

David Burrows10:41, 8 November 2017
Electricity meter
Ofgem welcomes SSE’s £65m contribution to consumers

Ofgem, the electricity and gas regulator, has welcomed the announcement from Scottish and Southern Electricity Networks (SSEN), the electricity networks division of SSE plc, that it will make a voluntary contribution of £65.1m to consumers.

David Burrows09:41, 8 November 2017
Snap chat logo
Share price slides after Snap's huge revenue miss

Social media company Snap’s third quarter report makes pretty grim reading. The company posted a net loss of $443.2m.

David Burrows07:27, 8 November 2017

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