News and events
The study, carried out by Company Watch, shows that half of the 22 UK-listed companies with operations in the North Sea are making losses, and that in the last reported 12 months those losses add up to £6.4bn. Read the full article.
The decision by the US Federal Reserve to lift interest rates yesterday by 0.25% considerably increases the chances of the Bank of England raising the UK base rate next year.
Given the likelihood of costlier business debt, Company Watch, the corporate health monitoring firm, has modelled the effects that higher interest rate costs would have on UK companies.
Hundreds of British care homes are facing financial ruin as a result of the Living Wage, with the sector expected to come up against a £500m funding gap next year.
According to data from corporate health specialists Company Watch, costs across the sector could rise by as much as £900m with the introduction of the Living Wage in April. Read full article.
Although collapsing commodity prices have hit mining giants like Glencore, smaller mining stocks have taken as much or even more of a battering, according to new research on the AIM-quoted mining sector from corporate health monitors Company Watch.
To illustrate the impact the mining recession has had on smaller mining stocks, ...Read full release.
Recently, the ALMR (Association of Licensed Multiple Retailers) announced that around half of the UK’s nightclubs had closed their doors since 2005. Company Watch, the corporate health monitors, has now looked at the financial health of the remaining privately‐owned nightclub businesses currently trading. Read more.
Oil giant Shell revealed yesterday that it will axe 6,500 jobs this year, as new figures highlight the extent of cost-cutting throughout the industry.
Shell slashed capital expenditure to around $30bn (£20bn) for 2015, a reduction of $3bn since the group’s last update in April. Read the full article.
Bovis Homes outlined plans to raise its dividend yesterday after building a record number of houses in the first half of the year.
The builder said it intends to increase the interim dividend for this year from 12p a share to 13.7p a share in a boost for investors. Read the full article.
Growing profits have strengthened the house building sector
Company Watch, the corporate financial health monitoring specialist, has examined quoted companies in the house building sector and found that most have strong H-Scores.
Denis Baker, CEO of Company Watch, commented: “With one or two exceptions, the quoted house building sector is in rude good health. Around two thirds of quoted house builders feature in our top quartile, with H-Scores from 75 to 100. Read the full article.
The quoted house building sector, with a few exceptions, is performing strongly, according to new research from corporate health monitors Company Watch. Around two thirds of quoted house builders feature in the Company Watch top quartile, with H-Scores from 75 to 100. The higher the H-Score (out of a maximum of 100) the better its financial health. Read the full release.