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Directors pay


A report by Incomes Data Services (IDS) has revealed that total pay for the directors of the UK's top businesses rose 14% over the past year.


Nationwide results


Nationwide Building Society has announced that pre-tax profits rose to £270m for the six months to the end of September, up from £103m a year earlier.


Burberry sales


Fashion company Burberry have announced six month results that saw them achieve sales of over £1 billion.


Hedge fund industry


Extreme market volatility, adverse global macroeconomic conditions, underperforming markets and low consumer confidence all colluded to create an extremely hostile environment for hedge funds last year.


Sterling shoots higher


Sterling hit session highs against the euro and the dollar Wednesday morning following the release of very strong employment data and an upbeat assessment of the U.K. economy by the Bank of England.


Sainsbury's half-year results


Half-year profits at supermarket giant Saisnbury's were up 9.1% from the same time last year, at £433 million.


Sterling falls


Sterling fell across the board Tuesday morning following the release of consumer price inflation data for October which showed prices increasing at the slowest pace since September 2012.


Vodafone half-year profits


Vodafone have announced a half-year pre-tax profit of £1.5 billion ($2.4 billion).


Flybe: Profits up, jobs down


500 jobs are to go at Exeter-based airline Flybe, this despite a recent return to profits.


IPO investments


Research by Deloitte has found that £1,000 invested in shares in each of this year’s ten IPOs (£10,000) would have returned £13,520 on 31 October 2013. This return is £3,032 more, or seven times greater, than investing the same amount in the FTSE 100 Index at the time of each company’s IPO.


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