Nathan Bissitt, Author at Business Ideas UK

Articles

Crowded island

ByNathan BissittOctober 27, 2017

An explosion in tourism saved Iceland’s economy. But in a country of just 300,000 people, how much tourism is too much?It’s a cold, overcast and blustery day in Iceland, but that hasn’t put off the busloads of tourists at the Blue Lagoon – one

Articles

JC Penney shares slump after outlook cut

ByNathan BissittOctober 27, 2017

US department store chain JC Penney’s shares closed down 14.7% in early trading after it cut its full-year profit outlook sharply.The retailer said adjusted earnings per share would now be two to eight cents instead of 40 to 65 cents.It also said it expected not

Articles

Wall Street: Tech firm surge pushes US markets higher

ByNathan BissittOctober 27, 2017

Investors piled into technology giants such as Amazon, Alphabet and Microsoft on Friday, driving the tech-heavy Nasdaq to one of its biggest one-day jumps this year.The gains came after the firms’ quarterly results blew past forecasts.The Nasdaq surged 2.2%,

Articles

FTSE 100 up despite IAG shares sliding 7%

ByNathan BissittOctober 27, 2017

London’s main index closed higher as investors snapped up shares in the Royal Bank of Scotland after the lender swung into profit.The FTSE 100 ended 0.25% ahead at 7,505 points, with RBS 1.7% better.British Airways owner IAG was the biggest faller, down 7%

Articles

US economy grows faster than expected in third quarter

ByNathan BissittOctober 27, 2017

The US economy expanded at an annual pace of 3% during the three months to the end of September, which was stronger than expected. The growth extended the robust activity reported in the previous quarter, when US GDP grew at an annual pace of 3.1%.Analysts had been

Articles

PFI: five firms avoid tax despite £2bn profits, BBC learns

ByNathan BissittOctober 27, 2017

Five offshore PFI companies paid little or no corporation tax during a five-year period despite making profits of nearly £2bn, the BBC has learned.The five companies specialised in lending money through Private Finance Initiatives (PFI).They own hundreds of public

Articles

Oil price tops $60 for first time since 2015

ByNathan BissittOctober 27, 2017

The price of a barrel of oil has topped $60 for the first time in more than two years on rising expectations of a renewed deal to cut supplies. Brent crude reached its highest level since July 2015 amid signs that oil-producing countries will extend efforts to combat

Articles

US economy shrugs off impact of hurricanes

ByNathan BissittOctober 27, 2017

The US economy shrugged off the damaging impact of hurricanes as it posted better than expected growth in the third quarter. Gross domestic product (GDP) grew at an annualised rate of 3% in the July-September period, the Commerce Department said, despite the storms

Articles

BA owner eyes opportunity as rivals fall away

ByNathan BissittOctober 27, 2017

The owner of British Airways overcame turbulence from terrorism and bad weather to post a 22% rise in profits in the third quarter – and said it was ready to seize opportunities as rivals fall away. International Airlines Group (IAG) said pre-tax profits climbed

Articles

UBS scales down Brexit exodus scenario

ByNathan BissittOctober 27, 2017

The head of Swiss banking giant UBS says its “worst case scenario” of having to shift 1,000 jobs out of London due to Brexit is looking unlikely. Chief executive Sergio Ermotti said it planned to tell UK staff “in the next few weeks” where it