THE DAILY BRIEFING
CASHING IN Families flocked to remortgage their homes ahead of the Bank of England hiking interest rates from 0.5pc to 0.75pc in August. Some 46,900 remortgages were completed in July, up 23.1pc on last year, says industry body UK Finance. the £8.7bn of deals marked the strongest remortgaging market for July in more than a decade.
COACH DRIVER Jamie Dimon, 62, the boss of Wall Street titan JP
Morgan, has said he is taking a ‘football coach’ role as top lieutenants Daniel pinto and Gordon Smith are given more responsibility. there is speculation he will step down at the end of his contract in five years.
RIGHT STUFF Andrew Mackenzie, boss of Anglo-Australian miner
BHP, said he remains the right man to lead the business, adding: ‘I’m very excited about how we can further transform the business.’
SALES UP Sales at tenpin bowling firm Ten Entertainment grew 3.1pc in the 26 weeks to July 1 as families spent more per visit. profits soared from £596,000 to £4.9m.
FOOTBALL FALL Five-a-side football site operator Goals Soccer
Centres slipped to a £1.1m loss in the six months to June 30 compared with profit of £2.6m a year earlier.
DEAL TALK Miner South32 said it has had several unsolicited offers for its thermal coal business, South Africa Energy Coal, and is talking to potential bidders.
PROFIT DIP profits at education training provider Wilmington fell 81pc to £3m but, with one-off costs stripped out, rose 6pc to £22.6m.
PRODUCTION TARGET Eastern Mediterranean-focused Energean
Oil and Gas has swung to a profit of £62m, up from a loss of £3.3m the year before. It says production should grow to more than 10,000 barrels per day by 2021.
HURRICANE BLOW Bosses of drug-maker Indivior were unable to make a presentation at Morgan Stanley’s annual global healthcare conference in New York due to Hurricane Florence preventing travel.
EDUCATION BOOST Children’s specialist education business Cambian Group posted half-year sales of £105m which swung it to a £1.6m profit from a £1.2m loss.
WOMEN WELCOME Sir James Dyson has hailed the fact that over a third of the 43 engineering students enrolling at his Dyson Institute of Engineering and Technology are women.