Barclays profits fall as investment banking unit struggles ahead of Bramson showdown April 25, 2019 Barclays profits fell 10 per cent over the first three months of 2019 as its under-fire investment bank endured a “weak quarter” ahead of next week’s showdown with activist investor Ed Bramson. But chief executive Jes Staley said the investment bank outperformed all but one of its US rivals and gained market share for the [...]
Norwegian Air earnings hit by Boeing 737 Max troubles April 25, 2019 The grounding of Boeing’s 737 Max jets will cost Norwegian 500 million Norwegian crowns (£45m), the airline said today. The budget airline said the uncertainty around the fate of the jets could hurt its plans to return to profitability as it posted a new loss of 1.4bn Norwegian crowns. Norwegian has been forced to lease [...]
Pure Gym eyes further expansion as growing membership boosts revenues April 25, 2019 Pure Gym has posted double-digit revenue growth for the full year as it eyes further expansion in 2019. The figures Revenue rose 15 per cent to £228.4m in the year to the end of December. Group earnings before interest, tax, depreciation and amortisation jumped 14 per cent to £73.1m. Member numbers were up 16 per [...]
Taylor Wimpey shares dip as costs weigh on property giant April 25, 2019 FTSE 100 developer Taylor Wimpey posted a record sales rate this morning, but higher building costs weighed on the property giant's profit margins. Taylor Wimpey’s share price dipped more than five per cent in early morning trading, with the firm revealing it had seen a bigger-than-expected rise in costs in the first few months of [...]
Leaving EU behind: The potential winners and losers from a soft Brexit deal April 25, 2019 After three failed votes, Prime Minister Theresa May has another six months to get her Brexit deal through the House of Commons. Despite her securing an extension from the EU, the Brexit deadlock seems as intractable as ever. Still, some form of soft Brexit remains a likely option, so it’s worth exploring the potential impact [...]
What a tin of battered beans can tell us about behavioural finance April 25, 2019 "Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular, and do well.” Those are the words of one of the greatest investors of our generation, Warren Buffett. The investment guru got me thinking: why is the stock [...]
Carpetright shares soar as restructuring plan starts to pay off April 25, 2019 Shares in Carpetright soared almost 25 per cent this morning after it reported a “significant” improvement in sales as its restructuring plan begins to pay off. The London-listed carpet specialist said like-for-like sales were up in the fourth quarter in a sign of renewed customer confidence. Read more: Carpetright sales drop but pace of decline [...]
The Huawei 5G partnership is a threat to the UK’s national security April 25, 2019 Imagine if you were told that your new home internet network was going to be part built and maintained by a company alleged to have links to some of the most prolific identity thieves in your area. In all likelihood, you would change your provider. Yet that is precisely the course of action the British [...]
DEBATE: Is the uproar over Donald Trump’s state visit to the UK in June unwarranted? April 25, 2019 Is the uproar over Donald Trump’s state visit to the UK in June unwarranted? Freddie Jordan, a freelance writer, says YES. President Trump’s visit has unleashed the same public mania as would Lord Voldemort’s. He may be unctuous, and some might prefer to watch his comedy of errors play out from afar, but to throw a childish [...]
We’re calling on British business to step up in the global fight against Malaria April 25, 2019 Today is World Malaria Day, a time to take stock of what we have achieved in the fight against this disease, and what more we all can do. In 2017 alone, malaria – a disease that is both treatable and preventable – killed 435,000 people worldwide. Nearly half of the world’s population was at risk, and [...]