Huggies-maker Kimberly-Clark’s shares rise following first quarter results April 22, 2019 US personal care company Kimberly-Clark’s shares climbed five per cent yesterday on the back of its first-quarter results, which revealed a slight decline in sales and adjusted earnings. The Huggies and Kleenex-maker’s net sales fell by two per cent in the first quarter of 2019 compared to a year earlier, while its adjusted earnings per [...]
Brexit has finished May, but MPs still need to find a way to honour the referendum result April 22, 2019 Theresa May would be forgiven if she decided not to return from her Easter break. While she walked the Welsh mountains, the mess she left in Westminster festered in the heat and one of her first engagements back in Downing Street will be to meet Sir Graham Brady, chair of the Tory party's committee of [...]
City grind: Will law’s stuffy image and long hours stop it attracting top talent? April 22, 2019 Law firms are the original pyramid scheme. The model depends on a wide base of junior lawyers working long hours to generate cash for partners who sit at the top and take a share in the profits. Arguably it is a model that has had its day in an era where a younger generation increasingly prioritises [...]
Oil prices reach fresh 2019 high as US tightens sanctions on Iran April 22, 2019 The price of crude oil climbed over three per cent today following the announcement by the US government that it will end exemptions from Iranian oil sanctions that it granted to countries such as China, India and Japan. Read more: Oil prices reach new 2019 high as tensions rise in Libya Secretary of state Mike Pompeo [...]
Theresa May under fresh pressure to resign amid mounting Tory grassroots rebellion April 22, 2019 Theresa May will return to Westminster facing fresh pressure over her position as top Tories warn she must resign or face further attempts to oust her. The influential 1922 committee of Tory MPs is reportedly meeting tomorrow to discuss tearing up the party rulebook in a move that could force the Prime Minister out, despite her [...]
Prosecutors hit former Renault and Nissan boss Carlos Ghosn with fourth charge April 22, 2019 Former Renault and Nissan boss Carlos Ghosn was today hit with a fourth charge by Japanese prosecutors who accused him of aggravated breach of trust. Ghosn’s lawyers immediately met the charge with a bail request which came on the day his latest period of detention was set to expire. “We are confident that we have [...]
Chief executive of struggling Kraft Heinz to step down April 22, 2019 Kraft Heinz has today announced that chief executive Bernardo Hees is to step down and be replaced by Miguel Patricio, an executive at drinks giant Anheuser-Busch InBev (AB InBev). Read more: Kraft Heinz share price plunges as SEC probe and losses spook Wall Street The US food company said that Patricio, who is Portuguese, will on 1 [...]
Easter bounce for the high street while shopping centres struggle April 22, 2019 Embattled retailers received a much-needed Easter boon over the Bank holiday weekend, as sunshine and hot weather encouraged shoppers onto the high street. Read more: Eco-activists plot Heathrow shutdown on Good Friday In a clear contrast to Easter 2018, when stormy weather dashed hopes of a Spring bounce in footfall, this year high street retailers [...]
Tesla investigating social media video of one of its cars catching fire in Shanghai April 22, 2019 Electric car marker Tesla has said it is investigating a video that is circulating on Chinese social media which appears to show one of its most popular vehicles catching fire. The video shows a stationary Tesla car, identified as the Model S, erupting into flames while in a car park in Shanghai on Sunday evening. Tesla [...]
Seeking solace in the Square Mile: Rise in stressed City workers turning to churches April 22, 2019 Stressed City workers have always sought a variety of antidotes to their fast-paced life – ranging from the gym to the pub – but many are now turning to a more traditional form of relaxation: finding a moment of peace in the City’s historic Wren churches. Church authorities are welcoming a distinct rise in attendance [...]