Yougov polls points to EU election victory for Farage’s Brexit party April 17, 2019 Nigel Farage's newly formed Brexit party is on course to win next month's contentious EU elections after a new poll put them on 27 per cent of the vote. Read more: Brexit party: Nigel Farage launches new pro-Leave political group A Yougov poll for has put Farage's party in the top spot, five points ahead of Labour and [...]
Morgan Stanley shares climb as results beat expectations despite ‘slow’ start to the year April 17, 2019 Morgan Stanley shares have climbed after the US bank posted better-than-expected results in its fixed income trading and wealth management divisions. The bank reported $2.43bn profit in the first quarter of the year, beating expectations despite falling from $2.67bn the previous year. Read more: Morgan Stanley trading revenue hit by sharper fall than peers Fixed [...]
Time to party: John Lewis & Partners opens summer roof garden on top of flagship Oxford Street store April 17, 2019 John Lewis & Partners is launching its summer rooftop garden at the summit of its Oxford Street store this week. Read more: Ranked: The top 15 retailers to work for The venue will open its doors at the start of the bank holiday weekend on Friday, and busy shoppers can enjoy the opportunity to relax [...]
Jet Airways suspends all domestic and international flights amid financial meltdown April 17, 2019 Jet Airways is to shut all domestic and international flights from tonight after it failed to win interim funding from lenders. The Indian carrier grounded all international flights on Monday while its pilots protested outside its headquarters, demanding Prime Minister Narendra Modi intervene to solve the crisis. Many said they had not been paid for months. [...]
Bill Browder lodges Swedbank money laundering complaint with Latvian authorities April 17, 2019 UK hedge fund boss and prominent Putin critic Bill Browder has lodged a criminal complaint against Swedbank with Latvian authorities over alleged money laundering. Browder, who has also taken the same complaint to Estonian and Swedish authorities, alleges that Swedbank accounts were used to launder $176m (£135m) between 2006 and 2012 linked to Russian money [...]
Vodafone broadband advert banned by watchdog for misleading consumers April 17, 2019 A Vodafone advert for “gigafast” broadband has been banned after it was found to have misled customers. The Advertising Standards Agency (ASA) said the advert implied consumers could get high-speed broadband for £23 when that was not the case. Rival Virgin Media had challenged the advert for gigafast broadband on the basis that it misleadingly [...]
US and UK M&A deals outpace Europe April 17, 2019 Merger and acquisition (M&A) deals in the UK and US are outpacing the rest of Europe, with activity remaining strong despite a global downturn. Deal volumes reduced by 20 per cent in Europe last year, but only dropped by six per cent in the UK and by 11 per cent in the US. Read more: European [...]
Superdry appoints new broker after mass exodus prompted by Dunkerton’s return April 17, 2019 Superdry has appointed Jefferies as its new corporate broker and financial advisor following a mass exodus from the firm after the retailer’s founder was reappointed to the board. Investors narrowly voted in favour of allowing Julian Dunkerton to return to the board earlier this month, prompting the resignations of former brokers UBS and Investec. Read [...]
UK house prices: Growth hits seven-year low as London house prices plunge amid Brexit uncertainty April 17, 2019 UK house prices grew at their slowest rate in seven years early in 2019 as London house prices plunged, according to data published today. Read more: London house prices: How Brexit has hit prices in your borough UK properties only grew by 0.6 per cent in February compared to the same month last year, the [...]
‘Wake-up call’: Germany downgrades 2019 economic growth forecast to just 0.5 per cent April 17, 2019 The German government today once again slashed growth predictions for its economy, saying it now foresees a GDP increase of just 0.5 per cent in 2019, compared to the 2.1 per cent it predicted a year ago. Read more: Eurozone manufacturing sector contracts with Germany shrinking fastest Economy minister Peter Altmaier said new car emissions [...]