Co-operative Bank forced to defer plans after missing out on RBS competition fund but submits bid for second round April 4, 2019 The Co-operative Bank has been forced to defer plans to expand its business offering after missing out on the first round of the £775m RBS competition fund. The challenger bank, which has 85,000 SME business accounts, has turned its attention to the second round of grants designed to modernise existing services. Read more: Three challenger banks win [...]
Media firm Entertainment One on track as it shifts focus to film production April 4, 2019 Peppa Pig producer Entertainment One today said it is on track to hit its full-year targets, thanks to strong growth in its portfolio of children's TV shows. In a trading update the Canadian firm said it has enjoyed strong underlying earnings performance, growing by more than 25 per cent in its family and brands division. [...]
Property giant Intu promotes finance boss to become new chief executive April 4, 2019 Shopping centre-owner Intu Properties has promoted its finance boss to run the company, it announced today. Intu confirmed that Matthew Roberts was taking over as chief executive with effect from 29 April. Roberts has been chief financial officer at Intu since 2010 and was also previously chief financial officer at gambling firm Gala Coral and [...]
May and Corbyn continue talks as MPs back Brexit delay bill by a single vote April 4, 2019 Theresa May and Jeremy Corbyn will hold more meetings today to thrash out a Brexit compromise after MPs narrowly passed a law instructing the Prime Minister to ask for a delay to the UK’s withdrawal from the EU. Read more: John Bercow delivers casting vote in historic tie on Commons Brexit plan In a dramatic [...]
Mothercare suffers another drop in UK like-for-like sales April 4, 2019 Global retailer Mothercare has revealed its UK like-for-like sales declined 8.8 per cent year on year in the three months to the end of March, marking a slight improvement on recent sales falls. Read more: Mothercare sticks to guidance despite falling UK sales In a trading announcement today the retailer also said that it has completed [...]
Saga shares plunge 36 per cent after it announces £310m writedown and slashes dividend April 4, 2019 Over-50s travel and insurance company Saga lost a third of its value this morning after it said it was more than halving its dividend as it crashed to a £134.6m loss. Its share price plunged 35 per cent to 68p after its shock announcement. Read more: Saga set to hit profit guidance after sales cruise [...]
AO World spends £15m on Brexit stockpiling as founder returns as CEO April 4, 2019 Electrical retailer AO World today warned investors it expects to take a £2.5m hit this year as it shakes up its management team in the wake of John Roberts’ return as chief executive. Read more: AO World’s chief executive departs with founder returning to the role The exceptional costs for the 12 months to the [...]
Tube delays: Commuters face disruption on key London Underground lines April 4, 2019 Commuters were facing havoc on London’s Tube this morning with three lines hit by delays and track suspensions. Read more: This London Tube map shows the busiest times at stations in the morning No trains were running between Aldgate and Edgware Road via Embankment on the clockwise Circle Line route due to a signal failure [...]
Former Nissan boss Carlos Ghosn re-arrested in Japan April 4, 2019 Former Nissan boss Carlos Ghosn was arrested again today by Japanese prosecutors who accused him of trying to enrich himself at the carmaker’s expense. The arrest, described by legal experts as highly unusual in Japan for someone who has been released on bail, is reportedly linked to payments made to an Omani dealer. Prosecutors said [...]
The AA’s opting for the long road to stability April 4, 2019 Shares in the AA have been swerving all over the place since it returned to the stock market in 2014. After jumping from a float price of 250p to 430p the following year, the ambitions of the team that steered the roadside rescue outfit through an unusual management-buyout-cum-IPO began to stutter. The stock slid and [...]