Go back to the drawing board and help UK businesses become top of the class March 21, 2019 If you walk into any classroom in the country, you will find a small group of diligent pupils at the front, hands raised, offering an answer to today’s problem. There’s also likely a second lot at the back of the class monopolising the teacher’s time. This leaves the majority of students in the middle who [...]
Renishaw share price drops as it issues profit warning March 21, 2019 Renishaw saw shares plummet this morning as it issued a profit warning, blaming weak demand in Asia. Read more: Meggitt spends £5m on Brexit stockpiling The FTSE 250 precision engineer now expects profit before tax to land in the range of £123m to £141m, a bracket lower than the £146m to £166m it predicted back [...]
Vodafone braced for EU competition warning over $22bn Liberty deal March 21, 2019 Vodafone is set to receive a warning from EU competition regulators over its $22bn (£16.7bn) takeover of Liberty Global assets, Reuters reported, citing two people familiar with the matter. The warnings, which will take the form of a statement of objections, will be issued to the two companies shortly, according to the report. The deadline [...]
Wates Group profits on the rise as construction firm battles Brexit fallout March 21, 2019 Construction firm Wates Group’s profits rose slightly last year as it battled against a downturn in work caused by Brexit. The UK’s largest family owned construction firm said it had continued improving profit by sticking to its core sectors and regions, as it went into 2019 with a record order book. Read more: MJ Gleeson [...]
Fed up with bureaucracy? Might be time to reform your meetings March 21, 2019 Every organisation is either struggling with bureaucracy or terrified of becoming one as they grow. But when companies reach a certain size, it’s not uncommon for them to have countless policies, practices, and structures in place that have accumulated over time. Business leaders should think of this as an operating system. And just as a [...]
Debate: With recent attention on Section 21 of the Landlord and Tenants Act, should it be scrapped? March 21, 2019 Debate: With recent attention on Section 21 of the Landlord and Tenants Act, should it be scrapped? Yes – Hannah Slater is policy and public affairs manager at Generation Rent. Section 21 allows landlords to evict tenants with just two months’ notice and without giving them any reason. It’s an outdated bit of law. Three decades on [...]
Game plays with higher profits to buck high street worries March 21, 2019 Profits soared at video game retailer Game’s parent company in the first six months of the financial year, even as revenue fell by nearly five per cent. The figures Game Digital’s profits before tax increased over 20 per cent to £14.8m, however gross profit contracted 1.2 per cent to £122m. Read more: Game shares boosted [...]
Next sees ‘no evidence’ for Brexit hurting sales despite profit dip as it warns of ‘challenging’ 2019 March 21, 2019 Profits slipped at Next last year, the high street stalwart said today as it warned the outlook for the high street will remain “challenging” in 2019. However, it said Brexit is not a factor, with boss Lord Simon Wolfson saying there is “no evidence that this uncertainty is affecting consumer behaviour”. Read more: Next shares [...]
Profits plunge 26 per cent at Ted Baker after ‘difficult’ year March 21, 2019 Profits fell at Ted Baker last year for the first time since the financial crisis as the company faced “very difficult trading conditions” in a year when harassment claims dogged its chief executive. The figures Profits before tax at the menswear retailer dropped by 26 per cent to £51m even as revenue increased 4.4 per [...]
May tells public ‘I’m on your side’ as she calls for Brexit date extension March 21, 2019 Theresa May last night conceded that any delay to Brexit was “a matter of deep personal regret” as she used a live Downing Street address to pile pressure on MPs to back her unpopular deal. Speaking from Number 10, the Prime Minister said the public has “had enough” of the Brexit debate and wanted politicians [...]