Oil prices hit one year low on oversupply fears ahead of next month’s OPEC meeting November 23, 2018 Oil prices have fallen to the lowest rate since late 2017 today on fears of oversupply and trade uncertainties. Brent crude oil, the international benchmark, fell to $61.52 per barrel this morning, the lowest price in a year, while US West Texas Intermediate was also down to $53.38 dollars a barrel after suffering a drop [...]
Renault interim boss vows to safeguard Nissan alliance after Carlos Ghosn arrest November 23, 2018 Renault's interim boss has assured shareholders he will safeguard the company's interests and its alliance with Nissan following the arrest of chairman Carlos Ghosn. The Nissan board voted to oust Ghosn on Thursday after he was arrested in Japan over financial misconduct allegations earlier in the week. But Renault has decided not to dismiss Ghosn for [...]
Embattled budget airline Flybe’s shares take off as it confirms Virgin Atlantic talks November 23, 2018 Struggling low cost airline Flybe’s shares soared 23 per cent this morning as it confirmed reports that Virgin Atlantic is in talks to buy it. Billionaire Sir Richard Branson’s airline began talks to buy the company after the Exeter-based airline put itself up for sale earlier this month, Sky News reported last night. Shares later [...]
Public speaking 101: Stick to what you know November 23, 2018 "The problem with your method”, the head of organisational behaviour of a tier-one investment bank tells me, “is that our bankers are often asked to speak about subjects that they know little about. Can you help them with that?” My client was referring to the main premise of my presentation training: that in a presentation, [...]
Aldi’s Kevin the Carrot festive advert toy causes shopping hysteria November 23, 2018 Sales of Aldi's Kevin the Carrot plush toys have sent UK shoppers wild ahead of Black Friday, with the toy selling out online and in stores up and down the country less than a day after being made available. The release of Aldi's Christmas advert this year saw the return of Kevin the Carrot and his [...]
Watchdog announces investigation into Crossrail delay November 23, 2018 The National Audit Office (NAO) is set to investigate Crossrail after it was revealed that London’s high profile transport project will be delayed by almost a year, amid rising costs. “Our investigation will examine the causes of the cost increases and schedule delays, the terms of the additional funding, and the governance and oversight of [...]
London Mayor Sadiq Khan announces junk food advertising ban on entire Transport for London network from early 2019 November 23, 2018 Mayor of London Sadiq Khan has today confirmed that junk food advertising will be banned across the entire Transport for London network from 25 February 2019. The groundbreaking ban will be implemented on all transport controlled by TfL, including the underground, overground, London buses, trams and river services, and will stop companies from advertising foods that are [...]
Outsourcer Interserve’s share price falls as debts pile up November 23, 2018 Embattled outsourcing company Interserve will next year aim to quickly sell off assets to reduce its debt, amid concerns raised this month about its financial situation. Shares dropped again this morning by as much as eight per cent as the group said it would dispose of non-core businesses while considering options to “bring new capital [...]
Parliament will vote down May’s Brexit deal, says Dominic Raab November 23, 2018 Former Brexit secretary Dominic Raab believes parliament will vote down the Prime Minister’s Brexit deal next month. However, MPs could agree stopgap measures to prevent the alternative of the UK crashing out the EU without a deal, he told the BBC’s Today programme this morning. "We will I think inevitably see parliament vote this deal [...]
Fuller’s preparations for Christmas eat into profits, despite revenue receiving a World Cup boost November 23, 2018 Profits at pub chain Fuller's Brewery have fallen as the firm attempted to brace itself for the Christmas period, despite rising revenues after a long summer and England's performance in the World Cup. Its share price fell more than 1.2 per cent as markets opened this morning. The figures Revenue for the six months to [...]