Model train maker Hornby narrows losses as it plans to get back on track November 22, 2018 Model railway maker Hornby today said it will end discounting as it reported a reduction in losses in the six months to the end of September, sending shares up more than five per cent. The figures Hornby’s revenue was down to £13.8m from £17m in the same period last year. Group loss before tax was £3.2m, [...]
Crowdfunding isn’t just about money, but communicating with customers – the best businesses are the best listeners November 22, 2018 Consumers are increasingly sceptical of industry leaders, disloyal to brands, well-researched in the products and services they need, and not willing to be talked at. Through social media, they listen to one another about which brands are worth caring about, and which are not. The brands that are the best communicators are also the best [...]
Water giant Seven Trent rides out long, hot summer as interim results remain steady November 22, 2018 Water companySevern Trent’s shares remained steady this morning as it published solid interim results with small profit gains and more than £300m invested in the first six months. The figures The group reported £299.1m profit for the six months to 30 September, up 4.3 per cent from the same period last year. Meanwhile, it saw [...]
Brexit deal ‘within our grasp’, says Prime Minister Theresa May November 22, 2018 Prime Minister Theresa May said today that a Brexit deal “is within our grasp” as she addressed the nation from Downing Street. “The British people want a good deal. That deal is in our grasp and I am determined to deliver it,” she said outside Number 10. “The text of the declaration has been agreed [...]
Google updates European policy on political ads to fight fake news ahead of elections November 22, 2018 Google has said it will roll out new features and policies across Europe to provide deeper transparency around companies who take out political advertisements on its platform, ahead of the European Parliament elections next year. Google's director of EU public policy Lie Junius said Google will now require any ads that mention a political party, candidate [...]
Nissan dismisses chairman Carlos Ghosn following arrest in Japan November 22, 2018 Nissan’s board of directors has voted to oust its chairman Carlos Ghosn following his arrest for suspected financial crimes. Ghosn was removed as chairman and representative director after a unanimous decision in a board meeting at Nissan's headquarters in Yokohama, the company said today. Ghosn was arrested in Japan on Monday following allegations of financial misconduct, [...]
Russian boss of spy agency blamed for Novichok attack on Sergei Skripal dies November 22, 2018 The Russian spy chief who allegedly oversaw the attacks on the Skripals in the UK has died. Colonel-General Igor Korobov, 62, who has run Russian spy agency the GRU since 2016, died on Wednesday, the Russian defence ministry said today. The UK government has accused the GRU of being behind the nerve agent attacks on [...]
Amazon launches Black Friday pop-up in Shoreditch after data leak hits UK customers November 22, 2018 Amazon has today opened a pop-up on London's Shoreditch High Street, just in time for Black Friday weekend. The Home of Black Friday pop-up store has returned to the capital after its debut last year, and is now located near Amazon's headquarters from Thursday 22 November until Sunday 25. The shop will feature hundreds of [...]
Financial Conduct Authority introduces price cap as it cracks down on rent-to-own sector November 22, 2018 Rent-to-own companies will be hit with a price cap as the City watchdog cracks down on the sector. The schemes, which allow customers to purchase household items such as fridges and washing machines on credit, will be subject to a cap limiting the cost of the product and the charge for credit, the Financial Conduct [...]
FTSE investor CLS Holdings strikes confident tone as occupancy rates improve November 22, 2018 Commercial investor CLS Holdings posted a fall in vacancy rates this morning, striking an upbeat tone in the wake of new leases and lower debt costs. The FTSE 250 firm said that the vacancy rate across its markets fell from 5.7 per cent to 4.3 per cent during the trading period between July and November. [...]