PPI claims surge against CYBG to push bank to a £145m loss November 20, 2018 Clydesdale Bank owner CYBG's share price fell more than 13 per cent today as a fresh raft of PPI claims pushed it to a £145m loss in its full-year results. The figures CYBG fell to the £145m loss after taking a £352m hit for PPI costs and £44m for other legacy conduct issues. A Financial Conduct [...]
Big Yellow storage targets ‘aggressive’ expansion with new London stores announced November 20, 2018 Self storage company Big Yellow reported an increase in revenue today following investment in new capacity as the group targets “aggressive” expansion. Revenue for the six months to the end of September was £62.2m, a boost of seven per cent, while adjusted profit before tax rose nine per cent to £33.3m. However, statutory profit before tax [...]
Easyjet flies in the face of Brexit worries as profits and bookings soar November 20, 2018 Low-cost airline Easyjet remains positive about its 2019 outlook as rising profits and revenues for the year to the end of September defied Brexit concerns and rising costs. The figures Pre-tax profit rose 41.4 per cent to £578m and revenues were up 16.8 per cent to £5.9bn. The airline raised its dividend to 58.6p subject to [...]
British home electricals retailer AO shares slide as it gears up for Brexit November 20, 2018 UK online electronics retailer AO World has scraped back some of its losses in the first six months of this year, targeting European profitability despite market challenges. The company's share price tumbled almost 15 per cent in early trading this morning. The figures Overall revenue across the UK and Europe rose almost 10 per cent [...]
Train delays: TfL Rail hit with severe delays between Shenfield and Liverpool Street November 20, 2018 Severe delays hit TfL Rail this morning, causing commuters pain just a day after problems at a major London station led to rush hour chaos. Transport for London advised commuters to take an alternative route this morning if possible after a signal failure at Stratford led to severe delays between Shenfield and Liverpool Street. Commuters [...]
China’s love for Peppa Pig continues to carry UK production giant Entertainment One November 20, 2018 The continued success of family cartoon shows such as Peppa Pig and PJ Masks have carried Entertainment One through the first half of its financial year, as restructuring costs take their toll on its profits. The company's share price fell more than 4.7 per cent as markets opened this morning. The figures Overall revenue for the six months [...]
DEBATE: Do protests over fuel duty rises show that President Macron is out of touch with French citizens? November 20, 2018 Do protests over fuel duty rises show that President Macron is out of touch with French citizens? Beatrice Timpson, director at Media Intelligence Partners, says YES. “I want to rule like Jupiter,” President Emmanuel Macron famously declared, “above the political maelstrom.” To be fair to Macron, he has always been consistent. His is the vox dei, [...]
Labour’s childish antics over Brexit are an embarrassment November 20, 2018 The Brexit deal is on the table and the bids to support it, scrap it, or make it utterly redundant are now in full swing. As Theresa May moves forward with her plan to engineer a parliamentary majority for a proposed exit deal, clear political camps have begun to form. The Tory moderates who have [...]
Google and DeepMind are playing fast and loose with society’s trust November 20, 2018 Last week, we were greeted by the disturbing news that DeepMind, an artificial intelligence subsidiary owned by Google’ s parent company Alphabet, is moving some of its healthcare activities into the newly formed Google Health. This isn’t the first time that one of the tech giants has been accused of making misrepresentations to consumers, using [...]
All I want for Christmas… is for retailers to get real and rethink their festive ads November 20, 2018 TV has long been a staple of Christmas advertising, highlighted by the millions of people who look forward to the annual John Lewis spot. This year, the retailer reportedly spent millions of pounds on a cameo from Elton John, though it is being tight-lipped about exactly how much. However, while the department store’s festive offering [...]