Eve Sleep shares skyrocket on fresh fundraising plans November 15, 2018 Shares in mattress maker Eve Sleep have soared almost 24 per cent this morning, after the company provided an update on its business strategy under its new chief executive. Eve Sleep said it will raise approximately £15m of new equity "to fund the company's refocused strategy through to profitability", which will launch prior to the end of [...]
Dominic Raab resigns as Brexit secretary, calling withdrawal agreement ‘a very real threat’ to the UK’s integrity November 15, 2018 Dominic Raab resigned as Brexit secretary this morning, calling the UK's withdrawal agreement "a very real threat to the integrity of the United Kingdom". Sterling plunged to 1.285 against the dollar in reaction to the news. Raab, who helped negotiate the UK’s withdrawal agreement with Brussels, added that the Prime Minister’s proposed deal breaks promises [...]
John Lewis reveals 2018 Christmas advert featuring Elton John November 15, 2018 John Lewis has released its highly anticipated Christmas advert featuring music icon Elton John. This year’s offering – named The Boy and the Piano- tells the story of Elton John’s rise to stardom sound tracked to his first major hit “Your Song”. Working backwards through John’s career, it ends with a young Elton being given [...]
Shares slip at Aston Martin despite car maker boosting revenue in first results since IPO November 15, 2018 Soaring sales in the UK and China were not enough to stop shares falling again at Aston Martin this morning, as it boosted revenue and profits in its first results as a public company. The figures Third quarter revenue grew an impressive 81 per cent year on year to £282m as car sales doubled to [...]
Sterling falls as Theresa May receives her first ministerial resignation over her Brexit deal November 15, 2018 Sterling fell this morning after a minister announced his resignation over the Prime Minister’s Brexit deal, which won the backing of the cabinet last night. Shailesh Vara, a minister for Northern Ireland, informed Downing Street of his resignation this morning, saying the deal leaves the UK “in a half-way house with no time limit” on [...]
Profits slide at Royal Mail as it promises to deliver on turnaround strategy November 15, 2018 Shares fell as Royal Mail promised a “clearer focus” on financial performance and management accountability today after its profits dropped by over a quarter for the opening half of the year. Chief executive Rico Back said the company will renew its focus on customers just a month after issuing a profit warning that saw shares tumble, [...]
Debate: Following a share price dive, should we be worried about Interserve’s future? November 15, 2018 Debate: Following a share price dive, should we be worried about Interserve’s future? Yes – John Tizard is an independent strategic adviser. Interserve’s story seems to have some parallels with Carillion. Construction firms appear to find public service outsourcing challenging, with problems caused by clashes in culture and different expectations for margins. Contracts must be [...]
EU calls emergency Brexit summit to vote on UK withdrawal agreement as Northern Ireland minister quits November 15, 2018 European Council president Donald Tusk set a date for an emergency Brexit summit today to discuss the UK and EU’s draft withdrawal agreement. The meeting, scheduled for 9.30am on Sunday, 25 November, is expected to formalise the UK’s Brexit deal hammered out by Prime Minister Theresa May and EU negotiator Michel Barnier. “Let me say [...]
Mortgage approvals up for first-time buyers as market moves away from large deposits November 15, 2018 The market share of first-time buyers and small deposit borrowers increased in October as young buyers take advantage of low rates and slowing house price growth. A total of 67,011 mortgages were approved last month, an increase of 2.7 per cent since September and 3.5 per cent above levels in the same month last year. [...]
Government shale gas commissioner slams ’emotional’ narrative around fracking November 14, 2018 The government's commissioner for shale gas yesterday condemned the “narrative of fear around fracking” as she called for a more rational debate on the nascent industry. In a letter to editors, former Labour MP Natascha Engel argued that the current media coverage of earthquakes near the site of Cuadrilla's horizontal shale exploration well in Preston New [...]