Tory voters snub Chequers deal as Brexiter MPs flex their muscles ahead of party conference September 4, 2018 Conservative voters continue to be unimpressed with Theresa May's vision for Brexit, with a new poll suggesting the Chequers plan has actually lost support over the summer. ConHome's latest survey of its readers found that just 23 per cent of members thought the proposals being touted across the capitals of the European Union over the [...]
Ryanair cancelled 550 flights in August September 4, 2018 Budget airline Ryanair cancelled 550 flights last month, which affected more than 100,000 customers, figures released today show. A 24-hour pilot strike over pay and conditions took place across Ireland, Germany, Sweden, Belgium and the Netherlands on 10 August, grounding 396 flights. Read more: Niki Lauda-founded Laudamotion to double Airbus fleet The low-cost carrier also said [...]
McColl’s sales still impacted by Palmer & Harvey collapse September 4, 2018 Sales at convenience retailer McColl's have struggled to pick up for another quarter as the company still grapples with the collapse of wholesaler Palmer & Harvey. The figures Total revenue in the 13 weeks to 26 August was up 0.6 per cent, but like-for-like sales slipped 0.9 per cent due to continued supply chain disruption. [...]
Labour activist in antisemitism row Peter Willsman reelected to NEC despite Momentum removing #JC9 backing September 4, 2018 A Labour activist who rubbished claims of antisemitism within the party, arguing the allegations were being made by "Trump fanatics", has been re-elected to the national executive body after a ballot of members. Peter Willsman had originally been backed by Momentum as part of the grassroots organisation's #JC9 (Jeremy Corbyn) slate of candidates, but the group removed its backing amid [...]
ING ordered to pay £700m to settle money laundering case September 4, 2018 Dutch bank ING has been ordered to pay €775m (£698.15m) to settle a money laundering case. The bank failed to carry out due diligence and allowed the "structural infringement" of the Netherlands' Money Laundering and Terrorist Financing Act between 2010 and 2016, according to the prosecution. Read more: Business losses from employee corporate fraud double on last year [...]
Mobile payments platform Boku sees users and profits soar after strengthening links with digital giants September 4, 2018 Mobile payments platform Boku has seen a surge in users and profit after strengthening links with the world's largest digital companies. The company said its total payment volume (TPV) was up 153 per cent to $1.5bn (£1.17bn) and that its monthly active users grew to 10.3 million – a 117 per cent increase on the [...]
Halfords sales speed up as servicing business benefits from drop in car sales September 4, 2018 Halfords Group reported sales growth this morning against a tough backdrop, but profits are still expected to remain flat on last year. The update came ahead of new chief executive Graham Stapleton's strategy update at the end of this month, though analysts do not expect any radical changes at the business. The figures Total revenue in [...]
Paul Pester steps down as TSB CEO after IT outages September 4, 2018 TSB boss Paul Pester is to step down from the UK high street bank, following seven years of service that ended amid a prolonged and ongoing IT crisis. However, the bank insisted Pester was not a “fall guy” for the outage that began in April, impacting around 1.9m customers. Read more: TSB apologises to customers [...]
FTSE 250 housebuilder Redrow boosts profits but calls for Brexit clarity September 4, 2018 Housebuilder Redrow called for clarity over Brexit and the government’s Help to Buy scheme today to improve the health of the UK housing market, as it reported its full-year results. The figures Despite the deflating nature of the UK housing market, the FTSE 250 firm managed to buck the trend, posting a 16 per cent [...]
DEBATE: Google turns 20 today – but will it still be dominant in another two decades? September 4, 2018 Google turns 20 today – but will it still be dominant in another two decades? Lily Covington, senior strategist at commercial strategy firm Cruxy & Company, says YES. Google’s advertising revenue alone proves its continued upwards trajectory, jumping from $10.49bn to $95.4bn in the last 12 years as its core business has adapted with the times. [...]