Inmarsat share price rockets after announcing landmark tie-up with British Airways March 8, 2017 Inmarsat shares jumped over six per cent this morning after announcing a landmark tie-up BA that it is to be the first airline to provide high speed in-flight broadband to customers. The satellite firm also revealed it had grown group revenue and earnings over the last year, although bottom line figures fell. The figures Group revenue [...]
Sacked government industrial strategy adviser Lord Heseltine says he never met Prime Minister Theresa May March 8, 2017 Tory big beast Lord Heseltine has revealed that he never met Prime Minister Theresa May, despite holding five different roles as an adviser to her government. Heseltine, who was sacked late last night after joining the Brexit rebellion in the House of Lords, had worked on areas including May's flagship industrial strategy, and had been due [...]
How to get more women to the very top of the business world March 8, 2017 This International Women’s Day, I have been thinking about why – after so many years of discussion – we still need an “international day” to commit to working towards gender equality. As a female chief executive of a global professional body, I am unusual and most of my peers are men. ACCA has helped buck [...]
The Restaurant Group’s share price has jumped as it reveals its turnaround plan after a tough 2016 March 8, 2017 After a challenging 2016, The Restaurant Group (TRG) said it is ready to pursue a new turnaround plan to grow its business. The figures The Frankie & Benny's owner said total like-for-like sales fell 3.9 per cent while revenue increased 3.7 per cent to £710.7m, in line with expectations for the year to 1 January. Adjusted pre-tax profit [...]
“Irresponsible” Jaguar advert showcasing hands-free tech is banned by the ASA for encouraging unsafe driving March 8, 2017 A Jaguar advert has been called "irresponsible" by the Advertising Standards Authority (ASA) as it was thought to encourage unsafe driving. It must not appear again in its current form. The British car firm ran an advertorial article in the Guardian in September last year for its new Jaguar XE, with the text describing drivers using [...]
Legal & General share price inches up as profits and earnings climb March 8, 2017 Legal & General has reported a hike in profit and earnings during 2016, The figures Profit before tax was up 17 per cent to £1.6bn, from £1.4bn in 2015. Earnings per share rose 19 per cent to 22.2p from 18.58p. The group's full year dividend came in at 14.35p per share, an increase of seven [...]
John Lewis tarnished by Apple Watch advertising scandal March 8, 2017 John Lewis' squeaky-clean image has been tarnished after it pulled an Apple Watch promotion from its website. The department store disappointed a customer over its Black Friday sales event when it advertised Apple Watches on sale for £249, a price-match offer which was part of the retailer's promise to be "never knowingly undersold". Read more: [...]
G4S share price jumps after revealing positive results and being buoyed by Trump administration prospects March 8, 2017 G4S shares flew this morning after posting revenue growth, revealing a strong pipeline and making progress against a company overhaul initiated three years ago. The group's chief executive also made upbeat comments about US President Donald Trump's economic plans, saying "what's good for our customers is good for us". [stockChart code="GFS" date="2017-03-08 08:37"] The figures [...]
Foxtons results: Another dive in profits thanks to London house prices March 8, 2017 Shares in struggling London estate agent Foxtons took a dive today after it admitted London's cooling market pushed down profits last year. The figures Revenues fell 11 per cent to £132.7m in the year to the end of December, Foxtons said today – while pre-tax profits fell more than half, from £41m in 2015 to £18.8m in 2016. Lettings revenue fell one per [...]
Part of British chipmaker Arm to be sold to Saudi-backed Softbank Vision Fund March 8, 2017 Softbank is reportedly selling part of newly acquired British chipmaker Arm to its Saudi-backed investment fund. After snapping up the firm for £24bn in a shock mega-deal just weeks after the vote to leave the European Union last June, the Japanese conglomerate is now selling a 25 per cent stake to its Vision Fund, the Financial Times reports, [...]