Analysts react to Unilever’s drop in revenues January 26, 2017 Unilever's shares are set for their worst day of trading in the last five years, having fallen four per cent this morning. Investors are reacting to the food manufacturing giant's fourth-quarter and final year results, which missed expectations. Revenue fell one per cent for 2016, and Unilever also warned that it would be facing "tough market conditions" [...]
Shares in Diageo are up as the global drinks maker beats forecasts January 26, 2017 Diageo, the maker of Smirnoff, Guinness and Johnnie Walker, beat expectations for the six months ended 31 December after years of stagnant growth. The figures The drinks giant said reported net sales were up 14.5 per cent at £6.4bn, while operating profit rose 28 per cent at £2.1bn, reflecting organic growth and favourable exchange rates. Diageo experienced organic growth across all [...]
Major rebuilding works are going on at London Waterloo station this August as passengers are told to stay away January 26, 2017 Not the best day to have this news announced what with the Tube strike causing trouble on the Central and Waterloo & City Lines… But Network Rail and South West Trains have announced details on major upgrades going on at London Waterloo this August – and thousands of passengers will want to avoid it. From [...]
Shares in the publisher of the Daily Mail have dived – here’s why January 26, 2017 Growth at the owner of the Daily Mail newspaper ground to a halt in the first quarter, sending shares diving seven per cent. The figures Daily Mail and General Trust (DMGT) revenue grew just one per cent in its b2b business and shrank one per cent on an underlying basis on the dmg media side, which [...]
Whitbread’s restaurant sales disappoint investors January 26, 2017 Hotel and coffee shop owner Whitbread – known for its Costa Coffee and Premier Inn brands – has posted some strong sales growth this morning, but its restaurant business has disappointed the market. Whitbread's share price was down four per cent at time of writing. The figures Over the 13 weeks to 1 December, Whitbread's like-for-like [...]
Royal Bank of Scotland has set aside another £3.1bn for US settlements January 26, 2017 Royal Bank of Scotland today confirmed that it has set aside a further £3.1bn to pay fines relating to the issuing and underwriting of US residential mortgage-backed securities (RMBS). However, shares in the group were up almost two per cent in early trading. The bank said this takes the total sum it has provided for [...]
Disruption to train services due to derailment at Lewisham will continue until the end of the week January 26, 2017 Disruption to Southeastern train services will continue until the end of the week, the rail network confirmed today. Services have been subject to cancellations and delays since early Tuesday morning, when a freight train derailed at Lewisham. Southeastern said this morning that train services running through Lewisham station may be cancelled, delayed or revised, with disruption expected [...]
There’s going to be a Tube strike all of today: Here’s what you need to know January 26, 2017 It hasn't even been a month since the year started with a bang thanks a Tube strike which shut down most Zone 1 stations and caused commuter chaos. But we're already facing another one, which will affect the Central and Waterloo & City Lines. So, here's what you need to know to make any journeys as pain-free as possible… [...]
Unilever braced for tough market conditions to continue in 2017 as it reveals subdued sales January 26, 2017 Unilever is keen to remind everyone it is – and has been for a while now – battling challenging market conditions. The food manufacturing giant has reported lower than expected sales in the fourth quarter and is braced for these "tough market conditions" to continue, at least for the start of 2017. Brazil's economic slowdown [...]
Sky announces 12 per cent increase in revenue as it reveals plans to introduce satellite dish-free service in UK January 26, 2017 Sky today reported a jump in revenue in the six months ended 31 December, but said costs linked with the Premier League had hit profits during the period. The figures Revenue was up 12 per cent to £6.4bn from £6.04bn in the second half of 2015. Operating profit dropped by nine per cent to £679m from [...]