Flybe’s Cardiff to London City Airport route set to fly into the summer January 18, 2017 Flybe's "rescue flights" from Cardiff to London City Airport for the closure of the Severn rail tunnel are set to be extended into the summer. The ongoing popularity of the route has resulted in Flybe extending its operation through to the end of its summer schedule. Initially, the plan was for the route to be [...]
Vodafone returns to Sweden with Tele2 partnership to centralise services January 18, 2017 Vodafone today unveiled a new partnership with the Tele2 that will centralise services across Sweden, Latvia and Lithuania. Stockholm-listed Tele2 is a major player on the continent, operating across nine counties with over 14m customers. Read more: Vodafone beats expectations as it continues to monitor Brexit implications The partnership commenced on 1 January and Vodafone partner markets [...]
City Pub Company guzzles Christmas sales as it prepares to float this year January 18, 2017 City Pub Company has raised a toast to this Christmas after it nearly doubled like-for-like sales over the five-week festive period. The figures The pub owner and operator said sales for the period to 1 January were up 47 per cent compared with the previous year, while sales for the whole of 2016 were up 37 per cent. It also bagged [...]
Pearson fails to make the grade as shares fall 30 per cent after firm cuts forecast January 18, 2017 Pearson's shares tumbled up to 30 per cent this morning, after the education company withdrew its profit goal for 2018. It has also announced plans to sell its stake in publisher Penguin House, after an "unprecedented period of change and volatility". A textbook perfect storm. Read more: These companies could start offering low-cost degrees The [...]
Sadiq Khan blames Tube strike troubles on “toxic hangover” left from Boris Johnson’s industrial relations January 18, 2017 Sadiq Khan came out swinging for his first Mayor's Question Time of the year, blaming strike troubles on "a toxic hangover" from Boris Johnson's mayoralty. The mayor has come under fire from London Assembly Conservative members for breaking his "zero days of strikes" made on his campaign trail. "What happened last week was the result [...]
Brexit bye byes: UBS becomes the latest bank to confirm it’s considering moving bankers from London January 18, 2017 UBS has become the latest bank to publicly restate it is planning to moving staff out of London because of Brexit, just a day after the Prime Minister's landmark speech. Speaking to Bloomberg at Davos, Andrea Orcel, UBS' investment bank president, hinted it was still up in the air what moves the Swiss banking giant [...]
While China’s demand for crude oil is growing, its output is falling January 18, 2017 Crude oil production in the Asia-Pacific is falling at a unique rate, according to a report from Wood Mackenzie, with China accounting for about half of the decline, Wood Mac’s Asia-Pacific upstream research director Angus Roger said. In 2016, the region pumped around 7.5 million barrels daily but this is about to drop to less [...]
HSBC boss Stuart Gulliver says jobs will be moving out of London to Paris January 18, 2017 We've already heard a lot about HSBC's plans to move jobs to France if Brexit negotiations don't go as the bank hopes. But yesterday Stuart Gulliver, the lender's chief executive, confirmed it is looking at moving jobs accounting for a hefty chunk of its revenues across the Channel. In an interview with Bloomberg at Davos, Gulliver [...]
The Brexit transition period could extend beyond the next election January 18, 2017 Post-Brexit transition measures could be in place until after the next General Election, Brexit secretary David Davis has said. Yesterday, Theresa May committed to a "phased" introduction for a new trading relationship with Europe, but today Davis stressed while such a process "won't be very long", it could last until 2021. May will launch two years [...]
Game Digital shares drop after sales fall and cash burn January 18, 2017 Shares in Game Digital flopped over three per cent this morning after the firm revealed "tough" trading in the UK had hit sales. The figures Like many other retailers, Game focuses on its gross transactional value (GTV): effectively the value of sales before any discounts are applied. Reporting its half-year numbers to the end of December, Game [...]