Norwegian Air appoints new chief executive to lead it back to profit November 20, 2019 Norwegian Air has named Jacob Schram, a senior adviser at management consultant McKinsey, as its new chief executive. Schram, 57, takes up the mantle as the low-cost flyer struggles to soothe investors’ concerns about its finances. The Norwegian national will take over on 1 January. Read more: Norwegian Air cuts routes to US from Ireland [...]
Eco Atlantic shares fall after heavy crude discovery November 20, 2019 Shares in oil and gas explorer Eco Atlantic fell over seven per cent today after the company confirmed it was evaluating the commercial prospects of its major oil discovery off Guyana. Read more: Tullow Oil shares plummet as Ghana fields run into problems The figures Despite the shareholder reaction, Eco was bullish in its first [...]
Upper Crust owner SSP announces £100m share buyback November 20, 2019 Upper Crust owner SSP Group this morning announced plans to buy back £100m of shares as it reported sales grew this year due to an increase in air and rail passengers. The figures SSP Group, which has around 2,800 outlets at global transport hubs, said like for like sales were up 1.9 per cent due [...]
Fashion logistics firm Clipper’s shares soar as it confirms takeover bid November 20, 2019 Fashion delivery player Clipper saw its shares soar in early trading after confirming a takeover approach from a private equity giant. Steve Parkin, who founded Clipper in 1992 before taking it public in 2014, is reportedly plotting a £300m offer for the firm alongside US private equity giant Sun Capital Partners. Read more: Clipper founder [...]
Celebrating Germany’s recession dodge? The data isn’t quite as solid as you think November 20, 2019 Ardent Remainers had a rare bit of good news at the end of last week. The latest statistics for the German economy showed that, contrary to expectations, it had not fallen into recession in the July-September period. Economists have come to define a recession as a period when a country’s GDP falls for two quarters [...]
Meet the UK’s 70 fastest-growing tech firms November 20, 2019 70 of the most promising high-growth tech firms in the UK have been named as the country’s top scaleup companies by tech group Silicon Valley Comes to the UK (SVC2UK). Media intelligence company Signal AI, car insurance specialist Cuvva, and online plant store Patch are among the firms that have been selected for SC2UK’s 2019 [...]
Greg Hands: Vote Lib Dem, Get Labour November 19, 2019 Greg Hands, the Conservative candidate for Chelsea and Fulham, tells Cat Neilan why this is the toughest election he’s had to fight BEING a Conservative candidate in some of London’s most exclusive constituencies used to be a walk in one of their leafy parks. But such is the political realignment in the wake of Brexit [...]
General Election 2019: Boris Johnson and Jeremy Corbyn go head-to-head in ITV leaders’ debate November 19, 2019 This story is being updated live, please hit enter to refresh regularly. 8:55pm Corbyn is now wrapping up – telling voters this is “a once in a generation” opportunity to vote for change. Johnson says it is the chance to “get Brexit done”, and that Corbyn having failed to answer questions about a second Brexit [...]
John McDonnell threatens to delist firms that fail to tackle climate issues November 19, 2019 John McDonnell has revealed Labour’s plans for “rewriting the rules” of business, which include delisting firms who fail to take “adequate steps” to deal with the climate emergency. The shadow chancellor this morning set out details of the party’s vision for corporate governance, accountability and regulation, bemoaning the status quo in which employees are treated [...]