Majority of Londoners support TfL control over commuter rail services July 25, 2019 Nearly 60 per cent of Londoners want decision making on the railways to be taken by the mayor of London and Transport for London (TfL), a new poll has found. Research by Populus for the Rail Delivery Group (RDG), which represents train firms and Network Rail, found that 59 per cent of Londoners want decision [...]
Burford Capital posts profit bump as it hits back at critical analyst July 25, 2019 London-listed litigation funder Burford Capital today announced that its profit after tax grew 36 per cent to $225m (£180m) in the first half of 2019. The funder said litigation investment income in the six months to 30 June hit $264m, up 36 per cent from the same period the previous year. Burford said investment returns [...]
Boris Johnson repeats pledge to leave EU on 31 October in first speech to parliament July 25, 2019 Boris Johnson has repeated his pledge to take the UK out of the EU on 31 October in his first statement to the House of Commons as Prime Minister. Johnson told MPs that his mission was to deliver Brexit on 31 October. “I and all ministers in this government are committed to leaving on this [...]
Gordon Dadds boss says traditional law firms need to adapt to survive threat of Americans and the Big Four July 25, 2019 The boss of listed law firm Gordon Dadds today warned that traditional firms could be under threat if they do not respond to the challenge posed by incoming US law firms and the growth of the accountancy firms in the legal sector. “If you are not in a business which is fit for purpose moving [...]
National Express posts record profit of £113m in first half of 2019 July 25, 2019 National Express has posted a 15.3 per cent rise in operating profit for the first half of this year to a record £113.1m thanks to growth in all of its divisions. Read more: National Express revs up sales growth as it hits the road for Silicon Valley The figures Statutory profit before tax grew from [...]
Telefonica buoyed by handset sales as revenue falls flat July 25, 2019 Telefonica has posted flat revenue for the second quarter, as strong growth in handset sales offset the negative impact of exchange rates. Read more: Vodafone signs broadband deal with Telefonica Deutschland amid competition probe The Spanish telecoms giant posted revenue of €12.1bn (£10.8bn) in the three months to the end of June, while net profit [...]
Daily Mail owner on track as Mail Online growth props up revenue July 25, 2019 Daily Mail and General Trust (DMGT) today said it is on track for full-year trading in line with expectations, as strong growth for Mail Online offset a decline in business to business revenue. The publishing group posted a two per cent decline in revenue in the nine months to June after a mixed performance across [...]
Commuters urged to avoid travel as scorching heat threatens chaos July 25, 2019 Commuters have been urged to avoid travel today as the high temperatures cause delays and cancellations across the London network. Southern, Southeastern, Thameslink, LNER and the London Overground have all put speed restrictions in place to reduce the chances of tracks expanding and buckling under the heat. Read more: Retailes and bar chains set to [...]
More than 70,000 retail jobs lost amid high street struggles July 25, 2019 More than 70,000 retail jobs were lost over the last year as high street stores battle slowing sales and changing consumer habits. The total number of employees fell by 2.3 per cent in the second quarter, amounting to around 72,000 jobs being lost year-on year. Read more: Joules defies retail anguish with growth across the [...]
Retailers and bar chains set to cash in on heatwave July 24, 2019 This week’s heat wave could prove a bonus for retailers and pub chains which have struggled this year in comparison with 2018’s glorious summer. Temperatures tomorrow could smash the UK record for the hottest day ever with the Met Office predicting the mercury could rise to a maximum of 39℃. Russ Mould, investment director at [...]