Jet Airways share price soars amid Tata Sons takeover talk November 16, 2018 Jet Airways share price jumped up by almost seven per cent on Friday following reports that the airline is close to a deal with Indian conglomerate Tata Sons. The stock was up 6.26 per cent on Friday afternoon and hit a two month high, rallying nearly 60 per cent over the past month. The debt-laden airline [...]
British builder Kier Group confident of meeting full-year expectations with results weighted towards second-half of financial year November 16, 2018 Kier Group has announced that it is confident of meeting its full-year expectations ahead of its AGM today, with the full-year results being weighted towards the second half of the financial year. The FTSE 250 listed company have said it will continue to focus on operational cash generation and reducing net debt as part of their Future Proofing Kier (FPK) [...]
Dubai-based airline Emirates hit by 50 per cent profit drop as fuel costs bite November 15, 2018 Dubai-headquartered airline Emirates suffered its lowest half-year profit in a decade as it warned “the next six months will be tough". Emirates today said its profit plunged 53 per cent to 1.1bn United Arab Emirates dirhams (£240m) while revenue climbed 10 per cent to 54.4bn United Arab Emirates dirhams (£48.3bn). It said its results were [...]
Safestore plans four new units after year of strong growth November 15, 2018 Shares in Safestore dropped sharply despite the company showing growth in the financial year as it filled up its storage units in France and the UK. Revenues for the year ending October rose by 10.8 per cent to 143.9m, or 5.6 per cent on a like-for-like basis, the company said in a trading update today. [...]
TfL bosses stopped claiming expenses during the summer as the Elizabeth Line hit the rocks November 15, 2018 Transport for London (TfL) bosses did not claim any expenses over the summer while it was embroiled in troubles regarding the £15.4bn Elizabeth Line. From July to September, TfL bosses claimed no expenses for work-related activities such as travel costs, dinners and work mobile phones for the first time since 2013, the first year for which data is available. In 2013, [...]
Profits slide at Royal Mail as it promises to deliver on turnaround strategy November 15, 2018 Shares fell as Royal Mail promised a “clearer focus” on financial performance and management accountability today after its profits dropped by over a quarter for the opening half of the year. Chief executive Rico Back said the company will renew its focus on customers just a month after issuing a profit warning that saw shares tumble, [...]
Debate: Following a share price dive, should we be worried about Interserve’s future? November 15, 2018 Debate: Following a share price dive, should we be worried about Interserve’s future? Yes – John Tizard is an independent strategic adviser. Interserve’s story seems to have some parallels with Carillion. Construction firms appear to find public service outsourcing challenging, with problems caused by clashes in culture and different expectations for margins. Contracts must be [...]
New Crossrail boss to be paid £45,000 more than predecessor Simon Wright amid ongoing project troubles November 14, 2018 Incoming Crossrail boss Mark Wild is set to earn £415,000 – a £45,000 increase on the earnings of his predecessor, Simon Wright. Wild, the current managing director of the London Underground, will retain his Transport for London (TfL) salary of £285,000 on top a non-consolidated allowance of £130,000 for his role as Crossrail CEO. He [...]
Easyjet marks milestone in efforts to get more women piloting jets November 14, 2018 Easyjet has reached a key point in its journey to increase its proportion of female pilots, as it sets a course for one-fifth of its new recruits being women by 2020. Over the past year, 15 per cent of its newly-recruited pilots have been women. In 2015, just six per cent were female. The airline [...]
Market jitters post-Carillion collapse hit Interserve shares November 14, 2018 Market jitters over the stability of outsourcing firms following the high-profile collapse of Carillion sent Interserve’s share price plummeting this week. The company’s share price was volatile today after falling to the lowest level in more than 30 years on Monday following a statement from joint venture partner Renewi which revealed that Interserve had experienced [...]