Ex- Labour MP Luciana Berger to contest London seat for Lib Dems at next election September 26, 2019 Former Labour MP Luciana Berger has said she will contest the north London seat of Finchley and Golders Green in the next general election. The former MP of Liverpool Wavertree will stand for the Liberal Democrats in north London seat, which is currently held by Tory MP Mike Freer. Read more: Ex-Labour MP Luciana Berger [...]
17,000 more Thomas Cook passengers flown back to UK September 26, 2019 Around 17,000 people were flown home on specially chartered planes yesterday three days after they were left stranded by the failure of Thomas Cook. The Civil Aviation Authority said it managed to bring back 95 per cent of all customers whose Thomas Cook flights were scheduled on the day. It flew 71 different flights. Read [...]
Softbank in talks to invest extra $1bn in Wework September 26, 2019 Softbank is planning to invest an extra $1bn in flexible office space provider Wework, changing a warrant agreement made before the firm delayed its initial public offering (IPO) plans. The Japanese investor originally agreed to pump $1.5bn into the co-working startup, allowing Wework to access the funds next April in return for Class A common [...]
Sofa retailer DFS warns fewer house sales will impact trading September 26, 2019 Furniture retailer DFS this morning warned that weakening consumer confidence and a slump in housing transactions has impacted sofa sales. The figures The company has changed its accounting reference date to 30 June, meaning this morning’s results cover a shortened 48 week period. Read more: DFS warns investors of volatile political threat to sales Profit [...]
Foxtons chair steps down after turbulent year September 26, 2019 The chair of Foxtons said he would step down this morning after half a dozen years at the head of he board during which the share price has plummeted. Gary Watts will have stepped down by the time the real estate agent holds its annual general meeting in May next year. Read more: Foxtons sales [...]
Pearson share price drops as weak print sales hurt profit September 26, 2019 Pearson’s share price dived over 14 per cent this morning as it warned that profits will fall to the bottom of its guidance range this year. The education publishing brand said “weaker than expected” sales in its US higher education courseware division mean adjusted operating profit will hit £590m, far off the £640m it had [...]
Boris Johnson condemned over Jo Cox comments September 26, 2019 Prime Minister Boris Johnson has been criticised for dismissing Labour MPs’ calls to moderate his language in light of the murder of MP Jo Cox – a request he described as “humbug” in the Commons last night. Labour MP Paula Sherriff had asked Johnson to stop using language such as “betrayal”, “traitor”, and “surrender” when [...]
US vaping deaths hit growth at Imperial Brands September 26, 2019 Imperial Brands warned this morning that it will fall short of expected growth in its vaping business after several deaths in the US were linked to e-cigarettes. The company said that events in recent weeks has caused a “marked slowdown” in growth of its vaping sector. There is no suggestion Imperial’s products caused the deaths. [...]
Peloton IPO: At-home exercise firm prices float at $29 per share September 26, 2019 Exercise bike firm Peloton has priced its initial public offering (IPO) at $29 per share to value the company at $8bn (£6.47bn). Peloton priced its float at the top of its $26 to $29 range last night as it looks to raise $1.16bn. Read more: Why Wework’s IPO strategy is not working for investors The [...]
Dutch bank ABN Amro probed under terror financing rules September 26, 2019 Prosecutors in the Netherlands have opened a investigation into Dutch bank ABN Amro over potential money laundering or financing of terrorism. The bank said it was informed of the decision yesterday. “ABN Amro will cooperate fully with the investigation,” it said. Read more: Former head of Danske Bank in Estonia found dead Prosecutors told Reuters [...]