IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details
Pound slips on coronavirus trade slump February 28, 2020 | City Talk GBP / EUR Update It was an up and down week for the pound. At the end of last week, it had made an average gain of 0.3%, but the positivity was short-lived. At the beginning of this week, retail sales showed a 0.9% increase after two months of decline, but the pound was pushed [...]
CMA considers enforcement action against developers over ‘troubling’ leasehold mis-selling claims February 28, 2020 The Competition and Markets Authority (CMA) is set to launch enforcement action against developers after finding “troubling evidence of potential mis-selling and unfair contract terms”. The watchdog launched a probe into the industry last year and confirmed today that it had found evidence of “serious issues” within the housing sector. The issues revolve around the [...]
Foxtons shares slip after profit takes Brexit blow February 28, 2020 Estate agent Foxtons has posted a 30 per cent drop in annual profit against the backdrop of last year’s Brexit uncertainty. Earnings before interest, tax, depreciation and amortisation (Ebitda) fell to £2.5m during 2019, a year-on-year decrease of 30 per cent from 2018’s £3.6m. The estate agent narrowed its loss before tax from £17.2m last [...]
UK braced for 70mph winds and downpours as Storm Jorge makes landfall today February 28, 2020 The UK is braced for yet another weekend of severe weather as Storm Jorge prepares to make its landfall later today. The Met Office has issued rain warnings for parts of Wales and Northern England, saying that parts of the country could see 60-80mm of rainfall in the worst affected areas. London and the south [...]
British Airways owner IAG warns of coronavirus hit to 2020 profit February 28, 2020 British Airways-owner IAG today said that it was “not possible” to give an accurate forecast for its full year profit as the coronavirus outbreak continued to disrupt the airline group’s operations. The firm said the net impact of current cancellations had lowered its capacity across the whole year by two per cent as the airline [...]
Easyjet to cancel Italy flights as coronavirus hits demand February 28, 2020 Budget airline Easyjet today said that it would cancel a number of flights to Italy as it warned of a “significant softening of demand” across its short-haul network as the coronavirus outbreak continued to impact global airlines. The firm said it would continue monitor the situation and adapting its flying program to support demand. Shares [...]
UK house prices grow at fastest rate for 18 months in February February 28, 2020 UK house prices grew at their fastest rate since July 2018 in February, according to Nationwide figures released today. February’s annual rise of 2.3 per cent, up from 1.9 per cent in January, was UK house prices’ strongest rate of growth in 18 months. That left the average UK house price at £216,092, up from [...]
Rolls-Royce falls to £852m loss as engine trouble persists February 28, 2020 FTSE 100-listed Rolls-Royce today reported a loss of £852m after problems with its Trent 1000 engine overshadowed record engine deliveries at the firm. The figures Operating profit rose 25 per cent to £808m, ahead of £616m last year, driven largely by an improvement in the engine maker’s civil aerospace division. Revenue increased seven per cent [...]
Focus on Isle of Dogs: Dog days are over for once-neglected peninsula as new development abounds February 28, 2020 There are two questions that residents of the Isle of Dogs are often asked. First, why is it called the Isle of Dogs? The boring explanation is that it’s a corruption of a more sensible water-related name like the Isle of Ducks. The grim one is that it was so called because of the sheer [...]
Keir Starmer is reminding Labour what winning looks like February 28, 2020 For Labour members, the interminable leadership contest has been a never-ending ordeal. Increasingly desperate pleas from the candidates have been interrupted only by a line of unwatchable TV debates. For everyone else, it has barely registered. Coronavirus, floods, and the internal battles within Downing Street have far overshadowed the question (as Have I Got News [...]