Superdry’s share price decline continues after profit warning January 13, 2020 Superdry’s share price continued to dive today after the embattled retailer issued a profit warning last week following weak sales over the crucial Christmas trading period. The fashion chain’s shares dropped more than eight per cent this morning to 401.2p, before recovering slightly in the afternoon to 412p. Read more: Superdry shares plunge as it [...]
Tiktok mulls curated content feed in bid to woo advertisers January 13, 2020 Tiktok is said to be mulling the launch of a curated content feed as the Chinese social media app looks to assuage advertiser fears over harmful material posted to its platform. The video-sharing firm is considering setting up a new stream that would contain carefully vetted content from so-called Tiktok creators or videos from professional [...]
Harrods security guards vote on strike action January 13, 2020 Harrods security guards have begun to ballot for strike action today following a dispute between union members and management over pay. Members of Unite will decide whether to launch industrial action over a below inflation pay rise and unpaid work. Read more: Man charged with murder for fatal Harrods stabbing The union said members are [...]
Iran’s ambassador to UK summoned by Foreign Office following arrest of British ambassador January 13, 2020 Iran’s ambassador to the UK has been summoned by the Foreign Office in response to the “unacceptable” arrest of the British ambassador to Iran in Tehran this weekend. Robert Macaire was detained for a short time on Saturday night after attending a vigil for those who died when Iranian forces mistakenly shot down a passenger [...]
Sacked former Boeing boss Dennis Muilenburg leaves with $62m payout January 13, 2020 Former Boeing boss Dennis Muilenburg has left the firm with a $62m (£48m), despite having overseen one of the most disastrous years in the company’s 104-year history. The payment comes in compensation and pension benefits, but Muilenburg will not get severance pay, according to Boeing. Read more: Boeing 737 MAX ‘designed by clowns’ internal memos reveal [...]
Car manufacturers on track for emissions fines of €14.5bn in 2021 January 13, 2020 Europe’s top 13 car makers will face fines of up to €14.5bn (£12.4bn) for missing their 2021 emissions targets, according to a new forecast from PA Consulting. After four years of decreasing emissions, a rise in the number of customers buying SUVs, stronger demand for high-powered cars, and a shift in preference to petrol cars [...]
Major sacrifices will have to be made for rushed Brexit trade deal, report claims January 13, 2020 Rushing a post-Brexit trade deal to meet the end-of-year deadline will require major sacrifices to be made and will leave businesses with just weeks to adapt to the new trading terms, a new report claims. The Institute for Government believes Boris Johnson and team will have to accept only “a narrow agreement” can be reached [...]
Astrazeneca takes $100m hit on failed heart disease drug tests January 13, 2020 Astrazeneca is in line for a $100m hit after a heart disease drug was shown to be ineffective in treating certain heart conditions in tests. After the disappointing results, the drug manufacturer said it would stop running trials on the drug, known as Epanova. Read more: Astrazeneca beats estimates in strong third quarter It also [...]
City Pub Group warns 2019 profit will miss expectations January 13, 2020 The City Pub Group this morning warned that 2019 profit will fall short of expectations after “one-off factors”, including political uncertainty and strikes on London commuter train services, impacted performance over the Christmas trading period. The firm’s share price fell more than eight per cent this morning after it announced that earnings before interest, tax, [...]
Savills’ sales ‘resilient’ despite Brexit and Hong Kong protests January 13, 2020 Estate agent Savills said sales were resilient last year despite political uncertainty related to Brexit, adding that the UK market picked up following Boris Johnson’s election victory. In a trading update this morning the company said full-year results will be at the upper end of expectations following an “excellent performance” in the UK, growth in [...]