Broker Finncap reports jump in first half turnover thanks to M&A boost November 25, 2019 Finncap has reported a jump in turnover for the first half amid “very testing market conditions”, with the broker boosted by strong performance of its M&A division. The figures The company reported a jump in turnover of just over 56 per cent in the six months to 30 September. Turnover hit £14.2m during the period, [...]
TfL bans Uber from London after ‘pattern of failure’ leaves passengers at risk November 25, 2019 Transport for London (TfL) today effectively banned Uber from the capital, saying the company was not a “fit and proper” operator. TfL said safety breaches had “left passengers at risk” and that Uber did not have “a robust system for protecting passenger safety”. It added that a “pattern of failure” was behind its decision to [...]
The Restaurant Group shares fall as Wagamama reports slowing growth November 25, 2019 Wagamama owner The Restaurant Group suffered a share price drop this morning after the Asian fusion chain reported slowing sales growth in the second quarter. Like-for-like sales growth was 6.3 per cent in the UK, less than half the 12.9 per cent growth reported in the first quarter of the year. Read more: The Restaurant [...]
Uber rivals sharpen their knives after ride-hailing app loses London licence November 25, 2019 Uber’s biggest London competitor has accused the company of having a “toxic corporate culture” and for being a habitual regulation dodger in the wake of the app losing its London operating licence. The announcement to ban the app came this morning in a sensational decision, which saw TfL find that Uber was “not fit and [...]
Novartis agrees $9.7bn deal for US heart drug maker November 25, 2019 Novartis has announced it will buy American drug company the Medicines Co for $9.7bn (£7.6bn) in the hope its new cholesterol drug Inclisiran will reshape the heart medicine market. The Swiss drugmaker is paying $85 per share, a 24 per cent premium on the Medicines CO’s Friday closing price of $68.55. Read more: Novartis agrees [...]
Labour policies could cause run on sterling, says think tank Cebr November 25, 2019 A Labour government could cause a run on the pound due to market fears over the party’s stewardship of the economy, a leading economic think tank has said. Douglas McWilliams, director of the Centre for Economics and Business Research (Cebr), called Labour’s plans to raise £83bn a year through higher taxes by 2023-24 “improbable”. Read [...]
Retail sales improve in run up to Christmas November 25, 2019 UK retailers saw sales improve in the year to November after six months of decline as high street stores gear up for the crucial Christmas trading period. Retailers reported largely unchanged sales volumes this month, driven by strong grocery sales, and the industry expects growth to return in the year to December. Read more: Shoppers [...]
Man hit by Tube at Oxford Circus suffered ‘extensive’ injuries November 25, 2019 A commuter who fell in front of a Tube train at Oxford Circus last week suffered “extensive” injuries and is still in intensive care but is no longer on life support, his family have said. The 25-year-old man suffered a medical episode and fell in front of an incoming train at 5.30pm on Wednesday, British [...]
Mo Robinson pleads guilty to assisting illegal immigration in Essex lorry deaths case November 25, 2019 Lorry driver Mo Robinson, who is accused over the deaths of 39 Vietnamese migrants, has pleaded guilty to plotting to assist in illegal immigration. Appearing by video link at the Old Bailey this morning, the 25-year-old from Craigavon in Northern Ireland, whose full name is Maurice Robinson, was asked not to enter a plea to [...]
DEBATE: Would Modern Monetary Theory be a viable strategy to boost the UK economy? November 25, 2019 Would Modern Monetary Theory be a viable strategy to boost the UK economy? Melissa Davies, partner and chief economist at Redburn, says YES. Profound changes have opened the door to creative policy-making in the UK. All the parties have abandoned fiscal belt-tightening, and the Bank of England has implicitly acknowledged that it will continue to [...]