Sajid Javid will remain chancellor if Conservatives win election November 18, 2019 Boris Johnson has confirmed Sajid Javid will remain chancellor if the Tories are re-elected. Johnson emphatically confirmed Javid would continue in the post at this morning’s CBI conference in London. Read more: Sajid Javid: My pitch to the businesses of Britain “I’m going to give you an absolutely categorical assurance I will keep Sajid Javid [...]
Labour’s nationalisation plans: The threat and opportunity November 18, 2019 | City Talk The Labour Party is expected to release its manifesto this week, with leader Jeremy Corbyn promising to publish “the most transformative, radical and exciting programme ever put before the British electorate”. The party is set to recommit to some of its major pledges made in 2017, including plans to bring energy, water, rail and mail [...]
Diploma raises dividend on the back of strong 2019 performance November 18, 2019 London-listed Diploma today announced that it would list its final dividend by 15 per cent, after posting strong double-digit growth in both earnings and revenue. Shares in the company rose nearly three and a half per cent during the morning’s trading. Read more: Industrial parts supplier Diploma eyes further acquisitions The figures The company, which [...]
UK tech firm IQE’s shares plunge after second revenue warning November 18, 2019 Shares in UK technology company IQE have plunged over 20 per cent after the firm issued its second revenue warning in five months. Read more: Shares in chipmaker IQE plummet as it warns Huawei ban will hit profits IQE, which makes parts for chips used in products made by Apple and various Asian manufacturers, said [...]
Pawnbroker H&T’s share price plunges on FCA review November 18, 2019 Shares in the UK’s leading pawnbroker plummeted this morning after the firm revealed it was working closely with the City watchdog to review its high-cost short term credit (HCSTC) loans business. H&T group’s share price crashed 25 per cent in early morning trading, with the firm announcing it has ceased all HSCTC unsecured lending, at [...]
Sage to sell payments arm to US Bancorp subsidiary November 18, 2019 UK software firm Sage Group is set to sell its payments arm Sage Pay for around £230m to Elavon, a payments firm and unit of US Bancorp. Read more: Sage kicks off sale of payments processing business Sage Pay is a major provider of payment services in both the UK and Ireland. Announcing the deal, [...]
Battle for the bourse: Two stock exchange operators in race to buy BME November 18, 2019 Two rival stock exchange operators are battling it out to buy Spanish bourse BME. In a sign of the consolidation efforts within Europe’s financial exchanges sector, Euronext and SIX Group have both revealed they have had talks to buy the Madrid-based national stock exchange Bolsas y Mercados Espanoles. Read more: Debate: Should the London Stock [...]
Boris Johnson to woo businesses with extensive tax breaks November 18, 2019 Prime Minister Boris Johnson will today offer British companies a series of tax cuts and breaks as he seeks to mend his relationship with the country’s firms. Read more: Boris Johnson’s Conservative party opens up 17-point poll lead In a speech to the annual CBI conference in London Johnson will pledge to cut the taxes [...]
John Lewis, Ikea, or Aldi — which 2019 Christmas advert is the winner? November 18, 2019 From clumsy dragons to evil sprouts, here’s our review of the festive adverts from some of the UK’s biggest retailers. M&S Food: This Is Not Just Food… This Is M&S Christmas Food The premise of this entire advert hinges on presenters Paddy McGuinness and Emma Willis, who swan around a Christmas market for 1.30 minutes as [...]
How the pound could react to a Tory General Election victory November 18, 2019 Buffeted by Brexit and a global economic slowdown, the pound has had a wild ride in 2019. Now, City economists believe sterling is at a crossroads, with the upcoming General Election poised to send sterling soaring – or diving. A Conservative majority could fire the pound above $1.40, analysts said, but a Labour victory may [...]