More than 200,000 UK workers get Christmas pay rise in line with real living wage November 11, 2019 More than 200,000 employees from major UK companies are set for a pre-Christmas pay rise thanks to the “real living wage” campaign. Businesses signed up to the campaign will raise its London employees’ hourly wages by 20p to £10.75. Read more: Sajid Javid promises to increase nationa living wage to £10.50 Meanwhile, the hourly rate [...]
Carr’s Group beats expectations despite unseasonable weather impact November 11, 2019 Agriculture and engineering firm Carr’s Group narrowly beat full-year expectations despite the impact of unseasonable weather on its farming business . The figures Revenue increased 0.2 per cent to £403.2m, and adjusted profit before tax increased nine per cent to £18m. Read more: Carr’s Group profit slips amid Brexit uncertainty The company reported that net [...]
Publishing and events firm Informa buys stake in Founders Forum November 11, 2019 Publisher and events company Informa has taken a minority stake in entrepreneur network Founders Forum as it posted revenue growth for the first 10 months of the year. The FTSE 100 company’s investment will see the two firms launch a joint venture to offer “high-profile connections” in the tech industry and expand London Tech Week. [...]
Sterling jumps as Nigel Farage says Brexit party will not fight Conservatives in key seats November 11, 2019 Sterling has jumped against the dollar and euro after Brexit Party leader Nigel Farage said he will not fight the Conservatives in the 317 seats it won in 2017, giving a big boost to Prime Minister Boris Johnson. Read more: Brexit Party will not contest 317 Conservative-held seats at General Election Traders were heartened by [...]
Brexit Party will not contest 317 Conservative-held seats at the General Election November 11, 2019 Nigel Farage’s Brexit Party will not stand in the 317 Conservative-held constituencies in the General Election, after previously saying the party would field candidates in 600 seats. Farage said he would strip back the party’s campaign due to Boris Johnson’s statement yesterday concerning the UK’s post-Brexit relationship with the EU. Read more: Sterling jumps as [...]
Novartis agrees Aspen generics acquisition for €400m November 11, 2019 Swiss drugmaker Novartis announced today that it will buy Aspen Pharmacare’s Japanese generics unit in a deal worth up to €400m (£343.8m). The deal, which will expand Novartis’ presence in the world’s third-largest drug market, will include a €300m upfront payment, with a deferred amount not higher than €100m to follow on completion of various [...]
BBC signs on-demand deal with Sky as it bolsters iPlayer for streaming wars November 11, 2019 The BBC has struck a deal with Sky to integrate iPlayer into the firm’s pay TV platform in the corporation’s latest attempt to bolster its on-demand offering. The partnership will allow Sky Q customers to access the iPlayer app by pressing the red button when watching a BBC channel. Read more: BBC data breach leak [...]
Credit Suisse promotes veteran to boost ailing investment banking unit November 11, 2019 Credit Suisse is hoping to give its embattled investment banking arm a new lease of life after appointing a company veteran to take charge. David Miller, who currently serves as the Swiss bank’s global credit boss, is set to take over as the chief of its investment banking and capital markets unit. A quiet market [...]
Kier Group shares plummet as broker lowers target price to £1 November 11, 2019 Kier Group shares fell nearly nine per cent this morning after a note by broker Jefferies lowered its recommended price to 100p. The construction group’s stocks have been hovering around 100p for five months, since it announced it would be making 1,200 people redundant in June, and that it would look for a buyer for [...]
Sainsbury’s signs wholesale deal with Australia’s Coles November 11, 2019 Sainsbury’s has agreed a deal to provide Australian supermarket Coles with own-brand products as the UK grocery giant seeks to strengthen its wholesale business. The range, which will be labelled under the Coles brand, will include packaged groceries and household products. Read more: Sainsbury’s half-year profits slide Through the deal, Sainsbury’s will also analyse which [...]