Jewellery maker Pandora warns of steeper sales decline November 5, 2019 Jewellery retailer Pandora this morning warned of a steeper fall in sales this year, as it said efforts to revitalise the brand had weighed on costs in the third quarter. Pandora said organic growth in 2019 is expected to be minus seven per cent to nine per cent, compared to previous guidance of a three [...]
General election poll: Conservatives lead Labour by seven points November 5, 2019 Prime Minister Boris Johnson’s Conservative Party has a seven-percentage point lead over the Labour Party, according to an ICM poll. The poll put the Conservatives on 38 per cent and Labour on 31 per cent. The Liberal Democrats were supported by 15 per cent of those polled, while the Brexit party was backed by nine [...]
Xerox to sell off stake in Fuji Xerox for $2.3bn November 5, 2019 Xerox has sold off its 25 per cent holding in Fuji Xerox, bringing an end to one of the largest and oldest cross-border partnerships between a Japanese and US firm. Fujifilm has snapped up Xerox’s stake in Fuji Xerox, giving Fujifilm complete control of the company. Read more: Ousted McDonalds CEO is allowed to keep [...]
Up in smoke: Imperial Brands profit shrinks as regulators knock vaping November 5, 2019 Imperial Brands blamed “tough trading” in its vaping division after full-year profits slipped and shareholders saw earnings per share fall by a quarter. Read more: BAT to axe 2,300 jobs as it focuses on vaping The figures Operating profit fell 8.7 per cent to £2.2bn in the 12 months to the end of September. That [...]
Bayer leads $25m investment round for healthcare start-up Medopad November 5, 2019 Digital healthcare start-up Medopad has earned $25m in an investment round led by Leaps by Bayer, the German pharmaceutical multinational’s venture capital arm. The investment, which brings Medopad’s total funding to over $50m, will be used to help develop the company’s digital health platform and to fund new clinical studies. Read more: Investment bank in [...]
IPO costs knock Trainline into loss despite jump in ticket sales November 5, 2019 Trainline fell to a post-tax loss of £89m following its June IPO despite a 20 per cent boost to net ticket sales in its half-year results, it said today. Read more: Trainline increases revenue expectations as sales soar The figures Trainline recorded an £89m loss after tax in the six months to the end of [...]
Primark bounce helps offset sugar slump at ABF November 5, 2019 Ingredients group Associated British Food posted a slight rise in profit for the last 12 months, as a strong showing in fashion arm Primark offset a sharp slowdown in its embattled sugar business. Shares in the FTSE 100 group climbed four per cent to 2,329p in early morning trading. The figures Adjusted operating profit hit [...]
Boardrooms are snoozing on the UK’s sleep crisis November 5, 2019 Britain’s productivity has long been the bane of the economy. Latest figures from the Office for National Statistics show that UK output has declined year-on-year since 2014 and lags behind the rest of Europe. Clearly, there’s no silver-bullet solution to turning the tide – it will take a mix of tried-and-tested measures, like application of [...]
Corbyn takes Brexit policy to Essex as PM demands answers on Labour’s second referendum November 5, 2019 Jeremy Corbyn is heading to one of the most pro-Leave parts of the country as he attempts to take on the Conservatives over Brexit. The Labour leader will today tell voters in Harlow, Essex that he will “get Brexit sorted within six months” through a second referendum with the choice of either remaining in the [...]
DEBATE: Can the Tories win on the NHS? November 5, 2019 Can the Tories win on the NHS? Lauren McEvatt, a former Wales Office special adviser and managing director at Morpeth Consulting, says YES. The Tories can win on the NHS, because the Tories can win in Wales. Yesterday’s Welsh Barometer poll has the Conservatives on track to gain nine seats from Labour. The success of the [...]