Meet Beam, the social enterprise crowdfunding training for homeless people December 12, 2019 Charitable giving is one of the hallmarks of the festive season. And with the weather getting colder at Christmas, it’s important to highlight the desperate situation facing London’s homeless population. Estimates vary, but it’s believed that roughly 170,000 people are homeless in the capital. The vast majority of these are living in homeless shelters, hostels, [...]
Game on at smoky Barrels virtual shooting experience December 12, 2019 | Sponsored Enjoy the City’s first ‘virtual hunting experience’ alongside a slap-up Scottish meal at Smoky Barrels. Not often do you stumble upon a shooting range in the middle of the Square Mile, but with the arrival of Smoky Barrels to Devonshire Square, it’s now possible to go great guns on post-work drinks. Smoky Barrels is the [...]
WPP kicks off £300m share buyback December 12, 2019 WPP today said it has entered into an agreement with Goldman Sachs to buy back up to £300m in shares, following its $4bn sale of market research firm Kantar. Shares are up just over two per cent on the news. The advertising giant said the share buyback programme will begin today and continue until 18 [...]
Opportunities in an evolving financial industry December 12, 2019 | City Talk In today’s investment landscape, a paradigm shift is underway. Economic headwinds, ever-changing financial regulations, and the rise of artificial intelligence (AI) and financial technology are transforming the industry. What clients want is evolving, too. Returns alone are not enough. Clients today are looking for asset managers who can meet a comprehensive set of needs and deliver greater value [...]
Superdry swings to £4.2m loss as Dunkerton hits reset button December 12, 2019 Superdry’s swung to a £4.2m loss in its first half-year results under co-founder Julian Dunkerton since his return to the helm, the firm revealed today. Read more: Saga appoints ex-Superdry boss Euan Sutherland as new CEO The figures Superdry witnessed underlying profits implode as they sank 98.4 per cent year on year to just £200,000 [...]
Costain shares plunge after Welsh arbitration leaves it £20m out of pocket December 12, 2019 Costain shares plummeted 16 per cent today after it warned profit will be about £20m lower than expected after an arbitration case over a Welsh motorway project. The announcement follows a ruling that found the firm shared responsibility for design information on the A465 road project with the Welsh government, a partial reversal of a [...]
Takeaway extends Just Eat takeover offer as it secures a slice of the vote December 12, 2019 Takeaway.com today said it has secured support for its Just Eat takeover offer from a chunk of shareholders, as it flexed its muscles amid a frantic bidding war with Prosus. The Dutch food delivery firm has tabled an all-share offer worth roughly £4.3bn, which has been recommended by the Just Eat board. Read more: Just [...]
Dixons Carphone narrows losses as turnaround stings retailer December 12, 2019 Dixons Carphone narrowed losses in its latest half-year performance but a turnaround strategy took its toll on profits, the mobile phone seller revealed today. Read more: Dixons Carphone suffers investor backlash over pay The figures Dixons Carphone pared its loss before tax back to £86m, from a deep loss of £440m this time last year. [...]
Ocado joint venture with Marks & Spencer ‘working well’ December 12, 2019 Ocado has said its joint venture with Marks & Spencer is “working well,” as the retail delivery giant said revenue growth slowed slightly in its latest quarter. The firm saw growth in weekly orders, but stable average order size for the 13 weeks to 1 December. Read more: Ocado sales growth accelerates after Andover fire [...]
General election 2019: Tory lead over Labour shrinks in latest poll December 12, 2019 A shock last minute poll has given the Conservatives their smallest lead of the 2019 election campaign. A Savanta ComRes poll for The Telegraph has the Tories on 41 per cent and Labour on 36 per cent. Read more: General Election: Moment of truth for Boris Johnson and Jeremy Corbyn The polling means the outcome [...]