EU Commission unveils ‘European Green Deal’ in Brussels December 11, 2019 The president of the EU Commission today in Brussels set out the details of her long-expected “European Green Deal”, as the UN climate summit continues in Madrid. Ursula von der Leyen described the plan, which would make the EU the world’s first climate neutral continent by 2050, as Europe’s “man on the moon moment.” Read [...]
M&C Saatchi shares tumble after boardroom bloodbath December 11, 2019 Shares in M&C Saatchi tumbled almost six per cent today as investors reacted to a boardroom bloodbath that sent shockwaves through adland. Lord Maurice Saatchi, who founded the advertising behemoth, last night announced that he was stepping down as executive director. Read more: Lord Saatchi steps down from M&C Saatchi Fellow Conservative grandee Lord Dobbs, [...]
Credit Suisse cuts profit targets and pivots away from coal December 11, 2019 Credit Suisse faces missed targets and losses next year, after the bank cut its profitability target for 2020. The Swiss bank expects return on tangible equity – a profitability metric – to be over eight per cent, a drop from previous expectations of 10-11 per cent. Read more: Credit Suisse profit doubles amid rise in [...]
Telefonica shuns security fears as it picks Huawei for German 5G network December 11, 2019 Telefonica Deutschland has tapped Huawei to build its 5G network in Germany, despite concerns that the Chinese telecoms firm could pose a threat to national security. Germany’s second-largest mobile company today said it will slash its dividend almost 40 per cent as it prepares to pump money into the new network, which will also use [...]
Election 2019: Sterling rises as traders await vote December 11, 2019 Sterling has risen against the dollar ahead of tomorrow’s General Election, recovering the ground it lost yesterday after a closely-watched poll halved the Conservative party’s expected majority. The rise continues the growth spurt sterling has been through since the start of December, which has been driven by polls predicting a Tory election victory. Traders by [...]
General election: Tories to have lower primary vote than in 2017, new poll warns December 11, 2019 Pollsters who correctly predicted President Donald Trump have forecast that the Tories will win fewer votes tomorrow than under Theresa May in 2017’s disastrous election. Polling from FTI Research predicts the Conservatives’ primary vote will fall from 42.4 per cent in 2017 to 40 per cent in tomorrow’s General Election. Read more: Election 2019: Leaders [...]
AA shares leap as firm plans bond buyback December 11, 2019 Shares in motoring association the AA jumped 15 per cent today after the company announced a possible share buyback after a positive first half. The company, which provides insurance, driving lessons and breakdown cover also said it intends to pursue a range of debt tenders, redemptions and issuances over the coming months. Read more: Supercuts [...]
Brits ‘wrongly’ told they can vote tomorrow after IT glitch December 11, 2019 Some people who are not on the electoral register have been wrongly told they can vote in tomorrow’s election due to an IT error. The Electoral Commission confirmed that a “small number” of people had been affected by the mistake, but did not specify a number. Read more: Election 2019: Leaders give one final push [...]
Election 2019: Leaders travel across UK in final push December 11, 2019 Party leaders are travelling across the country today in a last ditch plea to appeal to voters before the polls open for tomorrow’s General Election. Boris Johnson got his day started before sunrise by doing a milk round in South Yorkshire. Read more: Election 2019: The many losers, and occasional winners, of the campaign He [...]
Greta Thunberg crowned Time Person of the Year 2019 December 11, 2019 Time named teenage climate activist Greta Thunberg as its person of the year today, after she inspired worldwide protests against inaction on tackling climate change. The 16-year-old Swedish climate activist, whose school strikes in 2018 sparked the so-called Fridays for future movement, is the youngest person to win the prestigious magazine title. Read more: Greta [...]