Election 2019: Labour frontbencher Ashworth recorded slamming Corbyn’s electoral appeal December 10, 2019 Labour’s shadow health secretary Jon Ashworth has sought to downplay a recording of him criticising Jeremy Corbyn, insisting the conversation was just “banter” between friends. Ashworth appeared to suggest Corbyn posed a threat to national security, saying the civil service would “pretty quickly move to safeguard security” if Labour won the election. He also said [...]
Thomas Cook: Regulator ‘very sorry’ for refund delay as customers wait more than two months December 10, 2019 Britain’s aviation regulator has apologised to thousands of Thomas Cook customers facing delays to refunds owed to them after the travel firm collapsed. Paul Smith, director of the Civil Aviation Authority, said the organisation was “very sorry,” adding that the CAA was “working tirelessly” to put the payments through. Read more: Gatwick airport to lose [...]
Stocks in education firm RM plc slide as revenues stagnate December 10, 2019 Stocks in education software company RM plc are down more than three per cent in morning trading, after the company predicted revenue would stagnant for the year. RM’s predicts revenue for the 12 months to November rose by just £3m to £224, with profit before tax to tick up by £300m to £26.3m. Read more: [...]
Huawei Mate 30 Pro: Reviewers slam Google-free phone for lack of apps December 10, 2019 Chinese tech giant Huawei has received a cool response to the launch of its first Google-free phone, the Huawei Mate 30 Pro, in France yesterday. Reviews of the device were far from glowing as critics blasted the lack of Google apps. Read more: Prime Minister casts doubt on Huawei’s involvement in 5G network Huawei had [...]
Morgan Stanley fined €20m as French regulator accuses it of sovereign bond price manipulation December 10, 2019 Morgan Stanley has been issued a €20m (£16.8m) fine by French regulators after its London desk faced accusations of using “pump and dump” tactics to manipulate sovereign bond prices. France’s stock market regulator, the Autorite des Marches Financiers (AMF), said the bank manipulated prices on 14 French government bonds and eight Belgian bonds in June [...]
Election 2019: Jeremy Corbyn plays down leadership issues as challenge for Labour December 10, 2019 Jeremy Corbyn has insisted his leadership is not holding the party back this in the General Election 2019. The Labour leader, who is still mired in criticism over his handling of antisemitism, shrugged off suggestions candidates weren’t using his image on their leaflets because he was unpopular. Read more: Lib Dems slide in key London [...]
Computacenter reveals profit is ‘well ahead’ of expectations December 10, 2019 Computacenter gave investors a pleasant surprise today by stating it is “well ahead” of forecasts for the current financial year. Profitability and earnings per share are on track to beat full year expectations, the IT supplier said, sending its share price up as much as seven per cent to 1,639p. Read more: Computacenter shares surge [...]
UK GDP: Economy stagnates in run up to General Election December 10, 2019 The UK economy stagnated in October under the weight of yet more political uncertainty and a global slowdown, official figures showed this morning. British GDP’s failure to grow was worse than the 0.1 per cent expansion economists had expected. It marked an improvement from the 0.1 per cent fall seen in September, however. Read more: [...]
Domino’s chair steps down after activist fund grabs slice of company December 10, 2019 The chair of Domino’s Pizza is set to step down before the end of the year, following the appointment of an aggressive US hedge fund to the board of the company. The company said today that Stephen Hemsley had decided to step down from the board with effect from 29 December. Senior independent director Ian [...]
Just Eat rejects increased Prosus takeover bid December 10, 2019 Food delivery platform Just Eat has rejected an increased takeover bid from Prosus, saying the offer still “significantly undervalues” the company. In a statement this morning Just Eat said the revised terms of 740p per share, up from 710p per share and which values the delivery platform at £5.1bn, “fails to reflect appropriately the quality” [...]