Transport to Europe crippled as French national strikes take hold December 5, 2019 Travellers trying to get the Eurostar to the continent have been thwarted today, after 78 trains linking London to Paris, Belgium and the Netherlands were cancelled amid ongoing strikes in France. Most affected routes are for trains from St Pancras to Paris, with the cancellations taking place between 5-8 December. Read more: Eurostar warns customers [...]
TfL: Crime on London public transport soars December 5, 2019 Crime on London’s public transport network has surged by 30 per cent in the past year. Transport for London (TfL) today released statistics for the first quarter of 2019-20, revealing the increase in crime on its services was three-times as large as the increase for the capital as a whole. Read more: London Night Tube [...]
Moncler shares jump on reports of Kering takeover bid December 5, 2019 Shares in high-end coat retailer Moncler jumped this afternoon following reports that Gucci-owner Kering is mulling a takeover bid, despite Moncler boss Remo Ruffini’s instance that there is no “concrete” deal in the works. The luxury group, which also owns Yves Saint Laurent, has reportedly held early-stage talks with Moncler about a potential deal, which [...]
South African Airways placed into bankruptcy protection to avoid ‘uncontrolled implosion’ December 5, 2019 South Africa’s state-owned airline has been placed into bankruptcy protection, as the nation tries to stop it falling into liquidation. South African Airways (SAA), which has suffered from years of state corruption, has entered the workout process, an alternative to bankruptcy. Read more: South African Airways: State-owned carrier in limbo It is the first time [...]
Daily Mail owner takes profit hit as it revamps portfolio in digital shift December 5, 2019 The Daily Mail’s parent company has reported a sharp fall in pre-tax profit for the full year, days after it snapped up the i newspaper for £50m. Daily Mail and General Trust (DMGT) posted a 21 per cent drop in pre-tax profit to £145m in the year to the end of September, while revenue slipped [...]
General Election 2019: Boris Johnson insists taxes will not rise under Tories December 5, 2019 Boris Johnson has insisted taxes will not rise under a Conservative government, after journalists questioned this morning’s pledge. The Prime Minister this morning vowed to reduce the tax bill of working families by £200 within the first 100 days of a Tory government, as part of a post-Brexit Budget. But commentators have pointed out that [...]
Tiffany & Co earnings dive as Hong Kong protests hurt sales December 5, 2019 Luxury jewellery maker Tiffany & Co reported a sharp drop in earnings in the third quarter after disruption caused by protests in Hong Kong hit sales, ahead of the company’s acquisition by Louis Vuitton owner LVMH. The company posted net earnings of $78m in the three months to 31 October, down 17 per cent on [...]
Moody’s downgrades outlook for global banks December 5, 2019 The outlook for global banks has been slashed by credit ratings agency Moody’s. Weakening economic growth, low interest rates and more volatile operating conditions will increase the credit challenges for lenders across the world, Moody’s Investors Service said in a report published today. The agency cut its outlook from stable to negative. Read more: Metro [...]
Nancy Pelosi moves forward articles of impeachment against Donald Trump December 5, 2019 House Democrats will move forward in impeachment proceedings against Donald Trump, according to House of Representatives speaker Nancy Pelosi. Pelosi made an explosive statement today, announcing that House Democrats would move forward with articles of impeachment. Read more: Donald Trump impeachment: US politicians kick-off public hearings “Today I am asking our chairmen to proceed with [...]
Brexit Party now odds-on for total defeat at General Election December 5, 2019 Bookmakers have said that the Brexit Party is odds-on to suffer total annihilation when the country goes to the polls next week, after Nigel Farage’s party was hit by a string of resignations. Betfair said odds of total defeat – not winning a single seat – had been set at 2/7. Read more: General election: [...]