How can banks factor in climate change without damaging the economy? December 5, 2019 In a few weeks, we will get the results of the UK bank stress tests, which is a measure of our biggest banks’ ability to withstand the toughest of economic shocks. In 2021, these tests will include a scenario on climate change. The regulator wants to know that our biggest financial institutions really can weather [...]
Pound hits 31-month high against euro ahead of General Election December 5, 2019 The pound hit a 31-month high against the euro this morning as the Conservatives edged closer to victory in the 12 December General Election. The latest poll, from Savanta Com Res last night, put the Tories ten points ahead of Labour, boosting traders hopes’ that a Boris Johnson-led government would leave the European Union with [...]
Huawei mounts new legal challenge over US national security ban December 5, 2019 Huawei has launched a fresh legal battle against US authorities after they branded the Chinese tech giant a national security threat and blocked it from a government subsidy programme. The US Federal Communications Commission (FCC) last month voted unanimously to block rural telecoms firms from using a $8.5bn (£6.5bn) government fund to buy Huawei equipment. [...]
Dunelm share price surges on strong sales and new website December 5, 2019 Dunelm shares rocketed in early trading today after it predicted higher full year profits thanks in part to a good customer response to a crucial new website. The furnishings retailer said it maintained strong sales growth online and in stores during a “critical” transition to a new website platform that it hopes will improve its [...]
Time Out shares slip as it warns market opening delays will hit profit December 5, 2019 Shares in Time Out dipped just over two per cent this morning after the media group warned that the delayed openings of two of its new food markets will hit profit. Read more: Time Out posts revenue rise as it dines out on food market success The London-listed firm said delays to its new sites [...]
Sajid Javid Brexit without trade deal ‘unlikely’ as he blames Labour for UK homelessness December 5, 2019 Chancellor Sajid Javid has insisted Britain is unlikely to leave the EU without a trade deal in place at the end of next year, but declined to rule the possibility out. The Tories are seeking to agree a free trade deal with the bloc by the end of 2020. Read more: John McDonnell: A Labour [...]
Boohoo co-founders sell off £143m of shares December 5, 2019 Boohoo’s Boohoo’s co-founders have sold a whopping £142.5m of shares in their company, it emerged today, sending the online retailer’s stock down in early trading. Co-founder and executive director Carol Kane sold a third of her stake in the fashion brand – 15m shares – for 285p each to slash her stake to 2.7 per [...]
Thai cave rescuer brands Elon Musk’s ‘pedo guy’ tweet a life sentence December 5, 2019 Vernon Unsworth, the diver seeking damages from Elon Musk, has described the effect of the billionaire’s “pedo guy” tweet as “a life sentence without parole.” Speaking in court in Los Angeles, Unsworth laid out in detail the effect he believes the comment has had on his life. Read more: Elon Musk defamation trial: Tesla founder [...]
Tube delays hit four lines in rush hour misery December 5, 2019 Severe Tube delays have hit four lines to leave commuters facing a morning of rush hour chaos today. Passengers on the Circle Line, District Line, Hammersmith & City Line and Metropolitan Line all face a disrupted journey to work due to the delays. Read more: Eight arrests made after Extinction Rebellion targets Tube Faulty trains [...]
General Election 2019: Boris Johnson tops list of MPs for outside earnings December 5, 2019 Prime Minister Boris Johnson has topped a list of MPs for outside earnings last year, raking in an additional £1.6m on top of his Westminster salary. In total, MPs made an extra £13m in employment, gifts and property income between 1 September 2018 to 31 August 2019, according to a tool created by data design [...]