The best quotes from Elon Musk’s first day of ‘pedo guy’ testimony December 4, 2019 Elon Musk has offered yet more memorable quotes on his first day of testimony at a defamation case over his calling a British cave diver a “pedo guy”, with the Tesla chief’s lawyer arguing he did not intend for the insult to be a statement of fact. Musk tweeted “pedo guy” in reference to Vernon [...]
Peloton’s ‘sexist’ advert was so bad it sent shares crashing December 4, 2019 Exercise bike firm Peloton is facing a fierce backlash over a Christmas advert that has been widely mocked as “sexist” and “dystopian”. The 30-second campaign shows a woman receiving a Peloton bike – which costs roughly £2,000 – from her husband. Read more: What the cluck? Watchdog bans offensive KFC advert over swear word reference [...]
Nato summit 2019: Trump-Macron tensions mar 70th anniversary of alliance December 4, 2019 World leaders gathered today for the Nato summit amid growing tensions between members following Donald Trump’s war of words with Emmanuel Macron. The Nato summit in Watford comes amid campaigning ahead of the 12 December UK General Election. But Prime Minister Boris Johnson has arrived at the summit marking the alliance’s 70th anniversary. Read more: [...]
Two lessons from the underperformance of alternative energy December 4, 2019 | City Talk Renewable energy is playing an ever-greater part in the mix of energy we use to power our daily lives. Potential investors in the sector may assume that it’s too late to get involved. Surely the best returns from companies exposed to the energy transition have already been made by now? Investors making that assumption may [...]
M&C Saatchi shares sink 40 per cent after major profit warning December 4, 2019 M&C Saatchi saw its share price implode today after issuing a profit warning and admitted an £11.6m accounting error. The advertising giant said profit for the full year is expected to be between 22 and 27 per cent below the level it hit in 2018. It also unveiled the accounting error after an independent review [...]
Quiz swings to £7m loss as it blames ‘very challenging’ UK high street December 4, 2019 Fast fashion brand Quiz has plunged into a loss due to expensive shop leases and a lack of footfall in the first half of its financial year, it revealed today. Shares sank 16 per cent in response to leave the embattled retailer’s stock valued at just 14.05p per share. Read more: Quiz has already issued [...]
Loungers shares rise as it cuts losses amid new restaurant openings December 4, 2019 Shares in Loungers rose as much as four per cent this morning after the bar and restaurant group slashed its loss and boosted revenue after opening a string of new sites. Read more: Loungers revenue soars following restaurant expansion Revenue rose 22 per cent to £79.8m in the 24 weeks to 6 October, while the [...]
Over a hundred firefighters bring blaze at Brentford Travelodge under control December 4, 2019 A major fire at a Travelodge in Brentford has been brought under control, after more than 100 firefighters were dispatched to tackle the blaze. Firefighters were called to the blaze in the early hours of Wednesday morning. Around 160 guests and staff were evacuated, with no reports of injuries at this stage. Read more: Commuter [...]
Avoiding the mistakes of the British Steel pension scandal December 4, 2019 For those of us who haven’t been blessed with gold-plated pensions, the mere thought of sacrificing a guaranteed income in retirement might seem insane. So it may come as a surprise that around 210,000 people transferred out of defined benefit pension schemes in 2018/19, more than double compared to the previous year, according to figures [...]
Stop comparing business with football December 4, 2019 There are many similarities to be drawn between the executive boardroom and the football pitch. Both are high-stakes environments, full of competition and ruthlessness. They also host some of the most meaningless jargon in the history of the English language (think “game of two halves” and “reaching out about disrupting industries”). And, dare I say [...]