From stamp duty to the triple lock, Andy Haldane says bold Burnham leadership can usher ‘vibe change’ for UK economy
Brewin Dolphin posts ‘resilient’ results as expansion plan hits profit November 27, 2019 Brewin Dolphin has boosted its funds under management but took a hit to profit for the full year as it pursues a rapid expansion plan. The asset manager increased its total funds more than five per cent to £45bn in the year to the end of September, including inflows of £1.4bn. Total income also rose [...]
FTSE 100 edges up as Europe rises on trade deal hopes November 27, 2019 The FTSE 100 climbed half a per cent this morning as European stocks rose on hopes of a US-China trade deal. London’s blue-chip index was up 0.49 per cent by 10.30am to 7,438 points with traders also awaiting a closely-watched election poll that is due to be published tonight. Read more: Boris Johnson promises sensible [...]
MRP poll explainer: What is the mega-poll and can it predict the election? November 27, 2019 At 10pm tonight, market research firm Yougov will release the most eagerly-anticipated poll of the upcoming General Election. The so-called MRP poll is expected to be a key indicator of the outcome of the 12 December vote, and will deliver a sweeping seat-by-seat analysis. But what is the MRP and why is it so significant? [...]
Pressure grows on Jeremy Corbyn after he refuses to apologise over Labour’s antisemitism row November 27, 2019 Jeremy Corbyn has come under fierce pressure to apologise to the UK’s Jewish community for his handling of the Labour party’s antisemitism crisis. The Labour leader last night repeatedly refused to say sorry to British Jews after chief rabbi Ephraim Mirvis said he was unfit to be Prime Minister. Read more: Jeremy Corbyn refuses to [...]
Britvic profit loses its fizz as France law hurts sales November 27, 2019 Fizzy drink maker Britvic suffered almost a 25 per cent plunge in annual profit, it revealed today, following a writedown of French assets. Read more: Squashed: Britvic looks to cut final salary pensions The figures Profit before tax sank 24.3 per cent to £110.3m for the year to the end of September after Britvic struggled [...]
Lloyds Banking Group boss to take pay cut after pension backlash November 27, 2019 Lloyds Banking Group is planning on cutting the pay of its boss by more than £220,000 following criticism of his pension package. Antonio Horta-Osorio was blasted by MPs in June for “greed” in relation to his £6.3m pay packet which included a pension contribution worth 46 per cent of his base salary – reduced to [...]
Holiday firm On The Beach has taken a £25m hit from the collapse of Thomas Cook November 27, 2019 Package holiday company On The Beach has taken a £25.6m hit from the collapse of Thomas Cook, as the cost of getting stranded holidaymakers home weighed on the firm. The company maintained that the failure of one of its biggest rivals would ultimately help it in the long run, despite profits falling more than a [...]
Pub chain Marston’s sinks to a loss November 27, 2019 Pub chain Marston’s said today it made a loss of £20m in the last year, compared to a profit of £54.3m in 2018. The brewer said revenue for the year to 28 September grew to £1.174bn, from £1.141bn in 2018. It said profit before tax on an underlying basis slipped to £101m from £104m, but [...]
British American Tobacco projects strong year despite US vaping slowdown November 27, 2019 British American Tobacco (BAT) said today it expected a strong 2019, despite being hit by a slowdown in the US vaping markets amid a health scare and regulatory crackdown. The cigarette-maker, which owns brands such as Lucky Strike, Camel and Rothmans, said it expected a “strong financial performance on an adjusted basis” in a pre-close [...]
Jeremy Corbyn forced to admit lower earners will be hit by Labour tax increases November 27, 2019 Labour leader Jeremy Corbyn was forced to admit his party’s spending plans would lead to tax increases for some lower earners during an interview with the BBC last night. In a bruising encounter with veteran interviewer Andrew Neil, Corbyn rowed back on his initial claim that only those earning over £80,000 would see a tax [...]