General Election 2019: Liberal Democrats, Green and Plaid Cymru ‘Unite to Remain’ pact for 60 seats unveiled November 7, 2019 The Liberal Democrats, Green Party and Plaid Cymru have struck a deal in which the parties will step aside for the most likely Remain candidate in 60 seats across England and Wales. Jo Swinson’s party will be given a clear run at 43 constituencies, including Bermondsey and Old Southwark, Chelsea and Fulham, Esher and Walton, [...]
RSA shares up on underwriting profit boost November 7, 2019 Shares in insurer RSA rose today after it announced underwriting profit had grown in the first nine months of the year. The FTSE 100 company said operating profit rose in the first nine months of the year, but did not publish third quarter numbers. RSA’s shares rose 3.3 per cent to 550p this morning. Read [...]
Bovis Homes agrees £1.1bn deal for Galliford Try housing business November 7, 2019 Bovis Homes has agreed to snap up Galliford Try’s housing arm for almost £1.1bn. The housebuilders have shaken hands on a deal that will see Bovis stump up £300m cash and £675m in shares to acquire Linden Homes and Galliford Try Partnerships & Regeneration. Read more: Uncertain times are leading to London property microclimates The [...]
General Election 2019: Ex-Labour MP Ian Austin urges ‘decent’ people to vote Conservative November 7, 2019 Former Labour MP Ian Austin has urged voters to back the Conservatives this election, claiming Jeremy Corbyn is “completely unfit” to be Prime Minister. The Dudley North MP, who resigned from the party earlier this year to sit as an independent, said “decent, traditional” voters should back Boris Johnson in December’s General Election. He lambasted [...]
Changing times: Market leaders and investor groups call for shorter working day on trading floors November 7, 2019 The daily bustle on Europe’s high-octane trading floors should be cut short by more than an hour in a bid to improve mental health and diversity, two of the financial industry’s most influential bodies have urged this morning. The London Stock Exchange (LSE) has said it will begin a formal consultation looking at working hours [...]
Co-op bank losses widen in wake of PPI costs and fierce mortgage market November 7, 2019 The Co-operative Bank has reported widening losses during the third quarter of this year, as it became the latest in a long line of lenders to take a financial hit from the payment protection insurance (PPI) scandal. The British bank reported losses before tax of £118.6m during the nine months to 30 September, deepening from [...]
Rolls Royce expects profit at lower end of guidance range as engine woes continue November 7, 2019 Engineering company Rolls Royce said today it expected full-year profit to be in the lower end of its guidance as it continued to struggle with the Trent 1000 engine. The company said it was likely to take a £1.4bn charge to full-year operating profit because of troubles with the engine. It said it expected total [...]
UK house prices: Growth slows in October November 7, 2019 Annual UK house price growth slowed last month due to ongoing political and economic uncertainty. House prices were up just 0.9 per cent in October – the lowest growth seen so far this year – as the new uncertainty of a general election and the impending Brexit deadline hit consumer confidence. Read more: Revealed: The [...]
Superdry revenue drops as rescue plan gets underway November 7, 2019 Superdry reported a sharp drop in revenue in the first half of the year as chief executive Julian Dunkerton began his rescue plan to revive the struggling retailer. Revenue declined 11.3 per cent to £367.8m in the six months to 26 October reflecting the beginning of an “expected year of reset”. Read more: Investors back [...]
Aston Martin swings to £13.5m loss as it blames ‘soft’ UK demand November 7, 2019 Aston Martin sank to a loss in its third quarter as demand for its luxury cars dried up, it revealed today, but shares still rose 10 per cent as it looked ahead to sales-boosting new models. The figures James Bond’s favourite car maker found little love from other buyers as it swung to a loss [...]