Hunt: Boris Johnson’s no-deal Brexit will put Corbyn in Downing Street June 26, 2019 Boris Johnson’s “do or die” Brexit pledge risks installing Jeremy Corbyn in Downing Street, Conservative leadership Jeremy Hunt has warned. The foreign secretary hit back at his rival in the race to be Prime Minister after Johnson made it clear he would take the UK out of the EU with or without a deal on [...]
Bonmarche shares plunge 25 per cent as it U-turns on Philip Day bid June 26, 2019 Shares in Bonmarche plunged more than 25 per cent after the retailer reversed its view on a cut-price takeover offer from billionaire Philip Day due to poor trading in the first quarter. In a dramatic U-turn the French-themed womenswear chain said it now believes Day’s offer is “fair and reasonable”, and urged shareholders to accept [...]
Retailer Bathstore collapses into administration as jobs hang on the line June 26, 2019 Bathstore, the UK’s largest specialist bathroom retailer, has collapsed into administration this afternoon. The future for more than 500 jobs and roughly 135 stores lies in doubt as administrators said today they are looking to sell the business. Ryan Grant and Tony Nygate of BDO’s restructuring unit have been appointed joint administrations. BDO business restructuring [...]
The world’s most ethical luxury swimwear brand partners with the City A.M. Club June 26, 2019 One of the City A.M. Club’s partners is an ethical swimwear brand that’s changing the way people consume fashion. Naeco uses innovative techniques to turn plastic waste into quality clothing, helping to save our oceans as well as make us look great on our holidays. Members of the Club receive an incredible 25 per cent [...]
Evening Standard posts £11.6m loss as it battles with advertising squeeze June 26, 2019 The Evening Standard has reported a loss of almost £12m as it battles rising costs and a squeeze on revenue from print advertising. The daily London newspaper posted a pre-tax loss of £11.6m in the year to the end of September, marking its second consecutive year in the red. However, the figure represents a slight [...]
Pizza Express losses widen amid strain on casual dining sector June 26, 2019 Pizza Express has reported hefty losses for the full year as it battles with increased competition in the casual dining sector. The restaurant chain posted a loss of £55.8m in 2018, an increase of more than 40 per cent from £31.6m the previous year. Read more: China expansion and UK troubles take slice out of [...]
Autonomy founder Mike Lynch to testify in $5bn civil fraud case June 26, 2019 British businessman Mike Lynch will testify in court this afternoon in the latest phase of the UK’s largest civil fraud case. Lynch will give evidence at the High Court in central London today as he faces questioning over an alleged $5bn fraud. Read more: HP ‘not suing Autonomy US exec to go after Mike Lynch’ [...]
Bunzl shares dip on slowed growth in the second quarter June 26, 2019 Shares in workplace supplies company Bunzl dipped 1.3 per cent today after it said revenue growth in the second quarter had eased from 1.5 per cent to one per cent, due to a slight slowdown in its biggest market, the US. However Bunzl also said it expects group revenue for the half year to rise [...]
No-deal Brexit fears have increased, Bank of England governor Mark Carney warns June 26, 2019 Market expectations of a no-deal Brexit have increased over the last few months, Bank of England (BoE) governor Mark Carney warned today. The uncertainty surrounding the UK’s future relationship with the European Union is having a greater impact on businesses than before the original Brexit deadline date of 29 March. Read more: 150,000 firms not [...]
Oil price rises on lower US stockpiles June 26, 2019 Oil prices jumped today on the back of news that US crude inventories had fallen by more than expected. International benchmark Brent crude was up 1.2 per cent to $65.87 per barrel, after reaching highs of $66.24 earlier in the day. Read more: It’s no mystery who is behind the Gulf of Oman attack, or [...]