All Saints back in black after non-retail boost October 31, 2019 Fashion retailer All Saints returned to profit in its latest full-year results after increasing focus on its wholesale and licensing businesses. Operating profit in the 12 months to 2 February was £3.6m, up from a loss of £6.2m the previous year. Read more: All Saints profits hit by retail storm The east London-based company reported [...]
Fewer people wanted to fly this summer, and it has hurt Air France-KLM’s profits October 31, 2019 The parent company of Air France has warned that its income from people buying plane tickets fell in the last quarter, as “geopolitical uncertainties” hit its business. Shares in Air France-KLM fell as much as 12 per cent this morning as the firm reported that net profit had halved during late-summer trading. They eventually recovered [...]
Thomson Reuters reports surge in operating profit October 31, 2019 Media conglomerate Thomson Reuters has reported a surge in operating profit for the third quarter, ahead of analysts’ estimates. Operating profit at the Canada-based company jumped 51 per cent to $262m (£202m) for the three months to September, ahead of $173m for the same period a year ago. Read more: Thomson Reuters defends boss following [...]
General election 2019: Jeremy Corbyn pledges to go after ‘greedy bankers’ as Labour launches campaign October 31, 2019 Jeremy Corbyn has pledged to go after “the greedy bankers” and “bad bosses” as he kicks off his election campaign in South London this morning. The Labour leader spoke before a packed hall of supporters at the Battersea Arts Centre, near Clapham. Read more: Labour’s renationalisation plans would cost £200bnRead more: EXCLUSIVE: Tories tap up [...]
Hugh Grant hits back over Sajid Javid handshake row October 31, 2019 Actor Hugh Grant has defended himself from allegations that he is elitist by not shaking the hand of chancellor Sajid Javid. In an interview with the Evening Standard, Javid said the actor refused to shake his hand at the premiere of Martin Scorcese film The Irishman earlier this month. Read more: Sajid Javid on what [...]
BT keeps dividend alive despite heavy network spending October 31, 2019 BT kept its dividend alive despite a hit to earnings and revenue in the first half of new boss Philip Jansen’s first financial year due to hits from regulation and legacy product declines. The telco posted a flat profit and interim dividend as it pushes to try and roll out fibre broadband to 4m premises [...]
Crest Nicholson shares slump after profit warning October 31, 2019 Shares in Crest Nicholson slumped this morning after the FTSE 250 housebuilder issued another profit warning as new chief executive Peter Truscott outlined a strategic overhaul of the business. In a trading update this morning the developer said profit before tax, is expected to be between £120m to £130m for the year to 31 October, [...]
Spirit Aerosystems buys Bombardier’s 3,600-job Northern Ireland factory in $500m deal October 31, 2019 The 3,600-job Belfast manufacturing base of Canadian aerospace giant Bombardier has been snapped up by US rival Spirit Aerosystems, as part of a $500m deal. Bombardier, the province’s biggest employer, had sparked concerns that people could lose their jobs when it put the unit up for sale earlier this year, along with its operations in [...]
US strikes deal to recover $1bn from fugitive 1MDB financier October 31, 2019 The US Justice Department has struck record a deal to recover $1bn (£773m) of funds allegedly looted from a Malaysian state investment fund by fugitive financier Jho Low. US authorities estimate that around $4.5bn of funds were siphoned from 1Malaysian Development Berhad (1MDB), which was founded in 2009 by then Malaysian prime minister Najib Razak. [...]
Diane Abbott tells Labour MP Keith Vaz to quit over cocaine scandal October 31, 2019 Shadow home secretary Diane Abbott has called on embattled Labour MP Keith Vaz to step down over a cocaine and escorts scandal. The Commons Standards Committee on Monday recommended that the Leicester East MP should face a six-month suspension after offering to buy cocaine for sex workers in 2016 in a Sunday Mirror sting operation. [...]