Holiday Inn owner Intercontinental Hotels Group hit by Hong Kong protests as revenue falls for quarter October 18, 2019 The owner of Holiday Inn has blamed protests in Hong Kong for a drop in quarterly revenue, as it also suffered from weakness in the US and mainland China. Intercontinental Hotels Group said quarterly revenue per room fell 0.8 per cent, making it the latest company to feel the pinch of weaker global travel. Read [...]
Wincanton pursues possible merger with Eddie Stobart October 18, 2019 Wincanton is considering a move for British logistics giant Eddie Stobart, the rival confirmed today. While it is yet to table an offer, Wincanton said it is “undertaking a diligence exercise on Eddie Stobart and its assets” to assess the merits of a tie-up. Read more: Ousted Stobart Group boss ‘preparing bid for Eddie Stobart’ [...]
Easyhotel struggles in the face of weakening consumer confidence October 18, 2019 Super-budget hotel firm Easyhotel shares fell this morning as it reported dampening consumer confidence, with no improvement in sight. The London-listed firm said that despite political uncertainty that has blighted the industry in recent months, it had outperformed the UK hotel market over the last year. Read more: Stelios urges investors to reject Icamap’s £139m [...]
Revenue rises at cake-maker Finsbury Foods as it targets vegan market October 18, 2019 British cake-maker Finsbury Foods saw revenue grow in the year to June as the firm embraces new trends such as vegan and healthy products. Shares in the group rose 2.55 per cent soon after the bell, hitting 80.5p. The figures Finsbury Foods’s adjusted profit before tax fell 5.7 per cent to £16.8m in the 12 [...]
Tube delays: Jubilee Line disrupted for second day after Extinction Rebellion protest October 18, 2019 Jubilee Line commuters faced a second day of Tube misery in a row as transport bosses warned the service was part suspended with severe delays. Passengers were left without any service between Finchley Road and Waterloo in rush hour due to “the temporary unavailability of trains”. Severe delays plagued the rest of the line. Read [...]
London Stock Exchange third quarter income climbs as CFO set to retire October 18, 2019 London Stock Exchange today posted robust gains in its third quarter for its first set of results since rejecting a hostile £32bn takeover bid from Hong Kong. Total income climbed 12 per cent year on year to £587m in the three months to the end of September. Read more: Why Hong Kong’s bid for the [...]
Avast boosts cyber security sales to $218m October 18, 2019 Avast posted growing sales in its third quarter despite shedding off its managed workplace and business divisions, it reported today. The cyber security outfit said revenue rose nine per cent year on year for the three months to the end of September to $218.3m (£170m). Meanwhile adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) [...]
Kinks aside, the porn block was a puritanical attack on sexual expression October 18, 2019 Farewell to the porn laws, one of the worst thought-through pieces of legislation ever to have been at risk of becoming law. First cooked up in 2015 by David Cameron’s team, the “porn blocker” plan which would supposedly have prevented children from stumbling across adult content on the internet has faced repeated delays, and on [...]
Extinction Rebellion are hurting the climate cause October 18, 2019 The film of the two Extinction Rebellion protesters being pulled off the top of a Tube train in Canning Town on Thursday morning is the moment it all changed. Suddenly, London mayor Sadiq Khan and Labour’s Diane Abbott seemed to be on the wrong side of the argument. In fact, Extinction Rebellion itself seemed on [...]
Debate: Does Boris Johnson’s Brexit deal have a high chance of passing in the House of Commons? October 18, 2019 Does Boris Johnson’s Brexit deal have a high chance of passing in the House of Commons? Yes – Benedict Spence is a freelance writer If MPs have one thing in mind as “Super Saturday” rapidly approaches, it should be this: the public is watching them closely. Boris Johnson has miraculously returned from Europe with a [...]