Magazine publisher TI Media narrows loss as digital shift helps cut costs October 6, 2019 The publishing group behind Country Life and Horse & Hound has slashed its loss for the full year, as cost-cutting moves helped offset a decline in revenue. TI Media posted a pre-tax loss of £3.2m in the year to 31 December 2018, compared to £13.7m in the previous 12 months. Read more: Marie Claire ends [...]
Aston Martin faces calls for board shake-up October 6, 2019 A year on from its disastrous stock market float, luxury car giant Aston Martin is facing calls to bring in new directors on its board. The British marquee brand has suffered a drop in shares of nearly 75 per cent since it floated in October this year. It has stalled in the face of mounting [...]
Profits plunge at Barclay brothers’ Ritz hotel October 6, 2019 The billionaire Barclay brothers saw profits plunge at The Ritz Hotel in Mayfair, while their casino business also suffered losses. Profit before tax almost halved from £12.8m to £7.9m according to the hotel’s latest financial filings for last year. Read more: Barclay brothers Ritz Hotel casino swings to £11.7m loss The drop in profit came [...]
Labour: Pre-Christmas General Election will happen if PM asks for Brexit delay on 19 October October 6, 2019 Shadow attorney general Shami Chakrabarti has said Labour will agree to an election “this side of Christmas” if Boris Johnson asks the European Union for a Brexit extension on 19 October. Johnson has until this date to broker a Brexit deal with the EU or else he will be forced to ask for an extension [...]
Thomas Cook paid more than £20m to advisers in days before collapse October 5, 2019 Thomas Cook paid more than £20m to over 30 advisers in its final days as it failed to secure a rescue deal. The payout added to the cash deficit that led to the company’s collapse, with advisers working on behalf of the company, bondholders, shareholders, the pension fund and insurance schemes. They were all involved [...]
Paypal first firm to drop out of Facebook’s Libra cryptocurrency October 5, 2019 Paypal has pulled out of an alliance attempting to launch Facebook’s digital currency Libra. The payment firm announced its decision on Friday in a statement but did not reveal why the decision has been made. The cryptocurrency and its digital wallet, Calibra, were revealed by Facebook in June. Read more: Libra co-founder hits out at [...]
Now most Leavers say a Halloween Brexit won’t happen October 5, 2019 Only 35 per cent of Leave voters think Brexit will happen on 31 October according to a YouGov poll. The UK is due to leave the EU at the end of this month, but the number of Leave voters that think this will happen has fallen by 25 per cent, from 60 per cent, since [...]
This is the most affordable place to buy a home on the Victoria Line October 5, 2019 With 36 trains an hour running from Brixton to Walthamstow and boasting a major travel hub, the Victoria Line is one of the best Tube lines to live on if you work in London. But steep house prices make that almost impossible, with the average house price on the Victoria Line costing £807,783. Read more: [...]
Democrats subpoena White House documents in Trump impeachment inquiry October 5, 2019 US House Democrats on Friday demanded that the White House turn over documents as part of their impeachment investigation into President Donald Trump. The documents are related to a call between Trump and Ukrainian President Volodymyr Zelensky on 25 July and have been subpoenaed. Read more: US economy adds 136,000 jobs in September as unemployment [...]
HS2 review panel considers axing eastern extension October 5, 2019 The High Speed 2 rail project could be scaled back in northern England to cut costs. Under plans drawn up by the panel reviewing the project, the route beyond the East Midlands to Leeds and Sheffield would be axed. Train speeds would also be cut by 40mph, in a bid to save more than £10bn, [...]