Kier Group shares plummet as broker lowers target price to £1 November 11, 2019 Kier Group shares fell nearly nine per cent this morning after a note by broker Jefferies lowered its recommended price to 100p. The construction group’s stocks have been hovering around 100p for five months, since it announced it would be making 1,200 people redundant in June, and that it would look for a buyer for [...]
Sainsbury’s signs wholesale deal with Australia’s Coles November 11, 2019 Sainsbury’s has agreed a deal to provide Australian supermarket Coles with own-brand products as the UK grocery giant seeks to strengthen its wholesale business. The range, which will be labelled under the Coles brand, will include packaged groceries and household products. Read more: Sainsbury’s half-year profits slide Through the deal, Sainsbury’s will also analyse which [...]
Emily Thornberry grilled over Jeremy Corbyn’s nuclear stance November 11, 2019 Labour’s foreign secretary struggled to answer questions about Jeremy Corbyn’s preparedness to use military action or nuclear weapons today in the face of questions about the opposition leader’s history of pacifism. Emily Thornberry faced a barrage of questions in several interviews this morning about whether Corbyn would use nuclear weapons or indeed any military force [...]
Hong Kong regulators fine UBS £40m for a decade of overcharging November 11, 2019 UBS has been slapped with a HK$400m (£40m) fine from Hong Kong regulators for overcharging thousands of clients. The Hong Kong Securities and Futures Commission (SFC) said today that the Swiss banking giant charged too much in fees for some of its clients between 2008 and 2017. Read more: TSB facing heavy criticism after investigation [...]
Northern Ireland ‘is an afterthought’ for Brexit-driven voters November 11, 2019 Four in 10 Brits care “little or not at all” about Northern Ireland, a poll from Yougov has found. The pollsters showed both leavers and remainers prioritise Brexit over keeping Northern Ireland in the union. Almost two thirds of Britons would see Northern Ireland leave the United Kingdom in order for their preferred Brexit outcome [...]
Two people in critical condition after violence escalates in Hong Kong November 11, 2019 Two people are in critical condition following another day of violent protests in Hong Kong. A protester was shot by a police officer on Monday morning, becoming the third person to be shot by the authorities since demonstrations began 24 weeks ago. Read more: Hong Kong falls into recession amid ongoing unrest The second person [...]
Global payments platform Finablr posts 20 per cent earnings rise November 11, 2019 Global payments platform Finablr posted earnings of $182.3m (£142.2m) for the year to date this morning, up 22.1 per cent year on year. The company’s margin for the year to date was 15.6 per cent. Read more: Travelex-owner Finablr profit rise bolsters shares above float levels The group also announced a number of commercial partnerships [...]
Aston Martin shares climb as HSBC says investors should buy its stock November 11, 2019 Aston Martin’s share price climbed today after HSBC advised investors to buy the troubled luxury car maker’s stock despite its latest loss. The manufacturers of James Bond’s favourite ride swung to a £13.5m loss in its latest quarter as Brexit fears dampened demand in the UK and EMEA. Read more: Aston Martin is hoping next [...]
Takeaway.com admits its own offer for Just Eat is not ‘particularly appealing’ November 11, 2019 Takeaway.com boss Jitse Groen has admitted his firm’s offer for Just Eat is not “particularly appealing” for shareholders, as a takeover battle for the food delivery platform intensifies. Takeaway and Just Eat agreed the terms of an offer for the business in August, however, South Africa’s Prosus launched a rival £4.9m bid. Read more: Takeway.com [...]
Dignity profit falls 30 per cent as fewer people die November 11, 2019 Dignity, the UK’s only listed funeral firm, saw its underlying operating profit slip 30 per cent for the year to date, driven by a significantly lower number of deaths. Profit fell from £68.6m in 2018 to £47.9m this year. Underlying revenue also fell eight per cent, from 244.2m in 2018 to 225.4m. Despite the fall [...]