Half of UK citizens think the country will not exist in a decade November 8, 2019 More than half of UK citizens think the country will not exist in its current form a decade from now, according to a new poll. The Ipsos Mori poll showed 50 per cent thought the United Kingdom would not exist in 10 years, up from 43 per cent in 2014. Just 29 per cent said [...]
Easyjet buys Thomas Cook slots at Gatwick and Bristol for £36m November 8, 2019 Budget airline Easyjet has bought the take-off and landing slots of collapsed travel company Thomas Cook at London Gatwick and Bristol airports for £36m. The company announced today it has bought 12 summer slot pairs and eight winter slot pairs at Gatwick and six summer slot pairs and one winter slot pair at Bristol, in [...]
Clacton Labour candidate Gideon Bull steps down over ‘Shylock’ remark November 8, 2019 The Labour Party candidate for Clacton has stepped down after allegations he made an antisemitic remark to a fellow Labour councillor. Gideon Bull, who is a cabinet member in Haringey council, was accused of calling Jewish councillor Zena Brabazon “Shylock” during a private meeting. Bull denied he called Brabazon “Shylock” but admitted he used the [...]
RBS launches ‘social bond’ for deprived areas November 8, 2019 The Royal Bank of Scotland (RBS) has launched a “social bond” aimed at boosting lending within deprived areas of the UK. The banking giant announced this morning that the bond would be linked to roughly £2.5bn of lending to small firms in disadvantaged areas. Read more: HSBC receives second warning from Bank of England An [...]
British Airways owner IAG cuts growth forecast November 8, 2019 British Airways’ owner International Consolidated Airlines Group (IAG) cut its growth forecast for the next few years due to an expected slump in passenger capacity growth. The company said average earnings per share growth would be 10 per cent in the three years from 2020 to 2022, compared to a previous estimate of 12 per [...]
Games Workshop shares soar as profits beat £55m November 8, 2019 Games Workshop’s share price rocketed in early trading today after the model maker revealed profits and sales are ahead of last year. Trading between September and early November has beaten the company’s performance for the same period last year, with royalties receivable also “significantly ahead”. Read more: General Election announcement hurts October high street sales [...]
Billionaire boom slows down as uncertainty hits the super-wealthy November 8, 2019 The billionaire boom has grounded to a halt, as a year of political upheaval took its toll on the world’s super-wealthy. A new report has found that billionaires’ wealth dipped by $388bn in 2018, following five years of growth. Read more: Bovis Homes agrees £1.1bn deal for Galliford Try housing business While the Americas saw [...]
Charles Taylor share price rockets by more than 10 per cent on higher takeover offer November 8, 2019 Charles Taylor’s share price has jumped by more than 10 per cent this morning after agreeing a higher takeover offer with Lovell Minnick than September’s recommended bid. Directors of the insurance support services provider gave the green light on a 315p per share offer from US private equity firm Lovell two months ago. Read more: [...]
Royal Mail seeks injunction to block Christmas strike November 8, 2019 The Royal Mail is seeking an injunction to prevent staff going on strike during the crucial Christmas trading period and the general election next month. The postal service has taken legal action against the Communications Workers Union (CWU), claiming there were “potential irregularities” in a recent ballot for industrial action. Read more: Royal Mail to [...]
Standard Chartered slashes CEO and CFO pay in wake of revolt November 8, 2019 Standard Chartered said today that it has slashed the pension payouts to its two top bosses, bowing to shareholder demands in the wake of a major investor rebellion. Chief executive Bill Winters and chief financial officer Andy Halford will see their retirement allowance dropped from 20 per cent of their annual salary to 10 per [...]