Plus500 records steady third quarter revenues after a jump in customers October 29, 2019 Shares in online trading services firm Plus500 are up almost 6 per cent in today’s trading, after a larger than expected increase in third quarter customers. The firm’s trading update revealed a 10 per cent annual increase in third quarter revenue to $110.6m (£86.3bn), which was in line with expectations. Read more: Pre-tax profit at [...]
Tesco unveils new Clubcard Plus subscription scheme October 29, 2019 Tesco has announced its new £96 per year subscription loyalty scheme is set to launch next week. The supermarket said Clubcard Plus, which offers customers 10 per cent off two shops worth up to £200 each per month, could save shoppers more than £400 a year. Read more: Analysts react to Tesco chief executive Dave [...]
Tiktok owner Bytedance denies having immediate plans for Hong Kong listing October 29, 2019 Bytedance, the $75bn Chinese firm behind short-form video app Tiktok, has denied reports it is considering an initial public offering (IPO) in Hong Kong as soon as next year. The Financial Times has reported that the seven-year-old startup could list in the territory as soon as the first quarter of next year, but Bytedance denied [...]
Dear politicians: What the City wants to see in your election manifesto October 29, 2019 With the news of a potential December election hanging in the balance today, the City is bracing itself for another potential new government in Downing Street. Yet while much of the debate in the coming weeks is likely to be centred on Britain’s imminent departure of the EU, the financial sector is hoping to see [...]
‘It can’t get any worse’: What City workers think of another General Election October 29, 2019 It’s that time again: Britain is on course for another General Election, after Labour leader Jeremy Corbyn announced he was ready to fight the “most radical election ever”. But Brits have endured more than three years of uncertainty since the EU referendum, and few groups of workers have felt the effects of it more sharply [...]
Polls put Conservatives in line for a comfortable election victory October 29, 2019 An aggregate of recent polling predicts the Conservatives will have a comfortable victory over Labour as parties begin to get on election footing for December. An average of major polls in October has the Tories with 35.69 per cent of the vote, according to City A.M.‘s own analysis. That compares to 25.13 per cent for [...]
No 10 threatens to pull election bill as Labour mulls wrecking amendments October 29, 2019 The Prime Minister has urged MPs to back him in his fourth attempt at calling a general election, telling them he has secured a new Brexit deal that is “ready to be approved by a new parliament”. But Number 10 has warned that if any amendments go through that affect electoral franchise – either by [...]
People’s Vote chaos: Members of staff vote no confidence in new leadership October 29, 2019 New People’s Vote chief executive Patrick Heneghan has threatened to sack 40 members of staff, after they voted no confidence in him and his millionaire backer Roland Rudd at a crisis meeting. Campaign staffers went to the Hilton hotel to meet with the pair this morning to discuss the sacking of campaign director James McGrory [...]
Harry Dunn’s family sues Trump administration October 29, 2019 The family of 19-year-old Harry Dunn, who was killed in a car accident involving the wife of a US diplomat, have announced that they are suing the Trump administration for “legal misconduct”, Sky News has reported. They also said they were starting legal action against Anne Sacoolas, the driver involved in the crash that killed [...]
Lib Dem Heidi Allen to quit as MP at next election over ‘nastiness’ in British politics October 29, 2019 Liberal Democrat MP Heidi Allen has said she will stand down as an MP at the next general election, saying she is “heartbroken” over the harassment she has received in British politics. The ex-Conservative MP and Change UK leader told her South Cambridgeshire constituents that she is “exhausted” by abuse she called “utterly dehumanising”. Read [...]