Donald Tusk says he has received ‘promising signals’ from Leo Varadkar on Brexit October 11, 2019 European Council President Donald Tusk said this morning that he had received “promising signals” from Irish Prime Minister Leo Varadkar on Brexit. Tusk tweeted “The UK has still not come forward with a workable, realistic proposal. But I have received promising signals from Taoiseach Leo Varadkar that a deal is possible. Even the slightest chance [...]
Quiz’s half-year revenue falls five per cent due to ‘challenging’ high street conditions October 11, 2019 Fashion chain Quiz has revealed a 5 per cent fall in half-year revenue in a trading update today. The British business blamed the “challenging” high street conditions and decreased football in stores. Read more: Peppa Pig swings to loss days before Hasbro merger vote Quiz’s sales fell to £63.3m in the six months ending 30 [...]
Wework’s European operational losses skyrocket 900 per cent October 11, 2019 Huge rises in staff costs and management fees related to Wework’s stratospheric expansion plans have sunk its internal division to an £80m loss. 2018 filings for Wework International reported an 898 per cent increase in overall losses to £75.9m, up from £7.6m a year earlier. Read more: Goldman Sachs keeps a Wework space to fall [...]
Brexit talks continue as Boris Johnson eyes 31 October departure October 11, 2019 Brexit talks are set to continue today, with Brexit secretary Stephen Barclay due to meet chief EU negotiator Michel Barnier to see if they can rescue a deal. Talks between Prime Minister Boris Johnson and Irish Prime Minister Leo Varadkar sent the pound soaring yesterday as they said they could “see a pathway to a [...]
Jet 2-owner Dart Group says Thomas Cook collapse has boosted bookings October 11, 2019 The owner of airline Jet 2 said today its business has been boosted by the collapse of package holiday company Thomas Cook last month. Dart Group said it had experienced “increased levels of customer demand” since Thomas Cook went into compulsory liquidation. Read more: Fraudsters target refund process for collapsed airline The company said it [...]
Peppa Pig owner Entertainment One deepens losses days before £3.3bn Hasbro merger vote October 11, 2019 Peppa Pig owner Entertainment One has revealed a £43.9m loss in the first quarter of the year, just days before Hasbro puts a massive takeover offer to a shareholder vote. The media firm posted a £43.9m loss, up from a £6.8m loss this time last year, blaming higher debt and its acquisition of Audio Network. [...]
City Moves for 11 October – Who’s switching jobs at Leo Burnett, Badi and Refinitiv? October 11, 2019 Today’s City Moves includes Leo Burnett, Badi and Refinitiv Leo Burnett Advertising firm Leo Burnett’s London office has appointed Carly Avener as managing director. In her new role, Carly will be responsible for the day-to-day running and operations of the agency. She will be working with the company’s existing clients such as Iceland, McDonald’s, Betfair [...]
Rory walks on with a campaign to spice up the race for London mayor October 11, 2019 Watch out London, your favourite selfie-taking, tie-rejecting, accidental-opium-smoking, politician/rambler is coming to a Tube station near you. Yes, it’s Rory Stewart time once again. For those of us who were mesmerised by the former international development secretary’s short-lived sensation of a campaign to be Tory leader, now we get to enjoy the sequel, after Rory [...]
DEBATE: Can technology actually be good for our mental health? October 11, 2019 Can technology actually be good for our mental health? Dr Nick Taylor, clinical phycologist and co-founder of Unmind, says YES. Mental ill-health costs the UK economy between £74bn and £99bn each year. Currently, there is insufficient care and resources readily available to people when they need it most. Technology provides an accessible, scalable means for [...]
The draconian nanny state has no right to stop you eating a sandwich on a bus October 11, 2019 It’s not a crime to eat a sandwich on a bus. It should not be a crime to eat a sandwich on a bus. To propose that sandwich-eating on a bus is an issue to be tackled, a problem to be solved, a danger to the children, is somewhere on the spectrum between hysterical and [...]