Legal & General boosts profit and revenue in first half of 2019 August 7, 2019 Legal & General boosted profit and revenue in the first half of 2019, as it said the UK represents an “enormous opportunity” for its growing pensions market. The figures The insurer saw profit before tax rise 12 per cent year on year to hit £1bn in the six months to June. Earnings per share grew in [...]
Scrapped: Government cancels bidding for Southeastern rail franchise as fresh search for operator begins August 7, 2019 The government has faced accusations of running Britain’s railways “on the hoof” after it scrapped the bidding process for the Southeastern rail franchise, making it the latest botched procurement by the Department for Transport (DfT). Officials will now have until 1 April 2020 to choose the next franchise operator. Go-Ahead Group, which currently operates the [...]
The last resort: With travel operators running into trouble, here’s how to protect your holiday August 7, 2019 When you’ve spent hundreds or even thousands of pounds to escape to somewhere sunny for the summer holidays, you may have to stifle a scream when you find out that your travel operator has gone bust days before you were set to fly. This scenario will sound all too familiar to many families, after news [...]
Maybe this will be the time that the US finally gets over its love affair with guns August 7, 2019 Even Donald Trump, for once, didn’t appear to believe what he was saying. “Mental illness and hate pull the trigger, not the gun,” opined the President in his prepared statement from the White House on Monday, in response to the latest mass shootings on US soil in El Paso and Dayton which have claimed 31 [...]
Introducing the new cast and crew of Downing Street August 7, 2019 The dust is beginning to settle: Boris Johnson is Prime Minister, and the Whitehall machine has been stripped and restaffed. A new team has been installed to run his Downing Street operation – but who are they, and what does it mean? Even the Prime Minister’s most vocal advocates would not describe him as a [...]
DEBATE: Is Donald Trump right to label China a currency manipulator? August 7, 2019 Is Donald Trump right to label China a currency manipulator Alex Deane, a Conservative commentator, says YES. Once again, President Trump “triggers” his opponents by doing what he said he would do. He promised on the campaign trail to designate China as a currency manipulator; indeed, he’s late on this as he undertook to do [...]
Retailers beware, the online shopping revolution isn’t going anywhere August 7, 2019 Another week, another retailer biting the dust. The baked potato specialist Spudulike has closed all 37 of its branches, with a loss of nearly 300 jobs. Shopping centres are undergoing a sudden and dramatic squeeze, with many retailers only able to stay in business if granted a dramatic rent reduction. Last week, Intu Properties, owners [...]
City Moves for 7 August – Who’s switching jobs at Oaknorth, Harworth and Adarga? August 7, 2019 Today’s City Moves includes Oaknorth, Harworth and Adarga. Oaknorth Next-generation credit platform Oaknorth has announced the appointment of Jackson Hull as its chief technology officer and chief operating officer. Jackson will be responsible for Oaknorth’s architecture and product programme, as well as its product and engineering teams. He will also be in charge of the [...]
The new King of the Jungle: Why Disney could be a spoiler for Netflix August 7, 2019 In 2017 Dana Brunetti, the producer behind hit Netflix series House of Cards, declared that appointment-viewing TV was dead. Gone were the days of scheduled programming, he said. On-demand binge-watching was here to stay. Brunetti’s show helped propel Netflix to the forefront of the streaming landscape and, two years later, on-demand TV is now the [...]
Cryin’ King: Disney investors tearful despite box office hits August 6, 2019 Record $8bn (£6.6bn) box office takings did not spare Disney investors from taking a hit last night as the company missed expectations. Shares dropped five per cent in after-hours trading as operating losses widened to $553m from $168 a year ago. It comes as the firm increased spending on ESPN Plus and built Disney Plus, [...]