Crossrail shares pictures of progress at key Elizabeth Line stations August 6, 2019 Crossrail has infamously fallen far off track from its original opening date of December 2018, with the £17.6bn Elizabeth Line now not set to open until sometime in 2021. But bosses eager to assuage angry commuters have shared pictures showing the state of progress at key stations along the London route. Read more: MPs blast [...]
British Airways pilots applauded for landing ‘horror film’ smoke-filled plane August 6, 2019 The pilots of a British Airways (BA) plane which sparked terror as it filled with smoke on the way to Spain yesterday have been praised for landing passengers under “extremely challenging” conditions. Yesterday afternoon, 175 passengers on BA flight 422 were forced to slide down emergency chutes to the runway at Valencia airport, after the [...]
Downing Street: EU must ‘change stance’ to avoid no-deal Brexit August 6, 2019 The government has urged the EU to “change its stance” on negotiations after the bloc reportedly accused the UK of pursuing a no-deal Brexit. Downing Street rubbished the claim after the bloc said there was no new basis for “meaningful discussions” over a deal. Read more: Why free ports could turn Brexit to our economic [...]
InterContinental’s first-half room revenue inches up August 6, 2019 InterContinental Hotels has reported a slightly increased first-half room revenue, but a drop in business travellers in China and protests in Hong Kong have dented demand in the region. The figures The FTSE100 group, which owns brands including Holiday Inn and Crowne Plaza, said revenue per available room (RevPAR) rose 0.1 per cent during the [...]
Domino’s CEO to quit as international arm takes huge slice out of profits August 6, 2019 The chief executive of Domino’s is set to step down, the pizza chain said today as it revealed that profits plunged in the first half of 2019. David Wild has informed the board that he will “retire from his role”, with the retailer kicking off a search for his successor. The figures The pizzeria blamed [...]
European stock markets tentatively rise as China stems currency fall August 6, 2019 European stock markets have broadly risen this morning on signs that the People’s Bank of China has stemmed the fall of the renminbi after the US officially labelled China a currency manipulator. Read more: Tumbling Chinese currency drags down stock markets on trade war fears China’s currency fell to the seven-per-dollar level not seen since [...]
Sirius Minerals shares plummet 25 per cent as it suspends £411m bond sale for Yorkshire mine August 6, 2019 Sirius Minerals shares plummeted 25 per cent this morning as the FTSE 250 firm announced it had suspended a planned $500m (£411m) bond sale intended to finance a mine on the North York Moors. The offering was an important part of the company’s financing package for the Polyhalite mining project. Read more: Sirius Minerals on [...]
Eurozone construction sector held back by Germany in July August 6, 2019 The Eurozone construction sector grew marginally in July despite activity falling in Germany for the first time in nine months. Read more: Investor confidence in Eurozone hits five-year low The construction purchasing managers’ index (PMI), a gauge of the sector’s health from data firm IHS Markit, rose slightly to 50.8 in July from 50.6 in [...]
No need for tears: Boohoo confirms offer for Karen Millen and Coast online brands August 6, 2019 Boohoo today confirmed it has made an offer for the online arms of Karen Millen and Coast fashion retailers. The digital fashion giant did not say whether the potential acquisition includes any plans for the firms’ bricks-and-mortar stores. Read more: 1,000 jobs at risk as Boohoo set to acquire struggling Karen Millen Up to 1,000 [...]
Former Virgin Money boss snubs Bank of England for top Salesforce job August 6, 2019 Former Virgin Money chief executive Dame Jayne-Anne Gadhia has shunned a prospective job at the Bank of England to instead head up the British business of software giant Salesforce. The US tech firm, which is planning to inject $2.5bn (£2.05bn) into its UK business in the next five years, said Gadhia would begin the role [...]