Intu share price crashes as it cancels dividend amid mounting losses July 31, 2019 Intu’s shares plummeted this morning as it cancelled its dividend and fell to an almost £900m loss for the first six months of 2019. The retail landlord admitted there were “no quick fixes” as it blamed the wider retail collapse for its property woes. Read more: JP Morgan downgrades shopping centre landlord Intu Instead it [...]
Taylor Wimpey profits drop due to higher costs July 31, 2019 Shares in house builder Taylor Wimpey fell more than six per cent this morning as the company reported a drop in profits due to higher costs. The figures Profit before tax and exceptional items fell 9.4 per cent in the first half of the year to £299.8m from £331m in 2018. Read more: Taylor Wimpey [...]
Rentokil profit increase boosts shares July 31, 2019 Pest control and property care firm Rentokil’s shares have risen 4.5 per cent this morning after it posted a 12.4 per cent rise in profit in the first half of the year. Read more: Rentokil set to continue acquisition spree The figures The firm’s revenue grew by 8.5 per cent to £1.3bn in the first [...]
BAE Systems enjoys profit hike after streamlining operations July 31, 2019 BAE Systems shares rose this morning as Britain’s biggest defence company reported a nine per cent increase in first half earnings. The firm said “a number of operational improvements” had driven the growth, including pushing on with delivering Typhoon and Hawk fighter jets to the Qatari government. The defence giant’s market value rose two per cent [...]
Just Eat profits plunge 98 per cent on delivery investment July 31, 2019 Just Eat saw profits plummet in the first half of this year due to investment in its delivery platform, however revenue was up as more customers signed up to the takeaway app. The figures Profit before tax plunged 98 per cent from £48.1m to £800,000. Revenue was up 30 per per cent from £358.3m to [...]
Jubilee Line chaos: Commuters evacuated from North Greenwich station July 31, 2019 Commuters blasted Tube bosses this morning after they were emergency evacuated from a busy station due to severe Jubilee Line delays. An alarm warned people to evacuate North Greenwich station amid overcrowding and severe delays earlier today. Read more: Severe delays hit Jubilee Line after fire alert A faulty train at Canary Wharf started the [...]
Ex-Audi chief Rupert Stadler faces criminal charges for his role in dieselgate scandal July 31, 2019 Former Audi boss Rupert Stadler has been charged for his part in Volkswagen’s emissions cheating scandal, known as dieselgate. Read more: Former VW boss Martin Winterkorn faces criminal charges for emissions scandal The Munich public prosecutor’s office said this morning that it has charged Stadler and three others with false certification and criminal advertising practices. [...]
Funeral firm Dignity suspends dividend as deaths slump July 31, 2019 Funeral firm Dignity suspended its dividend today as a fall in the number of deaths hit its results. In the six months to 28 June revenue fell 12 per cent to £153.3m compared to the same period last year. Operating profit nearly halved, falling 46 per cent to £28m, with basic earnings per share dropping [...]
Next leads FTSE 100 as it ups profit forecast after sales boost July 31, 2019 High street retailer Next announced this morning it expects to make more profit this year than previously forecast after a boost in full price sales. Shares in the company rose more than seven per cent this morning as it increased its full year profit guidance by £10m to £725m, a boost of 0.3 per cent [...]
In a spin: Aston Martin suffers £78m first half loss as shares hit record low July 31, 2019 Aston Martin shares plumbed new depths this morning as the firm reported a first half loss of £78.8m, blaming a slowing global market and tumbling UK and European sales. Read more: Ex-Audi chief Rupert Stadler faces criminal charges for his role in dieselgate scandal The troubled car maker is still reeling from a profit warning [...]