Metro Bank share price plummets in wake of profit drop and departure of chair July 25, 2019 Metro Bank’s share price hit an all time low this morning, as investors fretted over the troubled lender’s news that profits have fallen and its founder is stepping down as chairman. Shares in the high street challenger bank plummeted 16 per cent to 400p in early morning trading. Read more: Metro Bank’s Vernon Hill is [...]
ITV prospects brighten after Love Island boost July 25, 2019 | City Talk By Graeme Evans from interactive investor. A Love Island advertising boost has helped high-yielding ITV shares to recover some lost ground. While the prospect of another Love Island on our screens this winter won’t fill everyone with joy, ITV (LSE:ITV) investors are unlikely to be complaining too loudly after the current series of the hit reality show helped to bolster [...]
Fuller’s toasts revenue growth despite beer business sale July 25, 2019 London pub chain Fuller’s has reported strong revenue growth in its first full-year results following the sale of its beer business to Asahi earlier this year. The figures Revenue was up seven per cent to £431.1m from £403.6m in 2018, the company said in it’s full year results to 30 March. Adjusted profit was flat [...]
Smooth landing for Wizz Air as profits soar July 25, 2019 Budget airline Wizz Air carried more passengers and squeezed more money from them, its first quarter results show. Profit for the three months to 30 June was €72.4m (£66.22m), boosted by passenger growth of 20.1 per cent to just over 10m people flying with the airline. Ancillary revenue, that’s all the extras that you pay [...]
National Express posts record profit of £113m in first half of 2019 July 25, 2019 National Express has posted a 15.3 per cent rise in operating profit for the first half of this year to a record £113.1m thanks to growth in all of its divisions. Read more: National Express revs up sales growth as it hits the road for Silicon Valley The figures Statutory profit before tax grew from [...]
Telefonica buoyed by handset sales as revenue falls flat July 25, 2019 Telefonica has posted flat revenue for the second quarter, as strong growth in handset sales offset the negative impact of exchange rates. Read more: Vodafone signs broadband deal with Telefonica Deutschland amid competition probe The Spanish telecoms giant posted revenue of €12.1bn (£10.8bn) in the three months to the end of June, while net profit [...]
Nissan to cut 12,000 jobs as its profits go in reverse July 25, 2019 Workers in Nissan’s Sunderland vehicle factory are braced to find out if they are part of the more than 12,000 workers to be laid off globally by the embattled carmaker. Nissan has said it will slash around 12,500 jobs globally as it looks to rein in costs and reduce its output. Read More: Nissan forecasts [...]
Former banker Sajid Javid’s first job as chancellor? To stand up to Boris Johnson July 25, 2019 Analysts at Deutsche Bank triggered sighs across the City yesterday with an attempt to coin the term “Borisnomics”. The portmanteau, as clunky as the new Prime Minister’s debut speech on the steps of Downing Street, is unlikely to catch on – but whatever we call it (Bojonomics, Johnsonomics…) how should we judge Boris Johnson’s likely approach [...]
Daily Mail owner on track as Mail Online growth props up revenue July 25, 2019 Daily Mail and General Trust (DMGT) today said it is on track for full-year trading in line with expectations, as strong growth for Mail Online offset a decline in business to business revenue. The publishing group posted a two per cent decline in revenue in the nine months to June after a mixed performance across [...]
Commuters urged to avoid travel as scorching heat threatens chaos July 25, 2019 Commuters have been urged to avoid travel today as the high temperatures cause delays and cancellations across the London network. Southern, Southeastern, Thameslink, LNER and the London Overground have all put speed restrictions in place to reduce the chances of tracks expanding and buckling under the heat. Read more: Retailes and bar chains set to [...]