Vote Leave’s Brexit architect Dominic Cummings set for top role under Boris Johnson July 24, 2019 One of the key architects of Brexit, Dominic Cummings, is poised to take on the role as senior adviser to the incoming Prime Minister Boris Johnson. The former Vote Leave director has also served as an adviser to former education secretary Michael Gove, who is also tipped for a top job in Johnson’s Cabinet. The [...]
Eurozone relapses as manufacturing downturn deepens July 24, 2019 Economic woes have deepened in the Eurozone as the manufacturing downturn hit a three-month low for July, according to a closely-followed measure of the industry’s health. Manufacturing output relapsed to fall to a score of 51.5 this month after two months of growth, IHS Markit’s Flash Eurozone Purchasing Managers’ Index (PMI) found today. Read more: [...]
Britvic revenue slumps in challenging market July 24, 2019 Drinks producer Britvic warned this morning that revenue dipped in the third quarter of the year due to a “more challenging” market. The company, which owns brands such as 7up, Tango and Robinsons, said revenue was £360.1m, a decrease of 1.5 per cent on last year. Read more: Britvic installs Tesco finance guru as new [...]
ITV profits stumble as broadcaster bets on Britbox for future July 24, 2019 ITV’s share price rose this morning despite seeing profits fall 16 per cent in the first half of 2019, as the broadcaster beat downbeat expectations in an “uncertain” political and economic backdrop. Read more: BBC and ITV reveal pricing for new streaming service Britbox The figures ITV’s profit before tax dropped 16 per cent year [...]
B&M boosts revenue as expansion plan continues July 24, 2019 Bargain retailer B&M boosted revenue in the first quarter of the financial year, the company said, as it announced that its store opening schedule remains on track. Group revenue growth in the quarter was 21.4 per cent driven by B&M UK revenue growth of 13.8 per cent, the company said in a trading update this [...]
Boris Johnson prepares to reward Brexiters with cabinet roles July 24, 2019 Boris Johnson will officially become Prime Minister today after a meeting with the Queen at Buckingham Palace. The Queen will ask Johnson to form a government once Theresa May hands in her resignation. Read more: Boris Johnson wins the race to be the UK’s next Prime Minister by a landslide Johnson is then expected to [...]
Aston Martin share price crashes 21 per cent as it slashes sales target July 24, 2019 Aston Martin’s share price crashed 21 per cent this morning as it warned that macroeconomic challenges have “worsened” for the luxury car manufacturer. Shares slipped to 820p from an open of 841p as Aston Martin slashed its sales expectations in the face of market “softness” for the rest of 2019. Read more: Aston Martin’s biggest [...]
Vodafone and O2 agree to share equipment to speed up 5G rollout July 24, 2019 Vodafone and O2 have agreed to share their 5G networks in order to speed up their rollouts of the next-generation technology. Customers of both networks should get 5G sooner than expected after the mobile operators agreed to cooperate, sharing equipment such as radio antennas across the UK. Read more: What is 5G? Everything you need [...]
Tradeweb’s CEO on tech, China, and modernising bond markets July 24, 2019 While researching Lee Olesky, the co-founder and chief executive of the fixed-income market platform Tradeweb, I came across an article comparing him to Amazon’s founder Jeff Bezos. Both started their companies in the nineties. Both set out to use the internet and ecommerce to disrupt their respective industries at a time when the idea of [...]
Three ways to survive the summer heatwave in the workplace July 24, 2019 The heatwave is the worst time of year for the office worker. It’s that awful, sweaty season when resolve – and deodorants – fail en masse. Lethargy permeates the building, work and life slows, and you curse your paycheck for not being able to afford a balcony on your box flat’s window. Not that you’re [...]