London house prices suffer worst plunge in 10 years July 17, 2019 London house prices suffered a staggering 4.4 per cent annual drop in May, their worst annual drop since the financial crisis, public data revealed today. While UK house prices rose 1.2 per cent compared to May 2018, London house prices sank, the Office for National Statistics (ONS) revealed. Read more: UK house prices slip for [...]
Revealed: The 25 most influential people on the internet July 17, 2019 US President Donald Trump, the Duke and Duchess of Sussex and an egg have been named among the most influential people on the internet. Read more: Internet meme queen Grumpy Cat dies aged 7 The eagerly-anticipated list, compiled by Time Magazine, revealed an eclectic mix of celebrities, royals, politicians and foodstuffs that have dominated the [...]
Real wages rise as UK inflation stays at two per cent July 17, 2019 The prices in UK shops rose by two per cent in the 12 months to the end of June, official figures have revealed, with clothing and food costs rising most rapidly in the last year. Read more: UK unemployment stays at 45-year low as wages tick up The two per cent consumer price index (CPI) [...]
Activist investor Elliott takes stake in Saga July 17, 2019 US activist investor Elliott has taken a stake in troubled tourism and insurance firm Saga in a move that could put pressure on management to boost returns. Shares in Saga were up 9.18 per cent this afternoon after it was revealed that Elliott Capital Advisors has disclosed a 5.14 per cent stake in the company. [...]
Talktalk holds guidance as full-fibre demand boosts revenue July 17, 2019 Broadband provider Talktalk today said its first quarter trading was in line with expectations, as growing demand for high-speed internet boosted sales. The telecoms firm posted a 1.3 per cent rise in revenue to £387m in the three months to the end of June, and said its full-year guidance remains unchanged. Read more: Talktalk narrows [...]
Ericsson quarterly profit meets expectations as 5G rollout picks up pace July 17, 2019 Ericsson has posted second-quarter profit in line with expectations and said it was on track for the full year as it looks to expand its 5G rollout. Read more: UK’s approach to Huawei makes no sense, warns Ericsson boss The Swedish telecoms firm posted a 10 per cent rise in net sales to 54.8bn Swedish [...]
Mr Kipling sales soar as Premier Foods prepares for AGM July 17, 2019 Mr Kipling sales soared 10 per cent in the first quarter of the financial year, boosting the revenue of parent company Premier Foods. Overall group sales were up 1.1 per cent, and first quarter branded sales increased by 2.9 per cent, the company reported this morning. Read more: Mr Kipling owner Premier Foods facing shareholder [...]
Galliford Try expects profits to be in line with expectations July 17, 2019 Galliford Try said today that the restructuring of its construction arm has been completed and pre-tax profits for the year are set to be in line with expectations. The FTSE 250 giant, which has been cutting its exposure to Central London’s subdued housing market and scaling back its core construction business, seemed to ease investor [...]
Sweet like chocolate: Hotel Chocolat credits ‘relentless’ innovation for sales boost July 17, 2019 Hotel Chocolat hailed its “relentless” innovation for a bumper rise in revenue for the 12 months to the end of June, it said in a trading update today. Read more: Hotel Chocolat tastes success after Christmas sales surge Sales soared 14 per cent to £132m for its financial year, while it expects profits to hit [...]
Rolex seller Watches of Switzerland posts soaring sales in maiden results July 17, 2019 The UK’s biggest seller of Rolexes enjoyed a surge in appetite for luxury watches over the last 12 months, it revealed today in its first financial results since floating on the London Stock Exchange. Watches of Switzerland, which begun life as a listed firm in the City less than two months ago, has reported a [...]