Burberry shares soar as customers welcome new designer’s collections July 16, 2019 Iconic British fashion brand Burberry boosted sales as new designs by creative chief Riccardo Tisci were snapped up by customers. Shares in the FTSE 100 firm were up 8.26 per cent this morning following the first quarter trading update. Read more: Burberry fails to stop the selling Retail revenue in the quarter to the end [...]
Shares in Franco Manca owner Fulham Shore rise as it serves up revenue boost July 16, 2019 Shares in The Fulham Shore, which owns pizza chain Franco Manca, jumped more than five per cent in early trading after it posted a double-digit rise in revenue for the full year. Read more: Pizza Express losses widen amid strain on casual dining sector The figures Revenue increased 17 per cent to £64m in the [...]
Irn-Bru maker AG Barr’s share price crashes after profit warning July 16, 2019 Irn-Bru maker AG Barr’s share price plummeted this morning after it warned of a sharp drop in full-year profits amid worse-than-expected trading. The Scottish-based fizzy drinks maker warned that profits for the full-year would slump by 20 per cent, after predicting that the firm is unlikely “to recover fully from the volume impact in the [...]
Stop nudging people towards property at the expense of their pension – it’s irresponsible July 16, 2019 Suggestions that young workers should be able to dip into their pension savings to help buy their first home are unhelpful
How CEO Christian Sewing can save Deutsche Bank July 16, 2019 Pity Christian Sewing. The chief executive of German banking giant Deutsche Bank is not having a good time. What started with a tough but brave call to close his equities business has turned into a low point in the company’s history. There is the potential investigation into its entanglement with the scandal concerning the insolvent [...]
We the people need to find a way to dispel the Brexit Blues July 16, 2019 The year is 1989. Ronald Reagan on his last day at the White House makes his farewell address. His message is one of the recovery of morale and national pride during his presidency. He puts it down to three words: “we the people”. In so doing, his message is this: “Freedom of speech, freedom of [...]
Disciplinary matters: The Darroch leak lays bare the erosion of standards at the civil service July 16, 2019 The untimely resignation of Sir Kim Darroch as our man in Washington tells us more about society than it does about his qualities as the US ambassador. Regardless of his assessment of the Trump administration, the fault – the only fault – lies with the leaker, and that individual’s personal standards. Their motivation is almost [...]
DEBATE: Is legal action a legitimate response if the government tries to prorogue parliament to pursue no-deal? July 16, 2019 Is legal action a legitimate response if the government tries to prorogue parliament to pursue a no-deal Brexit? Alison McGovern, Labour MP for Wirral South and former shadow city minister, says YES. A no-deal Brexit has massive negative consequences for our constituents. That is why there is a majority in the House of Commons against [...]
It’s not just cricket – finance and friendship underpin Britain’s bond with India July 16, 2019 The deep love of cricket that the UK and India share was clearly on show last week. But our relationship goes much further than just a passion for sport. It is a family affair, with parents and children, brothers and sisters living, working and moving between our two great nations. It is no surprise then [...]
City Moves for 16 July – Who’s switching jobs at Seaforth Land, Invesco and ADM Energy? July 16, 2019 Today’s City Moves includes Seaforth Land, Invesco and ADM Energy. Seaforth Land Seaforth Land, the London-focused commercial real estate investor and asset manager, has appointed Lesley Chen Davison as chief investment officer. She will join the company in September 2019. Lesley joins from Delancey where she has worked since 2005 as director of banking and [...]