Daimler in fourth profit warning of the year over airbags and diesel emissions July 12, 2019 Daimler, the German car giant that owns Mercedes, this morning issued its fourth profit warning of the year after it unearthed fresh financial risks surrounding its diesel emissions scandal. The car maker made a similar warning on June 23, but it has reassessed the risk of fines from court battles and government measures. These have [...]
Hiscox trumps profit forecasts but warns of profit hit from natural disasters July 12, 2019 A spate of natural disasters battered insurance giant Hiscox over the last year, with the insurer’s share price sliding five per cent this morning as it warned of a deteriorating market. The London-listed group’s share price fell five per cent to 1,653p in early morning trading, as investors digested the group’s warning that global catastrophes [...]
Investing in property? Make sure you’re doing it properly July 12, 2019 Mark Twain once quipped: “Buy land, they’re not making it anymore.” For many investors, the finite nature of land translates into making property a safe, steady investment that diversifies a portfolio. As ever in life though, if only it were so simple as just buying the asset – whether that is a building, an aircraft [...]
Share price crashes as car dealer Lookers issues profit warning July 12, 2019 Lookers suffered a sharp drop in its share price this morning as a profit warning fuelled investor concerns just a month after the car dealership giant revealed it was being investigated by the UK’s financial watchdog over its sales processes. Shares plummeted 25 per cent in early morning trading to roughly 33p after the firm [...]
Thomas Cook shares hit record low amid £750m takeover talks with Fosun July 12, 2019 Thomas Cook’s shares sunk to their lowest price ever this morning as it confirmed it is in advanced talks with Fosun over a proposed £750m deal which would give the Chinese firm majority ownership over its tour operator business. Read more: Thomas Cook engages in Fosun talks to save company The deal would also give [...]
Revenue rockets 27 per cent at The Gym Group July 12, 2019 The Gym Group has posted a 27 per cent leap in revenue to £74m for the first six months of 2019. Read more: The Gym Group gets in shape with revenue and profit boost The contract-free low-cost gym operator also grew membership numbers by 10.6 per cent to 796,000 up to 30 June. Eight new [...]
It’s time we rediscovered the ancient art of diplomacy July 12, 2019 On hearing of the death of the Turkish ambassador, the legendary Napoleonic diplomat Charles-Maurice de Talleyrand supposedly responded: “I wonder what he meant by that?” An apocryphal anecdote, perhaps, but this week, when the spotlight has been focused brightly on the shadowy world of the foreign service, it’s a useful story to consider. Sir Kim [...]
Four better or four worse: Would saying farewell to the five-day working week really be a good idea? July 12, 2019 Areduced working week could populate our high streets, with 54 per cent of employees saying they would use their extra day off to shop
The UK trade team had better up its game – and fast July 12, 2019 Yesterday, on talkRADIO, secretary of state for work and pensions Amber Rudd confirmed that, regardless of who wins the Conservative leadership contest, the option to leave the EU without a deal will be “part of the armoury” for the new government. While not quite the “do or die” remarks that Boris Johnson gave to the [...]
Give me a fulcrum and lever long enough: London’s engineers are moving the world July 12, 2019 British ideas continue to move the world. Irrespective of the political developments around Brexit, the soft power and influence of our industrial intellectual property and engineering innovation benefits not just Britain, but transforms lives around the world. Today, London and the rest of the UK celebrate the fiftieth anniversary winner of the Royal Academy of [...]