City Moves for 4 July – Who’s switching jobs? July 4, 2019 Today’s City Moves includes Taylor Wimpey, Relendex and Queensberry. Taylor Wimpey Taylor Wimpey has announced that it has appointed Irene Dorner as its new non-executive chair of the board. Irene will join as chair-designate and as an independent non executive director on 1 December. She will work closely with Kevin Beeston during a handover period [...]
Logistics sector optimism hits record lows over Brexit fears July 4, 2019 Optimism in the logistics sector has plummeted to record lows as the industry battles Brexit fears. According to the Logistics Confidence Index compiled by Barclays and BDO, the industry has reported net pessimism for the first time since records began in 2012. Read more: Amazon to create 2000 UK jobs in post-Brexit vote of confidence [...]
Internet regulation plans ‘fall short’ for digital businesses July 4, 2019 Government plans to regulate tech firms will not do enough to secure the UK’s status as a hub for digital companies, businesses have warned. The Confederation for British Industry (CBI) said proposals laid out in a recent white paper risk falling short of the government’s ambition to create world-leading regulation. Read more: MPs set ultimatum [...]
Advertisers set to ramp up investment in audio amid podcast boom July 4, 2019 UK advertisers are set to ramp up their spend on audio formats in the coming years amid a surge in popularity of podcasts and digital radio. Roughly 85 per cent of advertisers will increase their investment in digital audio over the next 12 months, according to figures from media group Global. Read more: Podcast listeners [...]
Asda and Just Eat launch express grocery delivery service July 3, 2019 Asda is partnering with Just Eat to launch a grocery delivery service that will enable customers to order products to their door in just half an hour. The grocers is also planning to roll out a pizza delivery service to 50 stores by the end of the year following a successful trial in 2018. Read [...]
China fury as it tells UK: ‘Hands off Hong Kong and show some respect’ July 3, 2019 China has warned the UK to keep its “hands off Hong Kong” in a dramatic escalation in tensions between Beijing and London. The Chinese ambassador launched an extraordinary attack on the UK during a feisty press conference, saying relations between the two countries had been damaged over the Hong Kong row. Foreign secretary and Tory [...]
Tesla shares rally as firm makes record number of deliveries July 3, 2019 Tesla shares rallied today after the tech company announced it delivered a record number of electric cars in the second quarter. Elon Musk’s firm delivered 95,200 cars in the period, sending shares up 6.4 per cent to $238.92, the highest price in almost two months. Read more: Tesla boss Elon Musk rebrands on Twitter as [...]
Neil Woodford cuts staff numbers as fund suspension continues July 3, 2019 Embattled fund manager Neil Woodford is set to slash staff numbers at his firm’s headquarters following the suspension of his flagship fund. The redundancies are expected to affect a small number of staff at Woodford Investment Management’s Oxford office. Read more: Woodford sells shrimp shares on the stock floor The firm employed around 45 members [...]
Mike Coupe is yet to convince the City that he has a Plan B for Sainsbury’s July 3, 2019 It has been several months since the Mike Coupe dream of a merger with Asda was dealt a lethal blow from Britain’s competition watchdog. But how much has the embattled chief executive changed his tune? Not enough, it would seem, to quell anxiety among investors. Shares in the supermarket giant failed to pick up today [...]
London Pride 2019: Where is the parade and when does it start? July 3, 2019 There is less than a week to go until London Pride 2019, when the capital is set to host a parade that is bigger and brighter than any that have gone before it. Last year around 1m people attended the event as people from London and beyond participated in the capital’s biggest LGBT+ celebration. But [...]