Chance to buy one of the world’s largest retailers cheaply June 20, 2019 | City Talk By Rodney Hobson from interactive investor. After a temporary technical hitch, this highly resilient company should soon shake off the blip. Rodney Hobson is an experienced financial writer and commentator who has held senior editorial positions on publications and websites in the UK and Asia, including Business News Editor on The Times and Editor of Shares magazine. He [...]
Caretech half-year revenue booms after Cambian acquisition June 20, 2019 Care home operator Caretech has posted a sharp rise in revenue and profit for the half year after snapping up rival care and education firm Cambian Group. Read more: Competition watchdog launches probe into merger between Caretech and Cambian Group The figures Caretech’s revenue soared 120 per cent to £192.5m in the six months to [...]
What’s wrong at Dixons Carphone? Analysts react to loss as shares dive June 20, 2019 Dixons Carphone revealed huge losses of £259m this morning and warned there was “more pain” to come in its struggling mobile phone division. It blamed the rapidly changing mobile phone market in the UK and said it would take two years to break even amid a transformation plan. Read more: Dixons Carphone shares plunge as [...]
Cold weather dampens May retail sales June 20, 2019 Retail sales suffered a setback last month as volumes dropped 0.5 per cent month-on-month driven by unseasonably cold weather. Sales were up 2.3 per cent compared to May last year, representing the smallest annual rise since October 2018. Read more: Mullberry swings to a loss on tough UK retail market In April the year-on-year increase [...]
The breakup of the UK is not an acceptable price for Brexit June 20, 2019 Whoever wins the keys to Number 10 this summer will walk in on their first day to the inbox from hell. There’s the social care crisis that various governments have been kicking down the road for a decade. There’s the massive housing shortage that has led to vast swathes of the population abandoning their dreams [...]
It’s high time Britain’s fledgling cannabis industry got serious about protecting its IP June 20, 2019 Already a $10bn-plus industry, the legal cannabis business is rapidly going mainstream – and not just in Canada and the US. You might not know it, but the UK has been steadily growing its own cannabis infrastructure for some years, with London increasingly becoming a hub for advisers and entrepreneurs looking to get on board [...]
Better building holds the key to boosting growth and productivity June 20, 2019 The Tory leadership campaign is narrowing, and whoever becomes our next Prime Minister will inherit a political landscape that is more challenging and complex than any I’ve experienced in my time in business. Our relationship with the EU is receiving the most attention, and understandably so. But the to-do list after that is extensive. The [...]
DEBATE: Is Facebook’s launch of libra proof that cryptocurrency is going mainstream? June 20, 2019 Is Facebook’s launch of libra proof that cryptocurrency is going mainstream? Eleesa Dadiani, a cryptocurrency economist and broker and founder of Dadiani Fine Art, says YES. For any new financial system, mainstream adoption is contingent on ease of access – and libra is specifically designed with that in mind. There are many reasons why crypto [...]
UK pay rises of 2.5 per cent falls below inflation rate June 20, 2019 UK pay rises stayed flat year on year at 2.5 per cent in the three months to May, according to industry data released today. Employers opted not to increase salary hikes despite rising inflation. Read more: UK unemployment stays at record lows In fact, 87 per cent of the 238 pay rises analysed by Xpert [...]
RMT rail union accuses Sadiq Khan of Tory cuts ‘stitch up’ June 20, 2019 The RMT rail union has accused Sadiq Khan of carrying out “Tory cuts to the Tube” as it protests outside City Hall this morning. The union claims that Transport for London (TfL), which Khan chairs, has “given up” on restoring central government funding to the transport body. Read more: Tube strike action on the cards [...]