Tory leadership race: Who will face down frontrunner Boris Johnson? June 20, 2019 Tory MPs will today decide who will face down Boris Johnson as the contest to be the next Prime Minister enters its final round. Jeremy Hunt, Michael Gove and Sajid Javid will attempt to persuade MPs that they should be the one to go head-to-head with Johnson, the former foreign secretary who is the frontrunner [...]
US military drone shot down by Iranian missile in international airspace June 20, 2019 A US military drone has reportedly been shot down in international airspace by an Iranian missile. The MQ-4C Triton drone was targeted as it flew over the Strait of Hormuz, south of Iran, Reuters said, citing an unnamed US officer. Read more: Jeremy Hunt slams Corbyn for ‘pathetic’ response to oil tanker attack This contradicts [...]
Deutsche Bank faces US money laundering investigation June 20, 2019 Deutsche Bank is facing a US criminal investigation into whether it complied with anti-money laundering laws. US federal authorities are investigating whether Germany’s biggest lender complied laws intended to stop money laundering and other crimes, the New York Times reported. Read more: Deutsche Bank to create €50bn bad bank in radical overhaul The probe includes [...]
Dixons Carphone shares plunge as it swings to £259m loss June 20, 2019 Dixons Carphone swung to a £259m loss in its latest full financial year, it revealed today, as the retailer warned investors of “more pain” to come. The revelation that Dixons expects fresh losses from it UK mobile division sent shares down 20.5 per cent to 99p in early morning trading. Read more: Dixons Carphone must [...]
N Brown share price surges on digital sales boost June 20, 2019 Sales at N Brown fell despite growth in its digital division in the three months to the start of June, it revealed today. Read more: N Brown shares plunge on ‘disappointing’ offline sales Total revenue dropped 3.8 per cent year on year even though digital sales rose three per cent, the retailer said. Digital sales [...]
Dunelm raises profit forecast after weather helps boost sales June 20, 2019 Furniture firm Dunelm has raised expectations for the year after strong sales growth in recent months driven by poor weather. The company said unseasonably favourable weather had boosted like-for-like growth in May and June as it continued to defy the UK’s gloomy retail sector. Shares in Dunelm climbed more than five per cent as the [...]
Rory Stewart dumped out of Tory leadership race June 20, 2019 Conservative leadership outsider Rory Stewart was booted out of the race to become the next Prime Minister last night as his support crumbled in the latest round of voting. The international development secretary became a surprise contender in the battle to succeed Theresa May as Conservative leader, after vowing to continue with the Brexit deal already [...]
Stop waiting around for a big idea – it’s the mindset that matters June 20, 2019 There is a one in three chance that you’ve considered starting a business, according to Octopus research. So why are you on your way to someone else’s offices instead of seizing the moment to launch your own company? The world is changing more quickly now than ever. Every sector is going to be disrupted – [...]
Starling Bank partners with Direct Line to simplify insurance process June 20, 2019 Challenger bank Starling has partnered with insurance firm Direct Line to allow customer account holders to use its app to apply for home cover. The tie-up will allow Starling customers to connect with the insurer’s Churchill brand through the bank’s ‘marketplace’ app. Read more: Starling banks £75m funding round from Merian Global Investors Customers will [...]
Former City minister calls for action on skills shortage June 20, 2019 Former City minister Mark Hoban has today called for urgent action to address the skills crisis facing the financial services sector. Read more: Private sector pay set for growth as skills shortage bites The sector does not spend enough on training, lacks diversity, and its values and culture are not well-perceived, according to a report [...]