Theresa May and Emmanuel Macron commemorate 75th D-Day anniversary June 6, 2019 Political leaders including Theresa May and French president Emmanuel Macron today paid tribute to the veterans of the D-Day landings on the 75th anniversary of the event. May and Macron gathered in Normandy with hundreds of veterans to thank them for their service. The French president told the crowd that “we owe them our freedom”. [...]
Rory Stewart: Dominic Raab’s no-deal Brexit plan ‘illegal’ June 6, 2019 Tory leadership contender Rory Stewart has labelled rival Dominic Raab’s bid to force a no-deal Brexit through parliament as “illegal”. Raab yesterday said he would be ready as Prime Minister to suspend parliament so he could force a no-deal departure from the EU. Read more: Tory leadership rivals caught in Westminster row The former Brexit [...]
Mitie shares soar as outsourcer swings back to profit after restructuring June 6, 2019 Mitie Group shares rose eight per cent this morning as the outsourcer announced it had swung back to profit in its full-year results. The FTSE 250 firm enjoyed strong performance in its core facilities management and engineering businesses. But it was hit by “disappointingly” high exceptional costs of £38m, which hampered profits. Read more: Mitie [...]
Entertainment One shares jump as it denies reports of senior executive exit June 6, 2019 Shares in Entertainment One jumped as much as 15 per cent this morning after it rebuffed reports that boss Mark Gordon was in talks to leave the company. Read more: Profits slip at Entertainment One after £61m write down President and chief content officer Mark Gordon is reportedly set to leave his role amid a [...]
Eurozone construction growth slows to lowest level in four months June 6, 2019 Growth in the Eurozone construction industry slowed to a four month low in May as new orders declined for the first time since August last year. The IHS Markit Eurozone Construction PMI fell from 52.1 in April to 50.6 last month, however firms remained optimistic towards the business outlook. Read more: Eurozone’s modest growth relient [...]
Henderson Smaller Companies in good shape June 6, 2019 | Sponsored (Janus Henderson) Neil Hermon, Fund Manager of Henderson Smaller Companies Trust, says he is confident in his portfolio despite economic and political uncertainties.
Tech firms urge Tory leadership candidates to back UK’s digital sector June 6, 2019 Tech firms have issued a desperate plea to candidates in the Tory leadership race, urging them to avoid a no-deal Brexit and back the UK’s booming digital sector. Tech UK, which represents more than 900 businesses, has written to the candidates warning of “long-lasting and damaging consequences” of a no-deal Brexit for tech investment and [...]
Barclays and RBS fined in forex rigging scandal June 6, 2019 Five banks including Barclays and Royal Bank of Scotland have been hit with a SFr 90m (£71.39m) fine for fixing the foreign exchange market. Traders at Barclays, Citigroup, JP Morgan, RBS and UBS took part in a “three way banana split” cartel between 2007 and 2013 to manipulate the forex market, the Swiss competition regulator [...]
Rolls-Royce offloads one-third of its pension scheme to Legal & General in landmark £4.6bn deal June 6, 2019 Rolls-Royce has handed over responsibility for £4.6bn of its pension scheme to Legal & General, in a record-breaking deal. The FTSE 100 engine manufacturer has offloaded responsibility for paying the pensions of its 33,000 pensions scheme members. The scheme has a total of 76,000 members. Read more: Rolls-Royce among firms kicked off government’s late payment [...]
Go-Ahead shares thrive as it predicts higher sales June 6, 2019 Go-Ahead expects revenues to be higher than originally thought in its London and international bus division, it said today. Read more: Go-Ahead appoints new interim chief financial officer The transport company also said it has seen its growth in passenger volumes and revenues in all regional bus businesses. That sent Go-Ahead’s share price soaring 9.4 [...]