CBI calls on Tory leadership contenders to drop no-deal Brexit threat May 31, 2019 The Confederation of British Industry (CBI) has published an open letter calling on the Tory leadership candidates to commit to avoiding a no-deal Brexit. The message calls on the 12 rival MPs to “champion business”, with director-general Carolyn Fairbairn saying that it is "no secret that firms’ frustration with Westminster has grown" over the last few years. [...]
Burberry fails to stop the selling May 31, 2019 | City Talk Hard-won gains continue to evaporate as Burberry does no more than expected, writes our head of markets. Still being in the early stages of its transformation plan is dragging on these full-year numbers, but there is little doubt that Burberry's (LSE:BRBY)aspirations are high. Revitalising its iconic brand may take some time, but Burberry seems well-positioned. [...]
Mountain Warehouse eyes store expansion as profits jump May 31, 2019 Outdoor clothing group Mountain Warehouse is eyeing an expansion on the high street this year after reporting today a double-digit rise in annual pre-tax profits and sales. The retailer, which currently runs 350 stores and employs 3,500 staff, is planning to open a further 50 stores this year, including roughly 20 in the UK, following [...]
Wizz Air profits rise as it expects higher fuel costs to push up 2020 earnings May 31, 2019 Wizz Air’s profit margin was squeezed in its latest financial year despite posting record profit today as revenues soared, and predicting more good times to come as rivals fall by the wayside. The figures Wizz Air saw profit grow six per cent year on year to hit €292m (£257.9m) in the 12 months to the [...]
Is wanting Rory Stewart to be the next Prime Minister just a pipe dream? May 31, 2019 The world has moved on from Bill Clinton’s infamous line 26 years ago that, though he may have experimented with marijuana in his youth, he never inhaled. Yesterday, international development secretary and Tory leadership hopeful Rory Stewart told Sky News that he made a “very stupid mistake” by smoking opium at a wedding in Iran [...]
DEBATE: Should we really be that excited about the launch of 5G? May 31, 2019 Should we really be that excited about the launch of 5G? Leon Emirali, an entrepreneur and investor, says YES. 5G is well worth the wait. While there is no doubt that extra-fast internet speeds will be welcomed by consumers, we must look beyond our own mobile devices to see the real benefits of the 5G revolution. [...]
In a global world, citizenship is about far more than where you were born May 31, 2019 Last month, Marcio Soares achieved what he once thought impossible. After years of working hard and growing a successful fitness business, he was awarded British citizenship. “It was the greatest day of my life,” Soares said, describing when he was invited to participate in a citizenship ceremony. For him, and many like him, the aspiration [...]
It may not be Hammond’s cup of tea, but we deserve some tax-cutting champions May 31, 2019 I for one am thrilled to see politicians not just talking about tax cuts, but competing for the best policy to reduce a tax burden that is at a near 50-year high. Sure, it took a leadership contest to get them properly talking about it, but from the home secretary’s endorsement of the Adam Smith [...]
Legal & General to sell insurance arm for £242m to Allianz May 31, 2019 Legal & General has confirmed plans to offload its insurance business to Germany’s Allianz for £242m. The companies said today the proposed deal for the L&G unit, which provides home cover and pet insurance, is set to be completed in the second half of this year. Read more: Legal & General hires bankers to sell its [...]
UK house price growth slows in May amid Brexit uncertainty May 31, 2019 Annual growth of UK house prices remained below one per cent for the sixth consecutive month in May, as political uncertainty continued to weigh on the property market. Prices fell 0.2 per cent month-on month, while annual house price growth slowed to 0.6 per cent, falling from 0.9 per cent in April and below the [...]