Eurozone core rate revised up as inflation hits estimates May 17, 2019 Eurozone prices rose by 1.7 per cent in April, in line with previous forecasts, while core inflation beat expectations. Consumer prices in the bloc rose 1.7 per cent higher year-on-year from 1.4 per cent in March, according to EU statistics agency Eurostat. Read more: Eurozone trade surplus grows in sign of recovery for struggling area [...]
Major Metro Bank shareholder Legal and General Investment Management reveals it will vote against chairman Vernon Hill May 17, 2019 Metro Bank shareholder Legal and General Investment Management has revealed plans to vote against chairman Vernon Hill’s re-election, ramping up pressure on the US founder. The top 15 shareholder said it had “long standing concerns” over the bank and would vote against Hill and a number of other directors over independence concerns as well as members [...]
Staffline on track for worst day in history as shares lose 50 per cent over Brexit worries May 17, 2019 Staffline lost over half its value on the market today and was on track for its worst day ever as it said Brexit uncertainty was causing companies to offer full-time roles to temporary workers, cutting out the need for the agency. Shares fell 52 per cent to 397p as the company warned that earnings before [...]
Even ITV’s big dividend can’t win over investors May 17, 2019 | City Talk After falling again sharply on these first-quarter results, interactive investor's head of markets explains why ITV is finding life so hard. Strategically, the song remains the same at ITV (LSE:ITV) as it continues to respond to changing viewer habits, while also lessening its reliance on traditional advertising. Indeed, there are signs of progress on both [...]
Boeing completes 737 Max software update to fix cause of fatal crashes May 17, 2019 Boeing has completed the development of a software update for its 737 Max planes as it tries to get them back in the air. The aircrafts were grounded across the world following two fatal crashes – in Ethiopia and Indonesia – within five months, claiming the lives of all 346 people on board them. Read [...]
BT has spent years redesigning its logo and Twitter hates it May 17, 2019 BT is set to unveil its new logo after years of planning, but the internet's reaction won't have delighted bosses at the telecoms giant. Earlier this week the telecoms giant filed a trademark application with the Intellectual Property Office for a new, minimalist logo depicting the letters “BT” in a circle as new chief executive [...]
Just Eat shares fall after Amazon leads $575m investment round in rival Deliveroo May 17, 2019 Just Eat shares fell eight per cent this morning after Amazon led a $575m (£450m) investment round in rival Deliveroo. Read more: Deliveroo to 'invest heavily' in London tech with Amazon's £450m Just Eat's shares dropped 8.3 per cent to 621p in early trading after the fund raising. Analysts at Peel Hunt said that the Amazon [...]
Metro Bank shares surge after £375m emergency capital raise following loans blunder May 17, 2019 Shares in Metro Bank soared this morning after it successfully raised £375m of extra capital as investors backed the challenger bank following a major loans blunder. Read more: Metro Bank raises £375m of capital hours after launching share placing The embattled bank raised more than its target amount of £350m just hours after launching a [...]
Shares in media group Future jump as acquisitions fuel record half-year results May 17, 2019 Shares in media company Future jumped as much as seven per cent in early trading after it posted a record rise in revenue and profit for the half year. Future, which owns magazine titles including Four Four Two and Tech Radar, reported a 103 per cent rise in revenue to £108.7m in the six months [...]
Brexit talks between the Conservatives and Labour set to close without a deal May 17, 2019 Cross-party Brexit discussions between Labour and the Conservatives are set to close without a deal, according to reports. Prime Minister Theresa May and Labour leader Jeremy Corbyn will now move into a second stage of talks, aimed at agreeing a parliamentary process that could be used to reach a consensus. Labour are worried that a [...]