From ticket prices to stellar salaries, you can’t take the economics out of football May 15, 2019 The appearance of Liverpool and Spurs in the Champions League final and Arsenal and Chelsea in the Europa Cup one has generated massive interest. But the official ticket prices for the games are surprisingly reasonable. Liverpool and Spurs have been offered 16,613 tickets each. Five per cent of these are expensive, at £513 each. A further [...]
Off-road: Aston Martin swings to loss but revenue beats expectations May 15, 2019 Aston Martin fell to a £3.2m loss in the first quarter of 2019 even as the luxury car manufacturer boosted production and sales. Read more: Aston Martin falls to loss as it sets aside £30m for Brexit The figures Aston Martin Lagonda took a hit in the three months to the end of March as [...]
The big fixer-upper: How to solve the problems in the mortgage market May 15, 2019 We've sent people into space, built driverless cars, and engineered robots that can think like us. And yet, fixing the mortgage approval process still seems out of humanity’s reach. The market is riddled with inefficiencies. Consumers are forced to fill out documents detailing every corner of their lives, while clunky underwriting processes mean that it [...]
B&Q owner Kingfisher sales tick upwards ahead of CEO’s departure May 15, 2019 B&Q owner Kingfisher saw sales edge higher in its latest quarter thanks to warmer weather and a weaker corresponding period last year. Read more: B&Q owner Kingfisher plans foreign market exit as French sales drag UK and Ireland sales rose 5.4 per cent in the three months to the end of April compared to the same [...]
Tui losses widen as grounded Boeing planes weigh on travel operator May 15, 2019 Tensions on the Mexican border helped widen losses at tour operator Tui as US customers lost interest in travelling to their southern neighbour. The company downgraded its guidance for the full year, after its Boeing 737 Max fleet was grounded. The figures Losses before income tax grew by 47.5 per cent in the first half [...]
Adobe partners with Software AG to personalise customer experiences May 15, 2019 Adobe has teamed up with German software giant Software AG to launch a new data platform that helps businesses create better messaging for their customers. The partnership, which combines the two firms’ software, will allow businesses to access data from different sources in real time to create a personalised customer profile. Read more: Adobe and [...]
Dyson travels down new path, but are customers on board? May 15, 2019 Plans for Dyson’s “radically different” electric car have been revealed. Founder James Dyson said that the patents were deliberately light on specifics, but hinted towards unusual proportions and off-road potential. Most famous for their vacuum cleaners and fans, this diversion into the motoring industry is a bold move. James Dyson explained the concept in a [...]
City Moves for 15 May – Who’s switching jobs at BNP Paribas Asset Management, State Street and Nexus Group? May 15, 2019 Today's City Moves includes BNP Paribas Asset Management, State Street and Nexus Group. BNP Paribas Asset Management BNP Paribas Asset Management (BNPP AM) has announced the appointment of Rob Gambi as global head of investments, based in London. He will report to chief executive Frederic Janbon and will be a member of BNPP AM’s executive [...]
One in three female lawyers sexually harassed at work, comprehensive survey shows May 15, 2019 A comprehensive report launched today by the International Bar Association has unveiled the scale of sexual harassment and bullying within the legal sector. The survey of nearly 7,000 lawyers worldwide, found one third of female lawyers had been sexually harassed and one-in-two had been bullied. Read more: Lloyd's of London will ban drunk staff from [...]
Leaked document reveals Labour plan to nationalise UK energy network at below market value May 14, 2019 Labour leader Jeremy Corbyn has devised proposals to take control of the UK’s energy networks in a plan that industry groups said could increase bills and slow decarbonisation. A Labour party document reveals Corbyn’s plan to nationalise energy companies “immediately” following a general election win. Read more: World could face energy shortage as investment lags [...]