MPs in eurosceptic ERG faction ‘will vote against’ May’s Brexit deal in June May 15, 2019 The majority of MPs in anti-EU Tory faction the European Research Group (ERG) will vote against Prime Minister Theresa May’s Brexit deal when it is presented to parliament next month, a minister has said. Read more: MPs will vote again on Brexit next month – despite no cross-party agreement Conservative MP Owen Paterson, who was [...]
European growth aided by UK expansion and German bounce-back May 15, 2019 Growth in the Eurozone and European Union picked up in the first quarter of the year after a rough patch, with the UK showing solid expansion, the EU’s official statistics body confirmed today. Read more: Euro rises as Eurozone economy shows stronger-than-expected growth GDP growth in the EU rose to 0.5 per cent quarter-on-quarter, after growing [...]
Stobart names new chairman after boardroom battle with former chief Andrew Tinkler May 15, 2019 Stobart has chosen a new chairman to succeed the incumbent Iain Ferguson, who was at the centre of a boardroom battle last year with former chief Andrew Tinkler. The aviation and energy giant has announced that David Shearer, a former senior partner at Deloitte in Scotland and Northern Ireland, will join the Stobart board as a [...]
Business cards on the table – what does yours say about you? May 15, 2019 Regardless of industry or sector, the success of a business is often determined by one important moment: the first impression. Although it’s not something that we like to admit, it’s human nature to pass judgement on someone during an initial meeting – first impressions can linger for some time afterwards. For this reason, a good [...]
San Francisco becomes first US city to ban facial recognition software May 15, 2019 San Francisco officials have voted to ban the use of facial recognition technology by local authorities in the latest regulatory clampdown on tech giants. The city’s board of supervisors voted eight to one in favour of the legislation, which would also require police and government departments to submit surveillance technology policies for vetting. Read more: [...]
Experian posts 2019 profit rise helped by global growth May 15, 2019 Credit reporting company Experian’s profit grew in 2019 thanks to global expansion, with its North America and Europe, Middle East, Africa (EMEA) and Asia Pacific divisions seeing double digit revenue growth. Read more: Experian abandons £275m Clearscore merger after competition watchdog probe The figures Experian’s profit before tax rose at an actual rate of one per cent, [...]
Firms forced to tell customers about cheapest mobile and broadband deals under new Ofcom rules May 15, 2019 Broadband, phone and TV firms will be forced to tell customers about their best deals under new rules unveiled today by Ofcom. The new regulations mean telecoms firms will have to notify customers when their contracts are coming to an end and lay out the best tariffs available. Read more: UK average broadband speeds rise by a [...]
William Hill boosts revenue after international expansion campaign May 15, 2019 Bookmaker William Hill said today it had increased its revenue after a campaign of international expansion. In a trading update for the 17 weeks to 30 April, William Hill said net revenue grew two per cent, which it said reflected a “year of transition in retail and online”. Online net revenue grew eight per cent, [...]
Speedy Hire profits jacked up as small business strategy pays off May 15, 2019 A slow uptake of its newly launched app was a rare downside over the past year for tools rental business Speedy Hire as profits shot up. The figures Revenue ticked up nicely by 5.8 per cent to £394.7m as the company spent around £31m on two acquisitions, bringing in expertise in training and powered access. [...]
FTSE 100-listed Compass results point north as revenue and profits rise May 15, 2019 Food services business Compass bolstered its top and bottom lines in the first half of its financial year as one analyst dubbed the company’s reliable growth as “brilliantly boring”. Read more: Compass shares near all-time high after strong revenue growth The figures Operating profit rose almost seven per cent to £913m year on year for [...]