Property Legal Q&A: I want to carry out major renovations to my flat, but my lease prohibits structural alterations. Is there anything I can do? April 25, 2019 It is common for leases of flats to prevent any structural alterations by the tenant. In practice though, many landlords usually allow such alterations to be carried out subject to licence and, in certain circumstances, the payment of a premium. However, a recent case may have put a stop to this: Duval v 11-13 Randolph [...]
Lazard beats expectations after financial advisory firm gets M&A boost April 25, 2019 Investment advisory firm Lazard's shares climbed eight per cent today after it posted better-than-expected first quarter results. Overall revenue at the New York-listed company fell 14 per cent to $620m (£480m), while analysts had predicted a figure of $589m according to Yahoo Finance. Investors were cheered by the news that Lazard’s key mergers and acquisitions [...]
How to cope with culture clashes and different time zones when collaborating across global offices April 25, 2019 "If everyone is moving forward together, success takes care of itself." While this Henry Ford quote sums up a simple idea for businesses, sustaining a culture of collaboration across a global organisation is more difficult than it sounds. When offices are split across different countries, operations and communications, departments can quickly become siloed. The trick [...]
Laura Ashley shares hit all-time low as fashion retailer sounds alarm April 25, 2019 Shares in fashion retailer Laura Ashley hit an all-time low today after it issued a warning over its full-year results amid difficult trading conditions. Read more: Laura Ashley issues profit warning as sales slide The struggling brand saw its share price fall over 20 per cent this morning to 2.21p. It has since rebounded somewhat [...]
Shares in US industrial giant 3M plummet following weak results April 25, 2019 Shares in US industrial products group 3M have tumbled after the company today posted weak first quarter results and said it would slash 2,000 jobs as part of a restructuring. Read more: Shares in bellwether company Caterpillar fall following mixed results The Post-it Note maker also cut its earnings forecast due to ongoing poor performance [...]
RAF missile-maker MBDA’s offices raided by French police April 25, 2019 Police raided the head office of missile manufacturer MBDA last week at the request of merchant bank Aldini which it is involved in a legal dispute with. Police were turned away with MBDA citing the French national defence act, Aldini said. MBDA manufactures the Brimstone anti-vehicle missile and the Storm Shadow cruise missile for the [...]
Meggitt enjoys strong first quarter but warns of cooling revenue growth over rest of 2019 April 25, 2019 Meggitt shares rose today as the engineering company reported nine per cent revenue growth in the first quarter, but warned this was likely to slow down in the coming year. The warning comes after important client Boeing cut production of its 737 Max jet. Read more: Meggitt spends £5m on Brexit stockpiling The British listed aerospace [...]
Extinction Rebellion protests: Protesters glue themselves to HM Treasury in day of action targeting finance sector April 25, 2019 Environmental protesters have glued themselves to the HM Treasury building as part of a day of action targeting the financial industry. More than 300 Extinction Rebellion activists staged protests across the Square Mile and Canary Wharf as they shifted their focus from London landmarks to the financial sector. Read more: 26 arrested as climate change [...]
CBI: UK retailers enjoy sales boost for the first time in five months April 25, 2019 UK retail sales grew for the first time in five months in April, according to a major business group, in the latest sign that consumer spending is holding up despite ongoing political uncertainty. Read more: Retail sales jump higher than expected in March However, Easter falling later this year probably helped the figures, said the [...]
Dubai port owner DP World holds steady as home market shrinks April 25, 2019 The owner of P&O Ferries said its global portfolio shipped 17.5m twenty-foot containers in the first quarter of the year, broadly flat from the year before. Gross container volumes declined 0.6 per cent year-on-year on a reported basis, Dubai-based DP World said today. Read more: Ports owner DP World increases revenue growth amid global expansion [...]