Court brings £14bn Mastercard mega-claim back to life April 16, 2019 A £14bn class action against Mastercard has been revived after the Court of Appeal reversed an earlier decision to have the claim dismissed. Three judges found that the case, led by the former financial ombudsman Walter Merricks, could be reheard for certification in the Competition Appeal Tribunal (CAT), which ruled in 2017 that the claim [...]
Sterling falls as doubts emerge over cross-party Brexit talks April 16, 2019 Sterling fell after reports emerged that Labour leader Jeremy Corbyn had said talks with the government were stalling, although the party has slapped down the claim. Read more: Tusk says he still dreams of UK U-turn on Brexit A falling pound sent the FTSE 100 to a six-month high, as investors responded to the news [...]
Climate change protests: 122 arrests as Extinction Rebellion’s London shutdown continues April 16, 2019 More than 120 protesters have been arrested during the ongoing anti-climate change demonstrations that have brought central London to a standstill. The Met confirmed that 122 arrests have been made at the Extinction Rebellion protests since they began at 1pm yesterday, with the majority of people arrested for obstructing the Waterloo Bridge last night. Read more: [...]
Recruiter Hays’ share price slips after it lags fee expectations in trading update April 16, 2019 Shares in recruiter Hays dipped today after it announced lower-than-expected growth in its third quarter trading update. Read more: Profits grow at Robert Walters in a 'solid' first quarter Hays said net fee growth for the quarter was six per cent, below the consensus figure of seven per cent. The firm was hit by a [...]
Johnson & Johnson defies baby powder asbestos concerns to beat first quarter forecasts April 16, 2019 Shares rose at Johnson & Johnson this afternoon as the world’s biggest healthcare company beat revenue and profit forecasts for the first quarter. Read more: Johnson & Johnson share price falls as baby powder probe intensifies The New York-listed firm withstood concerns about asbestos in its baby powder which surfaced late last year, which drove poor [...]
Notre-Dame fire: Paris public prosecutor rules out arson as L’Oreal donates €200m to repairs April 16, 2019 French authorities believe the devastating fire that has caused untold damage to Paris’ Notre-Dame cathedral was the result of an accident. The Paris prosecutor told media today that there was no sign that the inferno that engulfed the historic cathedral was started on purpose. Read more: Notre-Dame fire: French billionaires pledge €300m for repairs “We [...]
Bank of America reports 25 per cent rise in consumer banking revenue April 16, 2019 Bank of America posted a 25 per cent revenue increase in its consumer banking division in the first three months of this year. Net income across the whole business rose six per cent to $7.3bn in the first quarter of the year, driven by strong operating leverage, while diluted earnings per share increased 13 per [...]
US pressure to ban Huawei from 5G infrastructure ‘belittles’ national security April 16, 2019 The US government’s campaign to ban Huawei from 5G networks “belittles national security”, the firm’s cyber security boss has said. Huawei senior vice president John Suffolk accused the US of using national security as an excuse to stifle competition from China. Suffolk brushed off allegations that Huawei’s equipment could be used for spying, insisting the [...]
Blackrock profits fall but still beat analysts’ expectations April 16, 2019 Blackrock saw profits fall in the first quarter of the year but the fund management giant nonetheless beat analysts’ expectations after announcing results today. Read more: Blackrock boss Larry Fink calls UK 'irresponsible' over Brexit uncertainty Shares in the company had risen 2.7 per cent just after 4pm UK time, to $4.64 ($3.56). The figures Net income [...]
Struggling mattress firm Eve Sleep unveils new finance chief as turnaround plan continues April 16, 2019 Eve Sleep threw open the curtains this morning to reveal its new chief financial officer will be Tim Parfitt, former finance boss at furniture retailer Loaf. Read more: Don't hit snooze: Eve Sleep calls on Apple to kill snooze button The struggling mattress seller said Parfitt would start in the role in mid-June, replacing outgoing [...]