City takeover watchdog boss apologises for emailing business leaders to sign anti-Brexit petition March 29, 2019 A City watchdog boss has apologised for wading into the Brexit debate after urging a number of high-profile business contacts to sign a controversial petition to revoke Article 50. Anthony Pullinger, who is listed as a deputy director general of the City's takeover panel, which oversees mergers and acquisitions, last week emailed a long list [...]
Police shred Ukip leader’s claim officers will deploy water cannon on pro-Brexit protest rallies March 29, 2019 The Met Police was quick to dismiss an MEP's claims this morning that officers would use water cannon on pro-Brexit marchers congregating in London today. Read more: Brexit vote live: Mogg slams 'failure' that Brexit won't happen today Ahead of the several pro-Brexit marches taking place in the capital today, Gerard Batten MEP tweeted: “There are reports [...]
H&M shares soar despite profit fall March 29, 2019 Shares in Swedish clothing retailer H&M soared today after it unveiled better-than-expected profit figures for the first quarter. Shares in the Stockholm-listed clothing giant jumped 12 per cent to hit 158 Swedish krona, despite a fall in profit. Pre-tax profit fell for the seventh straight quarter in the three months ending in February, sliding to [...]
Passengers warned of Easter travel chaos as HS2 works shut Euston station March 29, 2019 Passengers have been urged to check their travel plans this Easter as Euston station closes while major engineering works for HS2 take place. Read more: Passengers urged to plan Easter travel ahead of railway upgrades No trains will leave Euston over the Easter weekend between 19 and 22 April, as well as the first bank holiday [...]
UK growth sluggish as consumer spending keeps economy afloat March 29, 2019 Britain’s economy grew by just 0.2 per cent in the final quarter of last year compared to the quarter before, figures released today have confirmed, giving it the third-slowest growth rate out of the G7 countries in 2018. The economy was boosted by British consumers spending more than they earned for a ninth consecutive quarter, [...]
Numis sees revenues plunge amid Brexit uncertainty and lower share prices March 29, 2019 London-based stockbroker Numis has warned shareholders today that it expects to deliver revenue approximately 26 per cent lower in the first half of 2019 than it did in the same period a year before. Read more: Numis warns of Brexit hit to trading performance In a trading statement released this morning the company, which is [...]
Worst London house price drop in 10 years drags down UK house prices growth March 29, 2019 UK house price growth stayed soft in March as London's worst house price drop in a decade dragged down the market. Prices rose 0.7 per cent in March compared to the year before, according to Nationwide’s latest house price index, a modest 0.2 per cent higher than February. Read more: UK house prices: Brexit means prices [...]
Tui takes €200m hit after Boeing 737 Max jets grounded following crash March 29, 2019 Travel operator Tui has taken a €200m (£172.5m) hit from the grounding of Boeing’s 737 Max planes. The holiday destination company confirmed the blow this morning, saying the expense of drafting in spare aircraft and “other disruption costs” will weigh on profits. Underlying earnings before interest tax and amortisation are now expected to drop 17 per [...]
MPs prepare for third meaningful vote on Theresa May’s Brexit deal March 29, 2019 Theresa May will attempt to push her Brexit deal through parliament for a third time today – the day the UK was officially scheduled to leave the EU. The Prime Minister will ask MPs to vote on her withdrawal agreement but not the political declaration in order to get round a ruling made by the [...]
‘No justice’: Mike Ashley voices anger as Debenhams thwarts his takeover bid March 29, 2019 Mike Ashley has railed against Debenhams’ move yesterday to thwart his takeover offer, saying “if there were any justice in the world the majority of the advisors would be put in prison”. Read more: Debenhams bondholders back £200m rescue loan in blow to Ashley bid The billionaire owns a 30 per cent stake in the department [...]