Outsourcer Interserve begins trading as a private company after shares suspended March 18, 2019 Government supplier Interserve has today embarked on a new chapter as a private company, after its shares were removed from the London Stock Exchange. The ex-FTSE 250 mainstay went into administration on Friday after shareholders rejected a plan to alleviate most of its £630m debt pile, which would have seen their collective stake in the [...]
Rent rises: East London outpaces West London in rental growth race March 18, 2019 Fresh evidence of demand for East London’s housing market has been underlined by new figures today, with traditional high-growth areas in the west of the capital seeing more of a slowdown in recent years. Rents in East London’s nine boroughs rose on average by more than 20 per cent since January 2012, compared with growth [...]
MPs call for social media regulation to protect children from online ‘wild west’ March 18, 2019 The “lawless landscape” of social media must be regulated to ensure young people are protected from graphic content that could damage their mental health, a group of MPs has said. A report into the impact of social media on young people’s mental health concluded firms such as Facebook and Instagram should face a 0.5 per [...]
Morrisons keeps income investors happy March 18, 2019 | City Talk By Graeme Evans from interactive investor. After flagging another special dividend with annual results, there are opportunities for this grocer. In an eventful and turbulent period for the grocery sector, Morrisons (LSE:MRW) continues to hold its own after unveiling further robust profits growth and another special divi for investors. Today’s full-year results, despite drifting back [...]
Fraud office launches investigation into collapsed lender London Capital & Finance March 18, 2019 The Serious Fraud Office (SFO) has launched an investigation into failed £236m lender London Capital & Finance (LCF), it said today. The SFO said it made four arrests in the Kent and Sussex areas on 4 March. It said all four individuals have been released pending further investigation. The SFO is investigating in conjunction with [...]
UK statistics body to start using new, quicker indicators March 18, 2019 The UK’s main statistical body will move to new, faster economic indicators to keep up with demand from policymakers and analysts and to compete with other services, it said today. Read more: UK economy rebounds in January after December slump The Office for National Statistics (ONS) announced today that from mid-April it would use new [...]
Moss Bros shares jump with Joules boss Colin Porter to take on role as chairman March 18, 2019 Men’s tailoring giant Moss Bros is set to draft in the chief executive of fashion group Joules as its new chairman, with the group looking to regain City confidence after last year’s lull in summer sales dented investor sentiment. Shares in the formal menswear specialist, which has over 120 shops in the UK, climbed five [...]
News UK launches new influencer marketing agency The Fifth March 18, 2019 Media giant News UK today said it has launched The Fifth, an independent full-service influencer marketing agency. The Fifth, which will be led by News UK’s former director of digital strategy and partnerships Oliver Lewis, will work with both established stars and emerging talent in a bid to deliver brand campaign across social media channels. [...]
Advertising Week Europe begins today, so let’s remember that the creative industries are the unsung heroes of the UK economy March 18, 2019 When people think about television, they probably think of the BBC and UK programmes with global appeal, like Downton Abbey and Killing Eve. And even in literature and film, British characters are at the top of any list of the most memorable and loved creations – from James Bond to Harry Potter. Past and present, [...]
Half a million packets returned since launch of Walkers recycling scheme March 18, 2019 Walkers revealed today that more than half a million packets of crisps have been collected since it launched a recycling scheme in the wake of mounting public pressure late last year. Over 8,500 collection points for recycling Walkers crisp packets have been established since December, when the group began a new green initiative. The firm’s [...]