Serco shares plummet. But it’s all part of a long and winding road to recovery, says its boss February 22, 2017 Serco's share price plummeted over 18 per cent after the FTSE 250 firm posted a 14 per cent fall in profits for the year to December. But analysts warned investors in the supply services giant would likely take flight owing to a cut to forecast earnings in 2018 and an increased tax bill. The figures Total revenue fell [...]
Did Labour deputy leader Tom Watson perform a Parliamentary “dab”? February 22, 2017 Prime Minister's Questions resumed today after a brief break – and with two by-elections taking place tomorrow, it was a crucial session. But it wasn't quite business as usual. Because it looks an awful lot like Labour's deputy leader Tom Watson performed a little dance move from his seat in the House of Commons. Deputy Labour [...]
The Met Police has appointed its first female commissioner February 22, 2017 Cressida Dick has been appointed as commissioner of the Metropolitan Police, replacing Sir Bernard Hogan-Howe. The appointment means the Met will be led by a woman for the first time in its 187-year history. Dick currently works at the Foreign Office, and her appointment had been widely expected. London mayor Sadiq Khan welcomed the news [...]
Hays boss: Londoners should look outside of the capital for signs of optimism in the UK jobs market February 22, 2017 London's workers should look beyond the capital for evidence that greenshoots are emerging in the UK jobs market after the meteoric shock of the Brexit vote, the boss of Britain's largest recruitment firm said today. FTSE 250 firm Hays' today revealed UK revenues fell by 10 per cent in the six months to December. "Immediately post the [...]
Petrofac shares have jumped as bidding activity increases on rising oil prices February 22, 2017 Petrofac's shares jumped today on increased bidding activity in its core Middle Eastern markets, as oil prices continued to recover. The figures For the year to the end of December, oil and gas service provider Petrofac posted a net profit of $1m (£802,439) compared with a loss of $349m the previous year. Reported profit was hit by $319m of exceptional items [...]
Tom Hayes, the first person to be found guilty of Libor-rigging offences in the UK, is suing the City watchdog over his industry ban February 22, 2017 Tom Hayes, the first person to be found guilty of Libor rigging in the UK, is suing the City watchdog to overturn a ban on him working in the industry. The former UBS and Citigroup trader was jailed for 14 years in August 2015, but his sentence was reduced to 11 years by the Court [...]
Apple just announced when its futuristic new $5bn campus will launch February 22, 2017 It's been years in the making – but today Apple said its shiny, new $5bn campus in Cupertino will finally open in April. The 175-acre campus features a giant donut-shaped building designed by Foster + Partners, which will be clad in the world's largest panels of curved glass. As well as the 2.8m sq ft building, Apple [...]
Unilever share price rises as it reveals plans for business review in wake of collapsed Kraft Heinz deal February 22, 2017 Consumer goods giant Unilever has pledged to shake-up its business on the back of a £113bn botched takeover attempt by rival Kraft Heinz. The FTSE 100-listed consumer products group issued a statement to the Stock Exchange in the wake of a collapsed potential deal with US rival Kraft Heinz, which is part-owned by Warren Buffett and [...]