Louis Vuitton and Moet & Chandon owner reveals 2016 was a vintage year January 26, 2017 While last year might not have been everyone's favourite 12 months, luxury brand owner LVMH revealed "an excellent performance in 2016", posting solid revenue and cashflow growth. The owner of a variety of posh labels including Louis Vuitton and Christian Dior said organic revenue growth during 2016 was six per cent with sales totalling €37.6bn (£31.9m). Read [...]
Shadow minister Tulip Siddiq quits Labour’s frontbench over Article 50 plan January 26, 2017 Labour shadow minister Tulip Siddiq has resigned from her party's frontbench over plans to order MPs to back an Article 50 Bill. Labour leader Jeremy Corbyn said earlier today that he would impose a "three line whip" on the Bill, meaning all of his MPs would be expected to back the legislation, which will grant [...]
French Connection boss signals two non-executive directors will step down January 26, 2017 The boss of French Connection has signalled two non-executive directors will be stepping down from the board after an intervention by a group of activist investors. Three investors wrote to French Connection's chief executive and chairman Stephen Marks last Thursday to demand non-executive directors Dean Murray and Claire Kent leave the board after presiding over "a tremendous decline [...]
Tata’s UK steelworkers face a “make or break” vote on pensions as union leaders back reforms January 26, 2017 UK steelworkers are set for a "make or break" vote on reforms that could determine the fate of Port Talbot. Today unions united behind proposals that will see Tata Steel pump £1bn into the sprawling Port Talbot steelworks in exchange for workers accepting changes to their pension schemes. The ballot on the changes will run from Monday to mid-February. [...]
Spiralling IT costs to hit TSB’s profit this year despite stellar 2016 January 26, 2017 High street bank TSB is expecting a challenging 2017 despite its annual pre-tax profits growing by 169 per cent to £182m last year. The bank, which was spun out of Lloyds in 2013, expects “significant reduction” in profits this year due to the cost of using its former parent's IT platform. "At the moment, we rent our [...]
Industrials firms are expected to make a comeback on Aim in 2017 January 26, 2017 Miners and oil and gas companies are expected to make a comeback on the junior flotation market in 2017, but realistic pricing and high quality prospects will be critical to their success, new research suggests. A much improved initial public offering (IPO) market is expected for industrials firms as commodity prices continue to rise, Alternative Investment Market [...]
Cezanne paints picture of HR Cloud success with expansion January 26, 2017 | City Talk Southwark-based Cezanne HR has announced plans to open a new office in Glasgow, with the expansion following the company’s most successful year to date. It now has a record number of new customers and an increased global presence. The company, a leading provider of Cloud HR software for mid-sized and growing UK and international businesses, said [...]
The Doomsday Clock is ticking on world’s nuclear apocalypse countdown as Donald Trump begins his reign as US President January 26, 2017 Time is ticking away for the world’s effort to avoid an apocalyptic catastrophe as Donald Trump takes the US Presidency, according to a group of scientists. The hand on the Doomsday Clock, a symbol of how close the world is to meltdown, has been moved 30 seconds closer to midnight. The time now is the [...]
Londoners invited to invest in Libya January 26, 2017 Libyan businessmen and governmental officials are in London today seeking investment in the country’s key industries. The Libya Reconstruction and Investment Forum is being held at Lancaster House, a government-owned mansion in St James’s operated by the Foreign Office. Oil, healthcare and infrastructure will be among the sectors where Libyans will be looking for foreign [...]
Spain wants to start post-Brexit trade talks with Britain as soon as possible – defying the EU January 26, 2017 Spanish government officials want to start negotiating a trade deal with the UK to take effect after Brexit, going against the official position of key negotiators in Brussels. In an interview with the Financial Times, Spain's foreign minister Alfonso Dastis said that he believes starting trade talks before the full terms of Brexit are agreed [...]