Sales at Tesco are growing at their fastest rate in three years – but Morrisons and Asda are still suffering November 15, 2016 The supertanker that is Tesco continues to change its course, after new figures suggested its sales rose to their highest in three years in the last quarter. Data by Kantar Worldpanel showed Tesco sales rose 2.2 per cent in the 12 weeks to 6 November, putting its market share at 28.2 per cent – up from [...]
Mapped: This is the route HS2 will take north of Birmingham November 15, 2016 Transport secretary Chris Grayling has confirmed the majority of the preferred HS2 route from Crewe to Manchester and the West Midlands to Leeds. It is expected that Phase Two will begin operating trains around 2033 as part of the HS2 network, with part of the route (between West Midlands and Crewe) to open in 2027 [...]
Vodafone beats expectations as it continues to monitor Brexit implications November 15, 2016 Vodafone beat expectations with a 4.3 per cent growth in earnings in the six months to September. The figures The telecoms giant reported group revenue of €27.1bn (£23.4bn), down 3.9 per cent on the same period of last year. But organic earnings before interest, taxation, depreciation and amortisation (Ebitda) came in at €7.9bn, beating an analyst [...]
Land Securities posts £95m pre-tax loss but hikes dividend by almost 10 per cent November 15, 2016 Property developer Land Securities swung to a loss in the first half of 2016 – but the group still hiked its dividend by almost 10 per cent. The figures The company reported a £95m loss in the six months to 30 September, from a pre-tax profit of £707.9m in the first half of last year. [...]
TalkTalk profits soar as telecoms giant continues cyber attack recovery November 15, 2016 TalkTalk’s earnings soared in the six months to September, despite total revenue falling 1.1 per cent. The figures Turnover for the half-year to 30 September came in at £902m, down from £912m in the same period last year. But earnings before interest, taxation, depreciation and amortisation (Ebitda) were up 44 per cent to £130m. Read more: [...]
Easyjet cuts dividend as profits nosedive following Brexit vote November 15, 2016 Profits tumbled at Easyjet during the 2016 financial year, with the budget airline blaming a combination of the EU referendum result and a number of terror attacks across Europe over the last 18 months. The figures Profit before tax dropped 27.9 per cent to £495m from £686m in 2015. Basic earnings per share declined by [...]
Do schmaltzy Christmas ads cheer up revenues? November 15, 2016 What do a robin, a boxer dog, a cartoon character called Dave and Mrs Santa Claus have in common? It may sound like the start of a bad joke but this motley crew all have starring roles in 2016's Christmas adverts for major retailers. So far, the M&S ad appears to be the biggest hit [...]
Metro Bank, Deloitte and Setl are testing a blockchain-based contactless card November 15, 2016 Metro Bank, Deloitte and blockchain startup Setl have created a card for making simple contactless payments such as buying a morning coffee, using the distributed ledger technology (DLT) in a trial that's understood to be the first of its kind. The card has been tested by 100 people as part of the City watchdog's fintech sandbox [...]
Donald Trump and Vladimir Putin want to “normalise US-Russia ties” November 15, 2016 The election of Donald Trump can help “normalise US-Russia ties”, the Kremlin has said. President-elect Trump and Russian President Vladimir Putin shared their first phone conversation on Monday night after last week’s election. Read more: Global leaders react to Trump victory: Putin offers his congratulations The Kremlin said the pair had agreed that the current [...]
Jaguar Land Rover just wheeled out its first electric car: The I-PACE Concept November 15, 2016 Here it is, in all its glory: Jaguar's closely guarded secret. A new electric vehicle. The Jaguar I-PACE Concept car was previewed at the LA show, with the production version to be revealed in late 2017, ahead of it hitting the road in 2018. It's an electric SUV which Jaguar says combines a "supercar silhouette" [...]