Expedia sees second quarter revenues slip following promotional activities July 28, 2016 Expedia has blamed a raft of new promotional activity for its failure to hit earnings forecasts for the second quarter. The travel expert said that revenue had been higher promotions for its member loyalty program and discounts to promote new hotel listings. The firm recorded quarterly takings of $2.20bn for the three months to 30 June, [...]
A final verdict on the construction of Hinkley Point C has been delayed to early Autumn, despite EDF approving the project today July 28, 2016 A decision by the board of French energy giant EDF to approve construction of two new nuclear reactors at Hinkley Point in Somerset was given a lukewarm response by Theresa May's government last night. In a shock move, business and energy secretary Greg Clark said the Government will now review the details and make a decision [...]
Institute of Directors names Stephen Martin as new director general July 28, 2016 Top lobby group The Institute of Directors (IoD) will today announce who will be taking over as its new director general – a role dubbed “the bosses’ boss”. Stephen Martin, a long-standing IoD member with a background in industry, has secured the high-profile position as chief of the 113-year old organisation after an eight-month long [...]
Leaving the EU only strengthens the case for expanding both Gatwick and Heathrow July 28, 2016 As MPs prepare to jet off on their summer holidays, there is one big decision that awaits their return: where to build a new runway in London and the South East. This is a decision that has now dragged on beyond all belief. When the Airports Commission published its final report over a year ago, we [...]
Adidas results boosted by cancelled five-year contract with Chelsea July 28, 2016 Adidas increased its guidance for 2016 for the fourth time this year when releasing second-quarter preliminary results today. The Bavarian-based sports group reported earnings per share that had doubled – €1.45 per share compared to €0.73 during the same period in 2015. Revealing operating profit that was up 77 per cent to €414m (£348m), the company alluded to a key [...]
As it says it’s in a “strong position to withstand uncertainty”, is Lloyds right to be so bullish after Brexit? July 28, 2016 Laith Khalaf, senior analyst at Hargreaves Lansdown, says Yes. It’s not a great time to be a bank, but the sector is in much better shape than it was going into the financial crisis. In particular Lloyds has simplified its structure to focus on key strengths in the UK retail and commercial banking market. There may [...]
The board of French energy giant EDF has backed the construction of Hinkley Point C July 28, 2016 The board of French energy giant EDF has backed the construction of a new nuclear power plant at Hinkley Point. A vote among board members today supported the £18bn construction of Hinkley Point C According to reports, board members voted in favour of the project by a margin of 10 – seven, although an EDF spokeswoman [...]
French bank BPCE acquires hot fintech challenger Fidor July 28, 2016 France’s fourth largest bank has gobbled up a fintech startup that specialises in digital banking. BPCE has acquired German challenger Fidor to push forward its digital strategy across Europe. Fidor, named one of Europe’s hottest fintech companies, currently operates in several countries including the UK. Founded in 2009 and with investment from Anthemis Group among others, BPCE has agreed [...]