BP renews controversial sponsorship of top London museums and galleries July 28, 2016 BP's sponsorship of several of London's leading cultural attractions will continue for another five years despite the firm's declining profits as it struggles with low oil prices and the continued fallout from the Deepwater Horizon oil spill. The £7.5m commercial deal puts the name of the oil company alongside The British Museum, National Portrait Gallery, Royal Opera House and the [...]
Byron Hamburgers boycotted following immigration scandal that’s spawned a trending Twitter hashtag July 28, 2016 Byron Hamburgers has been subjected to the wrath of Twitter since claims emerged the posh grub chain organised a training day for foreign staff who were then deported by UK border agents. The burger group inadvertently trended on Twitter yesterday with the hashtag #boycottbyron, following widespread reports that 35 staff from at least 15 restaurants were [...]
Rapid growth in household incomes powering Eurozone recovery July 28, 2016 Household incomes grew by one of their fastest rates since the financial crisis in the Eurozone earlier this year, as the recovery in the single currency area picked up steam. Disposable income per person, which takes into account all kinds of incomes and expenditures, climbed by 0.9 per cent in the first quarter, up from a [...]
Sports Direct’s share price soars as it announces £90m share buyback July 28, 2016 Sports Direct's share price was up 13 per cent this morning after the company announced a £90m share buyback. The buyback represents roughly five per cent of the fitness retailer's share capital and will be taking place in the lead-up to the company's annual general meeting (AGM) on 7 September. Read more: Four of the most jaw-dropping [...]
Northern newspaper to stop publishing – after just five weeks July 28, 2016 Publishing group Cumbrian Newspapers (CN) is shutting down its most recently launched title after just five weeks in print, after failing to sell enough copies. CN launched 24 – The North's National on 20 June, a Monday to Friday publication with a cover price of 40p and the aim of "giving readers a national newspaper [...]
Foreign secretary Boris Johnson to meet French counterpart Marc Ayrault who called former mayor a liar during EU referendum July 28, 2016 Foreign secretary Boris Johnson will meet his French counterpart later today, a man who branded him a liar during the EU referendum. The French foreign ministry said: “This first trip to France by the British foreign secretary will offer an opportunity to discuss the most important international issues of the day on which we work closely with [...]
Credit Suisse swings back into the black for second quarter of the year – but shares fall July 28, 2016 Credit Suisse may have swung back into the black in the second quarter – but investors were still cautious. The figures The banking giant reported income before taxes of CHF 199m (£153m) for the second quarter of 2016, swinging back into profit compared with a loss of CHF 484m for first quarter of the year but down a massive 88 per [...]
Turkey’s tourist numbers drop 40 per cent on terrorist attacks July 28, 2016 The number of foreign visitors heading to Turkey plummeted in June as sun-seekers shunned the troubled country amid terrorist attacks and political instability. In total, 2.4m tourists visited Turkey in June, down 41 per cent on the same month last year in the biggest fall in more than two decades. Last month an attack at Istanbul's [...]
National Express reports revenue growth led by European ventures July 28, 2016 National Express reported strong growth today despite a subdued UK market. The figures National Express posted group revenues up 14.4 per cent for the first half of 2016 to £1.1bn. The company reported pre-tax profit up 4.8 per cent to £56.9m in the six month period ending 30 June. Net debt rose by £88.4m to [...]
Just Eat soars to record high delivering upgraded outlook July 28, 2016 Shares in takeaway firm Just Eat have soared to a record high after upping its outlook for the year. The figures Revenue for the first half the year to June was up 59 per cent to £171.6m as like-for-like orders surged 40 per cent. Underliying earnings before interest, taxes, depreciation and amortisation more than doubled to £53.4m [...]