Ryanair’s earnings set to fly lower than expected as weak sterling drags down fares November 6, 2016 Ryanair has suffered some turbulence post-Brexit, predominantly fuelled by the plummeting sterling, and investors are braced for a bumpy landing in its upcoming results. Full-year profits expected to grow five per cent lower than previously guided at seven per cent. The revised guidance, provided a couple of weeks ago, reflected weaker sterling with 26 per [...]
M&S is braced for tumbling profits with boss Steve Rowe set to announce raft of store closures November 6, 2016 Marks & Spencer is braced to unveil tumbling profits in its interim results on Tuesday. Profit before tax is expected to have dropped by over 20 per cent to £216m according to analyst consensus, showing the scale of the challenge chief executive Steve Rowe faces. Clothing and home sales, which are measured at stores open for [...]
Heathrow chairman Lord Deighton wants other airports given the green light for expansion November 6, 2016 Lord Deighton is feeling magnanimous since Heathrow's expansion plans have been given the go-ahead. Speaking to the Sunday Telegraph, Heathrow's chairman said airports across Britain should be allowed to grow; as long as there's enough demand for their services. "To the extent that those airports need an extra runway to be able to provide the slots to [...]
Tesco Bank alerts thousands of customers to potential fraud November 6, 2016 Tesco Bank has notified thousands of customers that they may have been targeted by fraudsters. The supermarket-owned bank said it has identified "suspicious activity" via its fraud prevention systems on Saturday and is taking action as a precautionary measure. "We are sorry for the inconvenience we know this causes, however we want to do everything we [...]
Labour WON’T block Article 50 insists deputy leader, despite Corbyn’s demands for “Brexit bottom lines” November 6, 2016 Labour's position on Article 50 has been thrown into doubt less than a day after Jeremy Corbyn said he was prepared to force Theresa May to call an election if she didn't meet his “Brexit bottom lines”. Corbyn told the Sunday Mirror that he was not against the Prime Minister triggering Article 50, but would [...]
Nigel Farage warns of political anger “the likes of which we’ve never seen” November 6, 2016 Nigel Farage has added fuel to the fire in the row over how Brexit will be triggered, warning that there would be unprecedented political anger among people who might feel "cheated" and "betrayed". "If the people in this country think they're going to be cheated, that they're going to be betrayed, we're going to see political [...]
Researchers have discovered why we can’t resist the latest tech upgrades November 6, 2016 Ever wondered why your rationality goes out the window as soon as the new MacBook or iPhone 7 is announced, and you just have to have it? Even when its latest features seem a little odd (who needs a boring old USB port anyway?) or you run the risk of buying something that might spontaneously [...]
MPs want to scrap the pensions triple lock to help millennials November 6, 2016 A group of top MPs have called on the government to scrap the favourable triple lock on state pensions because it favours the baby boomer generation over struggling millennials. The MPs said the promise to guarantee the state pension with a yearly rise in line with either inflation, average earnings or 2.5 per cent, whichever [...]
Gina Miller condemns “shameful” and “disgraceful” media coverage of Article 50 case November 6, 2016 Gina MIller, the woman who led the high profile legal challenge to Article 50, has insisted the case is about the way we leave Europe and not about changing the outcome of June's referendum. Speaking on the BBC's Andrew Marr show on Sunday Morning, she hit back at the response of some media to the case, which [...]
Theresa May is promising Brexit “in full” November 6, 2016 Theresa May has promised a full Brexit after the process of leaving the EU was thrown into doubt in the wake of a legal ruling over how Article 50 can be triggered, risking an unprecedented constitutional row. The Prime Minister has said it is the "responsibility of the government to get on with the job and to [...]