Asos set to bag a Brexit win this week when it reports its results October 16, 2016 Asos is set to be crowned a Brexit winner this week when it reports its results for the year on Tuesday, with profits expected to rise by over 30 per cent. Half of Asos' customers are overseas, helping the online retailer mitigate against the pain of the slump in sterling. It's fortunes are in stark [...]
Betfred and Stan James put their money on more than 300 shops from Ladbrokes-Gala Coral merger October 16, 2016 Betfred will scoop up 322 shops being sold as part of the Ladbrokes-Gala Coral merger for £55m, Gala Coral announced today. The gambling giants will sell off 359 high street branches in total if the bookies successfully merge, of which the remaining 37 will go to sports betting group Stan James for £500,000. In July, the [...]
Get ready for round two of US bank earnings, with Goldman Sachs, Morgan Stanley and Bank of America reporting this week October 16, 2016 Wall Street investors are likely eyeing this week with trepidation, as a slew of US financial giants gear up to release quarterly earnings. Bank of America will kick off the week, releasing third quarter earnings on Monday. Goldman Sachs will report on Tuesday, Morgan Stanley on Wednesday and Bank of New York Mellon on Thursday. Bank [...]
Brace yourself middle England: Waitrose’s free coffee could be under threat October 16, 2016 Middle England's favourite supermarket risks causing a rift among its quinoa and kale loving shoppers. Waitrose is no longer serving up a free coffee or classic cuppa tea to customers in some of its stores in the way they've been used to. The roll back on the tempting offer which was first introduced in 2013 – and has [...]
Employees take Tesco to court over pay cuts October 16, 2016 Tesco employees are taking the retailer to court after it cut their pay. A group of 17 workers are fighting Tesco's decision to reduce their pay on weekends, bank holidays and evenings. Law firm Leigh Day has contacted Tesco to ask how many employees are affected, but have estimated that 50,000 staff face a pay cut. [...]
People living in this location care most about house prices October 16, 2016 The hot topic of house prices keeps the nation preoccupied perhaps more than any other country – but some areas of Britain are more concerned than others. Residents of Reading are the nosiest when it comes to finding out how much their neighbours' homes are worth, searching twice as much as those in other areas according to property website Zoopla. [...]
Theresa May’s heading on her first international trade mission October 16, 2016 Theresa May is heading to India to russle up business ties with the country in her first international trade mission as Prime Minister in a bid to boost the economy after Brexit. A number of deals are expected to be signed on the visit which will take place at the start of November and May will meet with [...]
These are the arguments Boris Johnson would have made for Remain October 16, 2016 Boris Johnson questioned whether the logic for Brexit was "wholly correct" in a never before published article just days before he came out supporting Britain leaving the EU. The secret column was drafted by the now foreign secretary in February and argued that the implications of Brexit on relationships with Scotland and Russia needed to be considered. Read [...]
New BBC cost-cutting plans restrict presenters’ foreign travel October 15, 2016 Presenters on some of the BBC’s most popular programmes are to be prevented from going abroad as part of the corporation’s cost-cutting plans. They mean presenters from news programmes such as BBC Breakfast and Newsnight will not be permitted to travel abroad to cover breaking international news. Instead, reporters could stand in for presenters. Read [...]