Shares in Sorrell’s S4 Capital get boost as rapid expansion continues July 29, 2019 Shares in S4 Capital rose more than four per cent this morning after the digital advertising firm reported strong trading for the first half. S4, which is run by ad veteran Sir Martin Sorrell, said like-for-like revenue and gross profit were up roughly 40 per cent over the period. Read more: Sorrell’s S4 Capital to [...]
Sadiq Khan’s approval ratings drop to lowest level ever amid knife crime crisis July 28, 2019 Approval ratings for Sadiq Khan have fallen to their lowest levels in his three-year tenure as Mayor of London amid growing concern about crime rates in the capital. Khan has an approval rating of -3, with 30 per cent of Londoners saying they are satisfied with his leadership and 33 per cent dissatisfied, according to [...]
No-deal Brexit a ‘threat’ to UK’s science sector, says Wellcome Trust July 27, 2019 The chairwoman of the Wellcome Trust, the UK’s biggest charitable funder of scientific research, has written to Boris Johnson claiming that a no-deal Brexit is a “threat” to the science sector. Lady Eliza Manningham-Buller has backed Johnson’s vision for the science industry, but warned against the potential damage leaving the EU without a deal could [...]
Boris Johnson ‘absolutely’ rules out pre-Brexit general election July 27, 2019 Boris Johnson has ruled out calling a general election prior to the Brexit deadline of 31 October. The Prime Minister said voters did not want to return to the polls for another general election or referendum until the mandate had been completed. Read more: Ireland foreign minister hits out at Boris Johnson’s “unhelpful” Brexi approach [...]
US and UK working on ‘very substantial’ trade deal, says Trump July 27, 2019 US President Donald Trump has revealed that he has begun talks with Boris Johnson and the UK about a “very substantial” trade deal. Speaking on Friday, Trump said that a deal between the two countries following the UK’s exit from the European Union could lead to a “three to four, five times” increase in current [...]
Boris Johnson to pledge funding for high-speed rail route between Leeds and Manchester July 27, 2019 Boris Johnson is expected to pledge to fund a new high-speed rail link between Leeds and Manchester during a speech in the latter, later today. He will give his backing to the trans-Pennine transport link to “turbo-charge the economy”. Read more: UK car industry tells Boris Johnson no-deal Brexit not an option It is the [...]
Sports Direct hit by £605m Belgian tax bill and ‘terminal’ House of Fraser problems July 27, 2019 As Sports Direct finally released its financial results yesterday following the close of the market, Mike Ashley admitted it may have been a mistake to buy House of Fraser last year. The sporting goods retailer delayed announcing its results, which are usually released before the market opens at the start of the day, on three [...]
Enough buffoonery, Boris: it’s time for you to step up July 26, 2019 They say a week is a long time in politics. By that measure, this one has been longer than most. We’ve seen Theresa May’s departure from Downing Street (headed for Lords, it seems, and most likely a glass or two of chilled Pinot Grigio) and the installation of Alexander Boris de Pfeffel Johnson as prime [...]
Mike Ashley stays silent on Sports Direct as London Stock Exchange ends trading July 26, 2019 Sports Direct was meant to deliver a delayed set of results to the City today, but trading opened and closed and the only messages to come from Mike Ashley’s retailer were three further delays. The sportswear firm failed to update the market at 7am, before telling journalists to await an update at 12pm. Read more: [...]
US economic growth falls short of Trump’s target July 26, 2019 US economic growth last year fell short of the Trump administration’s three per cent target, potentially sparking renewed criticism of the government’s $1.5 trillion tax cuts. Gross domestic product grew at a rate of 2.9 per cent in 2018, the US Department of Commerce announced today. Read more: US economy adds just 75,000 jobs in [...]