Sainsbury’s: Buyers bet that shares have seen the low April 26, 2019 | City Talk By Graeme Evans from interactive investor. Trading within a whisker of a record low, a lot of bad news is already written into the share price. Yesterday’s humiliation of Sainsbury (J) (LSE:SBRY) and its boss Mike Coupe has not stopped investors from piling into the supermarket giant’s shares in the belief the chain can bounce [...]
Advertising giant WPP suffers like-for-like sales decline after ‘significant’ client losses April 26, 2019 WPP sales slipped in the first three months of the year as the advertising giant told investors it is closer to selling market research division Kantar. Read more: WPP boss outlines overhaul of corporate culture Revenue rose almost one per cent year on year to £3.59bn in the first quarter of 2019 but like-for-like revenue [...]
The anti-vax movement is a symptom of our expert malaise April 26, 2019 The anti-vaccination movement is deadly. According to the charity Unicef, more than half a million UK children were not vaccinated against measles, a highly dangerous but preventable disease, between 2010 and 2017 – which is part of a terrifying global trend. When less than 95 per cent of a population are vaccinated, herd immunity is weakened, [...]
RBS profits sink as bank warns future earnings face pressure from Brexit uncertainty April 26, 2019 RBS profits fell in the first three months of 2019, it revealed a day after its chief executive announced his intention to resign. Ross McEwan yesterday announced he would step down after five-and-a-half years at the helm, saying he had achieved his strategy to refocus the bank after its £45.5bn government bailout. However, today the bank warned [...]
Tesla: Nice cars, shame about the bottom line? April 26, 2019 Tesla has just announced its first-quarter financial results, and I’m surprised to see the headline figures aren’t good: a loss of $702 million, and an expectation that the company will bear further losses in Q2 (before, it claims, returning to profit in the third quarter). Reading deeper into the detail, Tesla’s cash reserves plummeted by [...]
Bramson may lose the battle but still win the war in his clash with Barclays’ board April 26, 2019 Arguments about the merits of Barclays’ voyage into investment banking feel almost as old as the industry itself. Next week’s showdown between the lender’s board and Edward Bramson, who wants to muscle his way onto it, might prove to be a mere footnote in that story – or, ultimately, warrant a full chapter. Bramson will [...]
The new Bank of England chief will have plenty to keep them busy April 26, 2019 There was a time when running the Bank of England was a family affair. The inaugural governor Sir John Houblon (1694-1697) was followed a few years later by his younger brother Abraham Houblon, who took charge of the Old Lady from 1703 to 1705. There have been 116 governors since Houblon Jnr, and all of them [...]
Crossrail sets opening date between October 2020 and March 2021 April 25, 2019 Crossrail will open to passengers between October 2020 and March 2021, about two years later than originally planned, its board revealed today. Read more: TfL boss Mike Brown says he will not stand down over Crossrail criticism The central section of Crossrail – which will be known as the Elizabeth line – will open between Paddington and Abbey [...]
Laura Ashley shares hit all-time low as fashion retailer sounds alarm April 25, 2019 Shares in fashion retailer Laura Ashley hit an all-time low today after it issued a warning over its full-year results amid difficult trading conditions. Read more: Laura Ashley issues profit warning as sales slide The struggling brand saw its share price fall over 20 per cent this morning to 2.21p. It has since rebounded somewhat [...]
TfL boss Mike Brown says he will not stand down following calls to quit over Crossrail April 25, 2019 TfL boss Mike Brown has said he will not resign following criticism he "downplayed" the risks to the Crossrail opening date to London mayor Sadiq Khan. Appearing before the London Assembly's transport committee this morning, the TfL commissioner rejected suggestions he should resign. "No, I'm not reflecting on whether I'm fit to be in position," he said. [...]