Tesco doubles dividend as profits surge 30 per cent after turnaround success April 10, 2019 Tesco boosted profits by almost 30 per cent in 2018 as it beat expectations, leading the supermarket to almost double its dividend as its chief executive revealed the supermarket has met the “vast majority” of its turnaround goals since its 2014 accounting scandal. The figures Pre-tax profits rose 28.8 per cent year on year to [...]
10 reasons to sell a share April 10, 2019 | City Talk It’s generally accepted that it is more difficult to sell a share than to buy one. After all, the buying part ties you in to a share of a company. You have identified a share you like, done your research, consider that the current valuation is fair and that the company’s prospects are strong, so [...]
EU set to decide on UK Brexit delay as Tory MP threatens legal challenge over lengthy extension April 10, 2019 The EU is set to decide whether to accept the UK’s Brexit extension proposal today, as French president Emmanuel Macron was warned not to humiliate Theresa May. Read more: Voters would punish Tories for Brexit delay at MEP elections EU leaders are expected to reject the Prime Minister’s proposal for an extension until 30 June [...]
Warner Bros files copyright complaint against Trump’s Dark Knight Rises re-election tweet April 10, 2019 Warner Brothers is taking legal action against US President Donald Trump after he posted a video on Twitter that used music from The Dark Knight Rises. Read more: Mueller report to be released 'within a week' Trump yesterday posted the two-minute promotional video, seemingly as part of his 2020 re-election campaign, accompanied by the caption “MAKE [...]
Jeremy Corbyn and Alexandria Ocasio-Cortez love Modern Monetary Theory, but it is just the magic money tree again April 10, 2019 As the Brexit process unfolds, the possibility of a Corbyn government has become much more tangible. Last month, John McDonnell, the shadow chancellor, wrote to the Treasury to say that in power he would require them to “widen the range of economic theories and approaches in which its officials and those in the rest of [...]
Mike Ashley’s Sports Direct considers legal action against Debenhams after lenders take control April 10, 2019 Sports Direct is considering legal action against Debenhams after the retailer collapsed into administration, wiping out shareholders. Retail tycoon Mike Ashley branded the pre-pack administration a “national scandal” yesterday after he failed to gain control of the department store chain. Read more: Ashley lashes out as Debenhams enters administration Sports Direct’s deputy chief financial officer [...]
Poll: Voters would punish Tories for Brexit delay at European parliamentary elections April 10, 2019 The Tories would be hit hard in European parliamentary elections if they are held in the UK as part of another delay to Brexit, according to a poll released today. Read more: British voters want a rule-breaking leader to reform Westminster Voters would punish the Conservatives for failing to pull the UK out of the [...]
Mike Ashley could use a lesson in subtlety after Debenhams April 10, 2019 Britain's leading retail maverick Mike Ashley is known for using intemperate language – but in his reaction to the collapse of long-term target Debenhams yesterday, he excelled himself. Ashley issued a statement in which he savaged politicians and regulators for being “as effective as a chocolate teapot”, and called for advisers on the deal to [...]
Facebook and the tech giants are welcoming government regulation – that’s a panic signal for all of us April 9, 2019 Last year, I met someone who had previously worked for a big tech firm in its “free speech” unit. What had happened to make him come and slum it among us mortals in the (badly paid) policy world? Answer: the unit had been shut down. It’s in this context that you should see the milquetoast [...]
Transport heads raise concerns over Sadiq Khan’s plans for TfL takeover of Network Rail April 9, 2019 Leading Assembly members have raised concerns over Sadiq Khan’s headline-grabbing plan for Transport for London (TfL) to take over key routes and stations from Network Rail in London. Last month the London mayor said responsibility and funding for key rail assets such as tracks and stations should be transferred to the transport body to plug [...]