Musk comes good on profit pledge as Tesla rolls into the black October 24, 2018 Elon Musk delivered Wall Street his long-promised pledge of putting Tesla in the black late this evening, with shares soaring more than 12 per cent after the bell as the company produced its largest quarterly profit ever. In one of the most highly anticipated reports of the third-quarter, electric car company trumped expectations after it [...]
Theresa May does little to reassure her Brexit critics at crunch backbenchers meeting October 24, 2018 Theresa May faced down her fractious party this evening but offered no new reassurances to the many critics of her beleaguered Brexit policy. The Prime Minister spoke to a meeting of backbench Conservative MPs – known as the 1922 committee – for just under an hour in a bid to win support for her negotiating stance with the [...]
Jes Staley seeks to brush off Bramson challenge but Barclays still faces the headwinds October 24, 2018 Barclays CEO Jes Staley struck a bullish tone yesterday, insisting his investment banking division was on the up. Third quarter profits jumped to £1.5bn, up from £1.1bn a year ago. If this puts a spring in Staley's step, there are plenty of items in his in-tray to pull him back down to earth – not [...]
Khashoggi killing: Saudi Crown Prince Mohammed bin Salman says attack was a ‘heinous crime that cannot be justified’ October 24, 2018 Saudi Crown Prince Mohammed bin Salman has described the murder of journalist Jamal Khashoggi as a "heinous crime that cannot be justified". In a panel discussion revolving around the Kingdom’s vision for the future of the Arab world, the Saudi Crown said this afternoon: “Saudi Arabia will go and implement all necessary rules and investigate [...]
Deliveroo to update app with allergen information in wake of Pret crisis October 24, 2018 Food delivery startup Deliveroo has today said it is revamping its app with a new menu system which will allow restaurants to upload allergen information for every dish. London favourites such as Tortilla, Mildred's and Chipotle have signed up for the app's trial roll out in December, which will feature 30 brands that serve almost 300 sites. [...]
No-deal Brexit would hit house prices – but not as hard as the financial crisis, says Moody’s October 24, 2018 UK house prices could tumble in the event of a no-deal Brexit, but would not fall as far they did during the financial crisis a decade ago, rating agency Moody’s said. There would be “outright declines in house prices nationally” if Britain crashes out of the European Union without a deal next March, analysts said. [...]
Apple chief Tim Cook calls for GDPR-style privacy in the US October 24, 2018 Apple chief executive Tim Cook praised EU privacy laws in a rare speech in Brussels today, and demanded that the US follow its lead. Appearing at an international data protection conference, Cook said it was "time for the rest of the world" to get up to speed on data privacy with the EU's General Data Protection [...]
What can we expect from a pre-Brexit Annual Budget? October 24, 2018 | City Talk The Budget is the biggest date in the UK’s financial calendar where the Chancellor, Philip Hammond, will deliver the government’s plans for tax and spending for the 2019/2020 financial year, starting in April next year. The Budget is a little unconventional this year as it usually falls on a Wednesday, but all you trick-or-treaters will [...]
This Budget, I’m dreaming of a tax system fit for the future October 24, 2018 The announcement that the Autumn Budget would take place in October – almost a month earlier than we’ve become accustomed to – surprised a fair few people. It probably shouldn’t have. Philip Hammond understandably wants his finance bill passed safely through the Commons without it getting caught in the crosshairs of ongoing Brexit negotiations and the [...]
Ranked: Sports Direct tops poll of UK’s most loathed brands October 23, 2018 House of Fraser owner Sports Direct is the UK’s most loathed brand, according to consumer finance website Money Saving Expert. However, billionaire Mike Ashley's bottom-placed retail giant may have been hurt by a social media campaign against the company, admitted the website, which asked 7,600 readers to rank 52 household name brands. Read more: Mike [...]