Propping up the bar: Wetherspoons toasts no-deal Brexit by slashing the price of a pint September 6, 2019 Punters in the City looking for a cheap drink this afternoon are in luck, as pub chain Wetherspoons has slashed the price of a pint in a bid by chairman Tim Martin to prove a no-deal Brexit would be sustainable for pubs and retailers. Read more: Glass half empty? Wetherspoon shares fall as sales slow [...]
Housebuilder Berkeley Group defies Brexit jitters with ‘robust’ London performance September 6, 2019 Housebuilder Berkeley Group has enjoyed a period of “robust” market conditions in London and the south east of England, despite a weak sector backdrop driven by Brexit uncertainty. The London-listed firm said forward sales remained above £1.8bn and set a pre-tax profit target of £3.3bn for the next six years. Profit should be between £500m [...]
Former Zimbabwean President Robert Mugabe dies aged 95 September 6, 2019 Former Zimbabwean President Robert Mugabe, who ruled the African nation for nearly four decades, has died aged 95. President Emmerson Mnangagwa announced his predecessor had passed away in a short statement released via Twitter this morning. Read more: Africa deserves more optimism and attention from City investors He said Mugabe was “an icon of liberation, [...]
Boeing 737 Max: Europe ‘will not accept’ FAA’s safety decision on grounded jet September 5, 2019 Europe’s aviation safety regulator will insist on running its own tests on Boeing’s troubled 737 Max before allowing it to fly again, rather than accepting the verdict of its US counterpart. Read more: Boeing admits sensor malfunctioned on both fatal 737 Max crashes Such a decision from the European Aviation Safety Agency’s (Easa) could dash [...]
Second shareholder adviser backs Cobham £4bn private equity takeover September 5, 2019 Another influential shareholder adviser Glass Lewis has recommended Cobham shareholders back the company’s £4bn takeover by Advent International, after Institutional Shareholder Services (ISS) said the same two days ago. Glass Lewis is the second-most prominent advisory service in the world behind ISS, and has told shareholders to choose the “‘bird in the hand’, in this [...]
Electric car sales charge ahead with record monthly demand September 5, 2019 More electric cars were sold in Britain last month than ever before, as zero-emission car sales rose fivefold amid an otherwise subdued automotive market. Zero emission car sales came to 3,147 vehicles in August compared to just 659 this time last year, as the release of several new models over the summer boosted demand, including [...]
Ex-Labour MP Luciana Berger joins Liberal Democrats September 5, 2019 Former Change UK MP Luciana Berger has joined the Liberal Democrats. The former Labour MP who moved to the newly-former party this year said she would now serve under Lib Dem leader Jo Swinson as the party is “the strongest party to stop Brexit, fight for equality and a fairer country”. Read more: Boris Johnson’s [...]
Melrose shares get a boost despite GKN job cuts and car industry warning September 5, 2019 Takeover specialist Melrose Industries this morning predicted the downturn in the global automotive industry will persist until at least the end of the year, but enjoyed a jump in shares as it allayed investor concerns about the effect the industry’s struggles were having on its own business. Melrose’s market value rose five per cent this [...]
US-China trade war: Return of talks pushes up Asian markets September 5, 2019 Asian stocks rallied overnight after the US and China announced that trade talks were back on the table, as investors hoped for a thawing of tensions between the two superpowers. China’s Shanghai Composite index rose 1.1 per cent, while Japan’s Nikkei rose 2.1 per cent and its Topix index rose 1.8 per cent. Hong Kong’s [...]
Nissan boss admits overpayment as boardroom scandal roars back into life September 5, 2019 Nissan’s long-running scandal over executive pay has received a new lease of life after chief executive Hiroto Saikawa admitted he was overpaid in violation of internal company rules via a scheme designed by disgraced former boss Carlos Ghosn. An internal investigation is said to have found Saikawa and several other executives had received more pay [...]
