‘Part-time pensions penalty’ slashes women’s retirement pots July 11, 2019 Women are on average £106,000 worse off in retirement than men, partly because such a high proportion work part-time, according to research. By their 60s, women typically have £51,100 in their pension – just one third of an average man’s £156,500 pot, the Pensions Policy Institute has calculated. Read more: Without action, a crisis over [...]
Pub regulator investigates Heineken pub arm over ‘unreasonable stocking terms’ on landlords July 10, 2019 Britain’s pub regulator is investigating Heineken’s pub arm over whether it coerced landlords to sell the its beer against their will. In a landmark case, Pubs Code Adjudicator (PCA) Paul Newby is looking into the actions of Star Pubs and Bars, which the Dutch company owns. Read more: Pub regulator investigates Heineken pub arm over [...]
Blue on blue: Three key talking points from the Conservative leadership debate July 10, 2019 It’s that time again. The Tory leadership race is reaching its zenith, and the final two candidates last night took part in the first of several televised Conservative leadership debate head-to-heads as Tories choose the next Prime Minister. Read more: Can Boris Johnson turbocharge the UK economy? In a spirited and at times ill-tempered affair, [...]
Strike: Bowling alley operator Ten Entertainment sales grow by nearly a tenth July 10, 2019 Ten Entertainment shares rose three per cent this morning after it reported a 9.6 per cent rise in sales. The FTSE all-share firm benefited from cooler conditions than last year throughout May and June. These helped draw more customers into its bowling centres, it said. Read more: Ten Entertainment to target London in bowling alley [...]
Drying up: Superdry slips to £85m loss as co-founder Dunkerton vows to ‘steady the ship’ July 10, 2019 Superdry shares plummeted in early morning trading after it slumped to a “disappointing” loss as the troubled retailer fights the ongoing stagnation on the high street. The firm, which suffered a boardroom exodus in April after co-founder Julian Dunkerton won an audacious bid to reinstall himself onto the board, saw shares fall six per cent [...]
BMW reveals it will build electric Mini in Oxford in boost for UK’s car industry July 9, 2019 In the summer of 1959, the first Mini rolled off the production line in Oxford and hit Britain’s streets. While initially a response to the Suez crisis fuel shortage, its diminutive size made it a style icon, helped it symbolise the swinging sixties and shook up Britain’s car industry for good. Fast forward 60 years, [...]
Blast off: Richard Branson’s Virgin Galactic plots public listing July 9, 2019 Space may be the final frontier, but Virgin Galactic is readying itself to overcome a fresh obstacle before launching into the great unknown: a stock market listing. Sir Richard Branson’s space-tourism venture is planning to go public as part of a deal with a special-purpose acquisition company (SPAC). Read more: Fifty years on from the [...]
Begbies Traynor revenues pass £60m for first time as insolvencies rise July 9, 2019 Begbies Traynor shares rose three per cent this morning as it announced revenues passed the £60m milestone for the first time last year. The corporate restructuring specialist enjoyed rising pre-tax profit, amid a year in which it made four acquisitions. The firm benefited from an increase in insolvencies across the UK. Read more: UK company [...]
Eddie Stobart first half profits will be ‘at lower end’ of board expectations amid accounting error July 9, 2019 Haulage giant Eddie Stobart expects first half adjusted operating profit to come in at the low end of expectations, it said this morning. Shares fell 1.9 per cent this morning. The forecast follows a slowdown in some sectors and the firm’s decision to exit “a problematic contract” earlier this year. The firm said the shortfall [...]
Police release daredevil climber who scaled London’s 95-storey Shard skyscraper July 8, 2019 A man who was filmed climbing the outside of The Shard early this morning was let go by police later today, after reaching the building’s 95th floor. Police said the daredevil had been taken inside Britain’s tallest building with officers, after they were called at 5.15am to reports of a person scaling the tower. The [...]
