Coronavirus: Wine dealers cheers return of confidence in China April 17, 2020 Sales of fine wine and spirits in China recovered quickly in March after a sharp contraction due to the coronavirus epidemic, a rare sign of optimism that confidence could return to the global economy sooner rather than later. Sales through global merchant BI Wine & Spirits were up by 25 per cent in March as [...]
Duke of York to step back from public duties November 20, 2019 Prince Andrew has announced that he will be stepping back from public duties for the “foreseeable future.” In a statement released this afternoon, the Duke said that “it has become clear to me over the last few days that the circumstances relating to my former association with Jeffrey Epstein has become a major disruption to [...]
Northern Ireland ‘is an afterthought’ for Brexit-driven voters November 11, 2019 Four in 10 Brits care “little or not at all” about Northern Ireland, a poll from Yougov has found. The pollsters showed both leavers and remainers prioritise Brexit over keeping Northern Ireland in the union. Almost two thirds of Britons would see Northern Ireland leave the United Kingdom in order for their preferred Brexit outcome [...]
TfL criticised after thousands of passengers faint on busy Tube lines October 26, 2018 Transport for London (TfL) came under criticism today as data reveals that more than 3,500 people have fainted or felt faint on the Tube network since 2016. The highest number of incidents occurred during the morning rush hour between 8am and 9am, with 825 reported incidents. Kings Cross St. Pancras, London’s busiest Tube station, reported the [...]
Bank of America Merrill Lynch finds buyer for $6.5bn fund platform July 8, 2018 Bank of America Merrill Lynch has found a buyer for its $6.5bn (£4.89bn) MLIS Ucits platform. Generali Investments has purchased the platform, according to a source familiar with the matter. The MLIS (Merrill Lynch Investment Solutions) platform was set up by the firm to offer "innovative and added value" strategies for investors, in order to [...]
Ryanair urges cabin crew to come to the table over planned strike July 5, 2018 Ryanair has called on trade union Fórsa to engage with it to avoid air cabin crew joining pilots' proposed industrial action next week. The International Transport Workers' Federation (ITF), which represents crew at 86 of the budget airline's bases, and Fórsa yesterday voted for a day of strike action on Thursday (12 July), unless the [...]
Peer-to-Peer lender Zopa back in the black July 2, 2018 Peer-to-peer lender Zopa is back in the black as the firm's profit after tax for 2017 hit £1.5m. The financial firm, which matches borrowers with people looking to invest, reported a revenue increase of 40 per cent to £46.5m in its annual report for last year. The amount of money paid out by the lender [...]
Elon Musk either ‘deceptive or delusional’, says valuation expert July 2, 2018 Billionaire Elon Musk has been branded ‘deceptive or delusional’ by a respected valuation expert for insisting his electric car company Tesla can hit production targets and turn a profit. The tycoon said 5,000 Model 3 Tesla saloons a week would be produced by the end of June, and that the company would become cash flow [...]
East Coast train line back under government control but hit by rocky start with cancellations and delays June 25, 2018 Rail services on the East Coast Main Line were back under government control yesterday but were hit by delays and cancellations on a difficult first day. The Department for Transport (Dft) took back control of the route connecting King's Cross to stations in the north and Scotland after stripping Virgin and Stagecoach of its loss-making [...]
Dixons Carphone expects profit loss to deepen data breach woes June 17, 2018 Dixons Carphone is bracing itself for plummeting pre-tax profits this week, as it continues to investigate a devastating data breach that compromised customers' personal information. The retailer expects a 23 per cent drop in pre-tax profits to £382m when it announces its preliminary results for 2017-18 on Thursday, citing UK mobile market constraints and tight [...]