CMC Markets profit slumps 30 per cent in first half of the year on lack of trading activity November 23, 2016 Profits dropped almost 30 per cent in the first half at online trading group CMC Markets, the group revealed today, due to a lack of client trading activity. The figures Profit before tax dropped 29 per cent to £18.8m from £26.5m, while net operating income was down four per cent to £75.5m from £78.9m. Earnings per [...]
Thomas Cook takes £10m profit hit after rocky year of trading due to terror attacks and political instability November 23, 2016 Thomas Cook's revenue and profit in the 12 months to 30 September was dented by a difficult year's trading which included a number of terror attacks in popular tourist destinations, and post-Brexit vote currency volatility. The figures The travel group's revenue dropped to £7.81bn from £7.83bn. Profit from operations was down to £205m from £211m, and [...]
Morrisons is bringing back the Safeway brand for a wholesale range and opening ten new convenience stores November 22, 2016 Morrisons is bringing back the Safeway brand, the supermarket announced today, as well as launching a new convenience store offering. The Safeway brand is to be revived as a range for wholesale to independent retailers – Morrisons said the re-introduction of the brand will enable it to "leverage its sourcing and unique food maker skills to [...]
De La Rue revenue stays flat but profit and earnings drop in first half of 2016 November 22, 2016 Banknote maker De La Rue kept revenue flat in the six months to 24 September this year, although pre-tax profit and earnings fell, and it's optimistic about the effect weaker sterling would have on the business in future. The figures Revenue was flat year-on-year at around £189m. Underlying pre-tax profit was up three per cent [...]
Southern rail strike starts today November 22, 2016 London commuters are braced for travel chaos today as Southern rail workers embark on their latest round of strike action. Today's strike will run over tomorrow as well, and is expected to "significantly affect service". Intended RMT strike action is expected to significantly affect service Tuesday 22 & Wednesday 23 Nov. Full details https://t.co/VHxJ2ixXI5 — [...]
Peppa Pig owner Entertainment One reports 19 per cent increase in revenue but profit dives in first half November 22, 2016 Entertainment One has reported declining profits for the six months to 30 September, despite revenue climbing almost 20 per cent. The figures Group revenues were up 19 per cent to £401m from £337m this time last year. Adjusted profit before tax dropped 40 per cent from £40m to £24m, while reported pre-tax profit was down [...]
Goldman Sachs European boss Michael Sherwood is leaving the firm November 21, 2016 Goldman Sachs International's vice-chairman and co-chief executive Michael Sherwood is leaving the bank at the end of this year, the company revealed today. Sherwood – known as Woody – has decided to retire, the group said, after a 30-year career with the company. During his time at Goldman, Sherwood became one of the UK's best paid [...]
Train delays on services to Gatwick Airport continuing this afternoon November 21, 2016 Travellers making their way to Gatwick Airport may be having difficulty with timing, due to a series of unfortunate events that have led to delays on the line. National Rail said a number of incidents which occurred this morning had led to congestion, including faults on a number of trains this morning, the emergency communication alarm being activated on a [...]
Flip-flopgate: Has Havaianas just pulled off the best Black Friday marketing ploy? November 21, 2016 It's happening again. Everyone remembers The Dress – was it blue and black? Was it white and gold? (It was definitely white and gold.) Now it's flip-flops. Debate is raging online over the colour of these sandals: What colour are these flip-flops? Some think they're white and gold. Others think they're black and blue. Sounds familiar, doesn't [...]
Ofcom outlines rules for its mobile 4G spectrum auction November 21, 2016 Communications watchdog Ofcom has ruled that BT/EE will not be allowed to participate in one of its upcoming auctions for mobile broadband airwaves. The regulator has set out its rules for next year's auction of 190 MHz of spectrum in the 2.3 GHz and 3.4 GHz bands – representing more than three-quarters of the 4G [...]
