WPP shares drop 16 per cent after third quarter sales slump October 25, 2018 Shares in the world's largest advertising group WPP have slumped 15 per cent after cutting its sales outlook for the year. WPP's third quarter net sales fell 1.5 per cent in the third quarter having climbed 0.7 per cent in the previous three months in the aftermath of the departure of chief executive Sir Martin Sorrell. [...]
Pound sinks to six-week low as Theresa May prepares to meet 1922 Committee October 24, 2018 The pound has fallen to a six-week low as Theresa May prepares to meet rebellious Conservative MPs amid fears of a no confidence vote. Sterling fell 0.6 per cent on Wednesday hitting $1.2902 – the lowest level since the beginning of September. The Prime Minister will face down critics from her own party when she [...]
Stobart boardroom battle spills over into the courtroom October 24, 2018 A bitter boardroom battle between Stobart and former chief executive Andrew Tinkler spilled over into the courtroom yesterday. The Southend Airport owner claims Tinkler led a conspiracy against the company in an unsuccessful attempt to topple chairman Iain Ferguson in July. Tinkler had supported The Edinburgh Woollen Mill owner Philip Day for the role but he [...]
Metro Bank profits treble as UK’s newest high street bank continues strong growth October 24, 2018 Metro Bank profits have trebled as the UK's first new high street bank in 150 years continues its strong growth. The bank, launched in 2010, reported underlying pre-tax profit of £39.2m for the nine months to 30 September, a 197 per cent increase on the same period in 2017. But the bank said competition in [...]
Barclays prepares for hard Brexit as Irish expansion gathers pace October 24, 2018 The chief executive of Barclays said the bank is fully prepared for a hard Brexit as its Irish expansion plans gather pace. Jes Staley said it would be business as usual for customers after Britain leaves the EU on March 29. The bank will use its Irish subsidiary as a central European hub to guard [...]
Turkey’s Erdogan accuses Saudi agents of killing missing journalist October 23, 2018 Turkish president Recep Tayyip Erdogan today accused Saudi Arabian agents of the “premeditated” killing of journalist Jamal Khashoggi. Khashoggi was last seen alive entering the Saudi Arabian consulate in Istanbul on 2 October. Read more: Softbank operations boss to pull out of Saudi investment conference Several groups of Saudi intelligence officers had arrived in the [...]
Online trader Plus500 boosts expectations despite revenue hit and regulatory crackdown October 23, 2018 Online trader Plus500 has increased its traders and expectations for the year despite a regulatory clampdown and low market volatility affecting revenue. The trading platform reported that revenue in the three months to 30 September dropped 14 per cent on the previous year to $100m due to new European Securities and Markets Authority (ESMA) regulation [...]
US Treasury secretary Steven Mnuchin withdraws from Saudi conference over missing journalist October 18, 2018 The US has joined the UK, France and the Netherlands in withdrawing from a high profile Saudi investor conference amid the disappearance and alleged murder of journalist Jamal Khashoggi. US Treasury secretary Steven Mnuchin said that following a meeting with Donald Trump and secretary of state Mike Pompeo, he would not be attending the Future [...]
International trade secretary Liam Fox withdraws from Saudi investor conference over missing journalist October 18, 2018 International trade secretary Liam Fox has withdrawn from next week's high profile Saudi investor conference over the disappearance and alleged murder of journalist Jamal Khashoggi. Fox, who was due to the speak at the Future Investment Initiative, will no longer be travelling to Riyadh – a government spokesperson said the "timing was not right" and the [...]
Missing journalist’s final column published as Turkish investigators ramp up Saudi ‘murder’ inquiry October 18, 2018 The final column of missing journalist Jamal Khashoggi has been published by The Washington Post as Turkish police bag up evidence in their investigation into his alleged murder. His final journalistic work, entitled 'What the Arab world needs most is free expression', was submitted to the newspaper by Khashoggi's assistant the day after he was [...]
