Thomas Cook adverts pulled from Mumsnet May 20, 2015 THOMAS Cook was dealt another blow last night as a leading parents’ website said it would no longer accept adverts from the under-fire travel operator. The firm is embroiled in a scandal after it claimed a payout from a hotel in Corfu where two children died in 2006. “Mumsnet users – understandably – felt that we [...]
Flash trader is denied bail after High Court deems him flight risk May 20, 2015 THE UK trader accused of contributing to the 2010 US “flash crash” lost a High Court bid to modify his £5m bail yesterday, despite revealing his assets had been frozen before bail conditions were set. Navinder Sarao, 36, of Hounslow, has been in custody since 21 April because he has been unable to meet the [...]
The icing on the cake for patisserie backers May 20, 2015 Cakemaker Patisserie Valerie served up a sweet treat for the City when pre-tax profits jumped 45 per cent to £7m, on rising group revenues to £43.7m. The group opened 10 new stores in the six months to 31 March bringing the total to 156. Shares of the Aim-listed firm rose 8.9 per cent to 305p [...]
Marks & Spencer smartens up: Marc Bolland says turnaround plan is finally working as profit rises May 20, 2015 Marks & Spencer chief executive Marc Bolland was cautiously optimistic yesterday that the high street stalwart had turned a corner towards recovery, as the retailer posted its first profit rise in four years. The retailer, which has been battling to revive its clothing arm, reported a 6.1 per cent rise in pre-tax profits to [...]
Economists say rate hike will wait until 2016 May 20, 2015 POLICYMAKERS are widely expected to keep interest rates at record lows until 2016, as details of the last meeting of rate-setters revealed they voted unanimously against a rate hike. The Bank of England’s nine-strong monetary policy committee made the decision to keep rates at 0.5 per cent at the beginning of the month, but the [...]
Burberry shares slump as luxury group cuts full-year forecasts May 20, 2015 SHARES in Burberry slumped five per cent yesterday after the luxury goods giant cuts its full-year profit forecast, hit by foreign exchange movements and a slowdown in Hong Kong. The FTSE 100 company said retail and wholesale profit would be £40m lower than expected in the current financial year. The warning came as Burberry reported [...]
Greece will not pay IMF in June without a deal May 20, 2015 A Greek official has warned the country will go bankrupt on 5 June, when a €300m (£214m) payment to the International Monetary Fund is due, if a deal on extra bailout cash is not wrapped up by then. “Now is the moment that negotiations are coming to a head. Now is the moment of truth, [...]
Record number of tourists flock to London: British Museum, National Portrait Gallery and Southbank Centre draw millions May 20, 2015 A total of £11.8bn was spent in London by tourists last year London attracted a record number of tourists from abroad in 2014, with 17.4m people coming to enjoy its history, culture, food and shopping. The figure marks a 3.5 per cent climb in visitor numbers on 2013, the Office for National Statistics [...]
London’s top 3 attractions in 2014 May 20, 2015 Is London set to become a 24-hour City? Transport for London is considering plans to improve night bus services, adding to plans to introduce 24-hour tube services from September. It could see London earn a reputation as a “city that never sleeps”. The plans could help bolster London’s small collection of 24-hour restaurants, lead to more [...]
Sensible savers shun the fun for pension funds May 20, 2015 HARGREAVES Lansdown yesterday gave the first hint of how pensioners have reacted to newfound pension freedoms introduced last month – by being sensible and investing the cash. The investment company, led by boss Ian Gorham, revealed record results for the first four months of the year, driven by new pensions business. Gorham said early indications [...]
