FTSE 100 live: London markets to rise on back of strong Microsoft, Alphabet earnings; All eyes on US PCE inflation
New car sales continue downward slide as consumer confidence remains fragile November 5, 2019 New car registrations fell 6.7 per cent in October, figures released today showed. Private demand plunged 13.2 per cent, while fleet demand remained stable, according to data from the Society of Motor Manufacturers and Traders (SMMT). The SMMT said 10,348 fewer cars were registered than in October last year, which it said reflected a tough [...]
Gambling stocks continue to slide as MPs seek £2 online betting limit November 5, 2019 Gambling stocks fell for a second day this morning, following a report by MPs released yesterday that called for a cut in online casino stakes. The gambling related harm all-party parliamentary group (APPG) yesterday called for stake and deposit limits to be introduced on online gambling products. Read more: Gambling stocks tumble as MPs call [...]
General election poll: Conservatives lead Labour by seven points November 5, 2019 Prime Minister Boris Johnson’s Conservative Party has a seven-percentage point lead over the Labour Party, according to an ICM poll. The poll put the Conservatives on 38 per cent and Labour on 31 per cent. The Liberal Democrats were supported by 15 per cent of those polled, while the Brexit party was backed by nine [...]
Investment bank in talks for £500m Neil Woodford healthcare portfolio November 4, 2019 A consortium led by a boutique life sciences investment bank is in talks to acquire £500m of healthcare assets bought by former star fund manager Neil Woodford. A WG partners-led consortium is the frontrunner to buy the stakes in roughly 15 companies held by Woodford Investment Management, Sky News reported. The potential deal follows Woodford’s [...]
Royal Mail says it will prioritise general election post in event of strike action November 4, 2019 Royal Mail said today it will prioritise general election-related mail in the event of a threatened strike. Communications Workers Union (CWU) members have voted for a pre-Christmas strike, accusing bosses of failing to live up to an agreement reached last year over issues including pay and conditions. Royal Mail wrote to the CWU last Tuesday [...]
Gambling stocks tumble as MPs call for online casino stake limit November 4, 2019 Shares in major gambling firms fell today after a group of MPs issued a report calling for the introduction of £2 stake limits for online casinos. GVC shares fell nine per cent to 816p, William Hill shares dropped seven per cent to 187p, 888 Holdings shares fell nearly five per cent to 171p and Rank [...]
GVC shares fall 10 per cent as new chair appointed November 4, 2019 Gambling group GVC said today it had appointed the chairman of Homeserve to chair its business. Longstanding chairman Lee Feldman, who has been on GVC’s board for 15 years and chaired the company for 11, will step down on 27 February. He will be succeeded by Barry Gibson who has been appointed as a non-executive [...]
Martin Sorrell’s S4 Capital boosts revenue and profit November 4, 2019 Sir Martin Sorrell’s digital agency S4 Capital increased both revenue and profit in the third quarter, it said today. In a trading update for the three months to 30 September it said revenue was up almost 54 per cent to £56.6m and gross profit up 50 per cent to £42.1m. Year-to-date revenue grew over 46 [...]
Woodford trust cuts value of cold fusion firm stake November 4, 2019 Woodford Patient Capital Trust said today that its fund administrator had cut the value of its holding in cold fusion company Industrial Heat. Link Fund Solutions downgraded Woodford’s stake in IH Holdings which the trust said was to reflect a “delay in operational progress”. As a result, the company’s net asset value has been cut [...]
Police in Vietnam arrest eight over Essex lorry deaths November 4, 2019 Police in Vietnam have arrested eight people in connection with the discovery of 39 dead Vietnamese in a lorry in Essex last month, state media said today. UK police charged two men with manslaughter last month over the deaths of the group whose bodies were found in a container on a lorry in Waterglade Industrial [...]