London election results: Who won where in the capital? December 13, 2019 Boris Johnson has led the Conservative party to a thumping majority in the General Election, stealing scores of seats in traditional Labour heartlands. But if Jeremy Corbyn was hoping to offset these losses in London, he was left disappointed – as there was little change in the capital’s 73 constituencies. Overall, London remained predominantly red, [...]
BT shares jump as it dodges Labour nationalisation December 13, 2019 Shares in BT jumped in early trading this morning as Boris Johnson’s thumping election victory staved off fears of nationalisation under Jeremy Corbyn’s Labour party. BT shares spiked as much as 10 per cent to 206.8p before easing back down to an eight per cent rise as investors breathed a deep sigh of relief. Read [...]
Chuka Umunna loses race for City of London seat December 13, 2019 Chuka Umunna has failed in his bid for the City of London seat after losing to the Tories, marking a further blow on a bad night for the Liberal Democrats. The former Labour MP, who defected to the Lib Dems after a brief stint with Change UK, came second in the race for the Cities [...]
General Election 2019: How to watch the results on live TV December 12, 2019 The UK has been plunged into a political broadcast blackout today, with channels forced to put their election coverage on hold as Brits go to the polls. But when voting closes at 10pm, the BBC, ITV, Channel 4 and Sky will all fire up their cameras to provide rolling coverage until the UK’s next Prime [...]
London media firm bags $100m for new film and TV projects December 12, 2019 The media firm behind hit shows such as Line of Duty today said it has secured $100m (£76m) of funding to help fund film and TV projects, while it will also look to build a new UK studio space. Great Point Media (GPM) has already committed $80m of its own funds to the investment, and [...]
Superdry boss takes swipe at Black Friday as he launches brand revamp December 12, 2019 Superdry boss Julian Dunkerton today blasted the “madness” of blanket Black Friday discounting, vowing to reduce his company’s reliance on the sales bonanza next year. Dunkerton, who founded the struggling fashion chain in 2003, took a swipe at his rivals’ practice of slashing prices on their core ranges. Read more: Superdry swings to a £4.2m [...]
WPP kicks off £300m share buyback December 12, 2019 WPP today said it has entered into an agreement with Goldman Sachs to buy back up to £300m in shares, following its $4bn sale of market research firm Kantar. Shares are up just over two per cent on the news. The advertising giant said the share buyback programme will begin today and continue until 18 [...]
Takeaway extends Just Eat takeover offer as it secures a slice of the vote December 12, 2019 Takeaway.com today said it has secured support for its Just Eat takeover offer from a chunk of shareholders, as it flexed its muscles amid a frantic bidding war with Prosus. The Dutch food delivery firm has tabled an all-share offer worth roughly £4.3bn, which has been recommended by the Just Eat board. Read more: Just [...]
Saudi Aramco hits $2 trillion valuation as shares open higher December 12, 2019 Saudi Aramco shares opened 10 per cent higher in the second session of trading today, sending the state-owned oil company’s value above $2 trillion (£1.5 trillion). The shares rose as high as 38.7 Saudi riyals before easing to just over 38 riyals – a rise of more than eight per cent. Read more: Saudi Aramco [...]
M&C Saatchi shares tumble after boardroom bloodbath December 11, 2019 Shares in M&C Saatchi tumbled almost six per cent today as investors reacted to a boardroom bloodbath that sent shockwaves through adland. Lord Maurice Saatchi, who founded the advertising behemoth, last night announced that he was stepping down as executive director. Read more: Lord Saatchi steps down from M&C Saatchi Fellow Conservative grandee Lord Dobbs, [...]
