National Grid ends lengthy dispute with US unions January 8, 2019 National Grid has struck a deal with unions to end a longrunning dispute at its US business. Shares in the FTSE 100 energy giant rose one per cent this morning after the company announced its agreement with Massachusetts Gas unions over employment terms and conditions. It said the agreement is for a five-and-a-half-year contract covering [...]
Debenhams share price slips ahead of market update this week January 7, 2019 Shares in troubled department store Debenhams slipped three per cent today ahead of a trading update on Thursday when it will reveal how it fared over Christmas. The retailer, which has its annual general meeting on Thursday, has seen its share price tank this year, falling from 30p 12 months ago to just 5.5p today. There was [...]
Asset managers to move away from equities in 2019 amid fears of economic downturn January 7, 2019 Funds are set to cut their exposure to equities in 2019 as worries grow about a downturn in the economic cycle, a new survey showed. Over half of clients surveyed by asset manager Blackrock described the economic cycle turning as one of the most important macro risks influencing where they put their money in 2019. [...]
Soldiers seize radio station in oil-rich Gabon in coup attempt January 7, 2019 Soldiers have launched a coup in oil-rich West African state Gabon in attempt to oust the country’s ailing President Ali Bongo. Army officers seized the national radio station this morning and read a short statement proclaiming a "National Restoration Council". Looks like the military in #Gabon is overthrowing the government. pic.twitter.com/zuQ2yDSnxZ — Middle East Observer [...]
Japanese billionaire businessman takes crown for most retweeted tweet January 7, 2019 A Japanese fashion billionaire has taken the crown for the most retweeted tweet of all time after receiving 4.5m retweets for a message he posted on the micro-blogging site on 5 January. Yusaku Maezawa, who founded Japanese online clothing retailer Zozo, also received 1.1m likes for his tweet and 293,000 comments. ZOZOTOWN新春セールが史上最速で取扱高100億円を先ほど突破！！日頃の感謝を込め、僕個人から100名様に100万円【総額1億円のお年玉】を現金でプレゼントします。応募方法は、僕をフォローいただいた上、このツイートをRTするだけ。受付は1/7まで。当選者には僕から直接DMします！ #月に行くならお年玉 pic.twitter.com/cKQfPPbOI3 — [...]
Manufacturers worry post-Brexit border delays could hit their businesses January 7, 2019 More than three quarters of British manufacturers say border delays post-Brexit would be a risk to their business, according to a survey released today. The survey by insurer AIG and manufacturing association EEF showed 76 per cent thought delays at the border posed a risk to their business. “While companies are naturally optimistic by their [...]
Government sets date for Brexit vote as MPs urge May to avoid no-deal departure January 7, 2019 The government is set to hold the delayed parliamentary vote on Prime Minister Theresa May’s Brexit deal on 15 January, it is reported. The original vote was scheduled for 11 December, but was delayed as parliamentary arithmetic made it clear that May’s deal faced a heavy defeat. Now, the BBC reports that the vote is scheduled to [...]
Vogue publisher Conde Nast’s accounts reveal £13m loss January 3, 2019 Magazine publisher Conde Nast made a £13m loss in the UK in 2017, its recently published accounts reveal. The Vogue publisher's accounts for the year to 31 December 2017, which were made available on Companies House this week, showed a £13.6m loss, compared to a £4.3m profit the year before. In its accounts the publisher said [...]
Oil price volatility driven by supply curbs and worries about economic contraction January 3, 2019 Oil prices were changeable today as evidence that production had dropped was counterbalanced by fears of an econonomic contraction that could hit demand. A survey from Reuters showed oil supply had its largest month-on-month drop since January 2017 in December. The 15 countries that make up the Organisation of the Petroleum Exporting Countries (Opec) pumped [...]
Ex-Virgin Money boss among two women replacing men on Bank of England’s financial policy committee January 3, 2019 Former boss of Virgin Money Dame Jayne-Anne Gadhia has been added to the Bank of England’s financial policy committee alongside the chair of the Banking Standards Board Dame Colette Bowe, chancellor Philip Hammond announced today. The pair will replace Richard Sharp and Martin Taylor, who are stepping down at the end of the first quarter [...]
