Laura Ashley warns on full-year performance amid market turbulence February 20, 2019 Laura Ashley has warned its full-year performance will fall short of market expectations after posting a drop in sales for its interim results. The homeware chain, which is owned by Malaysian United Industries, suffered a 4.2 per cent decline in like-for-like retail sales for the 26 weeks to the end of December. Read more: Laura [...]
Labour plunged deeper into chaos as another MP quits Corbyn’s ‘Stalinist’ party February 19, 2019 The Labour party has been plunged further into chaos after an eighth MP quit to join a new independent group, attacking leader Jeremy Corbyn for presiding over a culture of antisemitism. Joan Ryan, who has served in the Labour party for 25 years, said she was “appalled, horrified and angered” by Corbyn’s failure to address anti-Jewish [...]
US airline Mesa leads last-minute Flybe rescue offer in blow to Virgin February 19, 2019 Arizona-based airline Mesa has tabled a £65m rescue deal for struggling airline Flybe in a dramatic move that could derail a takeover bid led by Virgin Atlantic. City A.M. understands Mesa is leading a consortium of investors that offered an injection of new equity at a Flybe board meeting today in a bid to save [...]
Jihadi bride Shamima Begum stripped of British citizenship February 19, 2019 The London schoolgirl who was located in Syria after running away to join the so-called Islamic State is to have her citizenship revoked, her family have said. Shamima Begum, who left her home in Bethnal Green at the age of 15 to join IS fighters, has begged to return to the UK after being found [...]
Qualcomm launches new 5G smartphone chip ahead of network rollout February 19, 2019 Tech giant Qualcomm today unveiled its second generation of chips that allow smartphones to connect to 5G in a bid to fasttrack the rollout of the new network. The US chipmaker said the so-called modem chip is designed to support the global 5G rollout and can also work on 4G networks, allowing greater flexibility for [...]
Cyber attack threat poses biggest risk to UK businesses adopting 5G February 19, 2019 Cyber threats pose the biggest risk to UK businesses adopting 5G, new research has revealed. Around 40 per cent of businesses see the risk of cyber attacks as the most concerning aspect of the new high-speed mobile network, according to a survey by EY. Read more: The stakes are high in the global 5G race [...]
Asda sales growth falters amid competition probe into Sainsbury’s merger February 19, 2019 Asda today reported a slowdown in sales growth in the fourth quarter as it waits for the green light over its planned merger with Sainsbury’s. The supermarket chain, which is owned by US grocery giant Walmart, posted a one per cent rise in like-for-like sales excluding petrol in the three months to the end of [...]
Bauer Media names BBC boss Richard Dawkins as new head of European radio February 18, 2019 Media giant Bauer has named BBC executive Richard Dawkins as its new European radio boss, the company said today. Bauer, which owns radio stations such as Absolute and Kiss, said Dawkins will join the firm in late spring in the newly-created role of European radio chief operating officer. Read more: British commercial radio revenue breaks [...]
EU president Juncker says Trump ‘gave his word’ not to impose car tariffs February 18, 2019 European Commission president Jean-Claude Juncker has said he is confident US President Donald Trump will not impose higher tariffs on European car imports. “Trump gave me his word that there won't be any car tariffs for the time being. I believe him,” Juncker told local media, according to his spokesperson. Read more: EU vehicles pose [...]
German prosecutors probe Financial Times journalist over Wirecard reporting February 18, 2019 Prosecutors in Munch have launched an investigation into a Financial Times (FT) journalist whose reporting of alleged fraud at Wirecard sparked a frenzy of short selling of the firm’s shares. The FT published a series of stories revealing alleged fraud at Wirecard’s Singapore office and an investigation by local police, causing shares in the fintech company to [...]
