High street sales suffer wash out June July 5, 2019 High street retailers suffered a wash out month for sales in June in a further blow for the struggling sector. Brexit uncertainty continued to have a “crippling” effect on retailers three years on from the referendum, accountancy firm BDO said, as it revealed that like-for-like in store sales fell by 0.8 per cent last month. [...]
The Wolf of Wall Street producer arrested in Malaysia corruption scandal July 4, 2019 The Hollywood producer of The Wolf of Wall Street has been arrested after his firm was linked to a multi-billion dollar corruption scandal. Riza Aziz was a co-founder of Hollywood production firm Red Granite Pictures, which was behind the Oscar-nominated film starring Leonardo DiCaprio. Read more: US to return £200m to Malaysia as part of [...]
Thames Water execs pocket £800k bonus as 650 jobs at risk July 4, 2019 Top Thames Water executives are set to pocket nearly £800,000 in bonuses this year as the utilities firm prepares to cut 650 jobs. Thames Water yesterday announced that 350 employees could be made redundant and a further 300 roles may be phased out through an employment freeze and the termination of contractor roles. Read more: [...]
Ex-Deutsche Bank exec acquitted in Euribor trial July 4, 2019 A former Deutsche Bank executive has been acquitted of helping to rig the Euribor benchmark interest rate during the financial crisis. Andreas Hauschild, a former managing director at the bank, was found not guilty on one count of conspiracy to defraud by a jury at Southwark Crown Court today. Read more: Ex-Barclay’s trader Philippe Moryoussef [...]
Richard Branson shares images of Virgin Voyages cruise liner July 4, 2019 Billionaire Richard Branson revealed images and details of his Virgin Voyages cruise line today, which will feature on-board gyms, 20 restaurants and cafes, and a record store. Branson said he had been “dreaming” of starting a cruise business since the beginning of his career. Read more: Sir Richard Branson looking for additional investment in Virgin [...]
TfL gives Indian ride-hailing app Ola the green light July 4, 2019 Transport for London has given Indian ride-hailing app Ola the green light to launch in the city. Ola said it has received a private hire vehicle licence and planning to launch around September. Read more: French ride-hailing app Kapten puts Uber in its sights “We are looking forward to building world-class mobility offerings for London [...]
Logistics sector optimism hits record lows over Brexit fears July 4, 2019 Optimism in the logistics sector has plummeted to record lows as the industry battles Brexit fears. According to the Logistics Confidence Index compiled by Barclays and BDO, the industry has reported net pessimism for the first time since records began in 2012. Read more: Amazon to create 2000 UK jobs in post-Brexit vote of confidence [...]
Asda and Just Eat launch express grocery delivery service July 3, 2019 Asda is partnering with Just Eat to launch a grocery delivery service that will enable customers to order products to their door in just half an hour. The grocers is also planning to roll out a pizza delivery service to 50 stores by the end of the year following a successful trial in 2018. Read [...]
Tesla shares rally as firm makes record number of deliveries July 3, 2019 Tesla shares rallied today after the tech company announced it delivered a record number of electric cars in the second quarter. Elon Musk’s firm delivered 95,200 cars in the period, sending shares up 6.4 per cent to $238.92, the highest price in almost two months. Read more: Tesla boss Elon Musk rebrands on Twitter as [...]
Neil Woodford cuts staff numbers as fund suspension continues July 3, 2019 Embattled fund manager Neil Woodford is set to slash staff numbers at his firm’s headquarters following the suspension of his flagship fund. The redundancies are expected to affect a small number of staff at Woodford Investment Management’s Oxford office. Read more: Woodford sells shrimp shares on the stock floor The firm employed around 45 members [...]
