Wincanton pursues possible merger with Eddie Stobart October 18, 2019 Wincanton is considering a move for British logistics giant Eddie Stobart, the rival confirmed today. While it is yet to table an offer, Wincanton said it is “undertaking a diligence exercise on Eddie Stobart and its assets” to assess the merits of a tie-up. Read more: Ousted Stobart Group boss ‘preparing bid for Eddie Stobart’ [...]
Tube delays: Jubilee Line disrupted for second day after Extinction Rebellion protest October 18, 2019 Jubilee Line commuters faced a second day of Tube misery in a row as transport bosses warned the service was part suspended with severe delays. Passengers were left without any service between Finchley Road and Waterloo in rush hour due to “the temporary unavailability of trains”. Severe delays plagued the rest of the line. Read [...]
London Stock Exchange third quarter income climbs as CFO set to retire October 18, 2019 London Stock Exchange today posted robust gains in its third quarter for its first set of results since rejecting a hostile £32bn takeover bid from Hong Kong. Total income climbed 12 per cent year on year to £587m in the three months to the end of September. Read more: Why Hong Kong’s bid for the [...]
Avast boosts cyber security sales to $218m October 18, 2019 Avast posted growing sales in its third quarter despite shedding off its managed workplace and business divisions, it reported today. The cyber security outfit said revenue rose nine per cent year on year for the three months to the end of September to $218.3m (£170m). Meanwhile adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) [...]
Moneysupermarket share price sinks as it warns of money segment weakness October 17, 2019 Moneysupermarket’s share price dropped 10 per cent today as product availability problems hampered one of its core businesses. The comparison website’s money division shrank five per cent to £20.6m for the three months to the end of September, the comparison site said in a trading update. Read more: How to avoid the grey suit mentality [...]
Three down: Customers demand refunds as mobile network outage wipes out data and minutes October 17, 2019 Thousands of customers took to Twitter to complain after Three failed to acknowledge a mobile network outage that wiped out data and calls after occurring last night. People were unable to receive 4G data or mobile phone signal to make calls across the UK, but Three was tight-lipped on the root cause of the problem. [...]
Pound sinks as DUP says it ‘cannot support’ Boris Johnson’s Brexit deal October 17, 2019 The DUP said today that “as things stand” it cannot support Boris Johnson’s proposed Brexit deal, sending the pound tumbling against the dollar. The Northern Irish party said: “We will continue to work with the government to try and get a sensible deal that works for Northern Ireland and protects the economic and constitutional intergrity [...]
Housing market ‘in limbo’ as London house prices drop 1.4 per cent October 16, 2019 London house prices booked a steep 1.4 per cent annual drop in August as UK house prices grew at a lower level than last year, according to the latest data. While UK house prices posted annual growth of 1.3 per cent to beat that of 0.8 per cent in July, growth dipped below last year’s [...]
Extinction Rebellion protesters flout ban to march on Trafalgar Square October 16, 2019 Extinction Rebellion protesters are set to march to Trafalgar Square today despite a ban on any demonstrations inside London. The Metropolitan Police had initially ordered protesters to confine action to the London landmark but late on Monday night evicted protesters camped there and banned XR protests from the capital. Read more: Extinction Rebellion protesters target [...]
Boris Johnson races against the clock to secure Brexit deal October 16, 2019 EU and UK negotiators have entered the last day of Brexit negotiations hoping to secure a deal before a key summit tomorrow. Prime Minister Boris Johnson is due to update the cabinet of the state of talks after they continued overnight. Read more: Negotiators burn the midnight oil as crunch EU summit looms Sterling surged [...]