Royal Navy blocks Iran efforts ‘to seize’ British oil tanker July 11, 2019 A Royal Navy ship has thwarted an Iranian attempt to seize a British oil tanker in the Gulf following the arrest of one of Iran’s own boats. Read more: UK issues warning as Iran breaches nuclear agreement HMS Montrose intervened when three Iranian Islamic Revolutionary Guard Corps boats attempted to block the British Heritage on [...]
Sir Kim Darroch quits as UK ambassador to US in wake of leaked Trump emails July 10, 2019 Sir Kim Darroch has resigned from his post as UK ambassador to the US, saying his leaked about President Donald Trump have made it “impossible” to continue in his role. Darroch’s leaked emails sparked a diplomatic row between the UK and US as Trump lashed back at the envoy’s criticisms before Prime Minister Theresa May [...]
John Major vows to seek judicial review to avoid parliament closure July 10, 2019 Former prime minister John Major has threatened to seek a judicial review if Britain’s next leader sought to suspend parliament to proceed with a no-deal Brexit. Read more: Boris can deliver a bold economic vision for UK, says Remainer MP Calling any such suspension “utterly and totally unacceptable”, Major told BBC Radio 4’s Today programme [...]
J D Wetherspoon sales growth slows again July 10, 2019 J D Wetherspoon expects like-for-like sales to rise at a slower rate in its pubs over summer as boss Tim Martin warned investors about a £3m non-cash loss this financial year. Read more: Glass half empty? Wetherspoon shares fall as sales growth slows Like-for-like sales are expected to grow 6.9 per cent for the 10 [...]
Page Group warns of lower profits amid economic uncertainty July 10, 2019 Recruiter Page Group today warned that global economic uncertainty will hurt profits this year, sending shares 10 per cent lower in early trading. Challenging macro-economic conditions will send 2019 operating profit down to £161.1m, with the company previously hoping to hit as high as £168m. Read more: Page Group CEO takes leave of absence after [...]
London Victoria derailment causes commuter chaos July 9, 2019 An engineering train derailed overnight, causing rush hour havoc at London Victoria station as train services were delayed or cancelled. Read more: Revealed: These are London’s most stressful Tube stations Holidaymakers were unable to travel to Gatwick on Victoria’s Gatwick Express service while train operator Southern warned commuters of severe delays and a reduced service. [...]
Recruiter Robert Walters boosts profit despite Brexit hit to UK hires July 9, 2019 Listed recruiter Robert Walters has upped earnings in the second quarter of the year despite taking an eight per cent profit hit from its UK home market. Read more: Robert Walters grows profit in robust first quarter Robert Walters recorded a seven per cent rise in gross profit to £106.4m in the quarter to the [...]
Tube delays: Commuters endure rush hour misery amid Northern Line delays July 9, 2019 Commuters suffered a miserable rush hour commute this morning, with the Northern Line suspended along the Bank branch due to the same problem that caused huge delays yesterday. A signal failure at Kennington meant there was no service running southbound between Camden Town and Kennington on the Bank branch of the Tube line. Read more: [...]
British IT firm Micro Focus ups profit margin but revenue stalls July 9, 2019 Micro Focus saw revenue slip in the first half of its financial year, it said today, although earnings rose 1.8 per cent to $662.3m (£530.6m), boosted by a wider profit margin. The figures Adjusted revenue shrank 5.3 per cent year on year to $1.7bn (£1.3bn) in the six months to the end of April, the [...]
EU clears Virgin’s Flybe takeover after buyer assuages monopoly concerns July 5, 2019 The Virgin-led acquisition of Flybe received the green light from the European Commission today. Read more: Connect Airways appoints new CEO ahead of EU approval Antitrust officials gave the go-ahead despite raising competition concerns regarding certain routes becoming so-called quasi-monopolies. Connect Airways – a consortium of Virgin Atlantic, Stobart Aviation and US private equity firm [...]