Amazon leads £450m Deliveroo funding round as startup expands London tech team May 17, 2019 Deliveroo today confirmed Amazon is leading a $575m (£450m) funding round in the food delivery business as it plans to expand its London engineering team with some of the cash. Read more: Amazon in talks to invest millions in Deliveroo The round, including money from existing investors T Rowe Price, Fidelity Management and Greenoaks, takes [...]
The Restaurant Group sees sales rocket 57 per cent after Wagamama merger May 17, 2019 Frankie & Benny’s owner The Restaurant Group began to feel the benefits of its controversial Wagamama purchase as sales soared 57 per cent in the year to May. Read more: The Restaurant Group profits fall as like-for-like sales slip Like-for-like sales rose 2.8 per cent, meaning the acquisition of Wagamama for £559m at the end [...]
Boris Johnson confirms he will stand in Tory leadership election May 16, 2019 Boris Johnson today confirmed he will stand in a Tory leadership election to replace Theresa May. Read more: Labour hand May a Brexit deal lifeline by refusing to vote down her plan The former foreign secretary told an insurance conference: “Of course I’m going to go for it.” https://twitter.com/huwbbc/status/1129004670184304642 Speaking at the British Insurance Brokers' Association [...]
Tube delays: Commuters face Tube misery as severe delays hit two lines May 16, 2019 Commuters were left to suffer a torrid journey to work this morning with two key Tube and transport lines suffering severe delays and one part suspended. The Bakerloo Line was running with severe delays after a signal failure at Queen’s Park this morning. At 11am it was still running minor delays. Read more: Commuter chaos: Severe [...]
Thomas Cook share price crashes as it suffers ‘grim’ £1.45bn loss and issues fresh profit warning May 16, 2019 Thomas Cook shares plunged today as it issued a fresh profit warning and revealed a stunning £1.45bn loss in the six months to the end of March, after booking a £1.1bn goodwill impairment relating to a merger from over a decade ago. Read more: Thomas Cook shares leap following Lufthansa bid for airline business The [...]
Logistics firm Wincanton raises profits despite fall in revenue May 16, 2019 Small cap logistics firm Wincanton boosted profits in its latest financial year despite slipping revenues, sending shares up 1.6 per cent to 260p in early trading. Read more: Wincanton cashes in on Brexit uncertainty The figures Profit before tax increased 6.3 per cent year on year to £49.3m in the 12 months to the end [...]
Brexit party will win most EU election votes as Tories languish under May, finds poll May 15, 2019 The Brexit party is on course to win the lion’s share of votes in the upcoming EU elections as the Tories continue to shed support among the public. Read more: MPs in eurosceptic ERG 'will vote against' May's Brexit deal in June Nigel Farage’s politicians topped the public vote with a 27 per cent share [...]
Why your CEO got fired: Ethical lapses cost bosses their jobs in 2018 May 15, 2019 The turnover rate of CEOs soared to 17.5 per cent last year as ethical lapses became the biggest factor behind sacking bosses. Read more: Revealed: The CEOs who oversaw tech's 10 biggest share price rises While the 20 per cent rate of “forced turnovers” among departures at the top remained the same in PwC’s 2018 [...]
FTSE 100-listed Compass results point north as revenue and profits rise May 15, 2019 Food services business Compass bolstered its top and bottom lines in the first half of its financial year as one analyst dubbed the company’s reliable growth as “brilliantly boring”. Read more: Compass shares near all-time high after strong revenue growth The figures Operating profit rose almost seven per cent to £913m year on year for [...]
Off-road: Aston Martin swings to loss but revenue beats expectations May 15, 2019 Aston Martin fell to a £3.2m loss in the first quarter of 2019 even as the luxury car manufacturer boosted production and sales. Read more: Aston Martin falls to loss as it sets aside £30m for Brexit The figures Aston Martin Lagonda took a hit in the three months to the end of March as [...]