B&Q owner Kingfisher sales tick upwards ahead of CEO’s departure May 15, 2019 B&Q owner Kingfisher saw sales edge higher in its latest quarter thanks to warmer weather and a weaker corresponding period last year. Read more: B&Q owner Kingfisher plans foreign market exit as French sales drag UK and Ireland sales rose 5.4 per cent in the three months to the end of April compared to the same [...]
Union bosses suspend three-day Tube strike over FA Cup Final weekend May 14, 2019 Union bosses have called off a major Tube strike that was set to cause havoc during the FA Cup final this weekend. Read more: Commuter chaos: Severe delays strike four Tube lines The Rail, maritime and transport (RMT) union claimed victory today as it cancelled the London Underground strike, saying transport chiefs had caved in [...]
Shattered: Pottery maker Portmeirion Group shares plunge 25 per cent after profit warning May 14, 2019 Shares in pottery maker Portmeirion Group collapsed this morning after the firm issued a profit warning. Read more: Renishaw shares dive after second profit warning Shares fell more than 25 per cent to 910p as the country garden-themed pottery company told investors that sales were down 10 per cent for the first four months of [...]
UK wages rise again as employment rate stays at record high says Office for National Statistics May 14, 2019 UK wages rose 3.2 per cent in the year to March, slightly down from a 3.5 per cent rise in the month before, data showed today as the unemployment rate hit an almost 45-year low. Read more: UK inflation rate holds steady sending Britons' real wages higher Average weekly earnings climbed 1.3 per cent year [...]
Underground misery strikes commuters as severe delays hit four Tube lines May 14, 2019 Severe delays hit four Tube lines this morning as signal failures brought commuters’ journeys into London grinding to a near standstill. Read more: Multiple Tube lines struck with severe delays Disruption plagued the Circle and Hammersmith & City lines after a signal failure at Farringdon this morning, with Transport for London (TfL) advising passengers that [...]
Bluewater owner Land Securities sees losses almost triple amid retail closures May 14, 2019 Land Securities, the owner of Kent’s Bluewater shopping centre, saw losses almost triple in its latest financial year as it blamed a “challenging year” full of retail closures, but still managed to bump up its dividend. Read more: JP Morgan downgrades shopping centre landlord Intu The figures The retail property giant saw losses before tax [...]
Whatsapp hack: Tech giant urges 1.5bn users to update app after spyware discovery May 14, 2019 A huge flaw in Whatsapp enabled hackers to spy on some of its 1.5bn users’ devices, the tech giant has confirmed. Read more: Facebook taps London talent for its global Whatsapp payments drive The Facebook-owned company yesterday urged its 1.5bn users to update their apps to download a patch it released last Friday for the [...]
Tesla CEO Elon Musk faces trial over British diver ‘pedo’ tweet May 13, 2019 Elon Musk is set to face trial after calling a diver who helped rescue the Thai schoolboys trapped in a cave a ‘pedo’ in a tweet. Vern Unsworth is suing Tesla founder Musk after the billionaire called him a “pedo guy” on Twitter. Read more: Why Elon Musk now owes $507m to banks The Brit [...]
Tube delays: Commuters suffer severe delays on key London Underground lines May 13, 2019 Commuters were set to face a painful journey to work this morning as a signal failure and police investigation led to disruption across multiple Tube lines. Read more: DEBATE: Should industrial action on the Tube be banned? Severe delays struck the Bakerloo Line after a signal failure at Warwick Avenue, with Transport for London (TfL) [...]
Go fish: Angling Direct denies investors a dividend as it doubles down on expansion plans May 13, 2019 Angling Direct boosted sales by 40 per cent in its latest financial year but denied investors a dividend as it doubled down on expansion plans both online and on the UK high street. Read more: Angling Direct shares rise as it reels in record sales The figures Group sales rose 39 per cent to £42m [...]