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 [...]
Inmarsat shareholders approve $3.4bn private equity takeover deal May 10, 2019 Inmarsat’s shareholders approved a $3.4bn (£2.58bn) private equity takeover today despite 21 per cent of investors attempting to vote down the deal. Read more: Inmarsat profit falls ahead of $3.4bn takeover The takeover of the British satellite operator is the second largest public-to-private deal ever in the UK, bringing an end to talks that began [...]
Thyssenkrupp warns 6,000 jobs could go after regulator scuppers European steel merger May 10, 2019 Thyssenkrupp today admitted defeat in its proposed Tata Steel merger, but sent shares higher as it revealed plans to spin off its elevator business. Read more: Thyssenkrupp shares soar as it abandons plans to split company Shares surged even further on the admission that the EU looks set to block the deal, after rising in [...]
Brexit stockpiling helps UK economy bounce back in first quarter of 2019 May 10, 2019 Experts hailed the UK economy’s “resilience” today as it rebounded in the first quarter of 2019 with growth of 0.5 per cent, according to the Office for National Statistics (ONS). Read more: The City powers the UK economy – it must not fall into Labour's hands That is more than double the low 0.2 per [...]
Thyssenkrupp shares soar as it abandons plans to split company May 10, 2019 Thyssenkrupp’s share price climbed this morning on reports it is set to scrap a move to split itself into two companies, while it also expects its Tata Steel merger to fail. Read more: Thyssenkrupp profits tumble amid economic uncertainty The business is now set to ditch plans to split itself into two separate divisions, according [...]
Fuel and currency costs hit profit at British Airways owner IAG May 10, 2019 Profits shrank at British Airways’ owner in the first three months of the year as fuel costs and other headwinds hit the airline, it revealed today. But shares rose as International Airlines Group (IAG) said full-year profits would replicate 2018’s success, when income rose almost 10 per cent to €3.2bn (£2.76bn). Read more: British Airways [...]
Twitter suspends 166,000 accounts in battle against online terrorism May 9, 2019 Twitter suspended more than 166,000 accounts in the last six months of 2018, it revealed today, as it makes progress on battling terrorism on its platform. Read more: Facebook bans Alex Jones and Milo Yiannopoulos The number of users banned from the social network amounted to a 19 per cent drop from the first half of [...]
Chevron drops out of race to buy Anadarko, with Occidental set to begin takeover talks May 9, 2019 Chevron has admitted defeat in the multi-billion dollar battle to buy oil and gas giant Anadarko, handing victory to rival Occidental. Chevron today said it could not beat Occidental’s $38bn (£29bn) takeover offer, which comprises a 78 per cent cash component. Read more: Occidental updates Anadarko bid to beat Chevron's rival offe Occidental's hostile offer [...]
Arrow Global hits bulls-eye as it starts 2019 with profit rise May 9, 2019 Arrow Global pushed up profits in the first three months of 2019 as total income grew to £86.6m, sending shares ticking up in early trading today. Read more: Arrow Global shares rise on boosted full-year profits The figures The debt purchaser grew core collections 22.7 per cent year on year to £105.5m by the end [...]
