Waterloo station disruption: Commuters warned travel chaos will hit Friday rush hour March 22, 2019 Travel chaos at Waterloo this morning is set to drag on into this evening’s rush hour, causing more misery for commuters, National Rail has now warned. Tens of thousands of London workers were hit by travel disruption coming into Waterloo train station this morning after overrunning engineering works forced rail operators to halt all lines. [...]
Euro drops as Eurozone manufacturing activity hits six-year low March 22, 2019 The Eurozone’s economy lost momentum again in March as Germany and France's manufacturing sectors struggled to overcome global headwinds, according to a closely-followed indicator. Read more: Wages up across Europe despite gloomy economic climate Manufacturers across the economic area suffered their steepest downturn in seven years this month, the IHS Markit Eurozone composite purchasing managers’ index [...]
Debenhams share price crashes as it asks shareholders to risk equity on £200m loan March 22, 2019 Debenhams’ shares tanked this morning as it asked investors to sign off a £200m funding lifeline that could lead to shareholders’ equity being wiped out. Read more: Debenhams on the verge of sealing £200m funding from lenders The £200m funding would prevent the embattled department store chain from falling into the hands of billionaire Mike [...]
Uber ‘picks New York Stock Exchange’ for IPO over FAANG favourite Nasdaq March 22, 2019 Uber is reportedly set to list on the New York Stock Exchange as it gears up for what is expected to be one of the biggest stock market debuts of 2019. Read more: High Court strikes down black cab appeal against Uber's London licence The ride-hailing app’s initial public offering (IPO) is due in April, [...]
German chancellor Angela Merkel says Brexit delay possible if MPs support May’s deal March 21, 2019 German chancellor Angela Merkel said today that the EU could green light a short delay to Brexit, but only if MPs back the Prime Minister’s withdrawal agreement in a vote next week. Read more: Donald Tusk: Brexit delay only if MPs pass May's deal However, a third successive rejection to Theresa May’s Brexit deal might [...]
Renishaw share price drops as it issues profit warning March 21, 2019 Renishaw saw shares plummet this morning as it issued a profit warning, blaming weak demand in Asia. Read more: Meggitt spends £5m on Brexit stockpiling The FTSE 250 precision engineer now expects profit before tax to land in the range of £123m to £141m, a bracket lower than the £146m to £166m it predicted back [...]
Next sees ‘no evidence’ for Brexit hurting sales despite profit dip as it warns of ‘challenging’ 2019 March 21, 2019 Profits slipped at Next last year, the high street stalwart said today as it warned the outlook for the high street will remain “challenging” in 2019. However, it said Brexit is not a factor, with boss Lord Simon Wolfson saying there is “no evidence that this uncertainty is affecting consumer behaviour”. Read more: Next shares [...]
Apple reveals UK pricing for new Airpods ahead of TV streaming service launch March 20, 2019 Apple has updated its wireless Airpods headphones before a likely launch of its very own streaming service. Read more: Netflix will not partner with Apple’s streaming service The tech giant’s new set of Airpods will boast a better battery life, Apple’s new, more powerful chip, as well as the option of a wireless charging case. [...]
Lion Air Boeing 737 Max plane pilots ‘scoured handbook’ in bid to prevent fatal crash March 20, 2019 Pilots of the doomed Boeing 737 Max 8 Lion Air flight scoured a manual to try to understand why the jet was lurching before its fatal crash last October, it is reported. Read more: Investigation into Boeing Ethiopia crash black box data begins The jet hit the Java Sea before pilots could work out what [...]
Google hit with €1.5bn EU penalty for ‘killing competition’ with Adsense advertising practices March 20, 2019 Google has been hit with a €1.49bn (£1.28bn) fine for abusing its dominant online advertising market position. Read more: Google Doodle celebrates 30th anniversary of the World Wide Web The European Commission accused the tech giant of preventing rivals from gaining a foothold in the market it loomed over with its Adsense software, thereby denying [...]
