Tullow Oil promises dividend as it records first profit in five years February 13, 2019 Tullow Oil reported its first net profit in five years today, as its West Africa business boosted both its top and bottom lines in 2018. The figures Revenue climbed seven per cent year on year to $1.85bn (£1.4bn) for last year Tullow revealed today, as it recorded post-tax profit of $85m – up from a $175m [...]
Victoria line trains to Brixton suspended as severe delays plague Tube lines February 13, 2019 Commuters were facing rush hour hell this morning after a key Tube line was part suspended and three were hit by severe delays Read more: King's Cross signal failure hits key Tube lines with severe delays The Victoria line was not running to Brixton this morning after engineers were called to fix a signal failure [...]
Dunelm grows profits but remains ‘cautious’ as Brexit-related risks approach February 13, 2019 Profit and revenue climbed at Dunelm in the first six months of its financial year, the home furnishing retailer revealed today, but also warned its outlook is “cautious” in the face of Brexit uncertainty. The figures Profit before tax grew 14 per cent year on year to £70m while like-for-like revenue rose 6.9 per cent to [...]
Breaking down barriers: Politics and business are crying out for ambitious women’s brilliant ideas February 12, 2019 Politics used to be a man’s game: in the early 20th century, parliament was a club to which women were not invited. Laws were made by men, for men. Gladly, things have changed beyond recognition. We now have our second female Prime Minister, while 2017 saw a record number of female MPs elected. Read more: [...]
May sets deadline for EU negotiations over Brexit backstop changes February 12, 2019 Theresa May today told MPs that they would get another vote on the next steps in the Brexit process later this month if she fails to secure changes from the EU. Parliament will get to vote on the path forward on 27 February – a month before the UK’s scheduled departure from the bloc – if [...]
Plus500 shares plunge 30 per cent as broker warns of 2019 earnings hit February 12, 2019 Plus500's share price collapsed in early trading despite almost doubling profits in 2018, as it issued a major profit warning for the current year. The online broker's stock fell by as much as 36 per cent in early trading, from 1,635p at yesterday's close to 1,053p this morning, as it warned that stricter regulations will [...]
Euronext improves offer for Oslo Bors exchange as it tries to beat out Nasdaq February 11, 2019 Pan-European stock market operator Euronext raised its offer for Norwegian counterpart Oslo Bors today, as it doubles down in a bidding war against rival Nasdaq. Boosting its per-share takeover offer from 145 Norwegian kroner to 158 Norwegian kroner (1,295p to 1,411p per share), Euronext has given Oslo Bors until 11 March to make a decision. [...]
Heathrow passenger numbers take off in strong start to 2019 February 11, 2019 Heathrow Airport started 2019 as it meant to go on by boosting passenger numbers two per cent year on year to 5.9m, it revealed today, despite posting a stark drop in demand for local flights. Read more: Sadiq Khan: TfL working with airports to plan for no-deal Brexit The 2.1 per cent rise helped Heathrow [...]
Fintech startup Revolut’s controversial Valentine’s Day advert faces financial watchdog scrutiny February 8, 2019 A fintech startup under fire for a Valentine’s Day ad that has been accused of mocking single people is now facing a potential probe from the UK’s financial watchdog. Revolut’s Tube advert led to complaints online after the ad addressed people who had apparently ordered a takeaway for one last Valentine’s Day. Read more: It's about time: [...]
Flybe’s ultimatum to shareholders over controversial Virgin bid sends shares crashing February 8, 2019 Flybe’s low-flying shares lost up to a quarter of their value this morning after the struggling airline’s board warned investors it would wind up the company if they do not approve an unpopular takeover. Shares trimmed their losses to stand 18 per cent down at 2.59p as investors reacted to the ultimatum delivered after the [...]
