Eurozone PMI: Economy stagnates as German services sector plummets November 22, 2019 The Eurozone economy remained close to stagnation in November as activity sank to a two-month low. The bloc’s economy barely registered growth, hitting a measure of 50.3 on IHS Markit’s closely followed Flash Eurozone Purchasing Managers; Index (PMI). Read more: Pound slips as UK private sector suffers worst fall since 2016Read more: How the pound [...]
Shazam’s ex-CEO Andrew Fisher joins Rightmove as chairman November 22, 2019 The old boss of music recognition app Shazam has been appointed Rightmove’s new chairman. Andrew Fisher will replace Scott Forbes when he retires from the board at the end of December after 14 years at the helm. Read more: UK house prices won’t catch sluggish inflation rate until 2021 Fisher, who was behind Shazam’s international [...]
Tesla CEO Elon Musk unveils his Cybertruck, but it’s already the butt of jokes November 22, 2019 Tesla has lifted the curtain on its “Cybertruck” pickup vehicle, but Elon Musk was left red-faced when the truck’s windows were smashed during a demo meant to prove their toughness. The billionaire could be heard swearing on stage before telling his audience there was “room for improvement”. Read more: Brexit has cost Britain a Gigafactory, [...]
Prince Andrew cancels Middle East trip for Pitch@Palace November 22, 2019 Prince Andrew has been forced to cancel a trip to Bahrain as the fallout over his friendship with billionaire paedophile Jeffrey Epstein deepends, it is reported. The Duke of York was set to travel to the Middle East this weekend to push his Pitch@Palace tech startup initiative. Read more: Bosch cuts ties with Pitch@Palace after [...]
British Airways passengers face huge delays into Gatwick and Heathrow after ‘technical issue’ November 21, 2019 British Airways warned customers that it is working hard to fix a “technical issue” this morning, as flight cancellations and delays hit thousands of people. The airline said a small number of flights arriving at Gatwick and Heathrow airports are affected and that it is offering passengers “alternative arrangements”. Read more: British Airways owner IAG [...]
Entrepreneurs back Pitch@Palace as pressure grows on Prince Andrew November 21, 2019 Entrepreneurs have expressed their support for Prince Andrew’s Pitch@Palace startup initiative even as the Duke was urged to give evidence to US authorities. A lawyer representing some of billionaire paedophile Jeffrey Epstein’s victims has pushed for the Duke of York to speak with US investigators, following last night’s announcement that the prince will retreat from [...]
UK tech startups net a record £9bn to keep European crown November 21, 2019 Investors have ploughed a record £9bn into British tech startups in 2019, according to figures that place the UK’s tech investment scene head and shoulders above the rest of Europe. Tech companies have so far countred $11.1bn (£8.6bn) in venture capital this year, according to a report from VC firm Atomico today, a 48 per [...]
Johnson Matthey eyes stronger second half as costs hurt profit and debt rises November 21, 2019 Chemicals and metals giant Johnson Matthey boosted revenue by a huge 37 per cent today despite recording a drop in profit for its latest half-year results. The figures Revenue rocketed 37 per cent to £6.82bn in the six months to the end of September, but profit before tax slipped eight per cent year on year [...]
UBS warns of more Sage downgrades as cloud spend hurts annual profit November 20, 2019 More downgrades will weigh on Sage’s share price, investors were warned today, as the British software company revealed that its transition to cloud has knocked its annual profit. Read more: Meet the UK’s 70 fastest growing tech startups The figures Sage’s share price fell 4.6 per cent to 708p in early trading as it admitted [...]
Fashion logistics firm Clipper’s shares soar as it confirms takeover bid November 20, 2019 Fashion delivery player Clipper saw its shares soar in early trading after confirming a takeover approach from a private equity giant. Steve Parkin, who founded Clipper in 1992 before taking it public in 2014, is reportedly plotting a £300m offer for the firm alongside US private equity giant Sun Capital Partners. Read more: Clipper founder [...]
