B&Q owner Kingfisher’s new CEO blasts ‘disappointing’ like-for-like sales slump November 20, 2019 B&Q owner Kingfisher saw like-for-like sales sink 3.7 per cent over its third quarter, as its new chief executive admitted he has “much to do” to improve the business. Sales sank 3.1 per cent to £2.96bn over the quarter to the end of October, with the UK seeing a one per cent decline in like [...]
Dominic Raab: ‘No-one gives a toss’ about Tory party’s factcheckUK Twitter stunt November 20, 2019 Dominic Raab has said that “no-one gives a toss” that the Conservative Party has been accused of misleading the public by renaming their Twitter account ‘factcheckUK’ during last night’s leaders debate. The Conservatives have faced criticism from fact checkers and Twitter after changing the name of the @CCHQPress account during the ITV debate between Boris [...]
‘Fake mews’: Larry the Cat isn’t retiring from Downing Street any time soon November 19, 2019 Arguably Number 10’s most beloved resident, Larry the Cat, is believed to be staying put despite reports that he could leave in the New Year. Speculation had swirled that Downing Street’s famous feline was set to step out of the limelight and into retirement in 2020, regardless of who holds the title of Prime Minister [...]
Virgin Media website down: Customers complain as provider denies broadband outage November 19, 2019 Virgin Media broadband customers complained after being left without internet today, but the company denied it has suffered a major outage. Virgin Media’s status checker, which allows users to check the level of service in their local area, was inaccessible, with the company saying it was undertaking “essential work on our systems”. Read more: 21 [...]
Easyjet boss bullish about package holiday move, despite tumbling profit and ‘difficult’ aviation market November 19, 2019 Easyjet has unveiled a new-look package holiday business just months after the collapse of Thomas Cook, despite profit plunging more than a quarter over the last year. The budget flyer said the new business, Easyjet Holidays, will launch in the UK just in time for customers to pencil in a Christmas getaway, with bookings open [...]
Homeserve posts higher revenue as it eyes US expansion November 19, 2019 Emergency repairs business Homeserve saw revenue jump 13 per cent in its latest half-year results. That led it to hike its interim dividend as it announced a $140m deal for a controlling stake in US firm eLocal, as it boosts its presence across the pond. Read more: Shareholders rebel at Homeserve over ex-director payouts The [...]
Lloyds shareholders lose £385m HBOS High Court case November 15, 2019 Lloyds shareholders today lost a £385m High Court case against the bank’s acquisition of HBOS at the height of the financial crisis. England’s highest court rejected a claim from a group of 5,803 investors that they were “mugged” when the bank recommended the 2009 deal without revealing the state of HBOS’ finances. Read more: First [...]
21 UK stocks in danger from a Labour election win November 15, 2019 The Labour party today announced it will nationalise parts of BT if it wins power in December’s General Election. The party would nationalise the telecoms giant’s Openreach fibre rollout arm in a bid to create a UK-wide network owned by the government. Read more: BT chief executive warns Labour’s part-nationalisation would cost £100bn Shadow chancellor [...]
BT CEO warns Labour’s part-nationalisation plan could cost £100bn November 15, 2019 BT’s chief executive Philip Jansen has warned that Labour’s plan to renationalise parts of the telecoms giant could cost more than £100bn. Labour will reveal its election pledge to part-nationalise BT later today, with the policy announcement sending BT’s share price down as much as three per cent in early trading. “These are very, very [...]
Carpetright accepts cut-price £15m rescue deal from Meditor November 15, 2019 Carpetright has accepted a cut-price £15.2m bid from its largest shareholder amid fears it cannot pay off its debt pile. Shares in the company soared more than 14 per cent this morning after its directors unanimously recommended the 5p per share offer from Meditor, a 30 per cent shareholder. Read more: Major shareholder swallows £41m [...]
