Aston Martin swings to £13.5m loss as it blames ‘soft’ UK demand November 7, 2019 Aston Martin sank to a loss in its third quarter as demand for its luxury cars dried up, it revealed today, but shares still rose 10 per cent as it looked ahead to sales-boosting new models. The figures James Bond’s favourite car maker found little love from other buyers as it swung to a loss [...]
Sainsbury’s half-year profit plunges 92 per cent November 7, 2019 Sainsbury’s has suffered a 92 per cent drop in half-year profit, as costs from store closures took a toll on the grocer’s balance sheet. Read more: Sainsbury’s former boss wants government to halve business rates and raise VAT The figures Statutory pre-tax profit fell from £107m last year to just £9m in the three months [...]
CMA flags competition concerns on First Group’s West Coast Rail franchise November 7, 2019 The UK’s competition watchdog has sounded the alarm on 21 routes awarded under the new West Coast Rail franchise. The Competition and Markets Authority (CMA) has concerns on routes between Preston and Scotland after the government awarded the rail franchise to a joint venture between First Group and Trenitalia. Read more: Watchdog casts eye over [...]
Tory chairman James Cleverly defends ‘fake news’ clip of Labour’s Brexit strategy November 6, 2019 Tory chairman James Cleverly has denied that a clip of Labour’s shadow Brexit secretary was edited to suggest the party has “no plan” for leaving the EU. James Cleverly defended the use of the clip of Sir Keir Starmer’s appearance on Good Morning Britain, saying it was not “doctored”. Read more: Most Brits are left [...]
Vision Fund’s Wework splurge drags Softbank to $6.4bn loss November 6, 2019 Softbank’s Vision Fund’s soured bets on tech prospects like Uber and Wework saw the fund lose $8.9bn and drag its parent company to its first quarterly loss in 14 years today. Softbank’s high profile splurge on Wework saw the company fall to a $6.4bn quarterly loss in results revealed today. Read more: Wework hits the [...]
Marks & Spencer profit knocked lower by poor clothing sales November 6, 2019 Weak clothing and home sales knocked profit 17 per cent lower at Marks & Spencer in its latest half-year, it revealed today. But the high street chain’s share price led the FTSE risers, climbing up 5.3 per cent to 192.05p, as investors felt it could have been a lot worse as boss Steve Rowe said [...]
Rape victim calls on Alun Cairns to quit cabinet amid Ross England row November 6, 2019 A rape victim has urged cabinet minister Alun Cairns to quit after his former aide “sabotaged” her trial. Welsh secretary Alun Cairns’ former aide, Ross England, made claims about the victim’s sexual history – that she denied – that led to the trial’s collapse in April 2018. Read more: Why London could hold the key [...]
RMT union announces 27 days of South Western Railway strikes in December November 5, 2019 Train staff on a major London rail network are preparing to down tools for 27 days throughout December, amid a long-running dispute that threatens to wreck commuters’ Christmas holidays. The Rail and Maritime Transport (RMT) union accused rail operator South Western Railway (SWR) of failing to give assurances that train guards will be kept on under a [...]
Philip Hammond to step down as MP at December election November 5, 2019 Philip Hammond will quit politics at the upcoming general election rather than run against his party, the former Treasury boss confirmed today. Hammond, who has railed against Boris Johnson’s Brexit strategy from the backbenches since leaving his post as chancellor, said he has made the decision with “great sadness”. Read more: These are all the [...]
General election 2019: Most Brits are confused by Labour’s Brexit stance November 5, 2019 Two-thirds of British voters are confused about Labour’s Brexit policy, according to polling data released today in the run up to the December general election. Jeremy Corbyn’s Labour party has ruled out a no-deal Brexit and committed to “get[ting] Brexit sorted within six months”. But the strategy is not working for voters, a Yougov survey [...]
