Next sales beat guidance, but store performance worries investors October 30, 2019 Next sales beat guidance in the retailer’s third quarter with a two per cent rise, it revealed today. However, retail sales dropped 6.3 per cent in the three months to the end of October, saved by a 9.7 per cent increase in online revenue. Read more: Next defies retail gloom with rise in profits Warm [...]
Fiat Chrysler and PSA enter merger talks to form $50bn car maker October 30, 2019 Car manufacturer Fiat Chrysler has confirmed “ongoing discussions” are taking place with Peugeot and Vauxhall owner PSA over a potential merger. The tie-up could create a $50bn (£40bn) company if the automotive behemoths pull it off. Read more: Fiat Chrysler defies global car industry woes to trump analyst forecasts Fiat Chrysler had abandoned an earlier [...]
Pictured: Police identify two men wanted over Essex lorry deaths October 29, 2019 Police have released the names of two men they want to speak to in connection with the discovery of 39 bodies in an Essex lorry last week. Ronan Hughes, 40, and Christopher Hughes, 34, who are brothers from Armagh in Northern Ireland, are wanted on suspicion of manslaughter and human trafficking. Read more: Police make [...]
Lib Dem Heidi Allen to quit as MP at next election over ‘nastiness’ in British politics October 29, 2019 Liberal Democrat MP Heidi Allen has said she will stand down as an MP at the next general election, saying she is “heartbroken” over the harassment she has received in British politics. The ex-Conservative MP and Change UK leader told her South Cambridgeshire constituents that she is “exhausted” by abuse she called “utterly dehumanising”. Read [...]
Labour will back Number 10’s early general election bid October 29, 2019 Labour has said it will back Boris Johnson’s call for a pre-Christmas general election. Party leader Jeremy Corbyn will press his MPs to support the Prime Minister’s bill today that calls for a simple majority to back a snap election on 12 December. “I have consistently said that we are ready for an election and [...]
Weak oil prices and hurricanes push BP to $750m loss October 29, 2019 Lower oil prices and hurricanes knocked BP to a $749m loss in the third quarter, the energy giant revealed today as chief executive Bob Dudley prepared to bow out. Read more: Saudi Aramco insiders say the kingdom has set a date for the IPO The figures BP fell to a $749m loss in the three [...]
Saudi Aramco insiders say the kingdom has set a date for its IPO October 29, 2019 Saudi Aramco is set to begin its long-planned initial public offering (IPO) on 3 November, according to a report. The Saudi Arabian oil giant will start the process of its stock market debut on that date after delaying the deal to give itself time to win over cornerstone investors, Reuters said today, citing three sources. [...]
Mike Ashley calls Goals Soccer Centres’ move to call in SFO ‘too little, too late’ October 29, 2019 Mike Ashley today blasted a reported move by embattled Goals Soccer Centres to enlist the Serious Fraud Office (SFO) to investigate suspected fraud. The Sports Direct owner called the alleged action “far too little, too late”. Read more: Goals Soccer Centres calls in fraud watchdog The billionaire added that it “is a deliberate case of [...]
HSBC profit sinks as bank says performance is ‘not acceptable’ October 28, 2019 HSBC has called parts of its performance “not acceptable” as it revealed an 18 per cent drop in third quarter profit today, fuelled by weak results in its European and US divisions. The figures Profit before tax dropped 18 per cent to $4.8bn (£3.8bn) in the three months to the end of September to fall [...]
Ferrexpo CEO Kostyantin Zhevago temporarily steps down October 28, 2019 The billionaire boss of Ferrexpo has temporarily stepped down as chief executive. The FTSE 250-listed miner said Kostyantin Zhevago would step aside to “focus on resolving certain matters in Ukraine relating to one of the businesses he owned until 2015”. Read more: Ukraine to put Ferrexpo boss on international wanted list Ukraine is considering adding [...]
