Amazon share price slips after first profit drop in two years October 25, 2019 Investors have punished Amazon for a sharp fall in profits, targeting its shares as US markets opened this afternoon. Amazon’s share price fell 2.4 per cent to $1738.2 on the Nasdaq after billionaire Jeff Bezos’ company’s profits fell for the first time in two years yesterday. Read more: Amazon posts first profit drop for two [...]
Essex lorry deaths: Police make two new arrests as Vietnamese woman feared to be among victims October 25, 2019 Police have arrested two more people in connection with the deaths of 39 people found in a lorry container at an industrial park in Essex, it emerged today. A 38-year-old man and a 38-year-old woman from Warrington were arrested in Cheshire. Both have been detained on suspicion to traffic people and on suspicion of 39 [...]
Brussels postpones Brexit delay decision October 25, 2019 The EU has pushed back the deadline to make a decision on how long a Brexit delay it will offer the UK. But EU leaders have agreed in principle to grant the UK a Brexit extension, the European Commission said today. Read more: The FTSE 100 is trading flat amid Brexit caution The EU’s chief [...]
WPP leads FTSE 100 risers with surprise return to growth October 25, 2019 WPP led the FTSE 100 risers today as its shares climbed after it posted a surprise return to growth in the third quarter. WPP’s share price rose above six per cent to 971.2p after revealing revenue climbed 5.2 per cent to £3.29bn. Read more: Sainsbury’s heir to the throne quits to join WPP Like-for-like sales [...]
‘Series of failures’ caused Boeing’s 737 Max Lion Air crash October 25, 2019 A series of failures is to blame for the fatal crash of a Lion Air Boeing 737 Max jet last October, in a tragedy that killed 189 people, according to a official report. Indonesia’s National Transportation Safety Committee said mistakes by Boeing, Lion Air and pilots led to the plane crash. Read more: Design flaws [...]
PR giants embroiled in war of words after Tulchan appoints Ruth Davidson October 24, 2019 City spinners have become embroiled in a row over PR giant Tulchan’s appointment of former Scottish Tory leader Ruth Davidson as a special adviser. Tulchan Communications hired Davidson as a senior adviser two months after she stepped down as Scottish Tory leader. She will keep her role as a member of the Scottish parliament until [...]
Mario Draghi’s ECB reign ends with Eurozone ‘close to stagnation’ October 24, 2019 The Eurozone economy stayed “close to stagnation” in October as European Central Bank (ECB) president Mario Draghi prepares to step down. Read more: Two highs and two lows of ‘Super’ Mario Draghi’s reign at the ECB The recession in the euro area’s manufacturing sector continued with another steep decline in output. Meanwhile, the crucial services [...]
FTSE 100 and European stocks climb higher amid Brexit limbo October 24, 2019 The FTSE 100 pushed upwards on today’s open, after European stocks rallied while the Brexit process got stuck in limbo. London’s main market climbed 0.58 per cent to 7,303 points today after a weak pound boosted the blue-chip index’s exporters yesterday. Read more: Brexit latest: Liberal Democrats reveal second referendum plan Boris Johnson’s cabinet is [...]
Downing Street denies cabinet split over general election timing October 24, 2019 Downing Street today rejected reports of divisions within Boris Johnson’s Cabinet over when the government should try to call a general election, as it considers the next steps to deliver Brexit. The Prime Minister is thought to favour a general election if the EU suggests a Brexit delay until 31 January 2020. Read more: Moody’s: [...]
Sports Direct ends two-month wait for new auditor, appointing RSM October 23, 2019 Sports Direct has appointed an auditor two months after Grant Thornton quit as billionaire Mike Ashley’s company’s accountant. Read more: Sports Direct launches ‘skulduggery’ screed against Goals Soccer Centres RSM will now take up the post. The auditor had most recently stepped in to look after Patisserie Valerie’s accounts after the bakery chain became embroiled [...]
