Extinction Rebellion threatens to gatecrash London Fashion Week in latest climate change protest August 7, 2019 Extinction Rebellion have threatened to disrupt London Fashion Week, saying the annual star-studded event is a huge risk to the environment. Activists warned they “must take matters into our own hands” if the British Fashion Council does not cancel the show. Read more: Police ban Extinction Rebellion’s boats from London protests The climate change protest [...]
Heavy metal: FTSE 100 miner Glencore earnings crash as copper prices sink August 7, 2019 Glencore earnings dived 32 per cent to $5.6bn in the first half of 2019, the miner confirmed this morning, as it blamed poor performance in its African mines and lower prices for copper and cobalt. The figures Glencore’s earnings before interest, tax, depreciation and amortisation (Ebitda) slumped 32 per cent year on year to $5.6bn. [...]
Legal & General boosts profit and revenue in first half of 2019 August 7, 2019 Legal & General boosted profit and revenue in the first half of 2019, as it said the UK represents an “enormous opportunity” for its growing pensions market. The figures The insurer saw profit before tax rise 12 per cent year on year to hit £1bn in the six months to June. Earnings per share grew in [...]
Crossrail shares pictures of progress at key Elizabeth Line stations August 6, 2019 Crossrail has infamously fallen far off track from its original opening date of December 2018, with the £17.6bn Elizabeth Line now not set to open until sometime in 2021. But bosses eager to assuage angry commuters have shared pictures showing the state of progress at key stations along the London route. Read more: MPs blast [...]
Downing Street: EU must ‘change stance’ to avoid no-deal Brexit August 6, 2019 The government has urged the EU to “change its stance” on negotiations after the bloc reportedly accused the UK of pursuing a no-deal Brexit. Downing Street rubbished the claim after the bloc said there was no new basis for “meaningful discussions” over a deal. Read more: Why free ports could turn Brexit to our economic [...]
Domino’s CEO to quit as international arm takes huge slice out of profits August 6, 2019 The chief executive of Domino’s is set to step down, the pizza chain said today as it revealed that profits plunged in the first half of 2019. David Wild has informed the board that he will “retire from his role”, with the retailer kicking off a search for his successor. The figures The pizzeria blamed [...]
No need for tears: Boohoo confirms offer for Karen Millen and Coast online brands August 6, 2019 Boohoo today confirmed it has made an offer for the online arms of Karen Millen and Coast fashion retailers. The digital fashion giant did not say whether the potential acquisition includes any plans for the firms’ bricks-and-mortar stores. Read more: 1,000 jobs at risk as Boohoo set to acquire struggling Karen Millen Up to 1,000 [...]
Teenager charged with attempted murder after child thrown from Tate Modern gallery August 6, 2019 A teenager has been charged with attempted murder after a child was thrown from the 10th floor viewing platform of the Tate Modern gallery on the weekend. The 17-year-old male, who cannot be named for legal reasons, was charged after a six-year-old boy sustained serious injuries in the “truly shocking” incident on Sunday. Read more: [...]
Goodbye, John Flint: Why has HSBC axed its CEO? August 5, 2019 HSBC’s results this morning were overshadowed by the bank’s decision to sack CEO John Flint after just 18 months at the helm. Just a few hours later, HSBC confirmed it is looking to cut 5,000 jobs at the bank as it chases savings. Read more: HSBC to cut nearly 5,000 in huge savings drive Flint [...]
Ocado and M&S share prices drop as they complete £750m online delivery deal August 5, 2019 Investors battered Ocado and Marks & Spencer’s shares this morning as the supermarkets finalised details of a £1.25bn partnership. M&S’s share price fell 4.5 per cent while Ocado’s share price dropped as much as 4.4 per cent as M&S completed the £750m purchase of a 50 per cent stake in Ocado’s online delivery platform. Read [...]
