UK budget deficit grows as Hammond approaches exit June 21, 2019 Britain’s deficit widened more than expected last month as government spending rose. Public borrowing rose by £1bn to £5.1bn last month compared to May 2018, which remains the lowest May month of borrowing since 2002. Read more: City MP faces calls to resign after grabbing protester by neck Meanwhile the deficit has reached £11.9bn for [...]
Trump ‘cancels military strike on Iran’ at the last minute June 21, 2019 President Donald Trump had given the go-ahead for a wave of retaliatory strikes against Iran yesterday before opting to cancel the attack, according to reports. Read more: Iran made ‘a very big mistake’, tweets Trump Trump had planned strikes against a “handful” of targets, according to the New York Times, but cancelled the operation in [...]
Trainline IPO: Ticket app shares surge in £1.7bn debut June 21, 2019 Trainline’s shares soared on their first day of trading today after the tech giant made its £1.7bn stock market debut. Read more: Trainline chases £1.5bn IPO The train travel booking app priced its shares at 350p each in its initial public offering (IPO) today, to value the firm at £1.68bn. And Trainline’s share price jumped [...]
Iran made ‘very big mistake’ on drone attack: Trump sends oil prices soaring June 20, 2019 President Donald Trump has tweeted that Iran made “a very big mistake” in downing a US drone flying in international airspace, extending oil prices’ gains. The MQ-4C Triton drone was shot down over the Strait of Hormuz, south of Iran, according to Reuters. Read more: Oil prices surge after Iran downs US drone Reacting to [...]
UK pay rises of 2.5 per cent falls below inflation rate June 20, 2019 UK pay rises stayed flat year on year at 2.5 per cent in the three months to May, according to industry data released today. Employers opted not to increase salary hikes despite rising inflation. Read more: UK unemployment stays at record lows In fact, 87 per cent of the 238 pay rises analysed by Xpert [...]
Dixons Carphone shares plunge as it swings to £259m loss June 20, 2019 Dixons Carphone swung to a £259m loss in its latest full financial year, it revealed today, as the retailer warned investors of “more pain” to come. The revelation that Dixons expects fresh losses from it UK mobile division sent shares down 20.5 per cent to 99p in early morning trading. Read more: Dixons Carphone must [...]
N Brown share price surges on digital sales boost June 20, 2019 Sales at N Brown fell despite growth in its digital division in the three months to the start of June, it revealed today. Read more: N Brown shares plunge on ‘disappointing’ offline sales Total revenue dropped 3.8 per cent year on year even though digital sales rose three per cent, the retailer said. Digital sales [...]
British Gas owner Centrica to axe 700 management jobs in UK June 19, 2019 British Gas owner Centrica has confirmed it will slash up to 700 management and back office roles in the UK as part of a previously announced wave of job cuts. The latest losses will count towards the 4,000 job cuts figure announced in February 2018, which Centrica intends to complete by 2020. Read more: British [...]
UK inflation rate hits Bank of England target: Will Carney raise rates? June 19, 2019 The UK’s Consumer Prices Index (CPI) inflation rate fell to two per cent in May, in line with the Bank of England’s target, the latest figures show. CPI inflation dropped to within the target range set by Bank boss Mark Carney from 2.1 per cent in April, the Office for National Statistics (ONS) said today. [...]
Goals ‘blocks’ Mike Ashley probe into £12m accounting crisis June 19, 2019 Goals Soccer Centre is accused of having “stonewalled” calls from its largest shareholder, Sports Direct, for an external probe into its £12m accounting crisis. Sports Direct billionaire Mike Ashley had urged Goals to green light an external investigation over fears about the scale of the accounting issues. Read more: Goals warns of weaker results amid [...]