Shell changes tack in expected dividend hike June 4, 2019 Royal Dutch Shell today told investors it expects to hike dividends after completing a $25bn (£19.7bn) share buyback by the end of 2020. The oil giant routinely pays around $16bn back to shareholders every year but has not upped its dividend since 2014, when it rose to $0.47 per share. Shell said it is on [...]
Swansong: Is Apple about to kill iTunes at WWDC 2019? June 3, 2019 If reports are true, iTunes could be about to play its last ever track at Apple’s WWDC 2019 event tonight. The beloved music player has been going strong for 15 years since its introduction in 2004. Read more: Apple takes on Netflix with TV streaming service But Apple CEO Tim Cook wants to boil it [...]
Ineos billionaire Sir Jim Ratcliffe pours $2bn into Saudi Arabia manufacturing hubs June 3, 2019 British energy giant Ineos is set to sink $2bn (£1.6bn) into its very first manufacturing plants in Saudi Arabia. Read more: Ineos hints it could pull out of UK fracking market Owner Sir Jim Ratcliffe called the decision “a major milestone that marks our first investment in the Middle East”. The deal comes after Ineos [...]
Sir Philip Green must stump up extra £50m to save Arcadia from administration May 31, 2019 Sir Philip Green must plough another £50m into the pension scheme of his Arcadia retail empire to prevent it collapsing, it is reported. Read more: Sir Philip Green to close Miss Selfridge's flagship Oxford Street store The Pensions Regulator (TPR) has ordered the Topshop tycoon to add the £50m in addition to £100m his family [...]
Tories face worst election result ever as Brexit Party and Lib Dems surge ahead May 31, 2019 The Conservatives would fall outside the top two parties if a general election were held today, a new poll reveals. Read more: Which Tory leadership candidates favour a no-deal Brexit? The Tories would crash to third place with just 19 per cent of the vote, tied with Jeremy Corbyn’s Labour party, a Yougov survey has [...]
Wizz Air profits rise as it expects higher fuel costs to push up 2020 earnings May 31, 2019 Wizz Air’s profit margin was squeezed in its latest financial year despite posting record profit today as revenues soared, and predicting more good times to come as rivals fall by the wayside. The figures Wizz Air saw profit grow six per cent year on year to hit €292m (£257.9m) in the 12 months to the [...]
Markets brace as Trump threatens Mexico with 25 per cent tariffs over immigrants May 31, 2019 US President Donald Trump is set to slap fresh tariffs on all Mexican imports next month, in a shock move that could threaten a recently-agreed major trade deal between the two sides. Read more: Mueller says 'not an option' to charge Trump over Russia inquiry The White House warned late last night that the US [...]
Outsourcer Amey agrees terms for £300m deal to escape Birmingham roads contract May 30, 2019 Contractor Amey is close to reaching a £300m agreement that would see it pay its way out of a maintenance contract for Birmingham’s 1,600-mile road network, it is reported. Read more: Amey 'offers £300m' to Birmingham city council to escape road contract Amey’s deal with Birmingham City Council and the government will see it pay [...]
Welcome to the future: EE 5G lands in London and five other UK cities May 30, 2019 EE’s 5G network went live in six cities today, bringing the new technology to the UK for the first time. Read more: EE and Vodafone ditch Huawei devices from summer 5G rollout London, Birmingham, Manchester, Cardiff and Belfast are the first locations to benefit from the new mobile network, which will offer users data speeds [...]
Chancellor Philip Hammond vows to topple next Prime Minister to avert no-deal Brexit May 30, 2019 Chancellor Philip Hammond has hinted he could try to topple the next government if it meant averting a no-deal Brexit. Read more: Tory leadership race: Who are the leading candidates? Warning that “national interest trumps the party interest”, Hammond told Sky News he would back a no-confidence vote in the next Prime Minister to prevent [...]
