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 [...]
Stobart shares soar 10 per cent after firm gives upbeat outlook despite losses May 29, 2019 Stobart shares have soared by more than 10 per cent this morning following the release of its latest financial results showing promising growth at Southend Airport. Stobart did however see a plunge in its pre-tax profit as it counted the cost of a long legal battle as well as a long list of expensive writedowns. Read [...]
Extinction Rebellion protests: 26 arrested after London Stock Exchange climate change protest April 25, 2019 Police arrested 26 people this morning after climate change activists blocked the London Stock Exchange as the Extinction Rebellion protest group targeted Square Mile financial institutions. Read more: Climate change protesters glue themselves to London Stock Exchange The Metropolitan Police said they were arrested on suspicion of aggravated trespassing. Meanwhile other activists were demonstrating outside [...]
Brexit live: MPs to vote on May’s withdrawal agreement tomorrow March 28, 2019 Welcome to our Brexit live blog. Please manually refresh this page for the latest updates. Follow this page throughout the day for the latest Brexit news as the world reacts to yet another day of deadlock in parliament. MPs failed to reach a majority last night on a series of indicative votes intended to provide an [...]
Asda and Sainsbury’s propose selling 150 stores to save merger March 22, 2019 Asda and Sainsbury's have offered to sell up to 150 supermarkets and several convenience stores in a bid to save their proposed merger. Read more: Sainsbury's and Asda double down on £1bn price cut pledge to salvage deal The supermarkets promised they could divest between 125 and 150 supermarkets and "a number" of the convenience stores in [...]
Brexit vote live: MPs reject no-deal and vote for changes on the Irish backstop January 29, 2019 Hello and welcome to our Brexit vote live blog. Please manually refresh this page for the latest updates The Prime Minister brings her plan B to parliament today, but the real meat on the table today are various Brexit amendments tabled by MPs. These vary wildly – with one expected to call for an alternative [...]
Brexit deal live: UK would vote to remain in EU in a second referendum January 17, 2019 Hello and welcome to our Brexit vote live blog. Stay tuned for reaction to Labour's no confidence vote yesterday, after Theresa May's Brexit deal slumped to a historic defeat in parliament on Tuesday night. Please manually refresh this page for the latest updates What you need to know: The Prime Minister’s deal was defeated by [...]
Reckitt Benckiser CEO announces plan to retire at the end of 2019 January 16, 2019 Reckitt Benckiser chief executive Rakesh Kapoor is set to retire at the end of 2019, the firm announced today, leading it to launch a formal search for its next boss. The maker of Nurofen and Clearasil said it is looking at both internal and external candidates to succeed Kapoor, as shares dropped by three per [...]
Stephen Barclay replaces Raab as Brexit secretary, as Amber Rudd returns to government as work and pensions secretary November 16, 2018 Stephen Barclay has been confirmed as the new Brexit secretary, while former Home secretary Amber Rudd has been appointed as the Work and Pensions secretary. Barclay, the MP for North East Cambridgeshire, was previously a minister at the Department for Health and Social Care. He takes over from Dominic Raab, who quit his role yesterday [...]
Gove and Fox to remain in May’s cabinet to work on Brexit’s future November 16, 2018 Michael Gove and Liam Fox have said they will continue serving in Theresa May’s cabinet, after stating they had confidence in the Prime Minister and the future of Brexit. Environment secretary Gove had been widely tipped as the Prime Minister’s next major resignation after eight ministers, MPs and officials quit over Downing Street’s draft Brexit agreement yesterday. He [...]