Relx sees revenue from exhibitions business plunge 70 per cent October 22, 2020 Relx (REL) today said annual revenue for its exhibitions business in the year-to-date had plunged 70 per cent as coronavirus restrictions prevented most events from taking place. The FTSE 100 company said total revenue for its exhibitions business, which account for 16 per cent of revenue last year, was down 70 per cent year-to-date given [...]
Anglo American sees production grow 24 per cent in third quarter October 22, 2020 Mining giant Anglo American said it had seen a “strong operational recovery” in the third quarter, with a 24 per cent increase in production compared to the previous quarter. “We are currently operating at about 95 per cent of our normal capacity,” Anglo American chief executive Mark Cutifani said in the company’s latest production report. [...]
Unilever reports return to sales growth as e-commerce business expands October 22, 2020 Unilever (ULVR) reported a return to sales growth in the third quarter as it expanded its e-commerce business amid continued demand for hygiene and in-home food products. The consumer goods behemoth said its online channels had continued to grow and its e-commerce business grew 76 per cent. Underlying sales grew by 3.9 per cent in [...]
Fishing for likes: Facebook takes on Tinder as it rolls out dating service October 22, 2020 Facebook is ramping up the pressure on apps such as Tinder and Bumble as it rolls out a new dating feature. Facebook Dating was first launched in the US and 19 other countries last month, but will now be available to users in the UK and across Europe. The social media platform said the new [...]
British Steel pension scheme trustees secure £2bn buyout October 22, 2020 Trustees of collapsed British Steel’s pension scheme have agreed a £2bn deal with insurers to secure the pensions of 30,000 staff. The agreement will see the Pension Insurance Corporation buy out the existing scheme at or above the level of compensation supplied by the Pension Protection Fund (PPF). The Old British Steel Pension Scheme (OBSPS) [...]
UK strikes deal with Norway to continue trade in case of no-deal Brexit October 22, 2020 The UK has signed a temporary agreement with Norway to ensure trade of goods can continue between the two nations in the case of a no-deal Brexit after 31 December
The City View: Francis Maude on ‘defensive’ and ‘deeply flawed’ civil service October 22, 2020 In this episode Christian talks to Lord Maude, a veteran of Tory politics whose career spanned nearly 40 years from the government of Margaret Thatcher to David Cameron’s 2015 majority. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Maude, who was a signatory to the Maastricht Treaty in 1992, talks about the current Brexit negotiations and says [...]
CANZUK is a cause in need of a champion — enter Jacinda Ardern October 22, 2020 This past weekend’s sweeping victory for New Zealand Prime Minister Jacinda Ardern brought her Labour Party its largest majority in five decades. Unusually for New Zealand politics, this could mean that Ardern oversees a government without any coalition partners. Yet she appears keen to consider a coalition government nonetheless. It is to that spirit of [...]
UK marketing slump continues after Covid-19 sparks record decline October 22, 2020 British companies reported another “drastic” cut in marketing budgets in the third quarter after the outbreak of coronavirus sparked the largest ever decline in spend. The Covid-19 pandemic has prompted a sharp drop in ad spend across all formats, with negative sentiment leading marketers to slash budgets. A net balance of -41.0 per cent of [...]
Ed Miliband calls on government to extend ‘wrongful trading’ suspension until end of year October 21, 2020 Shadow business secretary Ed Miliband has urged the government to extend the suspension of “wrongful trading” rules to the end of the year or risk a flurry of firms going bankrupt. Back in March, ministers introduced a temporary protection for business directors to protect them from liability if they kept trading despite facing bankruptcy due [...]
