French Connection is facing a rebellion from an activist shareholder demanding the end of the FCUK brand July 31, 2016 French Connection is facing rebellion from an activist shareholder who has built up an eight per cent holding and is reported to want the retailer to drop its famous FCUK branding. Gatemore Capital Management has criticised French Connection’s performance since 2008, according to the Sunday Times, and urged founder Stephen Marks to split his joint roles [...]
The favourite to succeed Nigel Farage will find out on Tuesday whether he is in the race after missing a deadline to enter the leadership contest July 31, 2016 The hot favourite to succeed Nigel Farage will find out on Tuesday whether his campaign has fallen at the first hurdle after he missed a deadline to submit his nomination to battle in the party's leadership contest by almost 20 minutes. Candidates were required their application alongside 50 nominations and a cheque for £5,000 to the party by [...]
London mayor Sadiq Khan has branded Labour’s anti-business reputation as an “embarrassment” July 31, 2016 Labour is seen as being “unfriendly to business”, according to the party's most senior elected politician, London mayor Sadiq Khan. Khan said the City of London in particular had “unease” with Labour both in the 2015 general election and under its current leadership. A spokesman for Labour leader Jeremy Corbyn declined to respond to Khan's comments Sources close [...]
Legendary Mayfair nightspot Annabel’s saw its profits boosted by cost-cutting in 2015 July 31, 2016 Legendary Mayfair nightclub Annabel's has been boosted by improved profits after a year of cost-cutting. The club, named after English socialite Annabel Goldsmith, recorded profits of £2.7m for the year to 27 December, up from £2.1m in 2014, despite revenue dipping from £8.4m to £8.1m. Read More: Caring toasts rise in sales at restaurant empire According [...]
Amazon’s results have been boosted by growth in its cloud computing services and its second annual Prime Day July 28, 2016 Amazon has been boosted by growth in cloud computing to record better-than expected earnings. The web retailer saw revenues climb 31 per cent to $30.4bn, above analyst forecasts of $29.6bn and up from last year's equivalent figure of $23.2bn. Its Amazon Web Services business recording saw takings up 58.2 per cent to $2.83bn. Amazon also reported [...]
Google’s parent company has seen its stock surge following the publication of results ahead of analyst expectations July 28, 2016 GOOGLE parent Alphabet saw it stock surge in late trading yesterday after it reporting second quarter figures ahead of expectations. While analysts had predicted revenues of $20.7bn, the US giant last night published takings of $21.5bn for the three months to 30 June. It marked a 21 per cent increase on last year's figure of [...]
Expedia sees second quarter revenues slip following promotional activities July 28, 2016 Expedia has blamed a raft of new promotional activity for its failure to hit earnings forecasts for the second quarter. The travel expert said that revenue had been higher promotions for its member loyalty program and discounts to promote new hotel listings. The firm recorded quarterly takings of $2.20bn for the three months to 30 June, [...]
A final verdict on the construction of Hinkley Point C has been delayed to early Autumn, despite EDF approving the project today July 28, 2016 A decision by the board of French energy giant EDF to approve construction of two new nuclear reactors at Hinkley Point in Somerset was given a lukewarm response by Theresa May's government last night. In a shock move, business and energy secretary Greg Clark said the Government will now review the details and make a decision [...]
The board of French energy giant EDF has backed the construction of Hinkley Point C July 28, 2016 The board of French energy giant EDF has backed the construction of a new nuclear power plant at Hinkley Point. A vote among board members today supported the £18bn construction of Hinkley Point C According to reports, board members voted in favour of the project by a margin of 10 – seven, although an EDF spokeswoman [...]
The yawning gap between Labour supporters and the general public has been illustrated by a new survey July 28, 2016 A new survey has revealed the widening gulf in opinion between Labour supporters and the voting public, with the two sides disagreeing on which of the party's leadership candidates would make the best Prime Minister. In a survey of 1545 UK adults, pollster BMG found that 57 per cent of voters said that leadership challenger [...]
