Heathrow third runway plans ruled ‘unlawful’ as legal challenge upheld February 27, 2020 Heathrow Airport’s third runway expansion has stalled, after a challenge in the high court was upheld in the Court of Appeal. The court found that the government’s policy statement for the third runway was “unlawful” as it did not take into account the government’s commitment to the Paris Climate Agreement, a challenge brought by mayor [...]
UK threatens to walk away from EU trade talks if no progress by June February 27, 2020 Downing Street will demand autonomy over “our own laws and political life” in a future trade deal with the EU – and will walk away from talks as early as June if it appears that an agreement is not likely, according to the UK’s negotiating mandate. The 30-page mandate, published minutes ago, clearly sets out [...]
Reckitt Benckiser: Dettol demand has spiked due to coronavirus worries February 27, 2020 Consumer goods giant Reckitt Benckiser said today it had seen a spike in demand for its Dettol and Lysol disinfectant brands in the wake of the coronavirus outbreak. Pictures of the Dettol label went viral recently because of claims it can kill the coronavirus. Reckitt Benckiser cautioned that as Covid-19 was a novel virus it [...]
BoE governor Mark Carney urges the City to step up on climate change February 27, 2020 Outgoing Bank of England governor Mark Carney has demanded the City answer “calls to action” on climate change and help speed up the transition to a low-carbon economy. In a speech given in the City this morning, Carney is expected to call on money managers to “ensure that every financial decision takes climate change into [...]
Geneva watch fair cancelled on coronavirus concerns February 27, 2020 A major watch convention in Geneva was cancelled today due to worries over the spread of the coronavirus. Fondation de la Haute Horlogerie, organiser of the Watches & Wonders gathering, today announced the cancellation of the event which was due to be held from 25-29 April. “In order to protect the health and wellbeing of [...]
Provident Financial increases dividend as it posts a rise in profit February 27, 2020 Provident Financial has proposed a 60 per cent increase in its final dividend has it posted a rise in profit. The figures Group profit before tax rose 1.6 per cent to £162.2m Basic earnings per share increased 22 per cent to 33.3p, while adjusted EPS fell 2.9 per cent from 48.7p to 47.3p. Provident’s division [...]
St James’s Place posts five per cent profit fall as inflows slow February 27, 2020 Wealth manager St James’s Place posts a fall in full-year operating profit after the pace of inflows of client cash slowed. The figures St James’s Place reported operating profit of £952m, a fall from the £1bn posted in 2018. This was, in part, due to a fall in new business from £852.7m in 2018 to [...]
Two new UK coronavirus cases confirmed to bring total to 15 February 27, 2020 Two more British patients have tested positive for the coronavirus, raising the total number of UK coronavirus cases to 15. The new patients did not pick up the coronavirus in China but it was passed onto them in Italy and Tenerife. They are now being treated at the NHS’ specialist infection centres in Royal Liverpool [...]
Amigo shares fall as impairment charges hit profit February 27, 2020 Shares in Amigo fell more than nine per cent this morning after the lender reported a sharp drop in pre-tax profit and withdrew its guidance for the full year. The figures Net loan book rose 3.8 per cent year on year to £722.3m in the nine months to the end of December. Revenue grew 8.5 [...]
Rentokil extends buying spree after record revenue growth February 27, 2020 Rentokil posted its highest level of revenue growth in fifteen years in 2019 as the pest control service continued its expansion around the world. The figures The Camberley-based ratcatchers posted full year organic revenue growth of 4.5 per cent, reaching £2.7bn in 2019. Profit before tax recorded double-digit growth, increasing to £340.9m, up 10.7 per [...]
