A deflating day for Halfords shares as margins are squeezed November 10, 2016 Shares in Halfords flopped five per cent today after revealing half-year profits had fallen by 12 per cent. While the car parts and bikes retailer announced that revenues had increased by six per cent, gross margins – the amount of profit it makes from every item sold – at its retail outlets fell sharply. Read [...]
Flash crash trader pleads guilty in Chicago court to two of the 22 charges he faces November 9, 2016 The Hound of Hounslow, the trader allegedly at the centre of the 2010 flash crash, has pleaded guilty in a Chicago court to wire fraud and spoofing. Navinder Sarao hit the headlines after he was accused of crashing American stock markets by placing enormous orders via a trading platform based in his Hounslow bedroom. Read more: Trader [...]
The speaking clock will have a Scottish twang for the first time ever November 9, 2016 Wednesday 9 November is a date that will go down in history. Telecoms history, that is. For the first time in its 80 years of existence, the BT speaking clock is to have a non-English voice, after Dundee's Alan Steadman was chosen to lend his celtic tones to notify callers of the exact time. A nationwide competition was launched earlier this year [...]
Batons and scrimmages: Barack Obama’s philosophical response to Donald Trump’s victory November 9, 2016 Outgoing US President Barack Obama said he was looking forward to passing on the baton to Donald Trump because, despite significant differences, “we are all on the same team”. Speaking outside of the White House this afternoon, Obama compared the Presidential election, which concluded with a loss for Hillary Clinton, to an “inter-mural scrimmage”. We’re [...]
Hillary Clinton says Americans have a role to play in holding Donald Trump to account November 9, 2016 Defeated Presidential candidate Hillary Clinton finally broke her silence this afternoon and urged Americans to give Donald Trump a chance to lead. Speaking to supporters at a New York hotel, she described the pain of losing and stressed the role that the public had to play in promoting multi-faceted tolerance. “We must accept this result and then [...]
Margaret Beckett could not contain her disappointment when reflecting on the Trump result November 9, 2016 One last British foreign secretaries to deal with a Republican administration today launched an uncharacteristic tirade against Donald Trump, Boris Johnson and the American people. The usually understated Margaret Beckett, who held a number of cabinet positions as part Tony Blair's government, was unable to hide her feelings when speaking on BBC radio this lunchtime. Read more: Theresa [...]
Some of the EU’s largest companies are worried that a hard Brexit will cost them dear November 8, 2016 A hard Brexit could hit some of Europe's largest companies by increasing their cost of funding. A report by accountants EY revealed that the likes of Airbus and Volkswagen are worried about the fallout of Britain's exit from the EU, according to reports by Sky News. Read more: A "hard Brexit" could undermine the very things driving [...]
The government reveals Panama Papers taskforce has yielded criminal investigations and new leads November 8, 2016 A government taskforce launched in the wake of the Panama Papers leak earlier this year has "added greatly" to the understanding of offshore tax evasion structures, the chancellor Philip Hammond said today. The "Panama Papers Taskforce" was launched in April to analyse the information that had been released by the International Consortium of Investigative Journalists (ICIJ). The [...]
US voters just want the election to be over but have voted for a strong leader November 8, 2016 Instead of sharing their joy at the opportunity to exercise their democratic rights, Americans looked forward to going to the polls today so that the whole thing can be over and done with. A Morning Consult/Politico exit poll showed that a whopping 85 per cent of voters just wanted the election to be over when asked [...]
