US GDP plummets 31 per cent in second quarter to lowest on record September 30, 2020 US GDP plummeted 31.4 per cent in the three months to July to the lowest level on record, data revealed today, as President Donald Trump scrambles to restore the economy ahead of the presidential election next month. Annualised figures released today by the US Bureau of Economic Analysis (BEA) revised up an earlier estimate which [...]
M&C Saatchi prepares for share suspension as it fails to file annual accounts September 30, 2020 M&C Saatchi is preparing to see its shares suspended as the advertising giant teeters closer to missing today’s deadline to file its 2019 annual results, marking a tumultuous succession to last year’s accounting scandal at the firm. The advertising group said an audit into previously disclosed accounting problems had taken longer than expected, and that [...]
888 shares rocket 25 per cent as gambling firm raises full-year expectations September 30, 2020 888 shares ballooned as much as 25 per cent this morning as the gambling giant raised its full-year expectations after reporting a 130 per cent hike in profit during the pandemic. The results 888’s group revenue swelled 37 per cent to $379.1m (£295.8m) in the six months to 30 June, up from $277.3m in the [...]
Boohoo profit soars during pandemic despite factory scandal September 30, 2020 Boohoo saw profit rocket more than 50 per cent during the pandemic, as the fast fashion retailer shrugged off a factory scandal earlier in the year that threatened to alienate its customer base. The results Revenue for the six months to the end of August rose 45 per cent to £816.5m, up from £564.9m in [...]
William Hill and Caesars Entertainment seal £2.9bn takeover deal September 30, 2020 William Hill today said it has given the green light to be acquired by Caesars Entertainment, in a £2.9bn deal that would hand the US casino giant a huge boost in America’s rapidly expanding sports betting industry. “The William Hill board believes this is the best option for William Hill at an attractive price for [...]
London faces emergency two-week lockdown as UK hospital deaths hit highest since July September 29, 2020 Ministers are drawing up plans to enforce sweeping lockdown measures across the country including a ban on household mixing in London, as new coronavirus infections continue to rise. Pubs, restaurants and bars may be forced to shutter for two weeks in both the North of England and in London, marking a return to so-called circuit [...]
Meghan loses latest High Court battle against Mail on Sunday September 29, 2020 The Duchess of Sussex has lost the latest ruling in her High Court lawsuit against the Mail on Sunday over its publication of a personal letter sent to her father. Meghan Markle is suing Mail on Sunday publisher Associated Newspapers (ANL) over claims the handwritten letter was a breach of the Data Protection Act and [...]
New BBC boss Tim Davie ‘prepared to fire stars’ who break impartiality rules September 29, 2020 The BBC’s new director general today said he is prepared to fire high-profile figures who break the broadcaster’s devout impartiality rules on social media. In his first major move at the helm, Tim Davie, who took up the post earlier this month, said the corporation will publish new social media rules next month which will [...]
City of London Police jail crime gang selling fake money, drugs and guns September 29, 2020 Several members of a major London crime gang have been jailed by City of London Police after pleading guilty to conspiring to sell fake bank notes, guns and Class A drugs. Five members of the organised crime network were handed jail sentences at Inner London Crown Court on Friday, following a three-year police investigation into [...]
Tory minister backs ‘1984’ ban on singing and dancing September 29, 2020 A government minister has backed the government’s ban on singing and dancing in public venues, warning that some jobs in the UK’s night-time economy will take a “long time” to return in the wake of the pandemic. Skills minister Gillian Keegan told Sky News’ Kay Burley this morning that emergency laws implemented yesterday to curb [...]
