Whoever you support, this culture of MP abuse is utterly unacceptable November 5, 2019 This year, I stood as an MEP candidate. I was tremendously excited – it had been a dream of mine since I was in school to be a politician. The debate on Europe was exhilarating, new parties had entered the fray, and digital platforms meant that engaging the public was easier than ever. Within an [...]
UK consumer spending growth slows under Brexit uncertainty November 5, 2019 UK consumer spending slowed in October, a new report has shown, as Brits remained cautious with their money in the run-up to the missed 31 October Brexit deadline. Read more: UK economy to hit decade low even with Brexit deal, report warns Spending at the shops grew by 1.5 per cent in October year on [...]
Ryanair will ask for IAG divestments in €1bn Air Europa deal November 4, 2019 Ryanair boss Michael O’Leary is ready to ask competition regulators to intervene in British Airways owner IAG’s purchase of Air Europa, he said today. IAG is primed to buy the Spanish airline for €1bn (£860m) but O’Leary said he will ask the Competition and Markets Authority (CMA) to force the firm to make divestments to [...]
Luxury bag retailer Radley doubles size of US business November 4, 2019 Luxury accessories brand Radley more than doubled its US business over a year as customers hunt out classic British heritage brands. Radley – which sells its products in the US in Macy’s department stores, through QVC television and on its own website – is seeking to expand its presence in the country after establishing a [...]
The Brexit ‘clock is ticking’ … until the next extension November 4, 2019 Brexit is quite possibly the most destabilising event in recent market history. Clearly this has the most direct effect on the UK markets, but it also applies to the remaining member states of the European Union (EU). The idea that ‘financial markets like certainty’ is so often quoted that one wonders why 650 members of [...]
Independent MP John Woodcock to quit at December election November 4, 2019 Independent member of parliament John Woodcock has revealed he will step down as an MP in December’s election. Woodcock said he plans to quit politics after his partner, Spectator assistant editor and author Isabel Hardman, became pregnant. The MP , who was a member of the Labour party until he quit in the summer of [...]
UK PLCs suffer ‘worst quarterly results in years’ November 4, 2019 The UK’s publicly listed companies have suffered their worst quarter on average in nearly three years, according to a new report. More than half of UK firms listed on the main market have reported lower profits for the second consecutive quarter, collectively falling 4.5 per cent in the first drop since 2016. Read more: ECB [...]
Santander takes majority stake in Ebury for £350m November 4, 2019 Santander has snapped up a majority stake in UK-based fintech firm Ebury for £350m. The Spanish bank’s acquisition of a 50.1 per cent holding in the firm comes as part of a wider effort to target more growth from SMEs. Read more: Debate – will Uber’s move into banking succeed or fail? Ebury, which operates [...]
What Thomas Cook’s collapse tells us about the power of disruption November 4, 2019 Whilst the failure of UK holiday firm Thomas Cook was sudden and a considerable shock to many, the writing has been on the wall for some time now. Driven by technology and specifically by the advent of online booking and reservation systems, the travel industry has long been undergoing a radical transformation across each of [...]
FTSE 100 and European stocks leap on trade deal optimism November 4, 2019 European markets including the FTSE 100 opened higher this morning, as traders began the week with growing optimism over the current US-China trade war. London’s blue-chip index rose 1.1 per cent to 7,384 points in morning trading, while the Dax and the Cac also made similar gains. Read more: Volatile markets boost TP Icap revenues [...]