Low-emission car registrations fall for first time in two years July 4, 2019 UK registrations of alternatively-fuelled cars fell in June for the first time since April 2017, with a major industry body blaming confusion over low-emission zones and incentives. Read more: Hybrid and diesel car sales fall in May amid government policy confusion Overall new car registrations in the UK fell for the fourth month in a [...]
Poll: Labour Party support hits record low July 4, 2019 The Labour Party has dropped to fourth place in a new opinion poll, recording its lowest level of support in polling history. Labour are in fourth place for the first time, with only 18 per cent of respondents saying they would vote for Jeremy Corbyn’s party if an election were held today, according to a [...]
MJ Gleeson records 25 per cent jump in new home numbers July 4, 2019 Shares rose at housebuilder MJ Gleeson today as it recorded a 25 per cent jump in the number of completed homes for this financial year. Read more: MJ Gleeson CEO: Our customers don’t give a damn about Brexit The affordable homes builder told investors it has built 1,529 homes for the year ending 30 June, [...]
A long-term fund wouldn’t prevent another Woodford scandal – it completely misses the point July 4, 2019 Last week, Mark Carney said Woodford-style funds are “built on a lie”
Logistics sector optimism hits record lows over Brexit fears July 4, 2019 Optimism in the logistics sector has plummeted to record lows as the industry battles Brexit fears. According to the Logistics Confidence Index compiled by Barclays and BDO, the industry has reported net pessimism for the first time since records began in 2012. Read more: Amazon to create 2000 UK jobs in post-Brexit vote of confidence [...]
MEPs pick Italian as new European parliament president July 3, 2019 The European parliament named an Italian social democrat as its new president today to complete a raft of new appointments to fill the highest-ranking roles in the EU. Read more: Meet the neighbours: Christine Lagarde set to front new-look EU leadership David Sassoli, 63, beat three German, Spanish and Czech candidates to the role, which [...]
FTSE 100 hits 11-month high on interest rate cut hopes July 3, 2019 The UK’s FTSE 100 stock index has hit an 11-month high today, boosted by the growing chances of interest rate cuts, a falling pound, and hopes of a resolution to the US-China trade war. Read more: Dollar falls as Fed holds interest rates but strikes dovish tone Meanwhile the pound has fallen to its lowest [...]
What’s gone wrong at Sainsbury’s? Three problems the supermarket must address July 3, 2019 It has been several months now since the Mike Coupe’s dreams of a merger with Asda were dealt a lethal blow from Britain’s competition watchdog, but how much has changed? Directors at the supermarket chain have been setting out a plan to cut costs, slash debt and refurbish 400 stores. Yet investors will likely have [...]
RPS blames Aussies for share price collapse July 3, 2019 By Graeme Evans from interactive investor. Profit forecasts slashed and rising debt threatening the dividend, will this crash attract bidders? A recovery for RPS Group (LSE:RPS) since an October profit warning has proved to be short-lived after Australia’s slowing economy derailed progress at the environmental consultancy. The latest warning sent shares in the Abingdon-based business crashing by as much as [...]
UK service sector ‘close to stagnation’ as economy slows July 3, 2019 The UK service sector came close to registering zero growth in June as Brexit uncertainty dented demand, according to data provider IHS Markit and the Chartered Institute of Procurement & Supply (CIPS). Read more: UK construction sector suffers worst output in 10 years The poor performance indicates the economy has slipped into contraction for the [...]