Barclays boss Jes Staley ‘deeply regrets’ Jeffrey Epstein links February 13, 2020 Barclays chief executive Jes Staley has said he “deeply regrets” his connection with Jeffrey Epstein after it emerged that British regulators are investigating his links with the convicted sex offender. Staley admitted this morning that he maintained contact with with the disgraced financier, who took his own life in a New York jail last year [...]
Sajid Javid resigns as Downing Street turf war erupts February 13, 2020 Chancellor Sajid Javid has resigned as the turf war between the two Downing Street teams erupts, prompting the pound to briefly fall. Javid was thought to be personally safe as part of today’s reshuffle. However this morning he was asked to fire two of his special advisers Mats Persson and Sam Coates. The chancellor refused [...]
Boris Johnson to appoint minister to oversee HS2 as he gives rail link green light February 11, 2020 Boris Johnson has given the go-ahead for the controversial HS2 rail link between London and Birmingham, announcing he will appoint a minister to oversee the project, as he damned the current management. The Prime Minister this afternoon confirmed the government was backing HS2, which is now estimated to cost more than £100bn by completion. Read [...]
European companies could face upsurge in activist raids February 10, 2020 European companies could face an upsurge in activity from activist investors, analysis released today showed. One in 20 European companies with a market capitalisation of over $250m (£193m) have been targeted by activist investors in the past five years. This is half the rate (one in 10) for similar size companies in the US. The [...]
Just Eat bags deal to deliver McDonald’s January 28, 2020 Just Eat today became the second UK delivery firm to partner with McDonald’s after signing a multi-million-pound deal with the fast food chain. The delivery giant, which is set to enter a £6bn merger with Dutch firm Takeaway.com, said the partnership will hit the road later this year. It comes as a blow to rival Uber [...]
Comcast hikes dividend as broadband boost pushes up revenue January 23, 2020 Comcast today said it had ramped up its dividend after reporting a rise in both revenue and profit in the fourth quarter. The US media titan posted revenue of $28.4bn (£21.6bn), up two per cent on the same period last year, while earnings before interest, tax, depreciation and amortisation rose three per cent to $8.4bn. [...]
Don’t run for the hills over alignment – the big question is where and when to diverge January 19, 2020 As we approach the 50-day point in Boris Johnson’s premiership, questions are still being asked about what kind of leader he will be, and how different the country will become under him. Londoners in particular are used to certain amount of showmanship in the Johnson approach to politics. As mayor, he was a high profile [...]
Shares in Dechra Pharmaceuticals slump after slow first half January 16, 2020 Shares in Dechra Pharmaceuticals plummeted today, after it warned that full-year results would be more heavily weighted to its second half. The veterinary pharmaceuticals company published a note this morning to say its outlook for the year is in line with expectations, but that “the balance of trading will be more second half weighted than [...]
The best (and weirdest) new gadgets from CES 2020 January 9, 2020 As difficult as it is to believe, 2019 has actually ended, slinking out of time’s backdoor like a scolded cat and into the history books under a chapter titled ‘Bloopers and Outtakes’. Of course, the annual changing of the calendar guards heralds many things – reflection, resolution, vegan steak bakes – but it’s also a [...]
PMQs review: We’re in for a dismal ordeal for the foreseeable future January 9, 2020 The first Prime Minister’s Questions of the decade yesterday afternoon was the return of the unedifying spectacle of two men, neither of whom wanted to be there, both giving a performance so bad it made the new film Cats look watchable. Jeremy Corbyn, a blunt tool at the best of times, gave the newly emboldened [...]