Talktalk holds guidance as full-fibre demand boosts revenue July 17, 2019 Broadband provider Talktalk today said its first quarter trading was in line with expectations, as growing demand for high-speed internet boosted sales. The telecoms firm posted a 1.3 per cent rise in revenue to £387m in the three months to the end of June, and said its full-year guidance remains unchanged. Read more: Talktalk narrows [...]
Rolex seller Watches of Switzerland posts soaring sales in maiden results July 17, 2019 The UK’s biggest seller of Rolexes enjoyed a surge in appetite for luxury watches over the last 12 months, it revealed today in its first financial results since floating on the London Stock Exchange. Watches of Switzerland, which begun life as a listed firm in the City less than two months ago, has reported a [...]
Business bodies unite to attack post-Brexit immigration plans July 17, 2019 A group of business organisations representing thousands of firms have demanded the next prime minister change proposed post-Brexit immigration plans to avoid worsening “chronic skills and labour shortages”. Read more: British businesses attack post-Brexit immigration policy The groups, among them business membership organisation London First, the British Retail Consortium (BRC), and the Recruitment and Employment [...]
Share price crashes as car dealer Lookers issues profit warning July 12, 2019 Lookers suffered a sharp drop in its share price this morning as a profit warning fuelled investor concerns just a month after the car dealership giant revealed it was being investigated by the UK’s financial watchdog over its sales processes. Shares plummeted 25 per cent in early morning trading to roughly 33p after the firm [...]
Microsoft opens flagship London store on Oxford Circus July 11, 2019 Microsoft opened its flagship store on Oxford Circus today, marking the US tech giant’s first major retail location in Europe. The new store offers a string of hands-on customer experiences, including a McLaren Senna racing car experience, a gaming lounge and a digital learning hub offering coding lessons for children. Read more: Microsoft and Oracle [...]
Landsec chief executive Robert Noel to retire July 11, 2019 Landsec chief executive Robert Noel is set to step down next year, the property giant announced today. Noel will retire after ten years at the firm and eight in the chief executive role after he joined Landsec as managing director of the London portfolio in 2010. Read more: Landsec: A tale of two portfolios He [...]
FTSE 100’s best and worst performers in 2019 so far July 10, 2019 By Graeme Evans from interactive investor. The blue-chip index jumped over 10 per cent in the first half of this year, but which one surged 68 per cent? It’s been a year of widespread and significant gains in the FTSE 100 index, with blue-chip stocks surging by as much as 68 per cent during the first half of 2019. [...]
Boris Johnson can deliver a bolder economic vision for Britain July 10, 2019 Brexit Britain is at an impasse. Half-in, half-out, with our politics gridlocked, we are now in serious danger of undermining our traditional attractiveness as a magnet for global investment. This week’s quarterly survey of FTSE CFOs by Deloitte shows that 83 per cent expect the UK’s economic prospects to worsen as a result of Brexit [...]
Deutsche Bank wields the axe in London as traders sent home July 8, 2019 Traders were sent packing from Deutsche Bank’s London office today as the German lender shuttered its entire share-dealing department. Read more: City jobs at risk as Deutsche Bank prepares to slash 18,000 roles globally Numerous bankers were given until 11am to vacate their offices, while bosses held conference calls to inform different teams about their [...]
Up in smoke: Imperial Brands to put breaks on dividend July 8, 2019 British tobacco giant Imperial Brands is set to abandon its ten per cent dividend growth target as it focuses on catching the vaping market. The news came alongside a £200m share buyback, sending the company soaring on the London exchange. Read more: Puffed – Imperial Brands shares drop on vaping slowdown Shares rose 2.74 per [...]