Business groups urge Boris Johnson to drop opposition to Heathrow third runway July 25, 2019 Business groups have urged the new Prime Minister, Boris Johnson, to drop his apparent opposition to Heathrow’s third runway. In a letter to Johnson, business firms including the CBI and British Chamber of Commerce warned that a failure to support the £14bn scheme would “prevent us all from successfully building a global Britain”. Read more: [...]
Comcast grows revenue and profit thanks to broadband boost July 25, 2019 Comcast has posted a rise in revenue and profit for the second quarter as an increase in broadband customers helped offset a decline in its TV business. The US media group posted revenue of $26.9bn (£21.5bn) in the three months to the end of June, up 24 per cent on the same period last year. [...]
O2 will launch 5G network in London and five other cities in October 2019 July 25, 2019 O2 has revealed it will switch on its 5G network from October, aiming to go live in 20 towns and cities by the end of the year, including London, Leeds, Edinburgh and Cardiff. Belfast and Slough will also get 5G first in O2’s first wave of launches, as it races to bring that number to [...]
Uber and rival Ola sniffing around London’s Addison Lee July 24, 2019 Uber and Indian ride-hailing firm Ola are mulling bids for London-based taxi firm Addison Lee, which could create a powerful force in one of the world’s biggest private transport markets. Read more: Uber rival Viavan wins three year license renewal from TfL The US giant and Ola are two of “a handful” of companies talking [...]
Mauritius: Paradise, but not as you know it July 24, 2019 This tropical island offers the cliched white sands and blue seas, but there’s more to discover at this most unusual of holiday destinations Pop quiz: What is the only tropical island to host its own classic car rally? This November, Mauritius will be the unlikely home to some of the rarest and most expensive classic [...]
Fevertree Drinks shares worth £36 despite sell-off July 24, 2019 By Graeme Evans from interactive investor. Slower growth is never good news for highly-rated stocks, but Fevertree still has plenty of fans. Runaway success stories like Fevertree Drinks (LSE:FEVR) don’t come around often, which is why yesterday’s latest slide for the AIM stock should alert investors to a potentially enticing entry point. The sky-high valuation has weakened considerably since early [...]
Could magic mushrooms fix your brain? We try Europe’s first legal psychedelic therapy retreat July 24, 2019 Ten of us sit in a semicircle around a makeshift altar. In front of us lies a small statue of Buddha, various rocks and crystals, some pine cones, a carved mushroom, a small chemists’ weighing scale, and a wooden bowl filled with psychedelic ‘truffles’. We’re in a lodge on the outskirts of Amsterdam overlooking woodland [...]
Metro Bank drafts in new non-exec director ahead of results July 24, 2019 Metro Bank has appointed a former senior Bank of Ireland boss to be its latest new independent non-executive director, as the troubled lender ramps up its management reshuffle following a tumultuous six months. Michael Torpey, a former senior executive at Bank of Ireland, is set to to join Metro Bank’s board in September, becoming the [...]
Freefall: Boeing makes $3.4bn loss on 737 Max grounding in second quarter July 24, 2019 Boeing this afternoon posted a $3.4bn (£2.7bn) quarterly loss, as it continues to struggle with mounting costs relating to the grounded 737 Max plane. The massive losses come after Boeing’s surprise announcement last week that it would set aside $4.9bn (£3.9bn) to compensate airlines for the disruption caused by the jet’s grounding. Read more: Boeing [...]
Prime Minister Boris Johnson moves to mend relationship with UK business July 24, 2019 Boris Johnson has moved to rebuild his relationship with the business community by hiring Sky executive Andrew Griffiths as part of his Number 10 team. A source close to Griffiths said Johnson’s appointment of the Sky veteran – who most recently served as the broadcasting giant’s chief operating officer – was “a clear sign of [...]