UDG in excellent health as profits rise in full year results November 26, 2019 UDG Healthcare, the international healthcare services supplier, posted a rise in annual profit today on the back of less one-off charges and margin improvements. The FTSE 250 firm also said its earnings per share rose seven per cent in the company’s year end results, at the top end of its previous guidance. Read more: Compass [...]
De La Rue shares plunge as it scraps dividend and warns of ‘significant doubt’ over future November 26, 2019 De La Rue has bailed on plans for a dividend this year and warned there is “significant doubt” on its ability to continue to operate, sending shares plummeting. “We have concluded there is a material uncertainty that casts significant doubt on the Group’s ability to continue as a going concern,” it said today as it [...]
TSB to slash up to 400 jobs as it shutters stores in cost-cutting plan November 25, 2019 TSB has announced plans to close 82 branches next year and slash up to 400 jobs as part of a strategy overhaul aimed at saving £100m by 2022. Unveiling a new three-year strategic plan, chief executive Debbie Crosbie today said the savings would help deliver a 15 percentage point improvement to the bank’s cost to [...]
Tony Blair: Both UK parties are ‘peddling fantasies’ ahead of General Election November 25, 2019 Prime Minister Boris Johnson and Labour leader Jeremy Corbyn are both “peddling fantasies” ahead of the upcoming General Election, Tony Blair will say today. At an event in London, the former Prime Minister is set to criticise the country’s two main parties for offering a stark choice, aiming to win over voters “on the basis [...]
General Election: Boris Johnson promises to ‘forge a new Britain’ post-Brexit November 24, 2019 Boris Johnson has promised a “pent-up tidal wave of investment” post-Brexit at today’s Conservative manifesto launch in order to “forge a new Britain”. The Prime Minister launched the party’s manifesto today in the marginal constituency of Telford, which promised £23bn of increased public spending and tax cuts. However, Johnson’s speech itself focussed heavily on the [...]
Crossrail delay until 2021 may cost London £2bn November 21, 2019 The cost of delaying Crossrail until 2021 may rise to £2bn, according to Transport for London (TFL) bosses. TfL says the latest delay, which means the central part of the line won’t open until 2021, will cost £500m to £750m in lost fares. Read more: Crossrail will not run until 2021 and could cost an [...]
MUFG likely to deny Softbank loan over Wework bailout November 21, 2019 Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank, is reportedly likely to withhold additional loans from Softbank to finance the conglomerate’s $9.5bn (£7.3bn) rescue package for struggling office space firm Wework. Softbank has asked for around ¥300bn (£2.1bn) additional loans for Japan’s three megabanks – MUFG, Mizuho Financial Group and Sumitomo Mitsui Financial Group – [...]
Eco Atlantic shares fall after heavy crude discovery November 20, 2019 Shares in oil and gas explorer Eco Atlantic fell over seven per cent today after the company confirmed it was evaluating the commercial prospects of its major oil discovery off Guyana. Read more: Tullow Oil shares plummet as Ghana fields run into problems The figures Despite the shareholder reaction, Eco was bullish in its first [...]
HSBC investment banking boss to lose role in shake-up November 20, 2019 HSBC’s investment banking boss is reportedly set to be replaced as part of a shake-up under interim chief executive Noel Quinn. The lender’s head of global banking and markets Samir Assaf is to be moved to a non-executive role, according to the FT. Read more: Softbank in talks over KPMG’s private members club Assaf has [...]
Brexit campaigner Arron Banks has Twitter account hacked November 19, 2019 Self-described “bad boy of Brexit” Arron Banks has had his Twitter account hacked and his personal messages shared online. Banks – who co-founded Leave.Eu – also accused Twitter of not taking action or removing the “illegal data downloads” from the platform. Read more: Arron Banks apologises for Leave.Eu tweet about Angela Merkel that ‘went too [...]