Liverpool post record revenues as pre-tax profits hit £125m February 8, 2019 Liverpool Football Club made a pre-tax profit of £125m after posting record revenues for the financial year ending 31 May 2018. The club saw revenue increase to an all-time high of £455m, with pre-tax profits growing by more than 300 per cent from £40m to £125m, according to the club's accounts. Liverpool's turnover increased by [...]
Tata Motors’ share price tanks on Jaguar Land Rover losses February 8, 2019 The share price of Indian conglomerate Tata Motors fell 17 per cent today after it posted the biggest-ever quarterly loss in Indian corporate history of about £3.1bn. The loss was triggered by falling Chinese demand for Jaguar Land Rover’s (JLR) cars, the main source of Tata Motors’ revenue. Tata said JLR would post an operating [...]
France recalls ambassador from Italy as diplomatic row escalates February 7, 2019 France has recalled its ambassador from Italy as relations between the two countries hit a post-war low. In a statement issued on Thursday, the French foreign office claimed the country had been the subject of “baseless attacks and outrageous statements” from the Italians. The spark for the recall appears to have been a meeting between [...]
Digital bank Monzo in discussion with Post Office to allow customers to deposit cash February 5, 2019 Digital bank Monzo has entered discussions with the Post Office to allow its customers to deposit and withdraw cash in branched across the country. Chief executive Tom Blomfield told MPs that while cash transactions were declining they were not “going away.” A potential deal, similar to those between the Post Office and other major UK [...]
China’s success among western firms will depend on the desirability of the brand February 5, 2019 Not a week goes by when there isn’t a data print-out of China posting the weakest number since… well pick a year. Last Friday, for example, the Caixin manufacturing survey posted a second consecutive month of contraction and the lowest reading since 2016. The slowdown has triggered a set of 2019 growth downgrades from the analyst [...]
Ofcom complaints league table reveals worst phone and broadband providers February 4, 2019 Virgin Media and Vodafone have topped the league table for the most telecoms and broadband complaints in the third quarter last year, according to regulator Ofcom. Virgin received the most complaints for both pay-monthly mobile and pay-TV services, while Vodafone was the most bemoaned provider for broadband and landline. Read more: Which mobile operators offer London's [...]
London snow: Southeastern tells commuters to avoid peak trains amid ice warning February 1, 2019 Londoners were today issued with an ice warning as snow hardens in the capital and around the south east. The Met Office has posted a yellow warning for ice for tonight and into the weekend, though snow will gradually ease through the night despite temperatures continuing to drop below freezing. Read more: Snowpocalypse – what to [...]
Property of the Week: Leinster Gardens, the HQ of Andreas Papadakis’ publishing house Academy Editions goes on sale February 1, 2019 Faithful followers of fashion in interior design and architecture will have heard of Academy Editions. Leinster Gardens, Bayswater, £7.95m Back in the 1970s, it published over a thousand influential books and magazines dedicated to architecture and the decorative arts, drawing artists like Roy Lichtenstein, David Hockney and Charles Jencks to the Bayswater headquarters of the [...]
Trump tore down the walls for the Democrats’ socialist superstar February 1, 2019 Half-baked policy ideas that don’t stand up to economic scrutiny but spread like wildfire across social media. The ability to tear up the rulebook to forge a new path to power. A US politician who is almost certainly dramatically under-qualified for the office they hold, but who has captured the imaginations of millions through sheer charisma [...]
London salaries 2019: Which jobs will get you a pay rise? January 31, 2019 Talent has rarely been so in demand as it is in 2019. Against a backdrop of a record employment rate, UK wages keep going up, with pay growth hitting a post-financial crisis peak of 3.3 per cent in late 2018. Read more: Employment rate hits new record as wages grow But as a UK-wide average [...]