Tullow Oil shares tumble after it reports a third year of losses February 8, 2017 Tullow shares plunged after it announced its third straight annual loss caused by big exploration write-offs in its Africa arm. The figures The oil giant's shares fell more than five per cent in morning trading after taking gross exploration write-offs of $723m (£579m). Revenue fell 21 per cent to $1.3bn from $1.6bn in 2015 due to weak oil prices. Tullow posted [...]
Why England players will have shuddered at Eddie Jones’s assessment of the France win February 6, 2017 As bruised England players pored over the Sunday papers while tackling a breakfast of serving bowls of cereal and kilos of back bacon, they would have been unnerved digesting Eddie Jones’s post-match remarks. The head coach blamed himself for the dull performance in England’s narrow 19-16 win over France on Saturday, saying that he didn't [...]
Boss of troubled newspaper group Johnston Press set for meeting with activist investor February 5, 2017 The under-pressure chief executive of newspaper group Johnston Press is preparing for talks with activist investor Crystal Amber, which recently became the company’s biggest shareholder. Ashley Highfield expects to meet the investor shortly, with chief financial officer David King, after a trading update at the end of last week. Read more: Why Brexit, Trump and [...]
Donald Trump continues to make waves in markets round the world as FTSE 100 gains over the week February 3, 2017 The FTSE 100 ended the week in much the same position as it started, closing on Friday at 7,198.28 points, an intraday gain of 0.81 per cent after starting the week at 7184.49 points. Newly minted US President Donald Trump managed to talk down the dollar over the course of his second working week (with [...]
Next week’s Tube strikes are off: RMT suspends action February 3, 2017 Planned Tube strikes for next week have been suspended, the Rail, Maritime and Transport (RMT) union has announced. It had met with London Underground (LU) bosses this week at conciliation service Acas to try and avoid more strike action taking place from Sunday. More than 3,000 of the union's members were poised to walk out from 6pm on Sunday until [...]
Editor’s Notes: The PM needs the citizens of nowhere to make London their home February 3, 2017 Theresa May has come a long way since her speech to the Tory party conference in October last year. Having been denied a meaningful leadership contest before entering 10 Downing Street, the new PM’s first few months in office left the more liberal wing of the Tory party pining for the metropolitanism of Cameron and [...]
Applications to UK universities from EU students are down 7% since the Brexit vote February 2, 2017 Students from the European Union appear to have been put off from studying in the UK following last year's Brexit vote. The number of applications to UK universities from students in the European Union has shrunk by 7% in the wake of the Brexit vote, according to figures from UCAS.EU applications are down to 42,070 [...]
World’s largest hedge fund warns on Trump February 1, 2017 The founder of Bridgewater Associates, Ray Dalio has told investors he is increasingly concerned that Trump’s “populist” programme will be harmful to the world economy in the long-term. Dalio had been optimistic about the so-called “Trump Bump” back in November last year. Bridgewater’s co-chief investment officer Bob Prince joined Dalio in making the warning in [...]
Apple of my iPhone: Records tumble as quarterly revenue sets all-time high January 31, 2017 Apple has smashed investor expectations to post its best ever quarterly revenue on the back of record-breaking sales of its iPhone. The Cupertino-based company saw revenue for the quarter increase to $78.4bn, a rise of $2.5bn from the previous year. Apple's share price rose by over three per cent in after-hours trading. Read more: Here's how top [...]
£3.5m share bonus for outgoing Burberry CEO January 31, 2017 Outgoing Burberry CEO, Christopher Bailey, has received 215,000 shares in the business, with a total value of £3.5m. Bailey is one of a number of Burberry executives that have been awarded performance-contingent share packages in 2017, after the fashion retailer postponed its rewards scheme last year. Burberry’s sales are believed to have benefited from the [...]