UK trade gap widens as ministers seek Brexit deals June 10, 2019 The UK’s overall trade deficit widened by £2.7bn to £15.6bn in the three months to April, as Britain increased its imports of goods, official statistics today showed. Read more: Pound falls as UK economy shrinks by 0.4 per cent in April Yet if certain volatile goods are excluded, the trade deficit narrowed by £4.2bn in [...]
Tory leadership race: Contenders must stay until the bitter end June 6, 2019 Tory leadership race hopefuls have been told they must be prepared to stay in the contest until the bitter end to avoid a repeat of the coronation of Theresa May as party leader in 2016. May won the race to succeed David Cameron three years ago when leadership rival Andrea Leadsom pulled out of the [...]
Entertainment One shares jump as it denies reports of senior executive exit June 6, 2019 Shares in Entertainment One jumped as much as 15 per cent this morning after it rebuffed reports that boss Mark Gordon was in talks to leave the company. Read more: Profits slip at Entertainment One after £61m write down President and chief content officer Mark Gordon is reportedly set to leave his role amid a [...]
Trump meets FTSE business leaders over breakfast June 4, 2019 Business leaders will sit down for breakfast with US President Donald Trump this morning as part of a bid to strengthen transatlantic relations, as fears over an impending global trade war continue to mount. Representatives from 10 leading companies – five from the UK and five from the US – will break bread at St [...]
En+ profit plunges after Trump’s US sanctions bite May 31, 2019 Energy provider En+'s profit and revenue plunged in its first quarter this year after the imposition of US tariffs that were only recently lifted. The aluminium and power giant saw its profit slide 38.7 per cent to $409m (£324m) in the first three months of 2019, with revenue falling 19.1 per cent to $2.8bn. Read more: US [...]
Just can’t get the staff these days? Brush up on data security May 31, 2019 Unemployment is at its lowest rate since the early 1970s. This is good news for those preparing to leave the nation’s schools, colleges, and universities over coming months, as they begin their climb up the career ladder. Employers, however, may view the latest figures from the Office for National Statistics with concern. There may be [...]
Wizz Air profits rise as it expects higher fuel costs to push up 2020 earnings May 31, 2019 Wizz Air’s profit margin was squeezed in its latest financial year despite posting record profit today as revenues soared, and predicting more good times to come as rivals fall by the wayside. The figures Wizz Air saw profit grow six per cent year on year to hit €292m (£257.9m) in the 12 months to the [...]
Deal or no deal: Where every Tory leadership candidate stands on no-deal Brexit May 30, 2019 Read more: Tory leadership race: Who are the leading candidates? With only one week left until Theresa May steps down as Conservative party leader, the race to become the new Tory bigwig currently has 11 candidates competing against each other. Now, almost three years after David Cameron resigned following the EU referendum, history repeats itself as [...]
Private bank Raphaels fined £1.89m for failures that left customers cashless on Christmas Eve May 30, 2019 Private bank Raphaels has been fined £1.89m for poor controls over its outsourcing arrangements. The 230-year old bank was fined £775,100 by the Financial Conduct Authority (FCA) and £1.1m by the Prudential Regulation Authority (PRA) in connection with the failings between April 2014 and December 2016. The weaknesses in its systems came to light on [...]
Online harms proposals will damage UK tech sector, tech giants warn May 30, 2019 Government plans to crack down on social media firms over the growing problem of online harms are unclear and will damage the UK’s digital sector, tech giants have warned. A scathing new report, seen exclusively by City A.M. and authored by the Internet Association (IA), which represents online firms including Google, Facebook and Twitter, has outlined a string [...]