Former Thomas Cook boss says she was forced out over digital direction October 23, 2019 A former Thomas Cook chief executive has said disagreements with the company’s chairman over the future of the company led to her effective dismissal in 2014. Harriet Green told the Business, Energy and Industrial Strategy Committee today she was “incredibly sad” when she was pushed out by former chairman Frank Meysman after three years in [...]
Number of companies entering administration leaps by a third in the third quarter October 22, 2019 The number of companies entering administration jumped by more than a third during the third quarter of the year, analysis published today showed. A study of notices in the London Gazette by accountancy firm KPMG showed a total of 417 companies went into administration between July and September 2019, compared with 310 in the previous [...]
Taking a stand is easy when it doesn’t cost you anything October 11, 2019 DOWNING Street is busy trying to get FTSE chiefs to sign a letter in support of the government’s Brexit position, whatever it may be. Enthusiasm is apparently in short supply, and who can blame business leaders for steering clear of this polarising topic? In this day and age, publicly backing Boris Johnson will trigger a [...]
Eurozone inflation hits three-year low in September October 1, 2019 Inflation in the Eurozone dropped to a three-year low in September due to cheaper energy, official figures showed today, as the European Central Bank (ECB) continues to struggle to hit its price-rise target. Read more: Eurozone manufacturing sector suffers worst month in seven years Yet with energy excluded, inflation edged slightly higher, although it was [...]
EDF warns Hinkley Point may overshoot budget by £3bn September 25, 2019 Britain’s signature new nuclear plant could cost up to £2.9bn more than expected, EDF warned today as it signalled that the chance of a delay to the project has increased. The French energy giant said that the new price for Hinkley Point C is estimated at between £21.5bn and £22.5bn, an increase of £1.9bn to [...]
Uber rival Bolt sees surge in London rides three months after launch September 18, 2019 Ride-hailing app Bolt has boasted that 300,000 Londoners have signed up to its platform in just three months since its summer launch, as it aims to dent Uber’s dominance. The startup, which formerly launched in the UK as Taxify two years ago, has also seen around 50,000 drivers join a waiting list to work on [...]
UK energy suppliers could go bust after Saudi attacks, experts warn September 18, 2019 An attack on Saudi oil facilities might turn the screws on struggling energy suppliers, experts have warned, a year after a winter that felled several smaller firms. More companies might face bankruptcy if they have not bought enough energy in advance to supply their customers through what could be an unusually chilly winter. Read more: [...]
US oil firm Vaalco looking for multi-million pound acquisitions on London listing September 16, 2019 The boss of US oil explorer Vaalco has said the company could quadruple its size through an acquisition as he announced a plan to list in London. Vaalco, which produces 3,664 barrels of oil per day from an oil field in Gabon in West Africa, sees significant opportunities to expand through mergers or acquisitions, chief [...]
US markets fall while oil prices rise after attacks on Saudi supply September 16, 2019 Wall Street fell this afternoon after the weekend’s attack on Saudi crude oil facilities knocked out five per cent of the world’s supply. The attack on the world’s biggest oil exporter boosted oil prices by as much as 20 per cent before they eased off, as US President Donald Trump gave the green light for [...]
European stock markets fall as oil worries shake investors September 16, 2019 European stock markets have fallen this morning as investors sell so-called risk assets following a severe spike in the price of oil due to a drone attack on a Saudi Arabian facility. Read more: Saudi Arabia oil facilities engulfed in flames after drone attacks The attack, believed to have been carried out by Yemen’s Houthi [...]