Boris Johnson gears up for war with a cabinet of resurrected soldiers July 26, 2019 They say you can’t make an omelette without breaking some eggs. Apparently, you also can’t build a governmental team capable of taking Britain out of the EU without breaking apart any sense of unity or collaborative sentiment in the Conservative party. Boris Johnson has appointed a cabinet of the living dead, not in the way [...]
The new PM had better deliver on his promise to fix social care July 26, 2019 Talk about bold promises. On the steps on Downing Street, preparing to enter Number 10, the new Prime Minister pledged to “fix the crisis in social care once and for all with a clear plan we have prepared”. Similar to the National Health Service, social care is an area that MPs often struggle to address. [...]
The digital door is always open for Estonia’s e-residents of the world July 26, 2019 There’s something strange about the apps on your mobile phone and desktop computer. Take a look now and see if you can spot what they all have in common. The apps we choose reflect the services that we most value in order to manage our lives, yet almost all of them were created by the [...]
DEBATE: Was the Aston Martin IPO a folly? July 26, 2019 Given the company’s troubles, was the Aston Martin IPO a folly? Neil Wilson, chief market analyst for Markets.com, says YES. Lowering sales guidance less than a year after listing is a crime that many investors would feel warrants some devious Bond-villain style punishment. Aston Martin has gone bust seven times. Investors should be wary of [...]
City Moves for 26 July – Who’s switching jobs at Investec, FSMB and Smiths Group? July 26, 2019 Today’s City Moves includes Investec, FSMB and Smiths Group. Investec Investec Corporate and Investment Banking has announced the appointment of Ajeeth Narayan as global head of Investec Aviation Finance. Mike Francis will be executive lead of the Aviation Finance franchise, and Celia Britt will become chief operating officer. Ajeeth and Mike were two of the [...]
Prime delivery race creates hurdles for Amazon July 25, 2019 Retail giant Amazon disappointed investors and analysts alike tonight, reporting profit for its second quarter well below estimates and breaking its long-running record earnings streak. Profit came in at $2.6bn (£2.1bn), or $5.22 per share, for the three months to the end of June. Analysts were expecting income of $5.57 per share. Amazon also said [...]
Google takes off as revenue tops expectations July 25, 2019 Google parent firm Alphabet reported higher than expected second-quarter profit and revenue tonight, causing shares to jump more than nine per cent after-hours. The healthy picture eased some concerns regarding the growth of Alphabet-owned companies such as Google, Youtube and its cloud computing division, following a heightened focus on competition in the tech sector. Sales [...]
Apple splashes out $1bn on Intel’s chip business July 25, 2019 Apple has snapped up the majority of Intel’s smartphone chip business for $1bn (£800m) as it looks to secure its own supply of the vital iPhone part. Read more: Apple’s tax bill slashed by more than half Around 2,200 Intel workers will move to Apple, who will also acquire intellectual property, equipment and leases relating [...]
Mothercare in talks to spin off struggling UK stores July 25, 2019 Mothercare is set to sell or separate its 79 UK stores as part of the struggling retailer’s ongoing evolution towards an international franchising model. Read more: Mothercare annual loss jumps to £87m, delayed results reveal The retailer for parents and young children is in conversations with prospective groups about the deal, according to Sky News, [...]
Philip Hammond rules out running for Treasury committee chair July 25, 2019 Former chancellor Philip Hammond has ruled out making a bid for the vacant position of chair of the Treasury select committee, City A.M. has learnt. On Thursday evening a source close to Hammond said the former chancellor was contemplating the move, saying: “He hasn’t ruled it out.” However, a spokesperson for Hammond poured cold water on the suggestion, [...]