Ryanair cabin crew unions threaten more strikes later this month September 7, 2018 Unions representing Ryanair staff across Europe have threatened to strike later this month unless the airline agrees to change working conditions. Seven unions representing mostly cabin crew in Italy, Belgium, Portugal, Spain and the Netherlands said they would make a decision on whether to strike by 13 September – after meeting in Rome on Friday [...]
Don’t hold your breath for an easy fix to the US-China trade spat February 13, 2019 Towards the end of last year, my investment manager sent out a note predicting that the US-China trade spat would be resolved and that markets would rise as a result. I responded by saying that it was unlikely to happen, and that I personally preferred an investment portfolio that was very underweight in companies whose [...]
Sirius Minerals signs Brazilian supply deal for its Yorkshire mine September 17, 2018 Sirius Minerals has signed a new supply deal in Brazil for its Yorkshire mine as it continues to recover from soaring project costs. The company's shares tumbled more than 18 per cent earlier this month when the miner said it may need an extra $600m (£456m) to construct its mine under the North York Moors. Last [...]
Sirius Minerals signs Brazilian supply deal for its Yorkshire mine September 17, 2018 Sirius Minerals has signed a new supply deal in Brazil for its Yorkshire mine as it continues to recover from soaring project costs. The company's shares tumbled more than 18 per cent earlier this month when the miner said it may need an extra $600m (£456m) to construct its mine under the North York Moors. Last [...]
Mitie sheds pest control business amid efforts to restructure October 1, 2018 Outsourcing group Mitie revealed plans to offload its £40m pest control business this morning, as it ramps up efforts to restructure the business in the wake of several profit warnings. The FTSE 250 firm said it would sell its pest control arm to business services giant Rentokil Initial as it seeks to plough more of [...]
How to build an investment income generating machine February 28, 2019 By Jemma Jackson from interactive investor. As we celebrate 20 years of ISAs, we reveal how patient investors can construct a lucrative portfolio. The launch of ISAs in 1999 did not get off to an auspicious start, being swiftly followed by the dotcom bust between March 2000 and March 2003. Indeed, the last two decades [...]
Interserve improves investor stake in rescue deal as losses narrow to £111m February 27, 2019 Interserve shares fell 14 per cent this morning as it updated its rescue refinancing deal to hand more control to shareholders, as well as confirming 2018 losses of £111m. The troubled outsourcer will hope the concessions are enough to change the minds of directors at its rebellious lead shareholder, US hedge fund Coltrane Asset Management, [...]
Tesla raises fears over China tariffs despite beating Model 3 delivery targets October 2, 2018 Production of Tesla cars reached a record high in the last quarter, but the firm remained hesitant of future success in China as a result of 40 per cent tariffs imposed on automotive imports from the US. The electric vehiclemaker said it produced over 80,000 cars in the third quarter, while deliveries to customers reached [...]
German industry lobby group warns of hard Brexit risks October 9, 2018 The head of an influential German business lobby group warned today that Europe could slip into a “huge crisis” in the event of a hard Brexit. Managing director of the BDI industry association Joachim Lang told a news conference in Berlin today that a breakthrough in Brexit negotiations was needed at the upcoming European Union [...]
England housing stock increases but housebuilders still fall short of target November 15, 2018 The number of new homes completed in England in the last year reached its highest level in a decade, but growth has plummeted as Brexit uncertainties take hold. Just over 222,000 more homes were added to England’s housing stock in 2017-2018, according to figures released today by the minister of housing, communities and local government (MHCLG). [...]