Apple beats profit and revenue estimates to defy coronavirus fears January 28, 2020 Apple reported earnings and revenue above Wall Street estimates tonight, proving its streak of success had continued to rise during the crucial Christmas trading period. The iPhone creator reported earnings of $4.99 per share for the three months to the end of December 2019, above estimates of $4.55 per share. It marked a record profit [...]
Over 100,000 Royal Mail workers to vote on strike action August 22, 2019 More than 100,000 Royal Mail workers are set to be balloted on taking industrial action over issues including job security and employment conditions. The Communication Workers Union (CWU), which announced the ballot, had accused Royal Mail of not honouring the “spirit and intent” of an agreement earlier this week. In a tweet announcing the ballot, [...]
Eddie Stobart agrees £55m rescue deal as losses mount up November 15, 2019 Eddie Stobart has issued a warning to shareholders that its expected losses for the six months ending 31 May stand at more than £12m. The British haulier delayed the publication of its results after undertaking a review of its accounts following the discovery of a £2m error in its 2018 results. The company’s shares were [...]
Supermarket chain Iceland takes a hit as insurers freeze out suppliers October 20, 2019 Suppliers to supermarket chain Iceland are said to have had their insurance cover cut amid concerns about the impact of Brexit on the company’s supply chain. Paris-based insurer Euler Hermes reduced the credit cover it provides to Iceland’s suppliers over the summer, while rival Atradius is also mulling a possible cut, the Sunday Times reported. [...]
Gold is the new gold: Why the safe haven investment could shine in 2020 January 18, 2020 The start of 2020 has certainly been a rude awakening for traders returning to work after the Christmas break. Oil prices spiked after the US assassination of Iranian general Qasem Soleimani ignited tensions in the Middle East. Equities were shaken, and investors flocked to safe haven assets in a bid to shelter from the storm. [...]
Til divorce do us part: advice for couples considering separation January 16, 2020 Christmas is meant to be a relaxing time, but for many people it’s also a period of stress, tension, and tribulations — especially for married couples. The financial burden of the holidays plus the pressure to have a “perfect Christmas” and the familiar strain of dealing with in-laws can lead to squabbles and even full-blown [...]
Asda employees stage fresh protests over contract changes September 16, 2019 Asda employees are protesting across the country over the implementation of a controversial new contract. Protests will take place at nine stores today, including in Leeds, Glasgow and Nottingham, after GMB union members staged demonstrations across the country earlier this month. Read more: Asda under pressure as workers stage nationwide protests Workers have raised concerns [...]
JD Sports may have to sell off Footasylum, says CMA February 11, 2020 Shoppers could be worse off online and in store if JD Sports’ acquisition of Footasylum goes ahead, the UK’s competition watchdog found today. The Competition and Markets Authority (CMA) warned the merger could lead to fewer discounts and worse customer service, as well as less choice in its preliminary ruling. “We’re currently concerned that shoppers [...]
The emerging hipster capital of Germany, Leipzig’s history is rooted in revolution November 15, 2019 Look down on the quietly affluent pedestrianised streets of central Leipzig from the unparalleled heights of the Panorama Tower, and you would probably never guess that this is a city where the death knell was rung on the Cold War division of Germany. But this year Leipzig commemorates 30 years since a series of demonstrations [...]
Near-miss: Passenger jet ‘narrowly avoided’ hitting drone at Gatwick airport in April August 28, 2019 An Airbus passenger jet carrying as many as 186 passengers was forced to take evasive action to avoid a drone as it approached Gatwick airport, it has emerged. The airliner was flying at 518 metres towards the West Sussex airport on 28 April when the pilot saw a dark-coloured drone and made a banking turn [...]