Bank of England deputy governor pushes for EU and UK commitment to Brexit transition by Christmas October 4, 2017 The Bank of England’s deputy governor will tonight urge UK and EU politicians to agree transitional arrangements for financial services by Christmas, as regulators push for continued close cooperation after Brexit. Sam Woods, who leads the Prudential Regulation Authority (PRA), is expected to warn that firms will be forced to start putting their plans for [...]
Arsenal chief executive Ivan Gazidis: Gunners will bounce back from Everton and Manchester City defeats to challenge for title December 22, 2016 Arsenal chief executive Ivan Gazidis believes the Gunners will be in the title race right to the end, despite slipping nine points behind league leaders Chelsea last weekend. After slipping to consecutive 2-1 defeats at Everton and Manchester City, Arsene Wenger's men have fallen to fourth, just one point above local rivals Tottenham. But writing to shareholders in [...]
Households could start 2017 hundreds of pounds worse off by not switching deals before dozens come to an end December 19, 2016 UK households could be starting 2017 more than £250 worse off when dozens of fixed dual fuel energy tariffs finish at the end of this month, GoCompare Energy has warned. At the end of the month, 35 fixed dual gas and electricity tariffs from some of the country's leading suppliers are due to terminate, 33 of [...]
Winners and losers from retail’s “Super Thursday” January 12, 2017 So many retailers decided to update the market on trading today that Shore Capital analysts published a note to complain about it. But as the morning has progressed, clear winners and losers have emerged from the data deluge. Here are our picks: Winners JD Sports put its gymwear rival Sports Direct to shame today as it scored [...]
Amazon’s Alexa totally infiltrated CES this year January 5, 2017 Amid gimmicky gadgets that may never make it to the shelves (smart whistle, anyone?) Amazon's Alexa artificial intelligence voice assistant has stealthily become the stand out winner of the Consumer Electronics Show. The technology which first appeared in Amazon's own smart home speaker Echo and Echo Dot made surprise appearances almost everywhere, from fridges and cars to robots and baby monitors. [...]
Shares in Fever-Tree are sparkling as City analysts say the company has more room to grow January 24, 2017 Shares in posh tonic maker Fever-Tree shot up more than seven per cent in morning trading as the company's chief executive Tim Warrillow told City A.M. the brand is still “very early on” in its growth. The figures In a trading update the brand said its full-year like-for-like sales were expected to rise 75 per cent from the previous year, [...]
Fortnum & Mason announces record results with sales and profit up December 5, 2016 Luxury retailer Fortnum & Mason has announced record sales and profit growth of more than 25 per cent for the third year in a row, and revealed that it has increased trading with domestic UK brands over the past 12 months. The iconic British brand reported profits of £6.2m, up 27 per cent compared to [...]
New forecasts show need for Heathrow expansion ‘greater than originally thought’ with London’s main airports to be full in a decade October 24, 2017 The government said today the need to expand Heathrow is “greater than originally thought” and its timeline remains on track, despite the launch of a new consultation. Transport secretary Chris Grayling said updated aviation demand forecasts reveal that the need for more runway capacity is “even greater than originally thought”. He said: They show that [...]
Morrisons reported strong Christmas trading numbers this morning – here are the best reactions January 10, 2017 Morrisons is having a lovely morning, with shares up four per cent on news that the supermarket's sales growth over the Christmas period was at its strongest for seven years. The group reported a 2.9 per cent jump in like-for-like sales excluding fuel, and said Morrisons.com had achieved its biggest ever week for sales in [...]
Southern rail commuters offered a Christmas windfall December 2, 2016 Over 84,000 Southern rail commuters will be offered a Christmas windfall following months of disruption. Southern's parent company, Govia Thameslink Railway, and the government are attempted to appease long-suffering passengers on the beleaguered line. Read more: Govia launches legal action against Aslef union to stop industrial action Season ticket holders on Southern will be able [...]