FTSE 100 dragged down by Brexit delay ahead of general election vote October 29, 2019 The FTSE 100 edged down this morning as Brexit uncertainty lingered over the City. European markets opened flat today, but UK traders took a more cautious approach ahead of another crucial day of voting in Parliament. London’s blue-chip index fell by 0.5 per cent to roughly 7,297 points, while the Dax was down by 0.2 [...]
Bovis Homes faces shareholder backlash over executive pay November 26, 2019 Housebuilder Bovis Homes is facing investor backlash over executive pay proposals as it prepares to approve a £1.1bn takeover of Galliford Try’s residential development arm. A number of institutional investors are preparing to vote against Bovis Homes’ long-term incentive plan (LTIP) and remuneration policy at a shareholder meeting next week, Sky News reported. Read more: [...]
‘We cannot afford another lockdown’: Italy’s cautious return to work May 11, 2020 Italy was the first European country to be hit hard by the coronavirus pandemic and it is now one of the first beginning to ease its draconian lockdown measures to lessen the economic damage of the crisis. Last Monday the country began cautiously moving out of its tough lockdown with factories, building sites and offices [...]
Pearson holds dividend as school closures hit revenue April 24, 2020 Education publisher Pearson today said it will pay out a dividend for 2019 even as the closure of schools and test centres pushed down revenue in the first quarter. The FTSE 100-listed firm reported a five per cent decline in year-on-year revenue in the first three months of the year, which it said was a [...]
UK mortgage approvals rise but consumer lending slows July 29, 2019 Britain’s housing market received a modest lift in June as mortgage approvals increased by more than analysts had expected, Bank of England figures showed today. Read more: UK mortgage approvals hit two-year high following Brexit extension Annual lending growth to UK consumers slowed from 5.7 per cent in May to 5.5 per cent in June, [...]
Gourmet Burger Kitchen widens losses after £16m restructuring hit November 18, 2019 Casual dining chain Gourmet Burger Kitchen (GBK) suffered widening losses last year after taking a £15.7m hit on its restaurant closure programme. The burger restaurant completed a company voluntary arrangement (CVA) during the period, which saw it shutter 24 sites, contributing to a pre-tax loss of £24.3m in the year ended 24 February, compared to [...]
Knot the usual auction: Buyer stumps up $850,000 in rare sneaker sale July 18, 2019 A Canadian entrepreneur has snapped up 99 pairs of the world’s rarest sneakers for $850,000 (£681,000) at an auction in New York. Read more: Sotheby’s wine sales hit £100m in record-breaking year In the first ever auction dedicated to sneakers, businessman Miles Nadal bought all but one pair of limited edition shoes on sale at [...]
Learn how to DIY your decor with these five London interior design courses March 6, 2020 Think of the times you’ve stood in one of your rooms at home that’s driving you mad – is it cluttered, or the paintwork’s dated, or the lighting terrible? Perhaps you’ve just moved and you’ve got a whole house to redecorate? There’s always the big-bucks option of hiring a professional designer. But why not get [...]
Hospitality venues raise the bar as pubs’ re-opening app-roaches July 1, 2020 ‘Two pints of lager and a packet of crisps’: no longer (for the time being, at least) a request delivered while waiting at the bar. Instead, a request delivered electronically by smartphone app from a safe, social distance. Technology’s reach knows no bounds as Britain’s public houses – stereotypically bastions of resistance to digital accoutrements [...]
JPMorgan Chase buys second building in Paris as it shifts teams from London January 20, 2020 JPMorgan Chase today announced plans to buy a building in Paris to house up to 450 more staff. The acquisition of the additional seven-storey building in central Paris is part of a wider move to bolster the bank’s operations in France. JPMorgan Chase plans to move over its sales teams and then its trading operations, [...]