Boris Johnson denies being shut out of top secret meetings as foreign secretary July 5, 2019 Boris Johnson has denied claims he was frozen out of sensitive security meetings when he was foreign secretary, saying: “It’s not true.” Read more: Boris Johnson backs Hong Kong protestors ‘every inch of the way’ The Tory leadership frontrunner told a hustings in Darlington that he was “extremely dubious about the provenance of this story”. [...]
Deutsche Bank poised to announce huge job losses on Monday July 5, 2019 Deutsche Bank is poised to announce as many 20,000 job losses on Monday, according to reports, so long as its restructuring plan is adopted during meetings over the weekend. Read more: Deutsche Bank restructuring to cost up to €5.6bn Chief executive Christopher Sewing’s turnaround plans for Germany’s biggest lender are set to come to a [...]
UK productivity drops for third quarter in a row as crisis continues July 5, 2019 UK productivity fell for the third successive quarter in the first three months of the year, according to official figures released today, as Britain’s productivity crisis rumbled on. Read more: Urgent action needed to tackle stagnating productivity, economists warn Labour productivity – output per hour worked – fell by 0.2 per cent year on year [...]
Aquis eyes listings as it buys loss-making Nex Exchange from CME July 5, 2019 Aquis Exchange, the London-based trading services group, has struck a deal to buy alternative listing market Nex Exchange for £2.7m. Read more: Ex-Numis boss’s bid to takeover Nex Exchange falls through Aquis will buy the loss-making Nex Exchange, which is also based in London, from the US futures exchange CME Group. It will officially purchase [...]
German malaise continues as factory orders tumble July 5, 2019 Germany’s economic woes continued this morning as official statistics showed new orders in manufacturing plunged by 2.2 per cent in May compared to the previous month. Read more: German think tank says receding manufacturing sector damaging growth The figure was much worse than the 0.1 per cent fall economists were expecting, and raises fresh worries [...]
John Menzies shares plunge after profit warning July 5, 2019 UK aviation services firm John Menzies has said it expects profits for the full year to be lower than the year before, citing challenges in the aviation market. Read more: Boeing 737 Max jet hits fresh setback before test flights In a statement this morning the company said performance for the first half had been [...]
Confidence among UK business leaders falls after months of gains July 5, 2019 UK bosses were markedly more pessimistic about the economy in May than a month earlier, a new survey has shown, ending a trend of rising confidence levels since the start of the year. Read more: UK service sector ‘close to stagnation’ The confidence tracker from the Institute of Directors (IoD), a body for business leaders, [...]
Competition watchdog seeks to find Viagogo in contempt of court July 4, 2019 The UK’s competition watchdog is to launch proceedings to find online ticket marketplace Viagogo in contempt of court, it announced today. Read more: MPs warn consumers against using ticket reseller Viagogo The Competition and Markets Authority (CMA) said the move comes after Viagogo allegedly failed to overhaul the way it presents information on its website [...]
Runners and riders: Who’s in line to take the top job at the IMF? July 4, 2019 George Osborne has become the surprise front-runner to take Christine Lagarde’s old job as head of the International Monetary Fund (IMF) after reports emerged that he was eyeing the role. Read more: George Osborne vying for top role at IMF The post at the international lender of last resort has become vacant after Lagarde was [...]
Amateur hour? The City reacts to Christine Lagarde’s new job at the ECB July 4, 2019 After three long days of horse trading in Brussels, member state leaders on Tuesday plumped for Christine Lagarde to take the helm at the hugely powerful European Central Bank (ECB). Read more: City economists warn Lagarde poses ‘credibility risk’ as ECB chief The decision took many pundits by surprise. Of the names touted to take [...]
