Blackrock warns stewardship code could prevent UK listings May 29, 2019 Blackrock, the world’s biggest asset manager, has warned that proposed changes to disclosure rules could deter companies from listing in London. Responding to a Financial Reporting Council (FRC) consultation on its stewardship code the New York-headquartered firm said heightened disclosure rules could prevent private discussions that are “necessary to support effective dialogue”. Read more: Blackrock [...]
Long commutes cost UK businesses 20m days of staff productivity May 29, 2019 Long commutes cost UK businesses an estimated £5.3bn a year, which is equivalent to 20m days worth of lost productivity, according to data released today. Read more: Here's how much a long commute impacts on your productivity and health British people spend more than 360 hours per year commuting to work, which equates to more [...]
Parcel bombs found at London airports and Waterloo station linked to devices sent to British Army in 2014 May 29, 2019 Parcel bombs that were found at Heathrow and London City airports as well as Waterloo station have been linked to those sent to army careers offices in 2014. Police have said the packages, which were found at the three destinations in March, have links to seven letter bombs sent to the British Army recruitment centres five years [...]
Service sector sentiment and profitability drops as Brexit uncertainty drags on May 29, 2019 Firms across the UK’s service sector have struggled with falling profits, business volumes and sentiment in the last three months as Brexit uncertainty continues to take its toll. Business and professional service companies saw profits drop 24 per cent, at the fastest pace since November 2011, while consumer service firms said profitability fell 25 per [...]
Huawei steps up lawsuit against US federal government May 29, 2019 Huawei has today ramped up its lawsuit against the US which argues the ban on the government purchasing its equipment, which was signed by US President Donald Trump in August 2018, is unconstitutional. Read more: China warns of trade repercussions after Huawei ban The Chinese tech giant said it had filed for a motion of [...]
Stobart shares soar 10 per cent after firm gives upbeat outlook despite losses May 29, 2019 Stobart shares have soared by more than 10 per cent this morning following the release of its latest financial results showing promising growth at Southend Airport. Stobart did however see a plunge in its pre-tax profit as it counted the cost of a long legal battle as well as a long list of expensive writedowns. Read [...]
Profits slide at Telford amid housing uncertainty and move into rental market May 29, 2019 Telford Homes has posted a double-digit drop in full-year profits before tax, as a move into less lucrative rental projects and a slowdown in the capital’s property market hit the London-based housebuilder. The developer said margins had been hit by its direction away from traditional private house sales and into the build-to-rent market, as it [...]
From taxes to cats, Theresa May’s government has been an affront to Conservative ideology May 29, 2019 Theresa May has finally announced her resignation. How can we capture the flavour of her tenure in office? This can be found in the dry and measured content of the Economic and Fiscal Outlook from the Office for Budget Responsibility (OBR). The OBR stated in its latest publication in March 2019 that: “the tax receipts-to-GDP [...]
The next Tory leader is doomed before they have even started May 29, 2019 The parties of the Westminster establishment are terrified of us…. The Brexit Party is here to stay and to change politics for good.” With those triumphant words delivered after the European election results, Nigel Farage made public the worst-kept secret in Westminster: that his Brexit Party did not intend to be a one-hit wonder, as [...]
DEBATE: A new review recommends cutting university fees to £7,500 a year – is this a good idea? May 29, 2019 A new review recommends cutting university fees to £7,500 a year – is this a good idea? Matteo Bergamini, founder and director of Shout Out UK, says YES. Lowering tuition fees makes training for your future a little more affordable and provides better value for money. The current £9,000 fees act as a deterrent for [...]