Clydesdale Bank owner CYBG shares jump as it hits profit after £1.7bn Virgin Money merger May 15, 2019 Clydesdale Bank owner CYBG reported a profit boost in its first set of results since combining with Virgin Money after a “resilient” performance in tough market conditions. Read more: CYBG raises business banking fees weeks after RBS competition fund snub Shares in the bank rose more than seven per cent in early trading after the results [...]
From ticket prices to stellar salaries, you can’t take the economics out of football May 15, 2019 The appearance of Liverpool and Spurs in the Champions League final and Arsenal and Chelsea in the Europa Cup one has generated massive interest. But the official ticket prices for the games are surprisingly reasonable. Liverpool and Spurs have been offered 16,613 tickets each. Five per cent of these are expensive, at £513 each. A further [...]
Off-road: Aston Martin swings to loss but revenue beats expectations May 15, 2019 Aston Martin fell to a £3.2m loss in the first quarter of 2019 even as the luxury car manufacturer boosted production and sales. Read more: Aston Martin falls to loss as it sets aside £30m for Brexit The figures Aston Martin Lagonda took a hit in the three months to the end of March as [...]
Tui losses widen as grounded Boeing planes weigh on travel operator May 15, 2019 Tensions on the Mexican border helped widen losses at tour operator Tui as US customers lost interest in travelling to their southern neighbour. The company downgraded its guidance for the full year, after its Boeing 737 Max fleet was grounded. The figures Losses before income tax grew by 47.5 per cent in the first half [...]
Dyson travels down new path, but are customers on board? May 15, 2019 Plans for Dyson’s “radically different” electric car have been revealed. Founder James Dyson said that the patents were deliberately light on specifics, but hinted towards unusual proportions and off-road potential. Most famous for their vacuum cleaners and fans, this diversion into the motoring industry is a bold move. James Dyson explained the concept in a [...]
One in three female lawyers sexually harassed at work, comprehensive survey shows May 15, 2019 A comprehensive report launched today by the International Bar Association has unveiled the scale of sexual harassment and bullying within the legal sector. The survey of nearly 7,000 lawyers worldwide, found one third of female lawyers had been sexually harassed and one-in-two had been bullied. Read more: Lloyd's of London will ban drunk staff from [...]
City Corporation slammed for decision to ban Taiwan float from Lord Mayor’s show May 14, 2019 The chair of the influential Foreign Affairs Select Committee has accused the City of London Corporation of allowing itself to be pushed around by China after the body banned Taiwan from participating in the Lord Mayor's show. In an unusual move, the City of London Corporation, which governs the Square Mile, went against the [...]
XLN founder weighs selling controlling stake in telecoms firm May 14, 2019 The entrepreneur who founded London-based telecoms services firm XLN is considering selling his controlling stake in the company. Christian Nellemann, who set up the business 17 years ago, is working with bankers at Lazard on an auction process, which could value XLN at more than £250m, Sky News reported. Read more: Revealed: The worst telecoms [...]
Richer Sounds founder hands staff 60 per cent stake May 14, 2019 Employees of Richer Sounds will receive a £3.5m windfall after the entertainment retailer’s founder handed over a 60 per cent stake in the company. Read more: John Lewis considers cutting staff bonus amid profit warning Julian Richer, who founded the company as a teenager in 1978, has placed the shares into an employee ownership trust [...]
Hong Kong Horse Racing Tips: Jockey Purton to prove his Magic again with Legend May 14, 2019 FOLLOWING the trainer-jockey partnership of John Moore and Zac Purton in Hong Kong has been a licence to print money at times this season. They have combined on 48 occasions, with an incredible record of 20 winners and nine places. At Happy Valley this afternoon, the combination will be looking to improve on that already [...]