Primera Air customers told not to travel to Stansted airport following airline’s sudden collapse October 2, 2018 Stansted Airport has advised all Primera Air customers not to travel to the airport after the Nordic airline ceased trading yesterday, leaving thousands of passengers and employees stranded. The low-cost Danish airline, which offered cheap flights to the US and Europe from Stansted, Manchester and Birmingham airports, last night ceased operating after 14 years in [...]
Shares in carpet and furniture retailer ScS get a boost as profits rise in full-year results October 2, 2018 Furniture and floorings retailer ScS got a boost to its share price this morning after it reported a strong growth in operating profits in its full-year results. Its share rose 6.5 per cent in early trading after it released the update. Read more: Ted Baker expected to boost revenues despite high street worries The figures In [...]
PwC global chair says firm ‘cannot rest on laurels’ as global revenues pass $40bn October 2, 2018 The global chairman of PricewaterhouseCoopers (PwC) has said audit remains “at the heart of what we do”, after global revenues at the professional services giant rose above $40bn (£30.66bn) for the first time despite a series of accounting scandals. Total revenue across PwC’s international network of firms hit $41.3bn, a seven per cent rise in [...]
The Brolly and the Ivy: New Ivy restaurant prepares to open in Canary Wharf with heist-themed launch October 2, 2018 The latest instalment of Richard Caring’s Ivy Collection has opened for bookings, marked by a theatrical dance stunt themed around heist film The Thomas Crown Affair. Actors in bowler hats twirled umbrellas and danced to mark the upcoming launch of The Ivy in The Park, a new all-day dining brasserie at Canada Square, Canary Wharf, [...]
Revolution Bars shares fall as firm serves up operating loss in full-year results October 2, 2018 Revolution Bars slipped to an operating loss in its full-year results due to exceptional costs caused by "factors outside the company's control". The update hit the company's shares in early trading, as they opened four per cent down in early trading. The figures For the year up to 30 June 2018, like-for-like sales fell 0.6 [...]
UK house prices show modest growth for September October 2, 2018 UK house prices grew two per cent year on year for September, according to new figures released today, but London house prices declined. Homes in the capital fell by less than one per cent compared to the same period of 2017, Nationwide reported today, against a fairly stable picture for the whole of the UK. [...]
Lavazza fills its cup with a multi-million pound coffee deal for Mars Drinks October 1, 2018 Italian coffee maker Lavazza is set to buy the coffee arm of food giant Mars, Mars Drinks, in a deal potentially worth around $650m (£499m). The acquisition, expected to close in December, will see Lavazza take over Mars' tabletop Flavia machines and the Klix freestanding vending machine business. Mars Drinks employs 900 people and turned over approximately $350 [...]
British Business Bank appoints new head of £2.5bn government-owned capital fund October 1, 2018 The British Business Bank (BBB) has appointed Catherine Lewis La Torre as the new head of its commercial patient capital fund. Lewis La Torre will take charge of British Patient Capital Ltd, responsible for investing a £2.5bn government funding package for UK venture and capital growth announced in last year's Autumn budget. The former head [...]
Sam Torrance: Magnificent Europe proved Thomas Bjorn right and the critics wrong October 1, 2018 The American team that touched down in France as hot favourites to retain the Ryder Cup was reckoned to be the best in the competition’s history. They got hammered. And the highest accolade has to go to Thomas Bjorn. Europe’s ice-cool captain got everything right: his wild card picks all justified their inclusion and his [...]
Valencia another hurdle as Jose Mourinho attempts to bail out the rising tides at Manchester United October 1, 2018 What a difference two weeks make. Thirteen days ago Jose Mourinho was reflecting on his side’s 3-0 victory over Young Boys – Manchester United’s biggest away win in the Champions League for five years. The performance, in his own words, was “not phenomenal, but good enough”. How Mourinho longs to make such an assessment of [...]