Tui avoids market turbulence to fly through summer despite UK heatwave September 27, 2018 Tui has avoided the market turbulence caused by the UK heatwave and flown through the summer with customer volumes up 4 per cent. The travel group said it expected a fourth consecutive year of double digit growth ahead of its full year results in December, re-iterating its 10 per cent growth guidance. Earlier this week [...]
Women’s fashion retailer Bonmarché shares collapse as it warns on profits September 27, 2018 Women's fashion retailer Bonmarché's shares plunged 20 per cent in early morning trading after issuing a profit warning today, blaming weak high street demand and a lack of footfall. The company said its online sales continued to grow strongly but that sales in store have dipped in recent months. Underlying profits for the full [...]
Digital banking firm FairFX enjoys 100 per cent profit rise despite weak pound and hot summer September 26, 2018 Digital banking provider and currency exchange FairFX has reached its one millionth customer and reported turnover of £1.1bn despite a weak pound and hot UK summer. The e-banking specialist, whose rivals include Monzo and Starling, enjoyed a 100 per cent increase in profit to £9.7m for the six months to 30 June. The company [...]
Funding Circle cuts price range for IPO with valuation set for £1.5bn September 26, 2018 Peer-to-peer lending platform Funding Circle has cut the price range for its initial public offering (IPO), according to a bookrunner on the deal. The London-based fintech firm had set a price range of 420p to 530p per share but it has now tightened the range to 440p to 460p per share. Books are set to [...]
Oil price rally cools but war of words intensifies as Iran and Trump exchange jibes September 26, 2018 The oil price rally has cooled off after the US said it would ensure the market was well supplied before imposing sanctions on Iran and Donald Trump continued his attacks on Opec. Brent Crude Oil dropped to $81.62 per barrel on Wednesday from a four-year high of $82.55 the previous day – WTI Crude [...]
Mitie shares fall as outsourcer predicts lower profits in “highly competitive” industry September 26, 2018 Shares in outsourcing provider Mitie dropped this morning after the company reported slightly lower profits and warned the industry was “highly competitive”. Mitie said profits would be flat to slightly down on the previous year as it continued to invest in its technology-based services, with revenue growth up 2-3 per cent for the first [...]
William Hill agrees partnership to target US state sports betting deals September 26, 2018 William Hill has agreed a multi-year partnership with US gaming giant IGT in a bid to secure sports betting deals with state lotteries. The pair have already secured a contract to run sports betting for the Rhode Island Lottery and hope IGT's sports betting platform, along with William Hill's mobile offering and expertise, will lead [...]
Turkish courts will decide the fate of American pastor at centre of US spat, Erdogan says September 26, 2018 President Tayyip Erdogan has said the courts, not politicians, will decide the fate of an American evangelical pastor at the centre of a diplomatic spat between the US and Turkey. Andrew Brunson, detained on terrorism charges in Turkey, could be jailed for up to 35 years if found guilty. Brunson's detention and subsequent house [...]
Europe’s capital market must become ‘more resilient’ after Brexit, stock exchange report finds September 25, 2018 Europe's capital markets must become “stronger and more resilient” after Brexit to realise the economic potential of the continent's businesses, a London Stock Exchange report has found The stock exchange has identified the 1000 fastest-growing high-growth potential firms in Europe in a bid to inspire other businesses and entrepreneurs. The top 100 firms have [...]
Aquis Exchange grows market share and revenue as it disrupts European trading market September 25, 2018 Pan-European share trading platform Aquis Exchange increased revenue by 54 per cent in its first results since listing in London earlier this year. The subscription-based equities exchange has also reached a 3 per cent share of the European continuous trading market and told City A.M. it was aiming for “significantly higher” as it looked [...]
