European stocks were under pressure on Thursday after a political stand-off between the US and China cast severe doubt over prospects of a trade deal. Equities dropped for a fourth straight day as the mixed headlines on the US-China front muted investors’ appetite for risk. However, European markets closed off …
Read More »Royal Mail shares sink as it warns on outlook
Shares in Royal Mail have tumbled despite the group posting its strongest UK sales at the half-year stage in five years, after it warned on outlook and admitted its transformation plan was behind schedule. Royal Mail: new postboxes for parcels Economic and political uncertainty in the UK has resulted …
Read More »UPDATE 1-UK budget deficit hits 5-year high, before election give-aways
* October deficit up 26% to 11.2 bln stg, above all forecasts * Year-to-date borrowing higher than for all of 2018/19 * Conservatives and Labour make big election spending promises (Adds detail) By David Milliken and William Schomberg LONDON, Nov 21 (Reuters) – Britain ran a much bigger budget deficit …
Read More »Royal Mail shares slump as it warns restructuring plans are behind schedule
NewsBusiness Postal group also warns investors the UK business could lose money next year Thursday, 21st November 2019, 2:16 pm Updated Thursday, 21st November 2019, 2:17 pm The firm updated investors a week after it secured an injunction to block postal workers from taking part in strike action. (Photo: Reuters/Phil …
Read More »Lily Allen sheds tears over Jeremy Corbyn’s Labour manifesto
Millionaire popstar Lily Allen reacted to today’s unveiling of the Labour Party general election manifesto by ‘welling up’ in a bizarre video which sparked ridicule after she posted it on Twitter. With tears streaming down her cheeks, the supposedly sobbing singer tweeted a clip of herself struggling to contain her …
Read More »FTSE falls as trade view deteriorates; Royal Mail sinks
The main index shed 0.7pc as financial stocks and oil firms dropped amid a fresh row between the two countries after US legislation. The mid-cap FTSE 250 slid 0.8pc, as Royal Mail’s plunge more than offset a 6pc rise in Direct Line. London’s FTSE 100 fell further on Thursday as …
Read More »PIERS MORGAN: Prince Andrew should lose ‘HRH’ as Diana did
‘Can a royal be fired?’ an American friend asked me yesterday morning as the Prince Andrew scandal roared across the pond. ‘Not really,’ I replied. It turns out I was wrong: they can. Last night, Andrew was sensationally dismissed from public life by his own mother, the Queen. It marked …
Read More »Corbyn launches Labour’s most leftwing manifesto in generation
British Labour leader Jeremy Corbyn unveiled the party’s most leftwing election manifesto in a generation on Thursday including a pledge to increase taxes by £82.9billion (€97bn) a year with the vast majority falling on big business and the wealthy. The party’s manifesto, unveiled at an event in Birmingham, promises a …
Read More »Labour eyes ‘radical’ plan for companies
Image copyright AFP Image caption Shadow chancellor John McDonnell wants to reward workers better Labour’s manifesto is one of the most radical proposed overhauls of the way companies are owned and run in decades. Plans to nationalise the big six energy firms, the national energy grid, the rail and water …
Read More »Labour Party manifesto 2019: 12 key policies explained
The Labour Party has launched its 2019 election manifesto, with the slogan It’s Time For Real Change. It sets out the polices the party aims to introduce should it win the election. The full document runs to 105 pages. But what are the promises that will grab the public’s attention, …
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