Photo-Me issues profit warning as Brexit uncertainty takes its toll on orders April 3, 2019 Photobooth firm Photo-Me has warned its full-year profit will be lower than expected due to a slowdown in consumer activity amid Brexit uncertainty. The firm said it expects to snap up a pre-tax profit of £42m for the year to the end of April, slightly below its previous guidance of £44m, sending its shares down [...]
The European Union is on the backfoot, but few seem to notice April 2, 2019 There is a very bad habit that many of our broadcasters have of focusing on what might befall us. It reminds me of Frankie Howerd in Up Pompeii bemoaning “woe is me, woe is me” – as if he might warn his master against leaving the Empire without a deal. It would be refreshing were there [...]
Brexiter fury as Theresa May seeks deal with Labour on EU withdrawal April 2, 2019 Theresa May has ignited a furious war with her own party as she announced a plan to work with Labour leader Jeremy Corbyn to deliver a soft Brexit. Conservative MPs claimed she had “handed control to a man who is not fit to run a whelk stall" as she called for talks with Corbyn to strike [...]
Emmanuel Macron: EU will not be held hostage by Brexit crisis April 2, 2019 French president Emmanuel Macron has warned the UK the EU will not be held “hostage” over the continuing Brexit stalemate. Speaking in Paris, Macron repeated the conclusions of the last EU summit that if the UK cannot present an alternative Brexit strategy by April 12, it will leave the bloc without a deal. Standing alongside [...]
Ford’s British operations hang in the balance as no-deal Brexit looms large April 2, 2019 Ford has delivered the latest warning for the UK car industry after Brexit, saying it has yet to decide on its longer-term plans in Britain. The second-biggest US car maker said this morning it was already spending tens of millions of euros preparing for a possible no-deal scenario, in which case it would have to [...]
Yougov credits US demand as revenue and earnings rise as CEO reveals five-year plan April 2, 2019 London polling firm Yougov saw revenue and profit soar in the six months to the end of January thanks to a growing international market and an increased focus on its custom research services. The figures Revenue rose 18 per cent year on year to £66.5m over the half-year. Adjusted profit before tax grew 28 per cent year on year to [...]
UK M&A slumps in first quarter as Brexit uncertainty lingers April 2, 2019 The value of UK M&A has slumped this quarter as Brexit uncertainty lingers, however, tech deals have grown to the highest year-to-date level in at least 18 years. A total of 27.4bn has been spent on UK assets so far this year, representing a 1.9 per cent decrease compared to the fourth quarter of 2018. [...]
MPs to vote on forcing Theresa May to ask for longer Brexit delay April 2, 2019 MPs are set to create a law forcing Theresa May to ask for a delay to Brexit. Read more: UK ‘risks trashing relationship with Europe’ over Brexit A cross-group of parliamentarians, including Conservative Sir Oliver Letwin and Labour’s Yvette Cooper, will on Wednesday bring forward a bill instructing the Prime Minister to request an extension [...]
UK risks ‘trashing relationship with Europe’ over Brexit, says Siemens boss April 2, 2019 Britain is at risk of ruining its “fabulous” relationship with Europe due to the crisis over its failure to secure a Brexit deal, the Siemens chief executive has said. Jurgen Maier, the UK boss of the German manufacturing giant, urged MPs to reach an agreement, warning of the impact on business if the UK crashes [...]
Cabinet prepares to meet as Michel Barnier warns no-deal Brexit ‘more likely’ April 2, 2019 Ministers are preparing for a five-hour cabinet marathon this morning after MPs again failed to agree a way forward on Brexit. Read more: Brexit deadlock: Parliament fails to agree new strategy Meanwhile Michel Barnier, the EU’s chief Brexit negotiator, warned that a no-deal Brexit “becomes day after day more likely” as the UK’s extended deadline [...]
