The Mail 29/01/20 | Vox Markets

The Mail 29/01/20

Consumer goods manufacturer PZ Cussons (PZC) says ‘challenging market conditions’ have caused half-year revenues to decline by £9.5million. The Imperial Leather brand owner also registered a 13 per cent fall in operating profits in the six months to 30 November 2019.

Apple’s rumoured iPhone SE 2 could be delayed and production on the iPhone 11 scaled back due to the impact of the deadly coronavirus on supply lines in China. 

A former TalkTalk Telecom Group (TALK) executive suing the telecoms giant under the equal pay law today described her redundancy from the company as a ‘sham’. Rebecca Burke, 43, of Yately, Hampshire, was paid a basic salary of £110,000 as she helped lead the firm’s cyber security programme after a high-profile data breach.

Over 50s’ firm Saga (SAGA) has seen under-pressure shares sail higher as the cruise specialist said profits remain on track in spite of a £4million hit from the collapse of Thomas Cook.

Wonga mis-selling victims to find out compensation figures in days. Almost 390,000 people who successfully complained about unaffordable loans from collapsed payday lender Wonga will soon find out their compensation.

Ryanair  Ryanair Holdings (RYA) has warned pilots of possible base closures and job cuts as the date for delivery of its first 10 Boeing 737 MAX jets slipped into the autumn, Reuters has reported.

 Sainsbury (J) (SBRY)‘s Coupe denies his exit is down to botched merger with Asda. The departing boss of Sainsbury’s has denied that his exit was prompted by the botched merger with Asda as he said it was ‘absolutely’ his choice to leave the supermarket.

Virgin Money UK PLC (VMUK)  saw mortgage lending fall to £59.6billion from £60.1billion in the previous quarter but its business loans and personal lending divisions grew by about £200million each in the last quarter, it said today.

Just Eat (JE.) has struck a deal with McDonald’s to become its ‘second exclusive delivery partner’ in the UK after Uber Eats. The move follows a similar deal with Greggs announced last week as the delivery group ramps up its growth plans and targets the biggest names in fast food.

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Mentioned in this post

JE.
Just Eat
PZC
PZ Cussons
RYA
Ryanair Holdings
SAGA
Saga
SBRY
Sainsbury (J)
TALK
TalkTalk Telecom Group
VMUK
Virgin Money UK PLC

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