Profits plunge by over a third at Danske Bank as customers close accounts after scandal April 30, 2019 Profits at under-fire Danske Bank plunged this quarter as the Danish bank continues to deal with fallout from a money-laundering scandal which shook it to its core. Net profit fell 39 per cent year-on-year in the first quarter of 2019, to 3bn Danish krone, as the bank faced higher expenses and impairments. Read more: EU [...]
Theresa May faces fresh coup attempt as grassroot Tories force emergency summit April 30, 2019 Prime Minister Theresa May is facing a fresh leadership challenge after grassroot Tories forced an emergency meeting to vote on whether to demand her resignation. May will appear in front of 800 constituency chairmen and senior activists, who will vote on whether to demand she steps down over her failure to deliver Brexit, The Sun [...]
BP profits drop but beat expectations as weaker oil prices squeeze margins April 30, 2019 BP saw profits sink in the first quarter of 2019, blaming weaker oil prices and squeezed margins, but the oil giant still managed to beat expectations. Read more: Equinor joins Shell and BP on climate change after investor pressure The figures Underlying replacement cost (RC) profit for the three months to the end of March [...]
Restructuring and foreign currency headwinds hammer Santander profits April 30, 2019 Santander saw profits fall by a tenth as the Spanish banking giant kicked on with a major restructuring in the UK and Poland. Read more: Santander and Barclays face lawsuits over film financing schemes The company was also hit by high inflation in Argentina which hampered earnings further, despite customer growth across its core markets [...]
Consumer confidence remains steady amid Brexit carry-on, survey shows April 30, 2019 Britons were more positive about the future economic situation in April than they were in March, but are putting off major purchases amid financial and political uncertainty, a new study has today shown. Read more: CBI: UK retailers enjoy rising sales for the first time in five months Meanwhile, fewer people in the UK were positive [...]
Go to Venezuela and see the humanitarian crisis, Colombian ambassador urges Maduro’s UK backers April 30, 2019 UK backers of Venezuelan dictator Nicolas Maduro should visit the South American country to see the reality of the devastating economic mismanagement which has forced millions to flee their homes, according to the Colombian ambassador to the UK. Read more: Venezuela's Maduro calls for gold held in Bank of England to be returned In an [...]
British car manufacturing falls for tenth straight month April 30, 2019 British car manufacturing fell 14.4 per cent in March, its tenth straight month of decline. There were 126,195 vehicles built in March according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Read more: Government laments 'devastating' Honda decision to close Swindon plant Output for export fell 13.4 per cent as [...]
City Moves for 30 April 2019 – Who’s switching jobs at Harworth, Oaknorth and Alvarez & Marsal? April 29, 2019 Today's City Moves includes Harworth, Oaknorth and Alvarez & Marsal. Harworth Land and property regenerator Harworth has announced that Ian Ball will be made its first ever chief operating officer on 1 May to support the ongoing growth and evolution of its business. This role will provide additional oversight over the business’ new regional operating [...]
UK the third-most popular investment destination globally April 29, 2019 The total value of foreign investment stock in the UK increased five per cent to $1.9 trillion (£1.5 trillion) by the end of 2018, figures released today by the Organisation for Economic Co-operation and Development (OECD) show. The figures confirm the UK is the leading destination for foreign direct investment in Europe, and the third [...]
Boeing boss says he will salvage the company’s battered reputation April 29, 2019 Boeing chief executive Dennis Muilenburg promised to win back the public’s trust at the company’s annual meeting tonight, following two fatal 737 Max crashes. Muilenburg faced a grilling from investors over the twin disasters and also saw off a shareholder motion to split his chairman and chief executive roles. The company has been plunged into [...]