TfL boss Mike Brown says he will not stand down following calls to quit over Crossrail April 25, 2019 TfL boss Mike Brown has said he will not resign following criticism he "downplayed" the risks to the Crossrail opening date to London mayor Sadiq Khan. Appearing before the London Assembly's transport committee this morning, the TfL commissioner rejected suggestions he should resign. "No, I'm not reflecting on whether I'm fit to be in position," he said. [...]
Competition watchdog kills Sainsbury’s £7.3bn Asda merger: What went wrong? April 25, 2019 Almost a year to the day since Sainsbury’s first revealed that it was in merger talks with Asda, it has all come crashing down. In late April 2018 the two retail giants were losing market share to German discounters Aldi and Lidl, and the threat of Amazon moving into the grocery sector was very real. [...]
Deutsche Bank and Commerzbank merger talks collapse April 25, 2019 Merger talks between Germany’s two largest lenders Deutsche Bank and Commerzbank have collapsed. Deutsche Bank said discussions had been abandoned as there were too many risks attached to the potential merger. The pair began talks last month after the German government, which owns a 15 per cent stake in Deutsche Bank, signalled it would not [...]
Former Nissan boss Carlos Ghosn posts bail again after rearrest in Japan April 25, 2019 Carlos Ghosn is set to walk free from a Japanese jail for a second time since being arrested last year for alleged financial misconduct, after he posted the $4.5m (£3.5m) bail set by a Tokyo court today. Read more: Prosecutors hit former Renault boss Carlos Ghosn with fourth charge The former chairman of Nissan was [...]
Biden his time: Obama’s vice president Joe Biden launches White House run April 25, 2019 Former Democratic US vice president Joe Biden will seek his party’s nomination for President, he confirmed this morning after months of speculation. Biden, who was number two to Barack Obama from 2009 to 2017, embarks on his third run for the White House with a centrist campaign. Read more: Bernie ‘socialist’ Sanders is the Democrats’ [...]
Unilever: Why there’s lots to like about this FTSE 100 star April 25, 2019 | City Talk By Graeme Evans from interactive investor. These first quarter numbers have been well received, and this market favourite still has lots to go for. Unilever (LSE:ULVR) shares surged to within a few pence of a record high last week as first-quarter trading figures heightened focus on whether this defensive and reliable dividend payer can offer [...]
Extinction Rebellion: Climate change protesters target London Stock Exchange and Canary Wharf station April 25, 2019 Climate change protesters glued themselves to the London Stock Exchange this morning as they target the City of London in their last day of activism after two weeks . A string of seven Extinction Rebellion protesters have blocked the entrance to the exchange, with campaigners dressed in what they described as “Robocop-style” masks with the [...]
The worst may still be yet to come for Boeing, after it takes a $1bn revenue hit from 737 Max disasters April 25, 2019 Describing Boeing’s past two months as “turbulent” is both a cliche and an understatement. It's found itself at the centre of not one but two aerospace disasters and its mighty brand now risks becoming synonymous with aviation risk. This is intensely dangerous territory for the world's largest commercial aircraft manufacturer. Worse still, as Boeing's boss [...]
Tory MPs decide against party rule change to oust Theresa May April 25, 2019 Influential Tory MPs have decided against a party rule change that could have forced Theresa May out as Prime Minister. The 1922 committee of Tory MPs had been meeting over the past couple of days to mull changing rules that would have allowed another leadership challenge against May despite her winning a vote of no [...]
RPC Group clears another hurdle to selling company to Berry Global as EU regulators approve £3.3bn deal April 25, 2019 Packaging giant RPC Group has taken a step closer to tying up its sale to US counterpart Berry Global, after the European Commission cleared the acquisition yesterday. Read more: Berry Global snatches RPC buyout from private equity firm Apollo Regulators ruled that the £3.3bn takeover “would raise no competition concerns given the limited horizontal overlaps [...]