Shares in telecoms firm Kcom surge as it approves buyout deal April 24, 2019 Hull-based telecoms company Kcom has agreed to be taken over by a pension company for £504m, it announced today. Read more: London-listed broadband firm Kcom sees shares crash after profit warning Shareholders in Kcom will be entitled to receive 97p per share in the company under the terms of the takeover by the Universities Superannuation Scheme [...]
Shares in bellwether company Caterpillar fall following mixed results April 24, 2019 Caterpillar shares fell today after its quarterly results revealed weak sales in the key Asia Pacific region in the first three months of the year. Read more: Caterpillar shares fall on China slowdown prediction Shares in the machinery giant were trading down 2.5 per cent at 5.30pm UK time at $138.63 (£107.17), despite the company’s [...]
Inside Huawei: Spies, spin and billions at stake April 24, 2019 The journey from Paris to Verona takes just two minutes. The small, replica Swiss train trundles past imposing French chateaux and gothic German castles, sliding effortlessly through 12 European cities before ending up, after just under eight kilometres of newly-built track, back in Paris. On Huawei’s new Ox Horn campus, not far from the Chinese [...]
What the next Bank of England governor’s CV needs to look like April 24, 2019 With less than a year until Mark Carney steps down, the government today kickstarted the search for a new Bank of England governor. We’ve already compiled a list of candidates tipped to replace the American when he departs the post in January 2020, but chancellor Philip Hammond has put out a job ad anyway. Read [...]
Extinction Rebellion protests: Police issue warning as eco-activists prepare to target City of London businesses April 24, 2019 Climate change activists are planning to target financial institutions in the Square Mile tomorrow, police have warned. Extinction Rebellion, the eco-activism group, is planning to disrupt roads and the transport network in the City as part of a fortnight of action across the capital. Read more: Police charge 71 in relation to Extinction Rebellion protests [...]
Tory party divided over Huawei’s involvement in parts of 5G network April 24, 2019 Senior Tory MPs have slammed Prime Minister Theresa May’s “short-sighted” decision to allow Huawei to participate in parts of the UK’s 5G network. The Chinese firm will be banned from core parts of the network, but will be allowed to supply equipment to non-core areas such as antennas, despite warnings from UK spooks about flaws [...]
Metro Bank CEO’s pay almost halved after waiving bonus in aftermath of loans blunder April 24, 2019 Metro Bank boss Craig Donaldson saw his pay almost halved last year after waiving his bonus in the wake of a major loans blunder. Read more: Public sentiment towards Metro Bank plunges after accounting error Donaldson was paid £800,000 last year, down from £1.5m in 2017 following the loans error, which is being investigated by [...]
Boeing profits tumble as plane maker works to get grounded 737 Max fleet back in the air April 24, 2019 Boeing has revealed the extent of the financial damage from grounding its flagship plane model across the globe as at least $1bn so far. The world’s biggest plane maker said this afternoon it had suspended its 2019 forecasts as it scrambles to get the 737 Max model back in the air after two deadly crashes [...]
Why playing a different version of ourselves at work can cause stress April 24, 2019 Just be yourself. It’s a mantra that’s been drummed into us since we were kids. Yet when you leave the comfort of home and school life to start your first job, it can feel like a completely different story. People often adjust their personality in the workplace. Sadly, research indicates that over half of employees [...]
House transactions rise in March April 24, 2019 Residential transactions edged up last month, according to new figures from HMRC. Read more: UK household earnings rise at sharpest rate in a decade House deals grew by 1.4 per cent between February and March, while transactions on an annual level climbed 6.8 per cent. What the experts said "These figures show a more resilient [...]