British combined infrastructure deals value in 2018 still one of Europe’s best, despite flat growth January 24, 2019 Britain’s infrastructure investment market was flat in 2018, but still remained one of the strongest in Europe, according to research. The standout performance comes despite the abolition of the private finance initiative (PFI) model of funding infrastructure in chancellor Philip Hammond's October budget, as well a decline in public and political sentiment in infrastructure investment, [...]
Business lender Iwoca gets a helping hand with £7.5m from London fund Augmentum Fintech January 24, 2019 Small business lending challenger Iwoca is planning to close its next funding round within weeks, as the first stage of investment is revealed. London-listed fund Augmentum Fintech has plugged £7.5m into the round, which City A.M. understands to be part of a much larger series D raise to be announced in early February. A representative for Iwoca declined [...]
British Airways-owner International Airlines Group rules out new bid for Norwegian Air January 24, 2019 British Airways owner International Airlines Group (IAG) will not make an another offer to buy Norwegian Airl and announced it will sell its remaining stake in the company. Norwegian’s share price fell as much as 26 per cent – the lowest level since 2012 – on the news that a potential deal is off the table. [...]
Shares plunge in listed law firm Gordon Dadds following £10m placing January 24, 2019 Shares in listed law firm Gordon Dadds plunged nearly 25 per cent today after it announced a £10m share placing. The firm said the accelerated bookbuild was successful and oversubscribed, conditional on the passing of a placing resolution at a general meeting and the admission of the shares to the Aim market. The firm’s share price [...]
Second referendum plan pulled by MPs as they blame Jeremy Corbyn for a lack of support January 24, 2019 MPs campaigning for another EU referendum have dropped plans to push for a Commons vote on the plan, blaming Jeremy Corbyn’s lack of support. A cross-party group, led by Conservative MP Sarah Wollaston, used a press conference outside Parliament to announce a proposed amendment to Theresa May’s Brexit motion had been abandon. The amendment, which [...]
Hyundai hit by first quarterly losses since 2011 as China market fails to drive sales January 24, 2019 South Korean car maker Hyundai suffered its first quarterly loss since 2011 in the final three months of last year. The firm’s sales slumped in China, its biggest market, where car sales contracted for the first time in more than 20 years in 2018 as the effects of trade tariffs and the phasing out of [...]
Former Scottish first minister Alex Salmond charged with attempted rape and sexual assault January 24, 2019 Former Scottish first minister Alex Salmond has said he is innocent after appearing in front of an Edinburgh court on rape charges. The SNP politician, who was charged with two counts of attempted rape, faces a further nine counts of sexual assault and two of indecent assault. The charges also include one count of breach [...]
Former Scottish first minister Alex Salmond says he is ‘innocent of any criminality’ outside Edinburgh court January 24, 2019 Former first minister of Scotland Alex Salmond proclaimed his innocence today as he spoke to reporters after appearing in front of an Edinburgh court. "Let me say at the outset, I am innocent of any criminality whatsoever," Salmond said. “I refute absolutely these allegations of criminality and I will defend myself to the utmost in court.” [...]
Tesco and Carrefour to trial refillable container scheme in bid to cut waste January 24, 2019 Supermarket giants Tesco and Carrefour are set to trial a refillable container scheme in a bid to cut waste created by excess packaging and single-use containers. The French and British retailers have teamed up with a coalition of major consumer product companies to pilot a new service to provide online shoppers with refillable containers. Read [...]
Renault names new chairman and chief executive following Ghosn resignation January 24, 2019 Renault has named its new chairman and chief executive following a board meeting just hours after the resignation of Carlos Ghosn. The French car manufacturer named former Michelin head Jean-Dominique Senard as chairman and interim boss Thierry Bollore as chief executive. Read more: Carlos Ghosn resigns from Renault amid financial misconduct scandal The appointments mark a separation [...]