FTSE 250 outsourcer Kier sees shares plummet as it asks shareholders for £264m to slash debt November 30, 2018 Construction services company Kier Group’s share price plummeted to its lowest point for a decade this afternoon as it announced a plan to raise £264m to pay off debts. The FTSE 250 firm said the rights issue would give existing shareholders the chance to buy its stocks for 409p each, a 34 per cent discount [...]
Asda, Sainsbury’s and Morrisons announce plans to cut fuel prices tomorrow November 30, 2018 Three major UK supermarkets have announced cuts to fuel prices today as the wholesale cost continues to decrease. From tomorrow customers at Asda, Sainsbury’s and Morrisons will benefit from 2p per litre discount on unleaded and diesel. Drivers will now pay no more than 116.7p per litre on unleaded and 127.7p per litre on diesel [...]
US, Mexico and Canada sign new trade deal November 30, 2018 The US, Mexico and Canada today signed a new deal governing the more than one trillion dollars (£780bn) worth of trade between the three countries. US President Donald Trump, Canada’s Prime Minister Justin Trudeau and Mexico’s President Enrique Pena Nieto signed the deal known as the United States-Mexico-Canada Agreement today in Argentina at the start [...]
Donald Tusk’s message to MPs: UK cannot renegotiate Brexit deal November 30, 2018 European Council president Donald Tusk ruled out renegotiating Theresa May’s Brexit deal today, saying if parliament rejects the agreement then Britain must either crash out of the EU with no deal or abandon Brexit altogether. “A few days before the vote in the House of Commons, it is becoming more and more clear that this [...]
Ex-Interpol chief expelled from China’s political advisory body after disappearing amid corruption charges November 30, 2018 The former head of Interpol has been expelled from China's top political advisory board, according to state media, due to the corruption case he is facing. Meng Hongwei had his membership revoked yesterday by the National Committee for the Chinese People's Political Consultative Conference (CPPP), whose 2,000-person assembly is tasked with advising the government with policy [...]
Marriott hotel hack: Half a billion customers’ personal information stolen in data breach November 30, 2018 International hotel chain Marriott has been hacked in a security breach affecting an estimated half a billion guests, the company announced today. The data breach affects customers who booked reservations at Starwood properties in the US, and the stolen information includes names, addresses, email addresses, passport numbers, dates of birth and in some cases payment [...]
Rail fare hike: How much your 2019 commute will cost November 30, 2018 Train tickets are set grow even more expensive next year, with fares rising an average of 3.1 per cent in January. The price hike – following a year of frustration for London commuters – has been much criticised, especially as it is tied to the more expensive Retail Price Index, rather than the more commonly [...]
Digital bank Monzo ‘to allow customers to go overdrawn’ to buy shares in £20m crowdfunding round November 30, 2018 Challenger bank Monzo will reportedly allow customers to borrow money to buy shares in its most recent fundraising round. The prospectus for the digital bank’s anticipated £20m crowdfunding lets account holders use their £1,000 overdraft to buy shares, but as shares are not openly traded they cannot then be sold to pay off overdrafts, according [...]
Banking challenger Chetwood builds the world’s first dynamic loan as fintech startups look on November 30, 2018 Welsh banking challenger Chetwood Financial has today unveiled the world’s first so-called dynamic loan, where the interest rate falls as borrowers improve their credit score. Built in collaboration with credit rating firm Clearscore and launched under its brand Livelend, the loan uses technology to monitor a customer’s credit score and reduce its rate at three-month [...]
Grenfell-style combustible cladding ban to cost high-rise developers and owners £337m over next decade November 30, 2018 The government’s ban on the use of Grenfell-style combustible materials on new high-rise buildings will cost the industry up to £337m, it has emerged. In an impact assessment of the legislation, Whitehall revealed the direct cost to developers and owners is expected to be between £249m and £337m over 10 years. The Ministry for Housing, [...]