SSE shares fall amid delay to merger with rival energy firm Npower November 9, 2018 Energy firm SSE have seen their shares fall by three per cent after they announced that their planned merger with rival company Npower has been delayed. The delay was announced on Thursday night and SSE claimed they would need to renegotiate the terms of the deal due to the introduction of a new energy price cap, which comes into action [...]
Steel producer Thyssenkrupp shares hit by second profit warning since July November 9, 2018 German conglomerate Thyssenkrupp’s share price tumbled more than 10 per cent this morning after the steel producer issued its second profit warning since July. Blighted by quality issues at its automotive units and a steel cartel investigation, the Essen-based group said it now expected full-year operating earnings of €1.6bn (£1.39bn), compared with €1.72bn last year. [...]
Government will not allow Brexit deal to split Northern Ireland from UK, says minister November 9, 2018 The UK government would not sign a Brexit deal that signs Northern Ireland up to EU rules, a Cabinet minister insisted today. Culture minister Jeremy Wright’s comments come after Prime Minister Theresa May’s Westminster allies threatened to pull support for an agreement if Northern Ireland were separated from the UK via a customs border down [...]
Next settles copying claims with fashion brand Scamp & Dude November 9, 2018 British clothing group Next settled a law suit over with fashion brand Scamp & Dude this morning, agreeing to pay the profits from any sales of a contested design to the label after claims that it copied the smaller firm's designs. Scamp & Dude, which said that it will use the profits for charitable purposes, [...]
Bacon producer Finnebrogue urges Liam Fox to fry export regulations on ‘bonfire of red tape’ November 9, 2018 The head of one of Britain’s main sausage and bacon makers has called on the government to boost exports by cutting back cumbersome regulations. Denis Lynn said he is still waiting for approval to export Finnebrogue’s new nitrate-free bacon, six months after applying to the Food Standards Agency. He said a “bonfire of red tape” would [...]
UK economy grows at fastest rate in two years but longer term growth subdued November 9, 2018 The UK economy grew at its fastest rate in two years in the three months to September after a strong summer. GDP grew by 0.6 per cent in the third quarter of the year, up from 0.4 per cent in the three months to July, the quickest economic expansion since the end of 2016, according [...]
War games: Bank of England to test financial services sector’s resilience to cyber attacks November 9, 2018 The Bank of England will today test the financial industry's ability to withstand a major cyber attack on the UK. Leading banks will be among around 40 firms that will partake in the exercise, aimed at ensuring firms are able to meet certain recovery requirements in the wake of a cyber-attack. "This exercise forms a [...]
Fastjet stays airborne after trading boost but warns over its future survival November 9, 2018 Embattled budget airline Fastjet will remain airborne at least for now after improved trading as discussions continued over its future. The African airline had warned in October that it needed urgent cash to survive. But it said improved trading and cash generation had secured its short term future while discussions with shareholders and creditors continued. [...]
Sir Martin Sorrell’s S4 Capital confirms deal talks as it chases US-based Mightyhive November 9, 2018 S4 Capital has confirmed deal talks are underway following rumours that it is making a play for a US advertising firm. Sir Martin Sorrell’s new venture told investors this morning that “it is in discussions with the owners of several digital marketing services businesses about a possible acquisition”. Media reports suggest that S4 is close [...]
Impeaching Trump would be disastrous for the Democrats November 9, 2018 It took the President mere hours after holding his post-midterms press conference to drop the inevitable bombshell. After months of lambasting Jeff Sessions, the attorney general was being fired, replaced with the more amenable Matthew Whitaker. Why such ire towards Sessions, when he had been one of Donald Trump’s fiercest supporters on the campaign trail? [...]