Who exactly is Charlotte Hogg? February 28, 2017 Chancellor Philip Hammond last month announced Charlotte Hogg’s appointment as deputy governor for markets and banking at the Bank of England, effective as of today. She will also become a member of the Monetary Policy Committee (MPC), Financial Policy Committee (FPC) and Prudential Regulation Committee (PRC) Hogg started her career at the Bank of England [...]
UEFA Champions League auction: BT and Sky prepare bids but could others come to the party? February 28, 2017 BT and Sky will go head-to-head in a near billion pound battle over the UK television rights for European Champions League football. A tender process kicks off with bids needing to be in tomorrow to secure the rights that also include the Europa League and will run for three years starting from the 2018/19 season. BT Sport is the incumbent provider [...]
US immigration from the UK doubles following Donald Trump’s election February 28, 2017 A sharp increase in single flight bookings to the US appears to have occurred during January and February, as people rush to beat President Donald Trump’s looming travel ban. The number of one-way flights booked to America from the UK has doubled since the start of 2017 compared to the same period in 2016, according [...]
Spot The Difference: Claudio Ranieri And The CEOs Being Kicked Out Of The FTSE100 February 28, 2017 What's the difference between Claudio Ranieri and the chief executives of the companies at the bottom of the FTSE100? That's easy. The latter aren't Italian, don't get nicknamed the Tinkerman and haven't won trophies lately. They are also still in their jobs. On the field, Ranieri, the manager who won international acclaim for achieving a 100-year-first [...]
Quids out: The Treasury wants you to spend your pound coins before it’s too late February 28, 2017 With mere weeks to go before the launch of the new, 12-sided £1 coin, the Treasury has warned the nation it must either use its pound coins – or lose them. The new £1 launches on 28 March – but all old coins need to be spent by 15 October, the Treasury said today. The Royal Mint is [...]
Johnson Service Group says laundering success is good news for Britain February 28, 2017 Johnson Service Group, the UK's largest rental workwear and laundry firm, today revealed bumper annual results. A 45 per cent growth in the firm's profits was good news for the UK, according to boss Chris Sander, who labelled the company a "barometer of Britain's financial health". Read more: In a spin: CMA suggests laundry services broke competition law The Aim-quoted outfit [...]
Burberry shares jump after Belgium’s richest man snaps up three per cent stake February 28, 2017 Fashion darling Burberry's shares jumped today after reports that Belgium's richest man has snapped up a three per cent stake in the company. Shares rose nearly six per cent, the highest point since May 2015, after Albert Frere disclosed a stake in the trenchcoat maker. Known to be worth $4.9bn (£3.9bn), Frere also recently bought an undisclosed [...]
Virgin Money chief exec Jayne-Anne Gadhia: Brexit made us shelf plans for small business banking, but it might have worked out in our favour February 28, 2017 A series of unforeseen events means Virgin Money might be better off after having to drop a deal to go into small business banking because of Brexit. The challenger bank had been due to acquire an asset finance business, which would have allowed it to expand its offering into small business banking, but changed its [...]
Higher metals prices, ramped up production and the weak Mexican peso boost Fresnillo’s profits February 28, 2017 Fresnillo's shares edged down today after the world's biggest silver producer posted a more than six-fold increase in its profit for the year, but the firm warned of volatile market conditions. The figures The Mexican precious metals miner reported profit of $425m (£342m) for the year to the end of December 2016 compared with $69.4m the previous year. Revenue [...]
Vodafone boss: Post-Brexit continental calling costs are unlikely to rise February 28, 2017 Britons are not facing the possibility of sharp rises in charges for phone use on the European continent after the UK leaves with the EU, the boss of Vodafone said today. Concerns have been voiced that Brexit would lead to customers being slapped with hikes in call costs. But Vodafone chief executive Vittorio Colao said today at the [...]