Demand for travel to the US has slowed amid confusion and anger over Trump’s travel ban March 6, 2017 As Donald Trump readies his revamped travel ban, new figures show demand for travel to the US has slowed after a promising start to the year. Overall, travel bookings to the US over the next three months are down 0.4 per cent on last year. However, the day before Trump's travel ban was imposed, bookings were up [...]
Stephen Hawking will be given Honorary Freedom of the City of London today March 6, 2017 Professor Stephen Hawking will be awarded the City's highest honour today, after he is given Honorary Freedom of the City of London. Hawking, whose research into black holes has transformed our understanding of the universe, will be presented with the award by the City of London Corporation at a ceremony at the Guildhall today. Dr Peter Kane, [...]
Deutsche Bank shares fall following restructuring revelation and fresh legal case fears March 6, 2017 Deutsche Bank shares fell over six per cent in early trading this morning after yesterday confirming plans to launch a €8bn (£6.9bn) rights issue and reports it is facing new legal action over foreign exchange trading practices. Shares in lender opened at €17.90, down from Friday's of €19.14. They have subsequently bounced back regained some lost ground, trading [...]
Dozens of flights cancelled as five-day French air traffic control strike gets underway March 6, 2017 Thousands of passengers are being disrupted as a five-day strike by French air traffic controllers (ATC) strike started today, with airlines have been forced to cut a raft of flights. Airlines four Europe (A4E), where Air France, EasyJet, Lufthansa and Ryanair are all members, said airlines have been asked to reduce their flight offerings in France by a [...]
Oil prices have fallen on worries China will cut demand March 6, 2017 Oil prices fell this morning as investors worried China will cut oil demand after it reduced its growth target for 2017 to its lowest level for more than 20 years yesterday. Global benchmark Brent crude was down 0.98 per cent, at $55.35 per barrel, after it finished the previous session up 1.5 per cent. West Texas Intermediate (WTI) [...]
Standard Life and Aberdeen Asset Management announce merger plans March 6, 2017 Standard Life and Aberdeen Asset Management have agreed terms of a recommended all-share merger. The firms announced the plans to the Stock Exchange this morning, confirming reports of a deal over the weekend. Shares in Standard Life jumped nine per cent at the open, while Aberdeen's stock was up six per cent. Aberdeen shareholders will [...]
Monzo and Revolut cardholders can’t use their cards and might not for the rest of the day due to supplier issues March 6, 2017 Monzo cardholders are unable to use the digital challenger bank to make payments or send money and might not be able to for the rest of the day. In a notification sent to customers, the startup said there have been issues since just before 10 am on Sunday morning due to one of its suppliers [...]
Agent Provocateur founder Joe Corre: My brand was “dropped like a pair of dirty knickers” March 6, 2017 Agent Provocateur co-founder Joe Corre has branded the £30m sale of the lingerie retailer “a scandal on many levels”. Corre, the son of iconic fashion designer Vivienne Westwood, said his brand was “dropped like a pair of dirty knickers”. Agent Provocateur was put up for sale by 3i in January. Last week, administrators Alix Partners sold the [...]
Brexit, Isis and attracting entrepreneurs: Just some of the challenges faced by mid-market private equity firm Livingbridge March 6, 2017 Private equity firm Livingbridge will likely be tied to its former name, Isis Equity Partners, for some time to come. In 2014, shortly before turning 20 years old, Isis chose to change its name in light of the rising prominence of its namesake terrorist organisation. “It was kind of fine [prior to 2014],” says Wol [...]
Peugeot and Citroen owner PSA agrees €2.2bn deal to buy European operations of Vauxhall owner March 6, 2017 PSA, the firm that owns Peugeot and Citroen, has agreed a deal to buy rival the European operations of Vauxhall's European parent General Motors. A press conference has been scheduled in Paris today with more details on the merger valued at €2.2bn (£1.9bn) to be revealed. Read more: PSA will honour commitments to Vauxhall plants [...]