Tata Steel has agreed to sell its Specialty Steels business for £100m February 9, 2017 Tata Steel UK has agreed to sell its Specialty Steels business to industrials group Liberty House for £100m. The sale includes several South Yorkshire-based sites, including steelworks at Rotherham, Stocksbridge and Brinsworth, as well as operations in Suzhou and Xi'an in China. The deal will secure the jobs of about 1,700 people directly employed by Specialty Steels working in the aerospace, automotive [...]
Henderson shares hit as fund manager reports £4bn outflows February 9, 2017 Henderson Group’s shares dropped three per cent on Thursday after the fund manager reported outflows of £4bn last year. The figures Assets under management (AUM) grew 10 per cent during the year, closing 31 December at £101bn, as market gains more than offset the net outflows. The company reported underlying pre-tax profits of £212.7m, down [...]
Injuries reported after explosion at EDF nuclear power plant on France’s Channel coast February 9, 2017 There has been an explosion at a nuclear power plant on the northern coast of France, according to reports. Local media said firefighters were alerted to an explosion and a fire at EDF's Flamanville plant at around 10am local time. Ouest France newspaper reported there was a possibility of some injuries but no nuclear risk. EDF said [...]
France’s Total is eyeing rival assets after revealing strong profit February 9, 2017 French oil major Total said it will raise its dividend and look into buying assets from struggling rivals after announcing better than expected fourth-quarter profit. The figures Adjusted net profit for the quarter ended 31 December raised 16 per cent year-on-year to $2.4bn (£2bn), trumping analysts' average forecasts of $2.3bn, according to Reuters. The quarterly dividend was [...]
Bank of Tokyo-Mitsubishi UFJ and MUFG Securities fined £26m by PRA for not being open February 9, 2017 Financial regulators have imposed £26m of fines on the Bank of Tokyo-Mitsubishi UFJ (BTMU) and MUFG Securities for not cooperating with investigations. The Prudential Regulation Authority (PRA) said the two companies had failed to be “open and cooperative” with the UK financial services regulator after an enforcement action by US authorities. BTMU and MUFG, which [...]
Theresa May is perceived as the best performing Prime Minister for 20 years February 9, 2017 It seems the honeymoon isn't over for Prime Minister Theresa May, who is performing better in the public eye than any of her predecessors for the last 20 years, according to new figures. In a survey of more than 2,000 Britons, Opinium found 39 per cent said May was doing a good job. Only Margaret [...]
Here’s how much less millennial men are earning February 9, 2017 Were you born after 1980? Are you a man? You're probably earning less than previous generations were at the same age. Millennial men have earned less than generation X (those born before 1980) every single year of their 20s, new figures reveal. And by the time they reach 30, the cumulative loss in earnings compared to the [...]
Revealed: London’s 40 first-time buyer hotspots February 9, 2017 Looking for a place to call your own in the capital is tough if you're a first-time buyer – although house price growth is lower, most places are still out of reach. But new research has listed the 40 areas in London where first-time buyers are still thriving, with prices in some of the most [...]
Germany exports reach record £1 trillion amid currency manipulation claims by Trump administration February 9, 2017 Germany’s trade surplus has reached a record high, as exports continue to rise to new heights from Europe’s largest economy. The figures come only two weeks after US President Donald Trump’s new trade adviser, Peter Navarro, accused the German government of manipulating its currency to “exploit” the US. Exports rose to €1.2 trillion (£1 trillion) [...]
Four stations, 65,000 extra journeys and 25,000 homes: TfL just gave us more details about its massive Bakerloo Line extension February 9, 2017 Transport for London (TfL) has set out new details about its much-anticipated Bakerloo Line extension, which will stretch from Elephant and Castle to Lewisham. TfL's plans include four new stations – two on Old Kent Road, one interchange at New Cross Gate and one at Lewisham, although it added there is potential for a further [...]