Japan’s biggest brokerage Nomura doubles its profits in third quarter as fixed income activity rockets January 31, 2017 Japanese financial giant Nomura today revealed it raked in twice as much profit during the third quarter of its most recent financial year than it did the year before. The figures Net income at Japan's biggest brokerage shot up to ¥70.3bn (£496m), a 99 per cent increase compared with ¥35.4bn the year before and an increase of [...]
Sadiq Khan to tell diplomats from around the world to reject Trump’s travel ban January 31, 2017 London mayor Sadiq Khan will tonight tell an audience of international diplomats to reject US president Donald Trump's harsh new restriction on travel into the US. Trump introduced a 90 day suspension on arrivals from seven Muslim majority Middle Eastern and African countries over the weekend, though the Foreign Office has claimed that British passport holders [...]
Deutsche Bank settles New York probe with $425m fine January 31, 2017 Shares in Deutsche Bank rose after it agreed to a $425m (£340m) fine to New York's banking regulator over a trading scheme that moved $10bn out of Russia between 2011 and 2015. The bank's shares rose 2.2 per cent to €19.02 in late morning trading. The "mirror trading" scheme allowed clients to buy stocks in Moscow in [...]
Severn Trent its set to beat forecasts despite another two “unpredictable” winter months ahead January 31, 2017 Severn Trent today said its net customer outcome delivery incentive (ODI) rewards for the full year are expected to beat previous guidance of £15m after strong operational performance in the last quarter. That's after the company already upped its target from £10m in February 2016. In a trading statement for the quarter to 31 December, the leading UK water and waste [...]
British Airways launches new routes from Manchester Airport and London Stansted including Ibiza, Mykonos and Florence January 31, 2017 British Airways has announced the launch of seven new routes from Manchester Airport and three new destinations from Stansted. From May, the airline will start summer-only direct flights from Manchester to Alicante, Malaga, Ibiza, Palma, Mykonos, Nice and a weekly service to London City Airport. New flights from Stansted – part of the Manchester Airport [...]
Eurozone GDP growth beats expectations as inflation edges up January 31, 2017 It's a good day for the Eurozone, which beat expectations on growth and unemployment today – while inflation edged up. Figures published by Eurostat, the region's statistics authority, showed gross domestic product grew 0.5 per cent in the euro area, pushing inflation for the full year up to 1.8 per cent. Although it was slightly down from [...]
Obama supports protests against Donald Trump January 31, 2017 Former US President Barack Obama is clearly not happy with how his successor is handling his first few weeks in office. Obama was grateful to George Bush for not commenting on his performance in office, but has intervened against Trump because he says "American values are at stake". Protests have broken out across America and [...]
Talks get underway to avoid fresh Tube strikes after RMT union agrees to sit down with London Underground bosses January 31, 2017 Fresh talks are taking place today in a late effort to avoid more strike action on the London Underground, planned for this Sunday. The Rail, Maritime and Transport (RMT) union is meeting with LU bosses at conciliation service Acas. An RMT spokesperson said yesterday: "RMT has been available for further talks throughout the weekend and [...]
Shell agrees to sell nearly half of its less profitable North Sea assets for $3.8bn January 31, 2017 As part of its drive to ditch $30bn worth of assets, Shell has agreed to sell a package of North Sea assets for $3.8bn (£3bn) to UK oil and gas company Chrysaor. Shell has been flogging assets in an effort to reduce debt following its £35bn takeover of BG Group. Read more: Shell continues its divestment drive with Saudi [...]
Mayor unveils plans to address skills shortages in London’s film industry and bump up investment January 31, 2017 London mayor Sadiq Khan has announced his plans to make the capital the "world's most film-friendly city" – including the launch of a Cultural Infrastructure Plan. He will deliver a new skills strategy, alongside Creative Skillset and Film London, to identify shortages within London's film industry, establish ways into the sector for talented creatives and encourage [...]