NatWest backtracks on plans to freeze UK account of Russian state broadcaster RT January 30, 2017 NatWest has reversed its decision to freeze the accounts of Russian state broadcaster RT. RT, formerly known as Russia Today, revealed a letter from NatWest announcing the freeze in October, with the broadcaster’s editor-in-chief condemning the move as an attack on freedom of speech. RT said NatWest announced plans to close the UK accounts of the [...]
Now Ford has spoken out against Donald Trump’s travel ban January 30, 2017 The two top executives at the US' largest carmaker have waded into the row over Donald Trump's decision to ban citizens of seven Middle Eastern and North African countries from travelling to the US, saying it "goes against our values as a company". Reuters reported Ford's executive chairman Bill Ford Jr and chief exec Mark [...]
Flybe chief exec Christine Ourmieres-Widener says cuts are necessary to make the airline the best in Europe January 30, 2017 The new chief executive of Flybe expressed her excitement at taking over the top job at the airline. Christine Ourmieres-Widener, who started at the Exeter-headquartered airline two weeks ago, said: “Everything I have seen so far confirms my excitement at the opportunity we have to become the best regional airline in Europe.” Read more: Flybe [...]
Boris Johnson says Trump’s travel ban will make no difference to British passport holders January 30, 2017 Foreign secretary Boris Johnson has told MPs that holders of British passports will remain unaffected by harsh new immigration rules introduced in the US. President Donald Trump signed an executive order introducing a 90 day restriction on arrivals from Syria, Somalia, Iraq, Iran, Libya, Sudan and Yemen. Despite reassurances from the Foreign Office this weekend, [...]
Randgold Resources is set to post record results from its flagship Mali mine, but an “illegal sit-in” halts production at another January 30, 2017 Randgold Resources said its flagship Loulo-Gounkoto gold mining complex in Mali expects to report record production for the fourth quarter of 2016 to top off an already good year. Chief executive Mark Bristow told the press today the company was on track to report it had exceeded its production guidance of 670,000 ounces of gold for 2016 and will [...]
There’s no case for cancelling Donald Trump’s state visit to Britain January 30, 2017 Theresa May did not ask for the hand she has been dealt. She did not campaign for Brexit. She had nothing to do with Donald Trump’s election. Nevertheless she must deal with both – and I am proud of the way she is making the most of the situation she’s in, for the good of our [...]
Airline shares are falling thanks to the Trump travel ban January 30, 2017 Airline shares were among some of the worst-hit stocks on both sides of the pond today, as Donald Trump's travel ban to citizens of seven countries in the Middle East and North Africa began to sink in. In the UK, International Airlines Group (IAG), which owns British Airways, Aer Lingus, Iberia and Vueling, fell almost [...]
Generali shares slip with Intesa Sanpaolo shareholders voicing concern January 30, 2017 Shares in Generali, the world's third largest insurance firm, fell over three per cent today with the firm's takeover by lender Intesa Sanpaolo understood to be further away than previously anticipated. Intesa Sanpaolo surprised some shareholders earlier this month by privately revealing it was teeing up a deal to buy Generali, according to local sources. Read more: Intesa Sanpaolo examining [...]
Unicredit gets green light from European authorities paving the way for €13bn fundraise January 30, 2017 European authorities have not raised any issues with Unicredit breaching capital ratios after the bank convinced them it is merely a temporary problem and will be solved by its mammoth €13bn (£11bn) rights issue. Plans for Italy's largest lender to right-size its balance sheet appeared to have been dealt a blow after it revealed this morning it will [...]
Can Brexit’s success or failure be objectively measured? This think tank hopes so. January 30, 2017 A think tank is trying to draw the sting out of Brexit debates by laying out a framework to judge the success of the UK's departure from the EU. A new report, published today by UK in a Changing Europe, proposes four economic tests for an assessment of Brexit, just days before MPs will first vote [...]