Trinity Mirror defends buyback amid pension shortfall criticism January 2, 2017 Newspaper publisher Trinity Mirror has defended a £10m share buyback amid criticism over its £426m pension shortfall. Frank Field, chair of the influential work and pensions select committee, has called on the Pensions Regulator to block the buyback, while the move has also been criticised by former Tory pensions minister Baroness Altmann. Read more: New [...]
Former Deutsche Bank co-chief exec takes president role at broker Cantor Fitzgerald January 2, 2017 Former Deutsche Bank co-chief executive Anshu Jain has joined broker Cantor Fitzgerald as president. The job move was revealed today by Cantor’s chief executive and chairman, Howard Lutnick. Read more: Deutsche Bank's co-chiefs have resigned Jain and fellow co-chief executive Juergen Fitschen resigned from Deutsche Bank in June 2015 amid growing pressure from investors over [...]
Grinding to a halt: Southern rail services set for the sidings next week with no talks scheduled January 2, 2017 Commuters are bracing themselves for the longest wholesale shutdown of the Southern rail network starting next week. Combined strike action by both drivers union Aslef and guards union the Rail, Maritime and Transport union (RMT) will take place between 9 and 14 January, extending longer than the three-day strikes previously held. The dispute between unions, Southern [...]
Star Wars blasted way to top of UK box office in 2016 January 2, 2017 Walt Disney has described 2016 as a “phenomenal year” for its films in the UK and Ireland. The US media company said the new Star Wars spin-off, Rogue One, had taken over £50.7m, making it the biggest film of the year in the UK and Ireland. Read more: Star Wars spin-off feels the force after [...]
Deutsche Bank share price up as merger and bailout rumours shot down January 2, 2017 Shares in Deutsche Bank are trading up today after the German banking giant's chairman silenced murmurs of mergers and bailouts. The share price for the country's biggest bank had a turbulent 2016, particularly after it was revealed in September that the US Department of Justice was considering slapping the lender with a fine of as [...]
London Stock Exchange poised to announce crucial sale of French clearing arm January 2, 2017 The London Stock Exchange Group is likely to announce the sale of its French clearing arm this week, City A.M. understands. The exchange entered exclusive talks with pan-European rival Euronext shortly before Christmas and the parties are understood to be nearing a deal worth around €500m (£425m). Read more: London Stock Exchange enters exclusive talks [...]
Labour’s polling has slumped to a new low in the latest figures January 2, 2017 Jeremy Corbyn's Labour party has seen its polling figures dip further, while union backers battle over how the party should approach immigration. Latest figures from YouGov for The Times show the party polling at 24 per cent, down from 25 per cent, itself Labour's worst performance since 2009. The polling also shows improved performance from both [...]
Theresa May has blamed David Cameron for controversial New Year’s gongs January 2, 2017 Prime Minister Theresa May has reportedly vowed to reform the priorities for the honours system after some of the prizes handed out in the latest list came under fire. The New Year's list saw a knighthood handed to the the permanent secretary of the department for international development, despite concerns over the way the UK spends [...]
Axa reveals the cost of Bluefin’s sale to Marsh & McLennan January 2, 2017 Axa will take a €82m (£70m) hit from its £295m sale of UK small business insurance broker Bluefin to US giant Marsh & McLennan. The sale, previously announced in November and referred to by Marsh's boss as "very much a post-Brexit deal", completed today. The move by the French insurer followed the £395m sale of its SunLife [...]
Brace yourself: You’ll be paying more for your commute in 2017 January 2, 2017 As 2017 gets off to a tentative start, commuters are already having to face a harsh reality of the new year – the annual rise in the cost of commuting. Most people may still be enjoying the bank holiday, but workers returning to work from today onwards will have to dig deeper as train fares rise by [...]