More than 12 offers on the table for Agent Provocateur January 29, 2017 At least a dozen offers have been made for troubled lingerie brand Agent Provocateur, according to sources familiar with the chain's owner. Private equity company 3i put the retailer up for sale this month following disappointing December trading. The firm is seeking an offer which exceeds the brand's £30m debt pile. Sources close to the [...]
Deposit protection limit for savings to be bumped back up to £85,000 tomorrow January 29, 2017 Savers will have an extra £10,000 safeguarded as of tomorrow, as the deposit protection limit is increased back up to £85,000. The deposit protection limit under the Financial Services Compensation Scheme (FSCS), which is designed to protect consumers' cash should lenders run into hot water, was cut to £75,000 last year in an effort to put [...]
Telefonica is working through a strategic plan that will pave the way for O2 float January 29, 2017 O2's owner has set the ball rolling on a strategic plan to clear legacy issues before either floating or selling the British mobile phone operator, according to reports. Singapore's sovereign wealth fund, GIC, is working with private equity fund CVC to buy a controlling share in Telefonica's infrastructure division in a deal worth €1.5bn (£1.3bn), the [...]
Deutsche Bank forecast to be in the red for 2016, with a net loss of almost €1bn predicted January 29, 2017 Deutsche Bank is predicted to announce it is almost €1bn (£850m) in the red when it releases its full year results for 2016 on Thursday morning. A consensus of analysts has forecast the German banking giant will report a net loss of €910m for the full year and €1.6bn for its fourth quarter. However, some analysts are predicting a full year loss [...]
Here’s how British citizens are affected by Donald Trump’s travel ban January 29, 2017 UPDATE: The Foreign Office has issued a clarification that UK nationals will be exempt from the travel ban. Read more. An executive order by President Donald Trump has provoked waves of protest at US airports, where those travelling from seven majority Muslim countries have been detained or turned back. Signed on Friday, the order has [...]
Mo Farah slams Trump’s travel ban as “deeply troubling” January 29, 2017 Star athlete and Olympic hero Sir Mo Farah has slammed Donald Trump's executive order banning entry into the US for nationals of seven majority Muslim countries, including those who hold dual citizenship. Farah said it was "deeply troubling that I will have to tell my children that Daddy might not be able to come home – [...]
“Shameful and cruel”: London mayor Sadiq Khan reacts to Trump’s ban January 29, 2017 The Mayor of London Sadiq Khan has called President Donald Trump's ban on travellers from seven majority Muslim countries entering the US "shameful and cruel". Writing on Facebook on Sunday morning, he said: President Trump's ban on refugees and immigrants from certain countries is shameful and cruel. The USA has a proud history of welcoming [...]
Donald Trump’s travel ban provokes top tech bosses from Apple, Google, Uber, Twitter, Facebook and more to speak out on immigration January 29, 2017 The high profile bosses of several of the United States' biggest technology companies have spoken out after Donald Trump issued an executive order banning people from seven majority Muslim countries entering the US. Google founder Sergey Brin, himself a migrant from the former Soviet Union, attended a protest at San Francisco airport in a personal capacity, he told reporters. [...]
Theresa May distances herself from Trump’s immigration stance January 29, 2017 Prime Minister Theresa May has said Britain does not agree with harsh new immigration measures imposed by the US just a day after being pictured hand in hand with Donald Trump at a meeting between the leaders to discuss the "special relationship". A ban on travellers was imposed on Friday by executive order against those [...]
Another Brexit march is coming to London January 28, 2017 Another demonstration against the UK leaving the European Union is coming to London on 25 March, the final weekend before the government triggers Article 50. Unite for Europe is organising the protest because it thinks it "can change minds" and that "Brexit can be stopped". Read more: In pictures: Women march against Trump in London [...]