Former Royal Dutch Shell and GSK veteran first woman to join Aramco board amid IPO plans April 29, 2018 Saudi Aramco has appointed the first woman to its board as it prepares to issue its highly anticipated initial public offering (IPO). Lynn Laverty Elsenhans, former chair, president and CEO of fuel distributor Sunoco, is to join the world’s largest oil company’s board at a crucial time in its history. Elsenhans is also the former [...]
BP expected to record a surge in first quarter profits on back of rising oil prices April 29, 2018 BP is expected to be the latest beneficiary of the surge in oil prices, with City analysts expecting first quarter profits to show a healthy year-on-year increase. The oil giant’s full-year results released earlier this year showed the company was already in a strong position, with profits coming in at $6.2bn (£4.4bn). Boss Bob Dudley [...]
Litigation funder Vannin Capital eyeing multi-million pound London float April 29, 2018 Litigation funder Vannin Capital is working with advisory firm Evercore on plans for a London float that could value it at close to £1bn. Sky News reports that the litigation funder is working with investment advisory firm Evercore on a potential float and is close to appointing banks Barclays and Jefferies as underwriters on the [...]
TSB internet banking still running at half capacity as computer issues persist April 29, 2018 TSB’s online banking services are still only running at half capacity, a week after problems first emerged with a migration of computer systems which has dented the reputation of the high street bank. A spokesperson said that internet banking is running at around 50 per cent of its full capacity, meaning half of all log-in [...]
Donald Trump slams Nine Elms US embassy site April 29, 2018 US President Donald Trump has hit out at the new US embassy’s South London location which he describes as “horrible”. In a speech in Michigan yesterday Trump blasted the embassy’s Nine Elms location as “horrible” and “lousy”. He criticised his predecessors George W Bush and Barack Obama for the decision to move the US embassy [...]
North Korea promises to dismantle nuclear test sites under eyes of international observers April 29, 2018 North Korea will close a nuclear test site in May under the eye of experts and journalists, according to reports. The thaw in relations between the North and the South has come only a year after nuclear tests by the North which seemed to promise a flare-up in tensions. North Korea’s supreme leader, Kim Jong-un, [...]
London residents are less happy with their energy supplier than people in any other region in UK April 28, 2018 Customers in London are least likely to be happy with their energy supplier, according to a study out today. In the capital, less than a third (30 per cent) of consumers said they were very happy with their energy and gas supplier. This compares to Wales where 60 per cent of customers said they were [...]
Which? reveals worst companies to rent a car from April 28, 2018 Pushy sales people, broken cars and long waits at the airport – renting cars can often be an arduous task. But the very worst firms to get a car from have been revealed in research released today. Consumer watchdog Which? asked consumers for their opinions on a number of rental companies to compile a list [...]
Google exec Sergey Brin urges caution over future of AI April 28, 2018 One of Google’s top execs and president of Alphabet Sergey Brin has raised concerns about the AI revolution in a letter to Alphabet’s shareholders. In his annual letter sent to shareholders of Google umbrella organisation Alphabet yesterday, Brin said that “new questions and responsibilities” had been raised about the potential of AI. It comes after [...]
Rudd fights calls to resign as she apologises for being unaware of Home Office deportation targets April 28, 2018 Home secretary Amber Rudd resisted calls to resign last night, as she apologised for being unaware of deportation targets that had been set in her department. Writing on Twitter, the cabinet minister apologised for not knowing about the targets, saying: “I wasn’t aware of specific removal targets. I accept I should have been and I’m [...]