Lloyds Banking Group to unveil £1bn share buyback and boost bonus payouts to £415m February 20, 2018 Lloyds Banking Group will unveil plans for a £1bn share buyback tomorrow along with boosted bonus payouts to staff. According to Sky News, Lloyds will reveal the news with its annual results tomorrow and a new three-year strategy. The bank is also expected to say that it will pay around £415m in bonuses to staff [...]
Tory Brexiteers demand “full regulatory autonomy” from Brexit in letter to Prime Minister Theresa May February 20, 2018 A number of Conservative Brexiteers have called for full regulatory autonomy, and for Britain to negotiate its exit from the European Union “as an equal partner” in a letter to the Prime Minister. MPs offered “some suggestions” on how a free-trading, global Britain could be achieved – by “taking control of our tariff schedules at [...]
Trevor Steven: Paul Pogba should be Manchester United’s Kevin De Bruyne but has failed to adapt to the Premier League February 20, 2018 When Paul Pogba left Manchester United in 2012 it was in large part down to Sir Alex Ferguson’s hesitation to give him the first-team action that he felt ready for, perhaps due to doubts about whether the 19-year-old could adapt his game to be successful in the Premier League. Pogba went to Juventus and thrived [...]
Manchester City’s Sergio Aguero avoids punishment over on-field altercation with fan February 20, 2018 Manchester City striker Sergio Aguero has escaped punishment from the Football Association (FA) after an on-field confrontation with a supporter following his side’s FA Cup fifth round defeat to Wigan on Monday. City’s record goalscorer Aguero appeared to push an individual as Wigan fans invaded the pitch following their shock victory, later claiming that he [...]
Glass Lewis tells Booker shareholders to vote against Tesco’s £3.7bn takeover February 20, 2018 An investor advisory firm has thrown another obstacle in the path to Tesco’s £3.7bn takeover of Booker, telling Booker shareholders to oppose the deal. Glass Lewis told clients in a note today that it advised rejecting the deal, on the grounds that the bid “clearly lags regional trends” and may fall below Booker’s true value. [...]
Petro: Venezuela launches its controversial oil-backed cryptocurrency, the petro February 20, 2018 The Venezuelan government has launched its new cryptocurrency, the petro, as the country struggles amid US sanctions and soaring inflation. Venezuelan President Nicolas Maduro first announced the controversial digital token late last year as a solution to the country’s economic woes, however the US Treasury has warned potential investors that buying the petro could violate [...]
Boss of British Airways owner IAG Willie Walsh has “zero” confidence that Heathrow expansion will be delivered on time February 20, 2018 The outspoken boss of British Airways owner IAG, Willie Walsh, said today his confidence that Heathrow would ensure its expansion was on time and on budget “is zero”. Speaking to MPs on the Transport Select Committee for their inquiry into the government’s national policy statement on Heathrow’s third runway, Walsh said he had no confidence [...]
Electric vehicle growth to cause oil demand to peak by the late 2030s, BP says in 2018 energy outlook February 20, 2018 Global oil demand will peak in the late 2030s as electric vehicle use revolutionises the transport sector, BP predicted in its latest energy outlook. The oil major expects more than 300m electric cars to be on the road by 2040, about 15 per cent of the total 2bn, and it has forecast 30 per cent [...]
Barclays wins first round in £1.1bn legal battle with credit card firm CCUK February 20, 2018 Barclays has won the first stage in a legal battle with a US-based credit card company which is suing it for £1.1bn. The High Court today rejected an application for summary judgement against Barclays brought by CCUK, the British arm of Nasdaq-listed Atlanticus Holdings, in a complex case revolving around a PPI-style misselling saga. CCUK, [...]
Brussels vows to push ahead with digital tax plans aimed at tech giants like Amazon, Google, Facebook and Apple February 20, 2018 Brussels is pushing ahead with digital tax plans aimed at tech giants such as Amazon, Google, Facebook and Apple. The economic commissioner for Europe Pierre Moscovici said efforts are moving forward to bring the taxation of digital companies in line with traditional firms: “this is happening” he said. Read more: EU competition chief threatens tech [...]