Babcock charts its way back to success with plan to bolster earnings growth June 5, 2019 Babcock draws up plan to boost earnings growth
Trump and Queen mark D-Day sacrifices in Portsmouth June 5, 2019 US President Donald Trump and Queen Elizabeth today joined world leaders today to mark the 75th anniversary of the D-Day landings. Nearly 300 parachutists jumped out of planes over the fields of France earlier today, after having flown over from Cambridgeshire. “The wartime generation – my generation – is resilient, and I am delighted to [...]
Commuters brace for Tube chaos as 10,000 workers balloted for strike action June 5, 2019 Major strikes could bring London Underground to a standstill, with up to 10,000 workers threatening to walk out. Union RMT said it would ballot for the strike action after “crucial” talks with management collapsed earlier today. Read more: RMT stages five-day strike on South Western Railway Managers refused to increase salaries and improve working conditions, [...]
Bank of England calls ‘last orders’ on Libor as regulators push 2021 transition June 5, 2019 The Bank of England has called “last orders” on the scandal-hit Libor interest rates as regulators push for financial institutions to transition away from the benchmark by 2021. Deputy governor Dave Ramsden said good progress was being made and that getting on with the switch to alternative benchmark Sterling Overnight Index Average (Sonia) could be [...]
Mike Ashley’s Sports Direct lines up Game takeover June 5, 2019 Mike Ashley is set to lodge a bid for Game Digital, as the retail tycoon’s spending spree shows little sign of slowing down. Sports Direct, which already owned a 20 per cent holding in Game, has launched a takeover offer for the gaming firm after upping its stake in the group to roughly 38 per [...]
CMA head Lord Tyrie warns Big Four that appetite for audit reform is ‘very strong’ June 5, 2019 The chair of the Competition and Markets Authority Lord Tyrie today warned the Big Four that the appetite for reform of the audit market is “very strong” in government and parliament. “I think the market needs to realise, if they don’t already, that the appetite for whatever is required to address this is very strong, [...]
What’s gone so wrong for Neil Woodford? June 5, 2019 In the not-so-distant past, Neil Woodford was a bit of hero, beaming among the failed fund managers who had blindly bought into the tech boom of 2000. But sometimes stars fall. Or in Woodford’s case, they implode. News that Britain’s most famous fund manager has blocked withdrawals from his flagship fund may have left us stunned, but it’s [...]
Our pick of the new homes going on sale in London this weekend June 5, 2019 1 Green Street, Mayfair From £2.25mTwo show flats by London design studio TH2 are available to view in this period corner building development of four newly refurbished homes. Each flat has two bedrooms and is dual aspect, with corner bay windows offering views of St Marks Church. Contemporary kitchens and bathrooms include parquet flooring and [...]
Competition watchdog to probe £1.6bn One Savings Bank and Charter Court merger June 5, 2019 The competition watchdog has announced it is investigating the potential £1.6bn merger between One Savings Bank and Charter Court. The Competition and Markets Authority (CMA) said it would assess whether the deal would lead to a “substantial lessening of competition” in the market. Read more: One Savings Bank and Charter Court announce terms of £1.6bn [...]
Intu set to vote against Arcadia CVA as Philip Green’s empire hangs by a thread June 5, 2019 Fresh doubts over whether Sir Philip Green’s fashion group can win a crunch restructuring vote today have emerged, as one of Britain’s largest retail landlords looks set to vote against the firm’s controversial insolvency plans. Intu, a FTSE shopping centre owner, is expected to vote against the proposals for Green’s company voluntary arrangement (CVA), according [...]