Bankers bonuses under threat as industry faces cut backs November 29, 2015 Some of the biggest banks in Europe and the US are cutting back on bonuses after a decline in yearly profits. Credit Suisse is rumored to be considering slashing its bonus pool by up to 60 per cent, while Deutsche Bank is expected to reduce its payouts by 30 per cent. Barclays is reportedly looking [...]
AB InBev looking to head off the regulator by selling off SABMiller beer brands November 29, 2015 Anheuser-Busch InBev is looking to avoid a tussle with the regulator by selling off SABMiller’s Peroni and Grolsch brands, it’s being reported. This month AB InBev made a formal offer to buy rival SABMiller for £44 a share. The announcement comes after months of negotiations, and several extended deadlines from UK regulators. The tie up, [...]
Cyber Monday 2015 UK: Currys PC World follows Black Friday discount deals with online sale offers on, Samsung TVs, Asus ZenPad, Lenovo Yoga, GoPro Hero, Jawbone Up and Pebble watch November 29, 2015 Just as everyone was breathing a sight of relief as Black Friday drew to a close, along comes Cyber Monday. But for shoppers, that just means more bargains and discount deals, and the UK's retailers are more than willing to indulge them, and Currys PC World is the latest to spring some rather tasty offers on [...]
Bank stress test results: Britain’s seven biggest lenders including Standard Chartered, HSBC, Lloyds and Barclays, under pressure from regulators November 29, 2015 Britain's biggest banks are bracing for announcements from the Bank of England Tuesday which may force them to cut dividends in order to satisfy regulators’ capital requirements. Seven leading lenders – HSBC, Barclays, Lloyds Banking Group, Standard Chartered, Royal Bank of Scotland, Santander and Nationwide – were subject to the Bank of England’s latest round [...]
Cyber Monday 2015 UK: Deals at Tesco, Sainsbury’s , Amazon, eBay, Currys PC World to offer Xbox, PS4, Apple Watch and iPad, large screen TV deals and much more on sale November 29, 2015 Black Friday may be gone, but that does not mean everyone must instantly return to paying full price for their shopping just yet. Yes, Cyber Monday is here. While the two deal days used to be separate, the fact that online shopping has become as common as high-street shopping means there's really no difference these days, especially [...]
Cyber Monday 2015 UK: Amazon’s best bargain deals are back, including on Xbox, PS4, Nest, Kindles, Kindle Fire and Fire TV November 29, 2015 Amazon will offer another week of deals starting on Cyber Monday following on from a week-long shopping bonanza for Black Friday, which on the day itself still brought the online retailer its single biggest ever shopping day in the UK. Shoppers will be able to take advantage of deals on electronics, video games and a whole range [...]
At the close: FTSE 100 index closes lower on miners November 27, 2015 The FTSE 100 closed down today, led lower by miners after having made gains yesterday. The UK's top blue-chip index closed 0.28 per cent down, at 6,375 points, led lower by Anglo American and Glencore, after negative data from China was released showing that Chinese industrial profits fell 4.6 per cent in October. Miners, other than BHP Billiton, yesterday led [...]
Merck looks to sell allergy unit Allergopharma for €600m November 27, 2015 Pharmaceutical firm Merck is considering selling its allergy business Allergopharma, according to reports. Sources close to the matter told Bloomberg that the German company is currently in the early stages of deciding whether to put the unit up for sale. If they go ahead with it, rival drugs companies and private equity firms are expected to be [...]
Thames Water chief executive Martin Baggs to step down November 27, 2015 Thames Water chief executive Martin Baggs has announced plans to step down next year, the company said today. Baggs has led the UK's largest water company for the past six years, but said today he will step down by the end of 2016. "After spending all 30 years of my working life in the UK water industry… I [...]
Lloyds Banking Group share price rises as it appoints to new non-exec directors November 27, 2015 Lloyds banking group today announced the appointment of two new non-executive directors to its board. Deborah McWhinney will service as a member of the audit and risk committees from 1 December, while Stuart Sinclair will service on the remuneration and risk committees from 4 January. The bank also said that Dyfrig John, an independent non-executive director, wishes to reduce [...]