VW emissions scandal: Extra diesel fumes caused by Volkswagen cheat will cause early deaths, study finds October 29, 2015 The knock-on impacts of the Volkswagen emissions scandal are potentially fatal, according to a new study published in the journal Environmental Research Letters. In the US alone, an estimated 60 people will die up to 20 years prematurely because of the extra toxic pollution that has already been released by the German carmaker's cheat engines. In [...]
Company prospects pick up as insolvencies fall in third quarter October 29, 2015 Prospects for business are looking brighter after industry statistics revealed a drop in the number of companies collapsing into administration in the third quarter of the year. An estimated 363 companies entered administration in the last three months, a decrease of 2.4 per cent compared with the previous quarter and 5.5 per cent lower than [...]
British Gas customer login data leaked in third personal data incident in a week after TalkTalk cyber attack and Marks & Spencer technical glitch October 29, 2015 The account details of as many as 2,000 customers of British Gas have been leaked online, in the third high-profile personal data leak in less than a week. Email addresses and passwords to login to British Gas accounts were posted on the text upload website Pastebin, but the company believes the information leak was not as a result of [...]
Allergan share price soars on confirmation of possible mega-merger with Pfizer October 29, 2015 Allergan has confirmed it is considering joining forces with Pfizer to create the world's biggest drugs company. In a statement, the company said it was "in preliminary friendly discussions regarding a potential business combination transaction" with Pfizer. It added that there was no guarantee of a deal: No agreement has been reached and there can [...]
Deutsche Bank Strategy 2020: Everything you need to know about Deutsche’s turnaround plan October 29, 2015 Deutsche Bank unveiled a €6bn (£4.4bn) loss this morning: it's less than the €6.2bn it warned of in October, but suggests something needed to change. And lo, new chief executive John Cryan spent the morning outlining Strategy 2020, his plans to turn the bank around. Here's a breakdown of his plans: 1. Cutting jobs – and clients [...]
Playtech share price rises on soaring sales October 29, 2015 Playtech’s sales have been soaring in the last quarter, pushing the gambling softwares company’s shares up. The figures Playtech reported revenues of €170.9m (£122.5m) in the third quarter of 2015. This is up 47 per cent against the same period last year. Adding back the impact of taxes, exchange rates and excluding the company’s recent [...]
Deutsche Bank share price dips as it posts €6bn loss and announces plans to cut jobs October 29, 2015 Embattled lender Deutsche Bank posted a €6bn (£4.3bn) loss for its third quarter, adding it will cut thousands of jobs as part of its turnaround plan. Still, that loss isn't as bad as the €6.2bn loss it warned of in October… Read more: Deutsche Bank's big shake-up – here's everything you need to know The figures [...]
BT’s share price rises after it reports adjusted pre-tax profits rise 15 per cent for the first half of the year as new customers are added October 29, 2015 BT added a record number of television customers in the second quarter, reporting a 15 per cent rise in adjusted pre-tax profits for the first half. BT's share price rose 0.8 per cent in early trading on the news. The figures BT reported adjusted profit before tax of £642m for the three months to the end [...]
Barclays’ share price falls as it reports a 10 per cent slide in adjusted pre-tax profits for the third quarter October 29, 2015 Barclays reported adjusted pre-tax profits to have fallen, missing expectations. Barclays' share price fell 3.34 per cent in early morning trading on the news. The figures Barclays reported a 10 per cent fall in adjusted pre-tax profit to £1.43bn for the third quarter, from £1.85bn last quarter and £1.59bn for the same period a year ago. [...]
The decline of cash is on the cards: City A.M. speaks to MasterCard’s Ann Cairns October 28, 2015 Some sports fans carry the burden of their teams’ fortunes around on their shoulders, often for days after a heroic victory or a dramatic defeat. You know the type I mean – we’ve all worked with them, dated them, got married to them… Hell, some of us are them. The football obsessive who springs into work after a [...]