Ryanair is suing Google over search results December 1, 2015 Ryanair is suing Google in Ireland following repeated requests to remove travel comparison site eDreams from search results for the airline. The Irish budget carrier claims eDreams is misleading customers due to similar website layouts. eDreams uses the URL Ryanair.EDreams.co.uk and sells tickets for Ryanair flights with added fees. It follows a successful move by the airline [...]
Insurance company Axa ventures further into India, increasing its stake in its joint venture December 1, 2015 Axa has today revealed that it is increasing its stake in its Indian joint venture companies. The insurer announced that it would be raising its holding in the life and general insurance ventures, Bharti AXA Life Insurance Co and Bharti AXA General Insurance Co, from 26 per cent to 49 per cent in a bid [...]
Marks & Spencer looks to solve legal wrangle with former landlord BNP Paribas December 1, 2015 It’s not just individuals that quibble with their landlords. Marks & Spencer (M&S) is tomorrow hoping to settle a long-running dispute with former landlord BNP Paribas over rent it claims to have overpaid on its old Paddington offices. In July 2011, the high street retailer exercised a break in its leases and served notice on four floors of [...]
St Modwen on track to hit profit targets thanks to New Covent Garden Market boost and regional revival December 1, 2015 St Modwen said it is on track hit full-year profit forecasts, spurred on the by ongoing recovery in the regions, strong investor demand, and a massive valuation gain from its New Covent Garden market scheme. The FTSE 250 company, which is redeveloping Britain’s biggest flower and vegetable market, said occupational demand for its offices in the [...]
Zurich boss Martin Senn steps down after 10 years with the company December 1, 2015 Zurich announced today that its chief executive Martin Senn is stepping down, leaving the company at the end of the year. Tom de Swaan, who has been a member of the company’s board of directors since 2006 and chairman since 2013, has been appointed interim chief executive. A permanent successor for Senn, who has spent [...]
When is the next Budget? 16 March 2016 date revealed by George Osborne December 1, 2015 The dust has only just settled on the chancellor's Autumn Statement, but there's no time to sit back and relax. The year's not even over and George Osborne has penned in the date of his next Budget in 2016: get 16 March in your diary. Osborne told parliament today the date has been set. There's little [...]
Shares in Home Retail rally over Homebase bid rumours December 1, 2015 Shares in Home Retail Group rose more than three per cent yesterday on the back of reports that the former boss of Garden Centre Group is considering a bid for Homebase. Nicholas Marshall, who stepped down as chief executive of the rival garden retail chain – now called Wyevale Garden Centres – in 2012, told [...]
Petra Diamonds’ share price rallies as banks waive some debt covenants and it agrees to buy De Beers’ Kimberley Mines December 1, 2015 Petra Diamonds’ share price skyrocketed today on the confirmation of its Kimberley mine deal and news lenders had agreed to waive some covenant tests. The company’s shares closed up 12.63 per cent, at 72.25p per share, leading the FTSE 250 higher. The group of lenders, including Absa Bank, FirstRand Bank, IFC and Nedbank, told Petra Diamonds they were [...]
Bad news for Brazil: Economy contracted 1.7 per cent in the second quarter December 1, 2015 Brazil's economy contracted for the third quarter-in a row during the three months to the end of September. GDP for the Latin American country shrank 1.7 per cent compared to the second quarter, which was a bigger decline than the 1.2 per cent economists expected. Overall, Brazil's economy is now 4.5 per cent smaller than [...]
Christmas trees could be cheaper to import this year thanks to falling oil prices and a weaker euro December 1, 2015 Forget about cheap fuel, Christmas trees could be a bargain this year, thanks to falling oil prices and a weaker euro. The currency in two of the biggest Christmas tree-producing nations, Denmark and Norway, is weaker at the moment, which means British Christmas tree importers will get more for their money. The Danish krone is pegged to the [...]