Greek minister says that Greece will try to bring more to the table in debt talks June 20, 2015 Greece will try to put new proposals to creditors in its ongoing negotiations for a debt deal, a Greek minister has said. Although time is running out for leaders to break the deadlock between Greece and its creditors, the country's state minister has said that Alexis Tsipras will likely speak with European Commission chief Jean-Claude [...]
Angela Merkel piles the pressure on Greece as she urges debt deal June 20, 2015 German chancellor Angela Merkel has said that Greece must make a deal with its creditors before Monday's emergency EU summit. Urging the Greek government to come to some agreement, she warned that a deal could not be made on Monday without it. Her intervention comes less than two weeks before the deadline for Greece's June [...]
EU referendum could be held October 2016, according to government source June 20, 2015 The EU referendum will be held in October 2016, according to government sources. The vote, which will ask British voters whether they wish to remain in the EU, is believed to likely take place next Autumn, following David Cameron's renegotiation talks with EU leaders. Officials in Downing Street and the Foreign Office are currently deciding [...]
Liberty concession fined for selling big cat claw jewellery June 19, 2015 A concession at luxury department store Liberty has been fined for selling jewellery made from big cat claws. Annina Vogel was today ordered to pay £2,000 in fines, after having plead guilty to selling the illegal items. The company was also ordered to pay £85 costs and a victim’s surcharge of £120. Police [...]
Greece crisis: European Central Bank offers Greece another liquidity lifeline June 19, 2015 Stocks in Athens were up as much as two per cent this afternoon, after the European Central Bank (ECB) offered a lifeline to Greece this afternoon, increasing the amount of emergency liquidity its banks can draw on for the second time this week. Read more: Countdown to Grexit: The key dates that could save Greece before [...]
Regent Street is home to more global retailers than homegrown, a new report claims June 19, 2015 There are more international retailers on Regent Street than homegrown names for the first time in the iconic road's 192-year history, a new report has found. Regent Street is now home to more than 50 international brands – a quarter of which are from the US – thanks to a flurry of openings in [...]
Card Factory share price falls eight per cent after bosses sell shares June 19, 2015 Shares in discount greetings chain Card Factory slumped eight per cent to 329p per share this morning, after bosses sold shares amounting to 4.3 per cent of the company. The Wakefield-based retailer said senior management had sold off 14.8m shares at 330p per share, making the total placing worth £48.84m. Its chief exec Richard Hayes sold £9.6m worth [...]
London Stock Exchange Group appoints Royal Mail’s Donald Brydon to replace Chris Gibson-Smith as its new chairman June 19, 2015 London Stock Exchange Group (LSEG) has appointed Donald Brydon as its new chairman. Brydon has an impressive CV, having served as chairman of Royal Mail as well as spending 15 years at AXA, where he occupied a number of roles. He will be replaced at Royal Mail by Peter Long, co-chief executive of travel company TUI. Read [...]
Neil Woodford: One year after leaving Invesco, star fund manager reviews his stock picks June 19, 2015 It’s not just Aim that is celebrating a birthday. Star fund manager Neil Woodford is celebrating one year since he left Invesco and set up Woodford Investment Management and the Woodford Equity Income fund. The fund is easily outperforming its sector, up 16.5 per cent for the year, compared with an increase of 7.8 per cent. [...]
Government borrowing in May falls to an eight-year low June 19, 2015 Strong growth in income tax receipts helped whittle government borrowing down to an eight-year low last month. Public sector net borrowing, excluding public sector banks, was £10.12bn in May 2015, compared to £12.35bn from the same time year the same time a year ago. And this was below economists' forecasts of £10.8bn. This meant public [...]