Deutsche Bank flogs Abbey Life to Phoenix in order to strengthen its capital position September 28, 2016 Beleaguered lender Deutsche Bank is set to welcome nearly £1bn of much needed capital after agreeing to sell Abbey Life to specialist life insurer Phoenix. "This transaction will also strengthen Deutsche Bank’s capital position. We continue to build a simpler and better Deutsche Bank," said chief executive John Cryan. Read more: Angela Merkel might be considering a Deutsche Bank [...]
Deutsche Bank: Where did it all go wrong? September 28, 2016 The German government could be considering a bailout for Deutsche Bank as the lender's share price falls to its lowest level since the mid-1980s and speculation over a rights issue or buyout swirl. The latest trigger has been the Department of Justice's claims for a $14bn settlement over Deutsche Bank's role in the underwriting of [...]
These are the most complained about broadband, phone and pay TV firms, according to Ofcom September 28, 2016 Telecoms regulator Ofcom has revealed the most complained about broadband, phone and pay TV providers for the three months from April to June. “We expect providers to make customer service and complaints handling top priorities," said Ofcom's consumer group director Lindsey Fussell. "While complaints have gone down, providers must work harder to better serve their [...]
Cheers: SABMiller shareholders vote in favour of AB InBev’s £79bn Megabrew takeover September 28, 2016 SABMiller investors have given the green light to Anheuser-Busch InBev’s £79bn Megabrew merger. Minority shareholders for the FTSE 100 drinks giant voted overwhelmingly in favour of the deal, one of the largest in corporate history, with more than 95.5 per cent of votes cast in support. All shareholder hurdles for the mega-merger have now been passed, [...]
What to expect from the final day of Labour Conference 2016 September 28, 2016 It's the final day of Labour Conference 2016 – here's what's likely to happen as newly re-elected leader Jeremy Corbyn takes to the stage to address his party of opposition. It's the final day of #labour party conference, so here's a final update from Liverpool ahead of Jeremy Corbyn's big speech #Lab16 pic.twitter.com/ozu0v0FYDr — Mark [...]
Germany forced to deny Deutsche Bank bailout plans September 28, 2016 The German government has denied it is considering injecting billions of euros into beleaguered Deutsche Bank, following reports from a German newspaper it was preparing an emergency rescue package. Just hours after insisting there would be no state-backed bailout of the bank, German newspaper Die Welt has revealed the government is undertaking contingency planning to assess [...]
Brits are working an extra hour and 12 minutes everyday compared to 10 years ago September 28, 2016 If you feel like you're spending more time at work, new research suggests you're not alone. The Institute of Practitioners in Advertising's (IPA) annual TouchPoints survey of 5,000 people found that Britons are working an additional hour and 12 minutes per day in the workplace, an increase of 22 per cent since 2005. Read more: Forget the work-life balance, we [...]
Tui share price jumps as it satisfies UK holiday-maker’s Mexican desires September 28, 2016 Travel company Tui's share price jumped over two and a half per cent in early trading after revealing that demand for long-haul breaks in destinations such as Mexico would bolster full year performance. The German giant – known in the UK for its Thomson holidays and airline brands – upped its operating profit guidance and said earnings growth would be between [...]
Elon Musk’s totally nuts mission to Mars in nine crazy numbers September 28, 2016 Not content with pushing the boundaries for transport on earth with Tesla, prolific entrepreneur Elon Musk is taking his work on SpaceX a step further out of this world… literally. His ambitious plan to colonise Mars were revealed in not only a highly anticipated event but also a highly detailed one in which Musk laid out ambitious estimates of [...]