Rolls-Royce set to announce 350 new jobs at its Derby operation March 20, 2016 Rolls-Royce is set to announce that it will add 350 new jobs in the UK over the next year. The engineering company's chief exec Warren East is meeting with MPs this week and will tell them the company aims to increase its workforce, a source said. The extra roles will predominantly be based at the [...]
Not all banks on board with pay equality scheme ahead of Tuesday announcement at the Bank of England March 20, 2016 The Treasury is scrambling to sign up remaining banks ahead of radical proposals on gender balance set to be unveiled by the chief executive of Virgin Money Jayne-Anne Gadhia at the Bank of England on Tuesday. The challenger bank boss has been carrying out a nine month investigation into gender equality in the banking industry and [...]
BT plays catch up to Sky over on-demand TV March 20, 2016 Telecoms giant BT is looking into gaining further control over on-demand TV service YouView from TalkTalk in an attempt to build up its market share of the premium TV industry and catch leader Sky. BT has held informal talks with TalkTalk over the future of the joint business venture, which would allow BT to pour [...]
Wentworth golfers declare victory as owner Reignwood scraps a proposed £100,000 joining fee, but the club’s tennis captain and mining grandee Kirill Klip is still on the warpath March 20, 2016 Golfers may have declared victory in the battle for Wentworth Golf Club after Chinese owner Reignwood scrapped plans to charge members £100,000 to rejoin, but the club's tennis captain and resident mining boss is still on the warpath. Following months of discussions, Reignwood announced on Friday it was backing down on a number of proposed measures [...]
Ryanair slams French air traffic controller unions as “selfish” for striking and calls for ban on industrial action March 20, 2016 Budget airline Ryanair has hit out at French air traffic controller (ATC) unions over strikes that have seen hundreds of flights cancelled across Europe. The company released a statement this evening repeating its call on the French government and EU Commission to "take action to prevent European consumers regularly being held to ransom by tiny numbers of [...]
Non-Opec member Oman yet to be invited to Doha meeting March 20, 2016 Oman has said it’s yet to receive an invite to a historic meeting of oil producers, where they’re expected to discuss freezing output to support prices. This is despite Oman being the largest non-opec oil producer in the Middle East, pumping out around 1m barrels per day. "We have been exchanging some views with other oil [...]
Sainsbury’s boss Mike Coupe celebrates a Sport Relief windfall with David Walliams and Eastenders star Maddy Hill as the grocery giant raises more than £7m for charity this year March 20, 2016 Sainsbury's boss Mike Coupe must be feeling pretty confident about his store's competitive streak. A week after revealing strong results, the superstore boss got together with soap opera stars to celebrate the success of Sainsbury's Sport Relief Games. This year, the grocery giant has raised over £7m in aid of Sport Relief, culminating in a series fitness [...]
Navinder Singh Sarao, who has been accused of contributing to the Flash Crash, to discover whether he has been successful in avoiding extradition to the US on Wednesday March 20, 2016 Navinder Singh Sarao, the British trader accused of contributing to 2010's flash crash, will find out on Wednesday whether or not he has won his battle to avoid being extradited to the US. Sarao appeared in Westminster Magistrates' Court last month for the extradition hearing, where lawyers representing the US government argued that he was allegedly heavily engaged in [...]
British Airways, EasyJet and Ryanair forced to cancel flights due to French air traffic control strike March 20, 2016 British Airways, EasyJet and Ryanair have cancelled several flights scheduled for today and tomorrow due to industrial action in France. Air traffic controllers are striking in protest against staff cuts, which industry union UNSA said are unrealistic due to the operational needs of control centres. UNSA also slammed the "considerable technological backwardness" of equipment used by air traffic [...]
Former BP boss Tony Hayward is eyeing a new oil venture March 20, 2016 The former boss of oil giant BP Tony Hayward is reportedly planning to set up an investment fund which will snap up distressed oil and gas assets. He has held talks in recent weeks with potential backers including private equity firms and sovereign wealth funds in the Middle East, the Sunday Times reports. However, his plan remains at an early stage, [...]