British banks are chalking out strategies to deal with Brexit fallout, says BoE’s Andrew Bailey May 16, 2016 Bank of England Deputy Governor Andrew Bailey is having “daily” conversations with British banks to chalk out coping mechanisms in the face of a Brexit. Analysts expect that Britain voting to leave the EU is likely to result in sterling losing up to a fifth of its value. "All the banks are looking at this [...]
British Gas owner Centrica purchases ENER-G Cogen for £145m May 16, 2016 British Gas-owner Centrica has announced that it has agreed to buy ENER-G Cogen International from ENER-G Holdings PLC for £145m. ENER-G Cogen is a supplier and operator of combined heat and power products. It has around 1,400 units totalling over 500 megawatts under contract with a growing customer book, Centrica said. The firm operates predominantly [...]
Deutsche Bank hires former EDF finance director Thomas Piquemal as global M&A head May 16, 2016 Deutsche Bank has appointed former EDF finance boss Thomas Piquemal as its global head of mergers & acquisitions. Piquemal, who was until March group senior executive vice president for finance at EDF Group, will also become chairman of corporate & investment banking in France. He quit the energy group after disagreements over investment in Hinkley Point which he [...]
Google’s launched a new group messaging app (and it’s a little confusing) May 16, 2016 Google has launched a new messenger app called Spaces, designed to get you sharing with your messaging groups straight from Google search and YouTube. It's yet another attempt to get in on the lucrative WhatsApp bandwagon, but adds to a confusing line up that already includes Google Messenger (which we had forgotten about, to be honest) [...]
PwC’s Andrew Sentance has a very unusual reason for wanting to stay in the EU May 16, 2016 And you thought Ukippers had weird reasons for backing Vote Leave. Bank of England Governor Mark Carney may be facing a backlash after voicing economic concerns over a potential Brexit, but one former Monetary Policy Committee member doesn't mince his words. Andrew Sentance, senior adviser at PwC and former MPC member, came out in favour [...]
Back by popular demand: Cadbury has brought back this stalwart flavour for the summer May 16, 2016 In yet another win for social media campaigning, Cadbury has announced it will be resurrecting one of its popular 20th century flavours after fans launched an internet appeal to bring it back. The world's second largest chocolate maker will bring back its Tiffin flavoured 95g Dairy Milk bar for a limited, roughly three million bar [...]
Accenture’s launching an artificial intelligence practice with IPsoft’s Amelia May 16, 2016 No sooner than one global consulting giant has jumped on board with the latest technology trend, another follows suit. Accenture is launching an artificial intelligence practice just a week after PwC did the same with drones, in a bid for a share of the multi-billion dollar and fast growing industry. The Amelia practice, named after the AI software [...]
Steel crisis: Small business ministers Anna Soubry slammed for saying steel sector not “totally” free market May 16, 2016 Small business minister Anna Soubry has come under fire from two influential think tanks after she suggested that the UK's steel sector should not be treated as a "totally" free market. Writing in the Sunday Times Magazine, Soubry recalled her early discussions with Prime Minister David Cameron: “Like him I believe the blast furnaces at [...]
British Airways could be about to charge for food on short-haul flights May 16, 2016 British Airways looks set to cave in to the pressure from low-cost airlines and start charging economy passengers for in-flight meals on its short-haul flights, according to reports this afternoon. The flag-carrier has clutched on to its in-flight perks as a key point of differentiation with the likes of Easyjet and Ryanair after the budget [...]