As it dominates discussion at the Eurogroup, will Greece’s crisis go on indefinitely without debt relief? May 9, 2016 NULL
UK set for take off in “drones for business” industry worth billions May 9, 2016 The market for drones in business – from transporting goods to servicing ships and filming TV shows – could be worth $127.3bn (£88bn) and the UK is destined to play a major part in that, new research reveals. Infrastructure, agriculture and transport are the areas where drone technology will have the greatest application, in terms of both labour and services, [...]
Gruppo Campari’s sales go flat in first quarter May 9, 2016 Italian drinks firm Gruppo Campari posted flat results in the first quarter of 2016, with a small boost from an early Easter, though losses were driven by currency headwinds and losses from the firm's Jamaican sugar company. The figures The Wild Turkey, Skyy Vodka and Campari maker posted sales of €327.4m (£259.1m), unchanged from the first quarter of 2015, [...]
UK banks set for US meeting to iron out Iran trade concerns May 9, 2016 Some of the biggest banks in the UK have been invited to meet US secretary of state John Kerry to discuss last year's lifting of economic sanctions on Iran. The British Bankers' Association (BBA) has circulated a note to members asking them to send senior representatives to a meeting with Kerry later this week. The [...]
Extreme frosts in late April could hike the price of French wine prices from regions including the Loire Valley, Burgundy and Champagne May 9, 2016 Severe frosts that hit French wine-making regions at the end of April have caused concerns that wine production could be affected and could force a price hike. Areas including the Loire valley and Champagne, which lends its name to the famous bubbly, were hit with the unseasonably cold weather, which reached its apex on 27 [...]
Live: Pensions lifeboat says that it had concerns about the BHS pension scheme in 2012 May 9, 2016 The BHS' pension scheme was on the Pension Protection Fund's (PPF) radar as far back as in 2012, MPs were told today. Alan Rubenstein, chief executive of the PPF, also explained to a committee hearing that the scheme had a 23-year recovery plan at that point, which is significantly longer than would usually be allowed. Lesley Titcomb, [...]
Deutsche Bank settles unfair dismissal case May 9, 2016 A Deutsche Bank employee who was fired over Libor rigging has received a payout, after the bank decided to settle allegations of unfair dismissal. Shivani Mathur, who was global head of economic resources at the bank’s London office, was one of seven employees ordered to be fired by New York’s banking regulator last year as [...]
Shareholder group not sold on Foxtons exec pay, advising a vote against at the AGM next Wednesday May 9, 2016 The shareholder spring set its sights on a new target today, with an influential shareholder advisory group recommending a vote against the remuneration report. The Institutional Shareholder Services (ISS) has taken issue with chief executive Nic Budden's paypacket, which included a 19 per cent increase in salary and a 20 per cent increase to potential bonus. [...]
Treasury Committee upset about being stood up by Vote Leave’s chief executive: “We’re all pretty grumpy” May 9, 2016 MPs on the Treasury Committee launched an attack on the chief executive of Vote Leave this afternoon. Andrew Tyrie accused Matthew Elliott, chief executive of Vote Leave, of “mucking around” the parliamentary committee. He revealed the committee was “forced to summon you under a parliamentary order”, saying this was the first time he had seen such [...]
Calling all startups: The FCA’s fintech accelerator is open for business May 9, 2016 Fintech startups will now be able to test out their ideas without fear of getting on the wrong side of regulators. A so-called sandbox has been launched by the Financial Conduct Authority (FCA) today offering a tech accelerator environment for young firms looking to disrupt finance. "Supporting innovation is an essential part of our role in promoting competition [...]