Jubilee Line suspended after man suffers head injury at Baker Street August 27, 2019 The Jubilee Line was part-suspended this afternoon after a man suffered a serious head injury at Baker Street station. Service were suspended between Finchley Road and Waterloo while emergency services dealt with a casualty on the track, the Jubilee Line Twitter account said. In an update, it said: “The train involved in the incident has [...]
Johnson & Johnson fined $572m in landmark ruling over opioid crisis August 27, 2019 Johnson & Johnson has been ordered to pay $572m (£467m) in compensation over its role in fueling Oklahoma’s opioid crisis by deceptively marketing addictive painkillers, a US court has ruled. Judge Thad Balkman ruled after a seven-week trial that the pharmaceutical giant had run a “false and dangerous” marketing campaign that fueled America’s opioid epidemic. [...]
Deutsche Boerse offices raided in German tax probe August 27, 2019 Deutsche Boerse, the operator for Frankfurt’s stock exchange, has been searched as part of an investigation into a German tax fraud scandal. Public prosecutors have combed through the premises of Deutsche Boerse’s subsidiary Clearstream over a share-trading fraud case in which the German government was allegedly tricked into paying billions of euros in tax rebates. [...]
Munich airport reopens terminals following security breach August 27, 2019 Terminals 1 and 2 at Munich airport have reopened after four hours following a security breach earlier this morning. Approximately 130 flights were cancelled after federal police ordered the cessation of passenger handling in Terminal 2 and in two areas of Terminal 1 after a passenger opened an emergency exit door to Terminal 2 this [...]
Bunzl profits ‘resilient’ despite slowing global economy and struggling UK sales August 27, 2019 Outsourcer Bunzl’s half year results were helped by the weakness of the pound as it boosted revenue and profit despite UK sales lagging behind the rest of its business. The FTSE 100 distribution giant reported a modest rise in pre-tax profit and nudged its dividend up two per cent. Shares fell in early trading but [...]
Regulator raps British Airways over flight cancellation confusion August 27, 2019 British Airways has been rebuked by the UK’s aviation regulator for telling customers that they will be unable to travel on strike days early next month. BA pilots who are members of the British Airline Pilots’ Association (Balpa) are set to strike on 9, 10 and 27 September in a row over pay and working [...]
Creditors of Gulf Marine Services look at hiring adviser as part of debt negotiations August 27, 2019 Lenders to London-listed group Gulf Marine Services (GMS) are reportedly nearing the appointment of an adviser to boost their efforts in renegotiation talks over the firm’s current debt terms. Abu Dhabi Islamic Bank, HSBC, and Abu Dhabi Commercial Bank are among the creditors looking at picking an adviser, according to Reuters, which reported that two [...]
Natwest and RBS websites crash: Customers struggle to access online banking after outage August 27, 2019 Natwest and RBS banks have still not recovered from major technical issues that have knocked over their websites today. The websites crashed at around 9am and have still not recovered, prompting a deluge of customer complaints on Twitter as people struggled to access their bank accounts. Read more: Natwest apologises after another banking outage The [...]
Big tobacco: Philip Morris and Altria start talks over $210bn mega-merger as Marlboro-makers seek to light up alternative products August 27, 2019 One of the world’s most hotly anticipated mega-mergers kicked off yesterday as tobacco giants Philip Morris International (PMI) and Altria said they were in talks to form a $210bn (£170bn) behemoth. The deal would reunite two companies that split up in 2008 amid regulatory pressures at the time. Read more: Juul raises $325m to fund [...]
Mike Ashley faces shareholder rebellion at Sports Direct AGM August 27, 2019 Mike Ashley could face a shareholder revolt at Sports Direct’s annual general meeting next month after two proxy advisors recommended investors vote to oust him from the board. Pensions and Investment Research Consultants (Pirc) and Glass Lewis have both urged shareholders to oppose the re-election of Ashley, the firm’s chief executive and founder, at a [...]