Apple stock just got a major upgrade from Goldman Sachs (it’s very confident about the iPhone 8) February 13, 2017 Apple's stock has closed at an all-time high after Goldman Sachs has upped its price target for the tech giant, indicating confidence in the company's upcoming 10th anniversary iPhone. Apple's shares closed 0.89 per cent higher at $133.29 a share. Goldman Sachs predicts Apple's share price could hit $150 over the next 12 months, up from previous estimates [...]
BAE Systems to appoint new boss February 13, 2017 BAE Systems is reportedly set to announce a new boss for the first time in nearly 10 years. It is thought the defence manufacturer will appoint its chief operating officer, Charles Woodburn, as the new chief executive next week. Woodburn joined the company a year ago. Sky News reported that BAE Systems may make the [...]
Canadian PM Trudeau promises not to “lecture” the US over Trump’s travel ban February 13, 2017 President Donald Trump has shared an occasionally tense first encounter with Canadian Prime Minister Justin Trudeau, with both men largely avoiding their differences on immigration. Trudeau has made it clear he opposes Trump's attempted bans on Syrian refugees and migration for passport holders from seven predominantly Muslim countries in Africa and the Middle East. However, the [...]
Retail group calls on government to reduce the burden of business rates February 13, 2017 Business rates have become unsustainable and must be lowered to allow companies to invest, a leading business group has told the government. The British Retail Consortium (BRC) has warned chancellor Philip Hammond that property taxes need reform because they now represent a "disproportionate burden" to businesses. Read more: Culture shock: How London's theatres will be squeezed [...]
Finnish foreign minister vows to fight for “a good deal” between the UK and Europe after Davis talks February 13, 2017 Finland's foreign minister has vowed to push for “a good deal” between the UK and the EU after talks with Brexit secretary David Davis. Davis met Timo Soini in Helsinki at the start of a two-day trip to the Nordic region, and Soini called for "constructive" talks with the UK. “We are hoping, of course all of us, [...]
Struggling Co-op Bank is up for sale, but analysts warn nobody may want to, or be able to, buy February 13, 2017 The Co-operative Bank announced this morning it was putting itself up for sale, but analysts have warned it might be tricky to find somebody to snap up the struggling bank. The bank, which is currently 20 per cent owned by the wider Co-operative Group, had been undertaking an ambitious turnaround plan, after a £1.5bn black hole [...]
Lloyds Banking Group eyes Berlin for new EU base post-Brexit February 13, 2017 Lloyds Banking Group is closing in on Berlin as its new EU hub post-Brexit. It was reported last December that the bank, which is the only major UK retail lender without a subsidiary in another EU country, was looking into establishing a base in either the Netherlands or Germany to make sure it still had access [...]
Greek bailout delay could result in re-rerun of 2015, says governor February 13, 2017 Bank of Greece governor Yannis Stournaras has warned that the country must secure an immediate release of further bailout funds from its creditors or risk recession. “Any further delay in completion beyond this month will feed a new circle of uncertainty,” he told Greece’s parliament. “Such a vicious cycle could return the economy to recession [...]