35 psychiatrists have warned Donald Trump’s mental state makes him “incapable of serving safely as President” February 14, 2017 Donald Trump may not be the most popular President ever to set foot in the Oval Office – but now a group of psychiatrists have warned his mental state is so unstable, he shouldn't be in the White House at all. A letter to the New York Times signed by 35 psychiatrists, psychologists and social workers [...]
Acacia Mining doubles its dividend as revenues rise 21 per cent February 14, 2017 Shares in Acacia Mining jumped more that seven per cent this morning as the firm more than doubled its annual dividend. The figures Revenue for the Tanzanian gold producer surged 21 per cent to $1bn (£798m) for the full year ending 31 December 2016 due to a 13 per cent increase in gold sales while the yellow metal's price was up seven [...]
Tui losses narrow as it offloads Travelopia to private equity firm KKR for £325m February 14, 2017 Travel firm Tui has agreed to sell its specialist holiday arm Travelopia to private equity firm KKR for an enterprise value of 381m euros (£325m). It announced the sale ahead of its first-quarter results today, where UK holidaymakers' search for sun bolstered bookings, despite weakened demand for Turkey and Egypt after terror attacks and political uncertainty. Tui shares [...]
Next chapter in leadership for the high street retailer as John Barton steps down as chairman February 14, 2017 Retailer Next today announced chairman John Barton will step down after 15 years with the company. Barton has been on the board of the firm since 2002 and was appointed chairman in 2006. He will be succeeded by the Michael Roney when he retires on 1 August 2017. Read more: Next and Morrisons: What a difference [...]
The rise in insecure work is costing the Exchequer £4bn a year, warns the TUC February 14, 2017 The sharp rise in insecure work across the UK is costing the government – to the tune of nearly £4bn a year in lost tax income and benefit pay-outs. That's according to the Trades Union Congress (TUC), which says that total represents nearly a quarter of the social care budget spent in England. Its new [...]
Credit Suisse posts worse than expected losses with thousands more jobs to go in 2017 February 14, 2017 Credit Suisse's share price jumped over three per cent this morning despite posting greater than expected fourth quarter losses following its settlement with US authorities. The lender also revealed it plans to further reduce headcount in 2017, with 5,500 jobs set to go. Shares in the firm were trading at SFr15.20 at 8.30am this morning. The figures Fourth quarter [...]
Rolls-Royce made its largest ever loss last year February 14, 2017 Losses at aeroplane engine maker Rolls-Royce were worse than thought in 2016, with a loss of £4.6bn. The figures Analysts had mooted a pre-tax loss of £4bn – but in the event, the company racked up a pre-tax loss of £4.6bn in the year to the end of December, it said today, pushed down by [...]
Fears grow for Toshiba as it delays nuclear writedown and earnings announcement February 14, 2017 Shares in Toshiba fell over eight per cent in overnight trading after the conglomerate unexpectedly pushed back an announcement on its quarterly earnings and details of a mammoth writedown of its nuclear business. Investors were waiting with bated breath for the announcement, due today at 3am GMT (12pm Japan time) with the market expecting a charge of [...]
Energy providers are coming up with new methods to move customers to cheaper deals February 14, 2017 As two-thirds of British consumers, or 67 per cent, are still paying for their energy provider's most expensive deal, a consumer group has urged firms to implement new policies. Consumer advice group Which has pushed British energy suppliers to outline new ways to engage customers ahead of Ofgem interventions. Today, it will today publish the responses of 14 companies. "With [...]
One in five startups is planning to set up in Europe because of Brexit February 14, 2017 One in five startups is planning to set up in another county in Europe because of Brexit, but the majority intend to keep their headquarters in the UK, new figures reveal. Just one per cent of the startups surveyed by Silicon Valley Bank said they will move their HQ to somewhere else in Europe, and [...]