French bond yields rise as Fillon scandal threatens to deliver far-right Marine Le Pen the Presidency February 2, 2017 Investors are fleeing French government debt on fears that far-right Marine Le Pen will become President, as the candidacy of former favourite Francois Fillon continues to be tainted by a scandal involving his Welsh-born wife. The yield on the French 10-year government bond has risen steadily over the past month to reach highs of 1.128 [...]
Don’t go bacon my heart: US says pig shortage claims are mere porkies February 2, 2017 US pork producers have been forced to defend themselves after a ham-fisted online debate led many to believe the nation was short of bacon. Read more: Say cheese: Londoners love burgers more than anyone else Concerns surfaced on Twitter under hashtags #BaconShortage and #BaconReserves after the US Department of Agriculture data showed frozen pork belly reserves were waning. [...]
German prosecutors probe share purchase by Deutsche Boerse boss before London Stock Exchange merger deal February 2, 2017 German authorities are investigating a share purchase by Deutsche Boerse’s chief executive shortly before the company announced its plans to merge with the London Stock Exchange. The German exchange announced on Wednesday evening that the public prosecutor’s office of Frankfurt was investigating the share purchase by Carsten Kengeter, made on 14 December 2015. Shares in [...]
Severe delays on Victoria line due to a person ill on a train February 2, 2017 There are severe delays on the Victoria line this morning after a person was taken ill on a train earlier. https://twitter.com/victorialine/status/827077112704167936 Plans for a strike beginning on Sunday evening are currently still in place, despite talks held earlier this week aimed at putting a stop to further industrial action. Transport for London warned commuters today [...]
Deutsche Bank more than €1bn in the red for 2016 – but it’s better than last year February 2, 2017 Deutsche Bank has racked up losses of more than €1bn after a difficult 2016, but still improved significantly on the year before. The figures The struggling German banking giant reported a net loss of €1.4bn (£1.2bn) for 2016, although that is a €5.4bn improvement on 2015's €6.8bn loss. The bank also recorded net losses of €1.9bn in its fourth quarter, again [...]
American Airlines has opened its first office in Cuba despite Trump uncertainty February 2, 2017 American Airlines has formally opened its first office in Havana, Cuba, despite uncertainty on US President Donald Trump's approach towards the country. It comes two months after the airline's first scheduled commercial flight from the US to Havana in over 50 years. The airline said the flight and the new office underlined the company's commitment to [...]
Podcast: Why virtual reality is about to rock your world February 2, 2017 This week the Unregulated podcast straps a black box to its face and immerses itself in the VR industry. From becoming a part of the Apollo 11 mission to assembling the parts of a human heart, we discover how VR will change the classroom, and office, of the future, how entrepreneurs can tap into opportunities in the field – [...]
AstraZeneca shares fall despite in line full-year earnings February 2, 2017 AstraZeneca shares slipped over one per cent after warning many of its patents will run out during 2017. The figures Fourth quarter revenues were down 13 per cent at $5.6bn with full year revenues lower by seven per cent at $23.0bn. Core operating profit was up by 30 per cent in the quarter at $2.0bn, [...]
Worldpay appoints Santander’s head of innovation Peter Jackson as new UK chief executive February 2, 2017 Worldpay has appointed Banco Santander's head of innovation as its new UK chief executive. Peter Jackson joins the FTSE 100 payment processing company on 1 March, replacing Dave Hobday who left Worldpay in December to head up the RAC. He will report to group chief executive Peter Jansen. Read more: Worldpay shrugs off Brexit concerns as bumper [...]
Here’s why Vodafone’s share price fell at the open February 2, 2017 Vodafone's share price dropped three per cent at the open after it said earnings would be in the lower end of its previous guidance. The figures In its trading update for the quarter ending 31 December, Vodafone said its organic service revenue had grown 1.7 per cent to €12.3bn (£10.5bn). But it said its full [...]