Barclays is selling its Irish insurance unit, as it continues to ditch its non-core business November 8, 2016 Barclays announced today it has agreed to sell its Irish insurance business, marking the latest step in a long journey to scale back its non-core business. The bank will sell Barclays Insurance (Dublin) Designated Activity Company and Barclays Assurance (Dublin) Designated Activity Company to Monument Re for an undisclosed sum and the deal is expected to [...]
Hertz slams on the brakes: earnings to be a fraction of previous guidance November 8, 2016 Shares in car rental giant Hertz were in freefall today, plummeting as much as 50 per cent after it slashed full year forecasts. The US company said it expected forecast adjusted profit of between $0.51 and $0.88 per share, a fraction of its guidance earlier in the year of between $2.75 and $3.50 per share. Read more: [...]
Entrepreneurs must be nimble in the face of cyber risks November 8, 2016 Chancellor Philip Hammond announced last week that, over the next five years, the government will invest £1.9bn in trying to tackle cyber attacks. There’s an argument that a sizable chunk of this funding should be directed towards stopping the problem at source abroad, but for UK-based entrepreneurs, their fight against cyber crime will necessarily be [...]
When will the results of the US Presidential election be announced? Here’s what previous years suggest… November 8, 2016 Tired of Trump? Heedless of Hillary? In less than 12 hours, the US Presidential election will be over, and for better or worse, we may even know who the new leader of the free world is. But what time will the results come rolling in, and how can you watch it online? Here's everything you need [...]
Direct Line motors ahead of expectations despite whiplash concerns November 8, 2016 Direct Line's share price edged up slightly today after revealing a strong nine month performance from its motor brands. Shares were up around 0.5 per cent after the company said that the amount of motor insurance the group had written increased by 10 per cent. Overall gross written premiums were up by 4.2 per cent compared with the [...]
London is the “money-laundering centre of the world” says US businessman Bill Browder November 8, 2016 US-businessman Bill Browder has said the UK government is "appeasing" Russia by refusing to implement stronger sanctions against the country. "I have seen in real life the appeasement which goes on on a day to day basis with relation to Russia," he told MPs on the foreign affairs committee this afternoon. Back in 2004, Browder was the [...]
BP and Oman Oil Company get sign-off to extend licensing area in giant Khazzan tight gas field November 8, 2016 BP and Oman Oil Company have signed an agreement with the government of Oman to extend their licensing agreement in Oman's huge Khazzan gas field, paving the way for a second phase of development at the site. The amended exploration and production sharing agreement adds more than 1,000 sq km to the south and west of the [...]
What the analysts are saying about the M&S results: ‘Seismic change’ needed after ‘humiliating’ plans unveiled November 8, 2016 Retail experts have blasted Marks & Spencer's plans for a turnaround – even taking a swipe at the firm's recent collaboration with Alexa Chung – and warned that without "seismic change", the group risks continuing its "terminal decline" to its inevitable conclusion. Marks revealed a massive drop in profits this morning, and outlined plans to close [...]
Article 50 rematch: Supreme Court hearing dates announced November 8, 2016 Government's appeal to the Supreme Court for the Article 50 case is officially on. The highest court in the country announced today it has set aside four days between 5 and 8 December to hear the appeal, although exactly how long the case will last will depend on what further legal submissions are received. All 11 of [...]