Nigeria could appeal $9bn handed to gas company by British court August 19, 2019 Nigeria has grounds to appeal a decision to grant an Irish natural gas firm $9bn (£7.4bn) in damages after a deal with the government fell through, the head of the country’s central bank has said. Godwin Emefiele said Nigeria would be able to appeal the decision handed down by the British Commercial Court on Friday. [...]
Man charged over Home Office stabbing August 19, 2019 A man who allegedly stabbed a government worker outside the Home Office last week has been charged, police said this morning. Dominic Hornberger, 29, will appear in front of Southwark Crown Court on 13 September, Scotland Yard confirmed. Read more: Home Office stabbing: Man’s injuries ‘not life-threatening’ as police cordon off area Armed police responded [...]
Waiting game: British tanker will not be released until court go-ahead, says Iran August 19, 2019 Iran has said it is waiting for a court order before it can release a British oil tanker seized by its Revolutionary Guard. The Stena Impero was impounded by Iranan authorities a month ago today for alleged marine violations. Read more: Britain will join US to protect ships from Iranian attack It followed the seizure [...]
Mitie sells food unit to the Queen’s caterers August 19, 2019 Outsourcer Mitie will sell its catering and hospitality business for up to £85m to the Queen’s caterers, CH&CO it said today. The decision comes as the company tries to turn around in an environment where outsourcers are finding it increasingly difficult to operate. After a review of the business, Mitie decided that its catering wing [...]
Safestore joins forces with Carlyle in Dutch takeover August 19, 2019 Safestore has joined forces with private equity giant Carlyle to buy a Dutch self-storage chain while making a £6.5m Heathrow acquisition by itself. The business will take a 20 per cent stake in M3 Self Storage for around €5m (£4.6m) when the deal is completed at the end of August. The deal, which is expected [...]
Nextmove cancels order for 85 Teslas over paint defects and faulty wiring August 16, 2019 German car rental firm Nextmove has cancelled most of its order of 100 cars from Tesla over quality problems, it said today. The firm said the more than €5m (£4.57m) deal was called off after it was unable to reach a deal with Tesla over how to fix a series of issues with the cars. [...]
Novo Nordisk faces £1.4bn lawsuit over US insulin reporting August 16, 2019 Pharmaceutical company Novo Nordisk has been hit with a nearly 12bn Danish krone (£1.4bn) lawsuit by shareholders, it confirmed today. The case, which was filed earlier in a Copenhagen court, alleges that the company did not make the “appropriate disclosures regarding its sales of insulin products in the USA”. Read more: Astrazeneca share price rises [...]
P&ID can seize $9bn in Nigerian assets, British court says August 16, 2019 An Irish-owned firm was today granted court permission to seize up to $9bn (£7.4bn) in assets from the Nigerian government. A British judge said that Process and Industrial Developments Ltd (P&ID) can take 20 per cent of Nigeria’s foreign reserves. The move will likely raise concerns among foreign investors. The saga dates back to a [...]
FTSE 100 and FTSE 250 reopen after glitch hits morning trading August 16, 2019 Trading in FTSE 100 and 250 stocks has reopened after a software issue that delayed the starting bell this morning was resolved. The London Stock Exchange (LSE) said it had “experienced a technical software issue” that had “affected trading in certain securities” but that this had been resolved. Read more: London stock exchange seals $27bn [...]
Cathay Pacific boss steps down amid Hong Kong protests August 16, 2019 The chief executive of Cathay Pacific has resigned after coming under increasing pressure from the Chinese government over his staff’s role in protests which have rocked Hong Kong. Rupert Hogg steps down after the company fired four members of staff for joining protests in Hong Kong against the government’s ties to the Chinese authorities. Read [...]
