Danske Bank’s British money laundering whistleblower reveals himself September 26, 2018 The internal whistleblower who helped raise the lid on the bank’s Estonian money laundering scandal has revealed himself to a Danish newspaper. Brit Howard Wilkinson, who was the Baltic head of Danske Markets, the bank’s investment arm, said he filed four reports to directors in Copenhagen warning them of unethical practices in Estonia. Read more: [...]
Manchester United posts record revenue, but performances hurt income September 25, 2018 Manchester United posted record revenue of £590m for its full year today, receiving a £10m boost to its broadcasting income after finishing second in the Premier League last season. But broadcasting revenue dropped in the fourth quarter after the team was knocked out of the Champions League by Sevilla in the round of 16 as the team's [...]
Imperial Tobacco expects vaping to be profitable by next year as it prepares to launch two new e-cigarettes September 25, 2018 Imperial Brands is set to launch a tobacco-infused e-cigarette in the first half of 2019 in an attempt to reach new customers as it predicts its vaping segment will be profitable by next year. The company will make further inroads into the vaping sector by launching Nixx to add to its signature e-cigarette Myblu, [...]
Drug maker Novartis to close Grimsby factory as it cuts more than 2,000 jobs September 25, 2018 Pharmaceutical giant Novartis will close its Grimsby factory as it sheds more than 2,000 jobs in the UK and Switzerland. The Grimsby plant will close by the end of 2020, putting 395 jobs at risk not including contractors, although the company said it is open to selling the factory. The closure comes as Novartis attempts [...]
Swedish Prime Minister ousted in no-confidence vote September 25, 2018 Swedish Prime Minister Stefan Lofven lost a no-confidence vote in parliament this morning, but said he is not afraid of a re-run of September’s closely fought election. That election resulted in a hung parliament, which led to today's vote in which 204 of the country’s 349 MPs called for the Prime Minister’s resignation this morning, a [...]
EU regulator sets October deadline to rule on Sony’s EMI takeover September 25, 2018 Sony will find out by 26 October if its $2.3bn (£1.8bn) takeover of EMI Music Publishing will win approval from antitrust authorities. The European Commission set the provisional deadline after being formally notified of the deal on Friday. Sony is already a major shareholder in EMI, having bought 30 per cent of the firm [...]
Earn thousands from your car as the world’s biggest car-sharing platform launches to vehicle owners in the UK September 24, 2018 Car-sharing service Turo, which matches renters with car owners, hopes to sign up many of the UK's 30m cars after it launches to the general market on Tuesday. Currently available to commercial renters in 56 countries, the company has attracted four million renters and owners this year, doubling its user base. Dubbed the ‘Airbnb [...]
Radio giant Sirius acquires Pandora Media in $3.5bn deal September 24, 2018 Two US companies are set to create the world’s largest audio entertainment business after radio giant SiriusXM announced it will pay $3.5bn (£2.7bn) for streaming service Pandora Media. The all-share deal, which will be finalised in the first half of next year, will create a $7bn entity. Shares in the target rose 18.4 per cent to $10.75 [...]
Brockmans Gin doubles UK sales as supermarket expansion pays off September 24, 2018 High-end spirit producer Brockmans Gin nearly doubled UK revenues in the first six months of the year, and grew by a third globally. First-half revenue increased 35 per cent to £4.73m from £3.5m in the same period of 2017, while the company’s UK sales climbed 90 per cent, outstripping market growth of 38 per cent. The Surrey-based [...]
Hot weather and high fuel prices drive consumer spending up in August September 4, 2018 Consumers spent an extra 4.5 per cent year-on-year in August, driven by hot weather and high food and fuel prices. Spending on petrol climbed to 10.9 per cent, while there was a five per cent increase in supermarket spending. Brits also flocked to pubs to enjoy the last of summer, spending 11.9 per cent more [...]
