Former head of Danske Bank in Estonia found dead September 25, 2019 The former head of Danske Bank’s Estonian unit has been found dead near his home after being missing for two days, local police have said. Aivar Rehe led the scandal-hit branch that is at the centre of a major money-laundering case. Read more: Danske Bank misses profit estimate after troubled 12 months “There are no [...]
Thomas Cook Polish unit collapses days after saying it was stable September 25, 2019 Thomas Cook’s Polish unit has announced its insolvency, local authorities revealed today. Yesterday the company cancelled flights for two days and stopped taking new bookings after parent Thomas Cook collapsed on Monday. It came after the firm on Monday said it was continuing day-to-day operations and was in a stable condition. The government yesterday chartered [...]
EDF warns Hinkley Point may overshoot budget by £3bn September 25, 2019 Britain’s signature new nuclear plant could cost up to £2.9bn more than expected, EDF warned today as it signalled that the chance of a delay to the project has increased. The French energy giant said that the new price for Hinkley Point C is estimated at between £21.5bn and £22.5bn, an increase of £1.9bn to [...]
‘As expected’ at Babcock as firm looks to new frigate contract for boost September 25, 2019 Babcock reiterated its expectations for the financial year after a half where its zenith was winning a £1.25bn contract to build new warships for the navy. The firm’s marine sector performed well, Babcock said, as its warship support business revved up. Meanwhile the order book filled up in its technology business. Read more: Defence industry [...]
Sainsbury’s plans local supermarket expansion as it quits mortgage market September 25, 2019 Around 110 new Sainsbury’s Local stores will open up across the country, the supermarket announced today as it closed a swathe of stores and pulled out of the mortgage market. Weeks after reports emerged of a major shake up at Sainsbury’s Bank, the store confirmed that it would immediately stop new mortgage sales. It is [...]
SSE named best in class among big six, but challenger Breeze takes top spot September 25, 2019 SSE has the best customer service of the big six energy suppliers, it was revealed today, as smaller challengers dominated the top five. Citizens Advice rated SSE, which was recently bought out by Ovo, as the second-best for customer service in Britain, one step below first-place Breeze. Read more: SSE sells energy services business to [...]
Government told airline growth should halve if UK wants to meet climate change target September 24, 2019 The government’s climate experts have warned that the predicted growth in air travel needs to be halved or Britain risks missing its emissions commitments. The Climate Change Committee’s chair John Gummer, Lord Deben, said that that aviation emissions could be cut by 20 per cent, but only by limiting growth. Read more: No business is [...]
Labour will nationalise new offshore wind September 24, 2019 Labour today revealed plans to take a majority stake in all new offshore wind farms and pledged a boom in renewable power. The party said it would invest £6.2bn into jump starting home-grown renewable industry. It hopes to unlock a £83bn investment. Read more: The answer is blowing in the wind: Experts hail cheapest ever [...]
EU Court hands Google victory in right to be forgotten case September 24, 2019 Google combed home a win today as it battled a French demand that it extend European right to be forgotten laws across the world. Europe’s top court said that the search giant is not obliged to remove sensitive personal data worldwide. Read more: Google should be allowed to limit ‘right to be forgotten’, says EU [...]
M&C Saatchi warns on profits as accounting scandal drags on September 24, 2019 Shares in M&C Saatchi hit a seven-year low this morning as the company warned that its operating profit for 2019 is expected to fall below expectations. The ad men said that full-year operating profit was likely to land around five to 10 per cent lower than previously announced. Read more: Shares in M&C Saatchi plunge [...]
