Metro Bank and Network Rail bosses voted among most popular by staff June 19, 2019 Metro Bank staff have backed their boss Craig Donaldson in a list of the UK’s most popular chief executives. Despite Metro Bank’s tough start to the year, chief executive Donaldson came third in recruitment firms Glassdoor’s top 50 CEOs list with a 98 per cent approval rating from employees. Read more: Troubled Metro Bank slashes [...]
Fraudsters target children as young as 11 to launder money June 18, 2019 Identity fraud reached record highs last year and criminals targeted children as young as 11 to launder money. Criminals targeted younger people and pensioners, the UK’s fraud prevention service Cifas revealed in its annual report. The figures showed more than 189,000 fraud cases were reported last year with plastic card fraud proving the most common. [...]
Trump hits out at Draghi over ‘unfair’ Eurozone stimulus June 18, 2019 US President Donald Trump has hit out at Mario Draghi, claiming his hints of fresh stimulus made it “unfairly easier” for Europe to compete with the US. Draghi suggested the ECB could cut interest rates or expand its bond-buying programme in a bid to reinvigorate the ailing Eurozone economy. Read more: Euro plunges as ECB [...]
Euro plunges as Mario Draghi signals more ECB stimulus June 18, 2019 The euro has plunged and markets have spiked after European Central Bank president Mario Draghi said more stimulus would be needed if the economic outlook failed to improve. Draghi suggested the EBC could cut interest rates or expand its bond-buying programme in a bid to reinvigorate the ailing Eurozone economy. Read more: What will happen [...]
Sterling falls to fresh 2019 low as Boris Johnson gathers support June 18, 2019 Sterling has fallen to a fresh 2019 low as Boris Johnson’s leadership bid goes from strength to strength – ramping up the chances of a no-deal Brexit. The pound slid to $1.2514 overnight – its lowest level since 11 December last year – before recovering slightly. Read more: Andrea Leadsom backs Boris Johnson in race [...]
Oil prices fall for second day as US-China trade war bites June 18, 2019 Oil prices have fallen for a second consecutive day as global growth shows signs of being hit by the ongoing US-China trade war. Brent crude prices have fallen 0.74 per cent to $60.49 per barrel, while US West Texas Intermediate (WTI) crude dropped 0.5 per cent to $51.66. Read more: Middle East tensions push up [...]
Government plans new powers to stop firms exploiting loyal consumers June 18, 2019 The competition watchdog is set to be given new powers to fine companies exploiting consumer loyalty in a crackdown on “subscription traps” and unfair cancellation charges. The government has proposed giving the Competition and Markets Authority (CMA) legal powers to penalise firms without going through the courts. Read more: UK watchdog calls for new powers [...]
Safestore boosted as self-storage market resilient to economic uncertainty June 18, 2019 Self storage company Safestore enjoyed an earnings boost in the first half of the year as occupancy rates rose in its UK and Parisian stores. However, profits fell more than 50 per cent due to a reduced gain on its investment properties. Read more: Safestore plans four new units after strong year of growth The [...]
Deutsche Bank to create €50bn bad bank in radical overhaul June 17, 2019 Deutsche Bank has developed plans to create a ‘bad bank’ to hold up to €50bn (£44.6bn) of assets as part of a major overhaul of its trading operations. The bad bank, known internally as the non-core asset unit, would house or sell assets valued at up to €50bn after adjusting to risk – mainly made [...]
RBS shares jump after Saudi bank merger boosts capital June 17, 2019 Royal Bank of Scotland shares have jumped this morning after the bank said a merger between two Saudi banks would boost its capital and reduce its risk weighted assets by £4.7bn. Saudi Arabia’s Alawwal Bank and rival Saudi British Bank (SABB) completed a merger yesterday, creating the third-biggest lender in the kingdom. Read more: Five [...]
