French oil giant Total pulls out of Iran over US sanctions August 20, 2018 French oil giant Total has officially pulled out of Iran after the US threatened to impose sanctions on companies doing business in the country, according to Iranian state TV. The country's oil minister Bijan Zanganeh said the process to replace Total – due to develop phase 11 of the South Pars gas field project – was [...]
NMC Health expands IVF services into UK after acquiring Aspen and shares soar following profits rise August 20, 2018 Global healthcare operator NMC Health has expanded its fertility services into the UK after acquiring one of the UK's biggest private hospital providers. Shares soared more than five per cent this morning after the UAE-focused company announced details of its further expansion into Europe and Africa and its half-yearly report showed profits had risen 19 [...]
Polymetal ships first 2,000 tonnes of gold from Kazakhstan mine August 20, 2018 Precious metals miner Polymetal has shipped the first 2,000 tonnes from its new gold mine in Kazakhstan to China. Polymetal International acquired the Kyzyl mine in 2014 for $618.5m and has taken a significant step towards its first cash flow from the project. Approximately 2,000 tonnes of gold concentrate were shipped by rail to an off-taker in [...]
KPMG hit with £2.1m fine for misconduct on Ted Baker audit August 20, 2018 KPMG has been fined £2.1m by the accountancy watchdog over its audit of fashion retailer Ted Baker. The Financial Reporting Council (FRC) has fined and “severely reprimanded” the accountancy giant following its admission of misconduct in relation to the audits between January 2013 and January 2014. Senior statutory auditor Michael Barradell has also been fined [...]
Deportation fear: UBS rogue trader Kewku Adoboli afraid he could be detained today August 20, 2018 Former UBS rogue trader Kweku Adoboli, who was sentenced to seven years in prison after causing a £1.8bn loss, fears he could be detained today ahead of deportation from the UK to Ghana. The 38-year-old told City A.M. he would walk into Livingston police station today, where he reports to immigration officials once a month. It [...]
Crew Clothing improves sales in store and online after investing “very selectively” August 19, 2018 NULL
Confidence in UK economy reaches lowest level this year as directors warn of EU trade uncertainty and skills shortages August 19, 2018 NULL
Bad Apple: Erdogan threatens iPhone boycott after spat with US August 14, 2018 Turkey's President Recep Tayyip Erdogan called for a boycott of iPhones and other American electronic products yesterday as tensions between the two countries escalated. Erdogan remained defiant amid what he called an “economic war” with the US after Washington imposed punitive sanctions on Ankara. “Whatever we buy from abroad we are going to produce here in [...]
