Tesco extends its financial support for dairy farmers until April February 15, 2016 Tesco is extending its financial support for dairy farmers through to spring, in the face of cold weather and "uncertain times" in the sector. Originally the winter supplement was scheduled to run until the end of February, but it has rolled its financial assistance out until 17 April "to help [farmers] cover their production costs". Commercial director [...]
EU referendum: HSBC could move 1,000 jobs to Paris in the event of a Brexit February 15, 2016 HSBC might not be relocating its headquarters to Hong Kong – but the bank could shift as many as 1,000 investment bank jobs to its Paris office if Britain leaves the EU. Only last night the bank revealed it was staying put after months of uncertainty over its future in London. It noted that the UK was [...]
Virgin Atlantic’s London Heathrow to New York plane VS25 forced to return midflight after laser obscured pilot’s vision: Met Police now investigating February 15, 2016 Metropolitan Police are investigating an incident in which a plane was forced to turn back to a London airport mid-flight, because a laser was being pointed the cockpit. Virgin Airways flight VS25 from Heathrow to New York turned back to the airport because the laser was obscuring the pilot's vision, causing him to feel unwell. There were [...]
Alliance Trust’s share price rises after Katherine Garrett-Cox departure confirmed February 15, 2016 Alliance Trust's share price rose this morning, after the iconic fund confirmed chief executive Katherine Garrett-Cox was leaving through mutual agreement. Garrett-Cox will leave ATI on 11 March after months of discussion around her future at the company. It follows a major strategic review, which has already seen her step down from the board, after a showdown [...]
BAE Systems hires Expro boss Charles Woodburn in new role of chief operating officer – and possible Ian King replacement? February 15, 2016 BAE Systems has appointed Expro boss Charles Woodburn in its newly created role of chief operating officer. Woodburn has been chief executive of the oil business – which is owned by a consortium including Goldman Sachs and Arle Capital Partners – for the last five years. He is also a non-executive director of Seadrill and has more than 20 [...]
Shell share price rises as boss Ben van Beurden hails “significant moment” after £35bn takeover of BG Group goes through February 15, 2016 The energy sector's mega-merger has shrugged off the global market turmoil and collapsing oil price to go through: Royal Dutch Shell now owns the entire share capital of BG. The £35bn takeover, which was first announced in April last year, has come under greater scrutiny as a result of plummeting oil prices, with a number of shareholders [...]
From Google’s tax row and the Black Cabs vs Uber to Storm Imogen and the bank bloodbath: Here’s what got us talking this week February 12, 2016 We saw what London would look like if all the skyscrapers being considered got built. A Shoreditch development is bringing history to centre Stage. And we learned how much the Night Tube delay has hurt house prices in central London. Here's what got us talking this week The banking sector is facing its toughest period since [...]
A response to George Soros: Putin might be a threat to the West – but that doesn’t mean Islamic State is any less so February 12, 2016 George Soros, world renowned billionaire and philanthropist, has claimed that Russian President Putin is a greater threat to Europe than Islamic State (Isis). Putin certainly is a threat to Western interests, and potentially to Europe on account of its close proximity to the territories Putin may look to encroach upon. So it is certainly important that [...]
Five storey building in Istanbul collapses February 12, 2016 A five storey building in the Turkish capital of Istanbul has collapsed and a number of people are believed to be trapped inside, local media is reporting. The Dogan news agency said the building – near Istanbul's pedestrian street Istiklal Caddesi (Independence Avenue), a main shopping district – collapsed on Friday afternoon. A cafeteria was located at the entrance of the [...]
Independent and Independent on Sunday to close in March as Johnston confirms £24m acquisition of the i newspaper February 12, 2016 The Independent and Sunday on Independent will print their last editions next month, after tabloid sister paper the I was sold off to Johnston Press for £24m. An email to staff from ESI Media owner Evgeny Lebedev confirmed the closure of both the Independent and Independent on Sunday. The last print edition of the main paper [...]
