Canada chooses British-designed frigate for multi-billion warship contract October 20, 2018 The Canadian government said last night it had selected the British-designed Type 26 Frigate in a competition for its new generation of warships. The BAE-designed frigate was being put forward by a consortium led by Lockheed Martin Canada and also including BAE, CAE, L3 Technologies MDA and Ultra Electronics. Read more: Russia to deploy missiles [...]
Saudi Arabia admits missing journalist Jamal Khashoggi was killed at its consulate October 20, 2018 Saudi Arabia admitted yesterday that missing journalist Jamal Khashoggi was killed at its Istanbul consulate, but claims he died in a fight. The admission follows two weeks of denials from Saudi Arabia that it was involved in the dissident journalist’s disappearance, despite CCTV footage showing Khashoggi entering the embassy and claims from Turkish authorities that they had [...]
FTSE round up: Unilever boosts index as Easyjet sinks October 19, 2018 The FTSE 100 closed up 0.8 per cent for the week on after climbing to 7,051.41 today on the back of strong performances from consumer goods companies Reckitt Benckiser and Unilever. Unilever’s shares were up 3.11 per cent, reversing yesterday’s losses which followed it delivering a solid, but slightly underwhelming set of third quarter results. [...]
Daimler issues profit warning and shares plunge October 19, 2018 German car maker Daimler issued its second profit warning in four months today, sending its shares to a five-year low. The Mercedes-Benz owner said costs from “government proceedings and measures in various regions” affecting its diesel vehicles were to blame. Read more: Daimler names new CEO It said it now expects its full-year earnings before [...]
Irish premier Varadkar says even with Brexit transition extension Irish ‘backstop’ needed October 19, 2018 Ireland’s Taoiseach Leo Varadkar said today that even if the UK’s post-Brexit transition period were extended Ireland would still need a backstop arranged to prevent a hard border with Northern Ireland. Speaking on the third day of the EU summit meeting in Brussels, Varadkar said without an Irish backstop any withdrawal treaty may fail to [...]
Singapore Prime Minister says EU-Singapore trade deal could be extended to UK post-Brexit October 19, 2018 Singapore’s Prime Minister Lee Hsien Loong said today he would be prepared to extend the terms of Singapore’s recently agreed trade with the European Union to the UK. “We hope we will be able to continue arrangements with Britain whether or not it is inside the EU… And then we have time to work some [...]
Investment platform AJ Bell boosts customers ahead of float October 19, 2018 Investment platform and stockbroker AJ Bell said today it had increased customer numbers by 20 per cent in the last financial year ahead of a planned main market listing. In the year to 30 September customer numbers increased 20 per cent to 197,912 and assets under administration grew 16 per cent to £46.1bn. Read more: [...]
Persimmon boss Jeff Fairburn walks off in interview about £75m bonus October 19, 2018 The chief executive of housebuilder Persimmon Jeff Fairburn refused to answer questions about his massive £75m bonus in an awkward interview with the BBC yesterday. Fairburn was in line for a bonus of over £100m last year before agreeing to donate £25m to charity to take his bonus to £75m. Read more: Help-to-Buy fuels rise in [...]
London Stock Exchange delivers strong results as it boosts holding in clearing house LCH October 19, 2018 The London Stock Exchange Group (LSE) grew revenue five per cent in the third quarter it said today as it announced a further £384m investment in clearing house LCH Group Holdings. In the quarter to 30 September LSE’s total revenue grew to £464m while its total income expanded eight per cent compared to the same [...]
Nearly half of major insurance claims disputed by insurers October 18, 2018 Almost half of large commercial insurance claims are disputed by insurers and on average take three years to resolve, according to new research. Insurance governance company Mactavish said that the increasing complexity of insurance meant that many companies do not understand the risks they face and may not have appropriate cover in the event they [...]
