Ryanair finance head Howard Millar is second deputy chief to depart this year June 30, 2014 Ryanair’s finance chief Howard Millar is leaving the airline after 23 years, becoming the second deputy chief executive to quit the low-cost carrier in a year. Millar, 53, is leaving in December “to pursue other career activities”, a statement from Ryanair said yesterday. However he is not cutting all ties, as he will become a [...]
BNP Paribas set to be given six months’ grace before suspension June 30, 2014 BNP Paribas has negotiated terms to water down the record $8.9bn (£5.2bn) fine it is expected to be handed today for alleged sanctions violations in the US. France’s biggest bank has won a six-month stay of execution on its suspension from clearing US dollar transactions, according to the Financial Times. That would give it until [...]
Zenos to speed ahead with sports car production after raising £2m June 30, 2014 SPORTS car maker Zenos has won £2m funding from investors including Carphone Warehouse founder Sir Charles Dunstone. Zenos was founded two years ago by Ansar Ali and Mark Edwards, previously chief executive officer and chief operating officer respectively of Caterham cars. The firm plans to produce its first cars next year, with a starting price [...]
Photographic cheque cashing to bounce payment into digital age June 25, 2014 CHEQUEHOLDERS will soon be able to cash their payment almost instantly by taking a photo on their smartphone and sending it to the bank. The government’s Small Business, Enterprise and Employment Bill will allow banks to process cheques using “digital imaging” technology for the first time. As well as removing the hassle of a visit [...]
Monsanto profit droops but seed giant bullish over future growth June 25, 2014 SEED giant Monsanto yesterday reported a six per cent drop in profit for its third quarter, but impressed investors with plans to double earnings over the next five years and an offer to repurchase $10bn (£5.9bn) in shares. The share buyback throws further doubt on recent reports that Monsanto planned to buy Swiss crop chemical [...]
Use of asset-based finance has risen fivefold in UK in a decade June 23, 2014 USE OF asset-based finance by the UK’s biggest businesses has grown by 16 per cent in the past year, rising from £4.4bn to £5.1bn. Figures from the Asset Based Finance Association (ABFA), the industry body for the UK and the Republic of Ireland, show there has been more than a fivefold increase on the £1bn [...]
