Nissan ‘faces SEC probe into executive pay reports’ January 28, 2019 Nissan is reportedly facing a US probe over whether it accurately revealed executive pay, it emerged today. The Securities and Exchange Commission (SEC) is set to begin an investigation into the matter, according to Bloomberg, coming as the company’s former chair stands trial on charges of financial misconduct. Read more: Ghosn 'paid Saudi businessman with company [...]
January retail sales hit new low as Brexit uncertainty hits consumer spending January 25, 2019 Sales hit their lowest levels in more than seven years in January as Brexit uncertainty continues to rock the retail sector, according to a new CBI survey. The survey of 103 firms, just under half of which were retailers, showed sales in January were well below the average for the month and marked the lowest levels since [...]
Inquiry into Deutsche Bank links with Trump launched by US House Committees January 25, 2019 Deutsche Bank confirmed that it had received an inquiry from two US House Committees last night, in a development that comes at the height of Democrat interest in investigating links between Trump and the bank. "The bank has received an inquiry from the House Financial Services and Intelligence Committees," Deutsche Bank said today. "Deutsche Bank is [...]
Cleared Tesco executive launches legal action against supermarket following £250m accounting scandal January 25, 2019 A former Tesco executive recently cleared over the retail giant’s £250m accounting scandal is suing the supermarket following the collapse of the Serious Fraud Office's (SFO) case against him last year. Chris Bush, one of Tesco’s most senior employees who joined the supermarket chain upon leaving school, was acquitted of charges of fraud and false [...]
Flybe shares tank as airline pushes on with 1p-per-share Virgin-led bid January 24, 2019 Flybe’s shares sank as much as 47 per cent this morning as investors reacted to news that the struggling airline is pressing ahead with a takeover offer that will leave them an offer worth just 1p per share. A Virgin-led consortium today provided the budget airline with the first £10m chunk of a bridging loan [...]
EXCLUSIVE: Corbyn hosts Venezuelan diplomat in parliament as anti-Maduro protests erupt across the socialist country January 24, 2019 Labour leader Jeremy Corbyn hosted a Venezuelan diplomat in parliament on Wednesday evening, as hundreds of thousands of Venezuelan citizens took to the streets demanding an end to the socialist regime of President Nicolas Maduro. Read more: Gove tears into Jeremy Corbyn as government defeats no confidence vote Corbyn was a vocal supporter of Maduro's [...]
The Irish border shows it’s time for all sides to bend a little on Brexit January 24, 2019 During the Brexit referendum campaign it was the future of the EU's border with Turkey that got all the attention, not the UK's frontier with Ireland. Yet, as time ticks down to Brexit day on March 29, the Irish border question is dominating debate and holding up the ratification of the withdrawal agreement. Read more: [...]
Davos: Liam Fox agrees future trade deal with Israel as UK seeks to maintain existing EU agreements after Brexit January 23, 2019 The UK has agreed its first post-Brexit free trade deal in principle, Liam Fox said at Davos today. The international trade secretary said Britain and Israel have shaken hands on a future deal ahead of the UK’s planned departure from the bloc. Read more: Fox warns Brexit delay would be worse than no deal “As [...]
Ex-Barclays executives ‘made secret Qatar payments to avoid government bailout’, court told January 23, 2019 The ex-boss of Barclays and three former executives were accused today of committing fraud to avoid a government bailout at the height of the financial crisis. The case, filed by the Serious Fraud Office (SFO), says senior Barclays employees made secret payments to Qatar in exchange for substantial investment in the bank, in order to avoid [...]
Liam Fox blasts Brexit delay, warning it would be worse than no deal January 23, 2019 Delaying Brexit would be a worse outcome for the UK than no deal at all, international trade secretary Liam Fox warned today. Extending Article 50 beyond the end of March would prove “calamitous” for politicians by breaching the public’s trust, Fox said. Read more: WTO members block UK bid to fast-track post-Brexit entry Meanwhile,cancelling the [...]
