Battersea Power Station wins £1.35bn finance deal to fund new development and build Electric Boulevard high street October 28, 2014 Battersea Power Station has secured one of the biggest UK real estate finance deals in recent memory, after a £1.35bn fund was agreed yesterday. The deal represents £750m to fund the development of the power station building on the banks of the river Thames and £600m to build London’s newest high street, Electric Boulevard, in [...]
Ryanair hit with €8.3m French fine over staff contract dispute October 28, 2014 Budget airline Ryanair is facing an €8.3m (£6.55m) fine in France after a court ruled the carrier had breached its labour laws. The appeal court turned down the airline’s bid to have the decision overturned, after French authorities fined it for avoiding social security payments in the country by putting workers on contracts in Ireland. [...]
Disappointing results for cinema chain AMC after weak summer October 28, 2014 Cinema giant AMC posted disappointing third-quarter results last night, following a slow summer for the film and entertainment industry in America. The chain revealed that net income dropped 78 per cent in the latter part of this year, from $33.9m (£21m) in the three months ending 30 September 2013 to just $7.4m for the same [...]
Over to you, chancellor: David Cameron tells George Osborne to probe £1.7bn EU fiasco October 27, 2014 David Cameron has handed chancellor George Osborne and his Treasury colleagues the unenviable task of picking through statistics which led to the UK being landed with a £1.7bn bill from Brussels last week. The Prime Minister openly refused to pay the £1.7bn bill yesterday, which is backdated to 2002 and has been calculated by EU [...]
Marussia becomes latest Formula One team to enter administration October 27, 2014 Formula One team Marussia has become the latest to be placed into administration, following Caterham, which entered administration on Friday. London-based FRP Advisory has taken on the job of assessing and finding a buyer for the struggling team. Marussia will miss this weekend’s United States Grand Prix in Austin, the group confirmed. In a statement [...]
Obama under pressure to put a stop to forced Ebola quarantine October 27, 2014 President Obama is under pressure to end the practice of forced quarantines, imposed by some US states on healthcare workers returning from countries affected by Ebola. The row was sparked after volunteer nurse Kaci Hickox became the first person to be held in New Jersey under the measures, despite not showing any symptoms of the [...]
Ukrainians back Poroshenko as Kiev looks west October 27, 2014 Voters in Ukraine have backed pro-European President Petro Poroshenko following a fraught election campaign, as the nation battles to recover from intense fighting with separatists in the east of the country. Poroshenko’s party looks to have gained around 25 per cent of the vote, according to exit polls last night, with other parties, including government [...]
Rousseff wins Brazilian vote October 27, 2014 President Dilma Rousseff has narrowly won a second term in office in Brazil, following a close-fought election campaign. Rousseff won 51.6 per cent of the vote against centrist opposition leader Aecio Neves, who won 48.4 per cent. The president fought a campaign focused on her record of boosting employment and reducing poverty in the country, [...]
UK troops leave Afghanistan October 27, 2014 UK troops have lowered the British flag at Camp Bastion, Afghanistan, marking the end of the nation’s combat role in the country. The camp, in Helmand Province, was officially handed over to Afghan troops yesterday in a final ceremony. A few hundred UK troops remain on the ground waiting to fly back to the UK, [...]
Vodafone probe into allegation of fraud at Ono October 27, 2014 Vodafone has launched a probe to investigate an allegation of fraud at Ono, the Spanish cable company which the mobile phone giant took over in July this year. The allegation relates to a possible tax fraud in part of Ono’s business, which could have over-inflated the company’s profits ahead of the takeover deal, which was [...]
