Lord Hill receives Kamall boost October 9, 2014 A LEADING London MEP last night gave his backing to the newly-appointed EU commissioner for financial services, Lord Hill. Syed Kamall MEP told City A.M.: “Lord Hill understands and wants to listen to the City while addressing the excesses of previous years. He will find it tough in Europe initially, but he will serve all 28 [...]
Ebola outbreak: Passengers entering UK will be screened at border October 9, 2014 Passengers entering the UK from Liberia, Sierra Leone and Guinea, all countries at high risk of Ebola, would be screened at the border, the government announced yesterday. The news came as a number of new suspected cases emerged outside west Africa, including a nurse in Australia and a British man in Macedonia. UPDATE: [...]
Royal Mail share price wavers as £18m deal over French fine is struck October 9, 2014 Royal Mail revealed yesterday that it had set aside £18m to pay an out-of-court settlement with French competition authorities over an alleged breach of antitrust rules in the country. The £18m pot set aside is split into £12m for the fine and £6m to tackle legal costs associated with the case, which is still under [...]
Royal Mail IPO share price: One year on – will Vince Cable have the last laugh? October 9, 2014 The pressure on business secretary Vince Cable to admit that the government made a mistake pricing Royal Mail shares at 330p has been steadily building since the company floated a year ago. On the first day of conditional trading, shares soared 38 per cent, having already opened at 403p. This increase, coupled with fevered appetite [...]
Douglas Carswell tops polls as Ukip poised to win first MP in Clacton vote October 8, 2014 Former Tory MP Douglas Carswell looks set to become Ukip’s first MP in the House of Commons today, as voters in Clacton-on-Sea, Essex, go to the polls. Carswell, who left the Conservatives in late August triggering a by-election, is expected to win the seat for Nigel Farage, delivering a heavy blow to David Cameron in [...]
FirstGroup share price falls on ScotRail contract loss – now East Coast looms October 8, 2014 Train and bus operator FirstGroup lost its 10-year contract with ScotRail north of the border yesterday, sending shares to their lowest level in over a year and piling pressure on boss Tim O’Toole. FirstGroup lost out to Abellio, which won the £2.5bn contract, a decision which the Scottish government was forced to defend yesterday [...]
Analyst Views: What does the loss of Scotrail mean for the future of Firstgroup? October 8, 2014 GERALD KHOO | LIBERUM All companies are disappointed when they fail to win a contract bid, FirstGroup especially because they ran the line so well for 10 years. They have been shortlisted for four franchises and failed to win three, so it’s all down to the last one now, which is East Coast NICOLAS ZIEGELASCH [...]
Middle of the road Clegg is meandering into Lib Dem electoral oblivion October 8, 2014 IN MOST walks of life, being timeless is a good thing. Not so with political speeches. Yesterday, Nick Clegg delivered the closing address of the Liberal Democrats’ annual conference in Glasgow, a speech so forgettable that he could have given it a year ago. There’s every chance he had actually given it before. The deputy [...]
British MEPs confident that Lord Hill will win finance brief in EU October 7, 2014 LORD Hill is unlikely to be stripped of his banking union brief despite reports to the contrary, a senior UK member of the European parliament told City A.M. last night. Following a day of uncertainty for Hill, the UK’s new man in the EU, British MEPs are confident that he has done enough to secure [...]
IAG and Carnival share prices hit as deadly Ebola virus arrives in Europe October 7, 2014 News that the deadly Ebola virus has reached Europe gave UK travel companies a rocky ride yesterday, with share prices falling across the board. Some of the biggest losers on the news that a nurse in Spain had been infected on EU soil were British Airways parent group IAG and cruise operator Carnival. Both companies [...]
