Bank of England could penalise banks for polluting assets March 10, 2020 Bank of England governor Mark Carney has said Threadneedle Street is weighing up penalties for banks that hold assets that encourage polluting. Carney told parliament’s Treasury Committee in a letter that the Bank is considering a “brown penalising factor”, which he said would introduce tougher capital requirements for banks whose investments encourage “polluting and potentially [...]
STV shares rise as broadcaster posts huge rise in profit March 10, 2020 Shares in STV rose roughly seven per cent today after the Scottish broadcaster posted a huge rise in profit for the full year. STV, which holds the channel 3 licence in Scotland, reported pre-tax profit of £19m last year, up from just £1.9m in 2018. However, revenue slipped two per cent over the period to [...]
Coronavirus: FTSE 100 falters as European stocks fall back March 10, 2020 The FTSE 100 dipped in and out of the red in a volatile afternoon of trading after Black Monday’s global stocks meltdown, before closing up 0.23 per cent. The FTSE 100 and other European indices rose in early trading after President Trump revealed he was preparing a major economic relief strategy. However the semblance of [...]
Oil rebounds after Black Monday price crash March 10, 2020 Oil prices have shown some signs of recovery today after yesterday’s rout which led to such dramatic global stock market falls it was dubbed Black Monday. Brent Crude oil is currently trading at $36 a barrel, an eight per cent increase on yesterday. At the end of February, it was $51 a barrel. “Oil prices [...]
Goldman-backed Neyber finalises sale to Salary Finance March 10, 2020 The Goldman-Sachs backed lender Neyber has finalised its sale to rival Salary Finance. The deal came after weeks of talks after BDO was appointed as an administrator. The takeover by Salary Finance creates a workplace lender with more than 500 corporate clients, including BT, the NHS and Virgin Active. Among the combined client base will [...]
Donald Trump brands Fed ‘pathetic’ after US stocks’ coronavirus bloodbath March 10, 2020 US President Donald Trump has labelled his country’s central bank “pathetic” for not cutting interest rates further in the face of the coronavirus outbreak, which sent stocks plunging yesterday. Trump’s intervention adds to the pressure on the US Federal Reserve to cut rates again after it slashed them by 50 basis points (0.5 percentage points) [...]
Liverpool’s season is at a pivotal point but return of Jordan Henderson can tip balance in their favour against Atletico Madrid March 10, 2020 I never thought I’d be writing this but Jordan Henderson has been a huge loss to Liverpool during his recent spell on the sidelines and it’s a major boost that he’s fit to face Atletico Madrid on Wednesday night. Henderson hasn’t just been missed for his play. He is the glue in this team, the [...]
Huawei rebels defeated – but give government bloody nose March 10, 2020 The government was given a bloody nose by its own backbenchers this afternoon, after a group of rebels led by former Tory leader Iain Duncan Smith stuck to their guns on Huawei. MPs voted 306 to 282 against an amendment calling for Downing Street to stop using “high risk vendors” – a term that appears [...]
EU suspends landing slots rule in bid to ease burden on beleaguered airlines March 10, 2020 The EU has dropped a rule meaning that airlines must run the majority of their scheduled services or risk losing profitable landing slots in a bid to give the industry some relief amid the coronavirus outbreak. Ursula von der Leyen, the president of the European Commission, said that the bloc would temporarily do away with [...]
Iceland’s founding family mulls buying bigger stake March 10, 2020 Iceland’s founder could seek to regain ownership of the supermarket when South African investment company Brait sells its stake. Brait, which owns around 63 per cent of the frozen food specialist, said in November it plans to offload its stake in several British companies, including Iceland, in the next five years. It will also sell [...]
