Billions wiped off FTSE oil giants BP and Shell after global oil prices sink March 9, 2020 Oil major BP has lost nearly £20bn of its value today as investors ditch energy stock following the oil price rout. Rival Royal Dutch Shell has seen its market capitalisation shrink £18.1bn since the close of trading in London on Friday. Both oil majors have dragged the FTSE 100 to one-day losses not seen since [...]
Boeing share price dives as regulator rejects 737 Max wiring plan March 9, 2020 Boeing’s share price dived today after the aerospace giant suffered another blow in its attempt to get its 737 Max model flying again after US regulators said its wiring bundles did not meet safety standards. Shares initially plunged over 10 per cent before recovering slightly, but the US firm was still down eight seven per [...]
Twitter boss Jack Dorsey keeps jobs after firm strikes deal with activist Elliott March 9, 2020 Twitter boss Jack Dorsey will hold on to his position after the social media firm struck a deal with an activist investor that mounted a dramatic coup attempt. Hedge fund Elliott Management, which is led by billionaire Paul Singer, has built a stake of roughly four per cent in Twitter and pushed for an overhaul [...]
Amazon to sell check-out free store tech to other retailers March 9, 2020 Amazon has launched a new business to sell its check-out free store technology to other retailers. The tech giant launched a website this morning inviting customers to inquire about the service. Amazon, which uses similar technology in its own chain of convenience stores, said it has already signed several deals. The ‘Just Walk Out’ technology [...]
Oaknorth Bank doubles profits but reports a slowdown in growth March 9, 2020 Oaknorth Bank nearly doubled its profits last year, but reported a slowdown in growth. The five-year-old challenger bank reported a 95 per cent jump in pre tax profit to £65.9m, up from £33.9m in 2018. Oaknorth said it had kickstarted efforts to broaden its customer base outside of its core market of London and the [...]
Tyrrell Hatton should realise he is a world beater and give himself a break. Maybe his win at Bay Hill will do it March 9, 2020 Tyrrell Hatton first made a big impression on me when he won the Alfred Dunhill Links Championship, his maiden European Tour title, at St Andrews in 2016. Over the last six holes, under severe pressure, the 24-year-old Englishman was magnificent. I expected him to quickly to become a regular presence in the winner’s circle. He [...]
Ryanair makes further cuts to Italian flights as travel lockdown begins March 9, 2020 Ryanair has announced more cuts to its flight schedules to and from Italy today after the Italian government put the north of the country into lockdown yesterday. As of tomorrow, the budget airline is suspending all Italian domestic flights to and from Milan’s Bergamo and Malpensa airports, as well as those from Parma and Treviso, [...]
Downing Street to publish draft FTA before second round of trade talks March 9, 2020 Downing Street is planning to publish draft legal texts including a free trade agreement ahead of the second round of trade talks with the EU, government revealed today. Boris Johnson’s sherpa David Frost met with his counterpart Michel Barnier last week for the first round of talks, with both sides agreeing there were significant differences, [...]
Oil prices reaction: All the fallout as OPEC sends prices spiralling March 9, 2020 Oil prices fell to a four-year low today after Russia and Saudi Arabia began a price war that triggered major stock market sell-offs. The two oil-producing titans were in talks over a further production cut to protect oil prices against the coronavirus outbreak. But Russia blanched at the prospect of slashing another 1.5m barrels per [...]
Coronavirus: Ireland’s Six Nations clash with France postponed March 9, 2020 Ireland’s upcoming Six Nations rugby game against France has been postponed, the French sports minister has confirmed. Roxana Marcineanu today said the final round clash, which was due to take place in Paris this weekend, has been pushed back indefinitely amid fears over the coronavirus outbreak. France has now recorded more than 1,000 confirmed cases [...]
