Flybe chief exec Christine Ourmieres-Widener says cuts are necessary to make the airline the best in Europe January 30, 2017 The new chief executive of Flybe expressed her excitement at taking over the top job at the airline. Christine Ourmieres-Widener, who started at the Exeter-headquartered airline two weeks ago, said: “Everything I have seen so far confirms my excitement at the opportunity we have to become the best regional airline in Europe.” Read more: Flybe [...]
Generali shares slip with Intesa Sanpaolo shareholders voicing concern January 30, 2017 Shares in Generali, the world's third largest insurance firm, fell over three per cent today with the firm's takeover by lender Intesa Sanpaolo understood to be further away than previously anticipated. Intesa Sanpaolo surprised some shareholders earlier this month by privately revealing it was teeing up a deal to buy Generali, according to local sources. Read more: Intesa Sanpaolo examining [...]
Unicredit gets green light from European authorities paving the way for €13bn fundraise January 30, 2017 European authorities have not raised any issues with Unicredit breaching capital ratios after the bank convinced them it is merely a temporary problem and will be solved by its mammoth €13bn (£11bn) rights issue. Plans for Italy's largest lender to right-size its balance sheet appeared to have been dealt a blow after it revealed this morning it will [...]
Injuries revealed: The Premier League’s worst hit teams of the 2016/17 season January 30, 2017 As the business end of the football season approaches, it's far from unusual for managers and fans to crack open excuses to explain performances that don't make the grade. And one of the more common explanations noted by managers through gritted teeth in their post-match interviews is that their team is has been blighted by a raft of injuries. [...]
Can big business relax? HMRC probes struggle as cash yielded from investigations falls January 30, 2017 The taxman is struggling to squeeze Britain's largest businesses as the cash yielded from its investigations fell by a quarter. HM Revenue & Customs (HMRC) collected an extra £2.6bn from largest businesses in 2016, down from £3.5bn the year before, according to analysis of HMRC’s Large Business Directorat by law firm Pinsent Masons. Read more: "Middle [...]
Brexit uncertainty fails to hamper progress at Smith & Williamson January 30, 2017 Mid-tier beancounters Smith & Williamson said it had delivered a strong performance despite the economic uncertainty created by the Brexit vote, revealing double-digit revenue growth over the period that straddled the referendum. Operating income grew by 10 per cent to £117.5m, while operating profit was over a fifth higher (22 per cent) at £17.7m over the six [...]
The first of many? TP Icap seals first deal under new banner January 30, 2017 Newly named financial broker TP Icap has made its first acquisition, picking up analytics and business consulting firm Burton-Taylor International. TP Icap has its own division providing independent real time information on over-the-counter financial product prices. Burton-Taylor will "complement" this division, TP Icap said. Read more: This high-profile City boss just sold his shares in new company TP Icap [...]
BT to review overseas operations in wake of Italian scandal January 29, 2017 BT is considering the future of its overseas operations in the wake of a £530m accounting black hole in its Italian arm that wiped billions off the value of the telecoms company. Chief executive Gavin Patterson told City A.M. that as a result of the scandal, he would be reviewing Global Services, the international arm [...]
Deadline looms as hope remains Sky and Discovery can hammer out a deal January 29, 2017 Last ditch negotiations between Sky and Discovery will run to the wire this week, with hope remaining that the axing of 12 channels can be averted. Earlier this week, Discovery revealed its UK channels, including Eurosport and Animal Planet, will be binned by Sky at the end of the month after negotiations broke down between the two media giants. [...]
