Northern Ireland man arrested in Essex lorry deaths probe November 22, 2019 A Northern Irish man has been arrested by police in connection with the deaths of 39 Vietnamese nationals who were recently discovered in a lorry in Essex. Thames Valley Police have detained a 23-year-old man on suspicion of conspiracy to traffic people and conspiracy to assist unlawful immigration. It marks the sixth arrest in the [...]
TSB says hours-long payments glitch is now resolved November 22, 2019 TSB has said a fresh technical issue over delays of payments into accounts has been resolved following hours of uncertainty. The embattled bank has apologised to customers after a processing error sparked anger and confusion among its customers this morning, Customers will not be left out-of-pocket, the bank has said, after some payments into TSB [...]
Nationwide profit plunges 33 per cent November 22, 2019 Nationwide has posted a sharp fall in half-year profit following a final blow from payment protection insurance (PPI) charges and a low interest rate environment. Statutory profit for the six months to 30 September fell to £309m, sliding from £516m in the same period a year earlier. Read more: Bankers disappointed by fees deal As [...]
Banking on the fees: Deal disappointments top off downward year for payouts November 21, 2019 Bankers have been left with a sour taste in their mouths after two of the year’s blockbuster listings look set to deliver a disappointing round of payouts. Hopes of a fee bonanza from Saudi Aramco’s flotation have fallen flat after it emerged that some of Wall Street’s biggest banks have been sidelined in the process, [...]
Outlook for German banks downgraded to negative by Moody’s November 21, 2019 Germany’s banking outlook has been slashed by credit ratings agency Moody’s amid concerns over the current low interest rate environment. Moody’s has cut its forecast from stable to negative for the country’s lenders, adding that their profitability and overall creditworthiness will likely decline over the next 12 to 18 months. Read more: Challenger banks yet [...]
Google vows to curb political ad targeting November 21, 2019 Google has vowed to ban advertisements which target people based on their political leanings, as the debate over digital ads intensifies ahead of the upcoming US presidential election. The tech giant has said it will reduce audience targeting for election ads to age, gender and general location at a postal code level. Read more: Google [...]
British Gas owner Centrica sheds 107,000 customers but shares rise as it sticks to guidance November 21, 2019 Centrica has shed a further 107,000 household accounts in the last four months, but the British Gas owner said it remained on track to hit full-year targets. Investors cheered the results this morning, with shares rising five per cent to roughly 78p. Read more: Centrica wins Ofgem appeal over energy price cap The gas and [...]
Sir Philip Green’s Arcadia confirms new chairman November 21, 2019 Sir Philip Green’s fashion group Arcadia confirmed this morning that it has appointed the former boss of the De Vere hotel and leisure group as its new chairman. The embattled retail firm has drafted in Andrew Coppel, who currently sits on the board of housebuilder MJ Gleeson. Read more: Hammerson continues retail property spree Coppel [...]
Naked Wines boss heads for the exit November 21, 2019 Naked Wines surprised the City this morning after revealing the departure of its boss ahead of a major strategic shift in the business. Rowan Gormley is stepping down as chief executive once the disposal of the group’s Majestic brand is complete and the crucial Christmas trading season is over. Read more: Naked Wines sells wine [...]
More than one in three City workers moved jobs last year amid frustration over career progression November 21, 2019 The scale of churn in the City has been brought to light today, with new data showing almost 40 per cent of professionals in the Square Mile moved jobs last year. Frustration over a lack of career progression was the chief cause for switching jobs among financial workers in 2018, according to the latest financial [...]
