Problems mounting for stubborn Maurizio Sarri as his footballing philosophy shows its weaknesses at Chelsea January 31, 2019 On the face of things Chelsea are far from a club in crisis. They sit outside of the Premier League’s top four on goal difference and are still in all four competitions, having progressed to the final of the Carabao Cup and the fifth round of the FA Cup in the last eight days. The [...]
Facebook shares soar as it beats estimates on revenue and user numbers January 30, 2019 Shares in Facebook jumped more than eight per cent in after-hours trading tonight, boosted by a welcome set of positive fourth quarter results for the beleaguered social media firm. Revenue at Facebook rose to $16.9bn (£12.9bn) in the three months to 31 December, up 30 per cent compared to the same period last year and [...]
Bill Browder attacks British establishment for allegedly accepting Russian money laundering bribes January 30, 2019 Financier and prominent Putin critic Bill Browder has launched an incendiary attack on "members of the British establishment" for allegedly accepting bribes linked to Russian money laundering. Browder, the chief executive of Hermitage Capital Management, alleged that an investigation into money laundering had uncovered evidence that members of the House of Lords have received bribes [...]
Apple sales come to the fore as big tech firms brace for crunch results January 29, 2019 Silicon Valley will be preparing for market instability this week as several members of the so-called Faang grouping gear up to report quarterly results for the recent festive period. Three members of the big tech club – which includes Facebook, Apple, Amazon, Netflix and Google – will publish figures amid rising speculation that their time [...]
Margarita Louis-Dreyfus completes share buyout after family dispute January 28, 2019 Margarita Louis-Dreyfus has completed the buy out of the Louis Dreyfus Company marking the conclusion of a long-running family shareholder dispute. Louis-Dreyfus, the widow of Robert Louis-Dreyfus whose family founded the agricultural commodity traders in 1851, had aimed to increase her stake since the death of her husband a decade ago. Read more: Family shareholder dispute [...]
US Treasury lifts sanctions on aluminium and power firms linked to Putin ally Deripaska January 28, 2019 The US treasury has lifted sanctions on three companies linked to Russian oligarch Oleg Deripaska – an ally of President Vladimir Putin – despite efforts by Democrats to maintain trade restrictions on the companies. Aluminium giant Rusal, En+ Group and power firm JSC EuroSibEnergo are beneficiaries of the department’s decision to lift restrictions, after Republicans [...]
Inquiry into Deutsche Bank links with Trump launched by US House Committees January 25, 2019 Deutsche Bank confirmed that it had received an inquiry from two US House Committees last night, in a development that comes at the height of Democrat interest in investigating links between Trump and the bank. "The bank has received an inquiry from the House Financial Services and Intelligence Committees," Deutsche Bank said today. "Deutsche Bank is [...]
Gold miner Petropavlovsk looks to gilded year after processing plant opens ahead of schedule January 23, 2019 Anglo-Russian miner Petropavlovsk struck gold today as shares rocketed on the news it expects production to grow by up to 77,000 ounces this year after a new plant opened ahead of schedule. The company said it is targeting gold output of around 450,000 to 500,000 ounces in 2019, up from 422,300 last year. Read more: Gold [...]
Danske Bank faces shareholder action over money laundering scandal January 22, 2019 Danske Bank is facing shareholder action from investors seeking compensation over a €200bn (£175.6bn) money laundering scandal. IMF Litigation Funding Services, Njord Law and Quinn Emanuel allege that Denmark’s largest bank failed to disclose the scale of the crisis to investors, causing them to lose vast amounts of money. Read more: Danish minister says Danske Bank may [...]
The new Urus is the world’s fastest SUV and an altogether different type of Lamborghini January 21, 2019 Remember the furore when Porsche launched its go-faster SUV, the Cayenne, in 2003? Po-faced purists were appalled, yet car buyers were enthralled, and BMW, Land Rover et al soon followed suit. Today, the Cayenne’s popularity means Porsche has effectively become an SUV company that also builds sports cars. Rewind to 1986, however, and it was [...]