Tony Hayward reportedly eyeing oil fields in Latin America for a big investor October 11, 2016 The former BP boss, Tony Hayward, is reportedly working with private equity investor Carlyle to find oil fields to purchase in Latin America. Sky News reported that, if successful, he's likely to be paid a fee by Carlyle for introducing the deal to the firm. While it is unclear whether Hayward would have an ongoing role in the new venture, [...]
Hola: Business broadcaster CNBC launches in Latin America October 11, 2016 Business news TV station CNBC is to launch in Latin America as part of a strategic partnership with Sky Mexico. The move is part of the US-headquartered company’s plans to expand into emerging markets. CNBC Indonesia is also set to go live this year. The launch will give the broadcaster a presence in countries such as [...]
JCB quits membership of the CBI following differences of opinion on Brexit October 10, 2016 Digger giant JCB has quit the Confederation of British Industry (CBI) owing to frustration at the industry body's anti-Brexit position. JCB chairman Anthony Bamford was vocal in his support of Britain's exit from the EU and wrote to all 6,500 employees of the Rocester-based company, telling them that the UK had "little to fear" from a Brexit vote. Read more: JCB to [...]
Now Nigel Farage has compared Donald Trump’s performance in last night’s Presidential debate to a “silverback gorilla” October 10, 2016 Nigel Farage has compared Donald Trump's performance in last night's controversial Presidential debate to a "silverback gorilla". Speaking to Sky News, temporary Ukip leader Farage said Trump "dominated" Hillary Clinton in the debate, saying he was like a "big silverback gorilla in the studio". "He took control, he dominated Hillary Clinton. She was very much on [...]
MPs gear up for fight with Theresa May over Single Market access October 10, 2016 MPs are gearing up for a fight with Theresa May over access to the EU’s Single Market, as the government prepares for a series of legal battles over its right to take Brexit decisions alone. May has come under fire from senior backbenchers and business groups after a Conservative Party conference that saw the Prime Minister suggest [...]
The Treasury is to host challenger bank bosses for a post-Brexit summit October 9, 2016 Challenger bank bosses will head to Whitehall tomorrow to lobby the Treasury for better treatment for small institutions. In their first talks since the UK's Brexit vote, lenders will meet City minister Simon Kirby today. According to Sky News, bosses from banks including Aldermore, OneSavings Bank, Secure Trust Bank and Shawbrook will all attend. The banks [...]
Look how much Facebook’s paid in UK corporation tax now October 9, 2016 Facebook's tax bill has sky rocketed in the UK after changing the way its business is structured, however, it has also racked up a credit from the tax man worth millions more effectively cancelling that out. The social network was billed £4.2m in corporation tax for the year to the end of 2015, newly filed documents [...]
Boeing swoops in to save Monarch with restructured fleet deal October 9, 2016 Boeing looks set to swoop in and rescue low-cost airline Monarch, with a multimillion pound financing package. Monarch had been given a two-week extension by the Civil Aviation Authority (CAA) to its permit to sell holidays and flights in the UK, as the firm said it was on the cusp of lining up its biggest cash injection [...]
Premier League shirt sponsors quiz: Do you know what these Manchester United, Liverpool, Tottenham and Sunderland sponsors do? October 7, 2016 Shirt sponsorships generate Premier League clubs millions in commercial revenue every season. According to industry estimates, last season the Premier League's clubs made a massive £260m from splaying corporate brand names and logos across their sacred sporting tapestries. Read more: Why Chelsea parting ways with Adidas makes financial sense After enough hours in front of Sky [...]
How to watch tonight’s spectacular Draconids Meteor Shower – even if you’re in London October 7, 2016 No plans for this evening? How about sitting back and watching the spectacular Draconids Meteor Shower, which peaks tonight? Here’s our guide to getting the best views of tonight’s astronomical phenomenon. What is it? The Draconids, like any meteor shower, is a harmless stream of cosmic debris which causes a spectacular shooting star effect as it enters the [...]