Explosions rock Istanbul airport: At least 41 dead and dozens injured June 29, 2016 A Turkish official has said Islamic State (Isis) is likely responsible for a triple suicide bombing attack which killed at least 41 people and left many more wounded at Ataturk Airport in Istanbul, Turkey, on Tuesday. Officials have said that 23 Turkish citizens and 13 foreign nationals were killed in the attacks. Turkey's Prime Minister Binali Yildirim said three suicide [...]
Tobacco companies remain an addiction for stock market investors – and Brexit gave them a boost too June 29, 2016 Cigarette companies have been under the cosh for years as Western governments try to stamp out addiction to cancer sticks. But the anti-smoking lobby has failed on one count – to sufficiently dent the fortunes of tobacco companies on the stock market. Despite the battering the UK stock market has taken since Friday’s Brexit announcement, shares [...]
Hundreds of UK jobs at Visa could be moved after Brexit June 28, 2016 Visa could be pushed into relocating hundreds of UK jobs to other European countries following last week’s Brexit vote. The move could be forced by an agreement in the recent £17.5bn takeover of Visa Europe by its sister company in the US. Read more: Britons started looking for jobs abroad as soon as the Brexit [...]
S&P and Fitch downgrade UK after “seminal” Brexit vote June 27, 2016 Standard and Poor's and Fitch downgraded the UK's credit rating on Monday evening after last week's Brexit vote. S&P downgraded the UK's rating by two notches, from AAA to AA, with a negative outlook, describing the Brexit vote as "a seminal event". Fitch also downgraded the UK, from AA+ to AA with a negative outlook. "The UK vote to leave the [...]
JJB boss flexes muscles to snap up Fitness First’s UK operations June 27, 2016 JJB Sports founder Dave Whelan is in talks to buy the British operations of gym chain Fitness First. The multi-millionaire business tycoon's DW Sports is set to fork out £70m for a takeover of the business, Sky News reported. Whelan, who also owns Wigan Athletic FC, has been in talks with Fitness First for over a [...]
Texas “frack master” accused of $80m fraud by the SEC June 27, 2016 An alleged shale gas expert who called himself the "frack master" has been accused of orchestrating an $80m (£60.5m) fraud to fund his opulent lifestyle. Chris Faulkner, chief executive of Breitling Energy Corporation (BECC), is said to have used at least $30m of investor funds for personal expenses, including gentleman's clubs and personal escorts, according to the Securities and Exchange [...]
Aston Martin sales rise as it reiterates plans to push ahead with a new plant in Wales June 27, 2016 The sky may be falling for many, but luxury car maker Aston Martin is doing a-ok, it said today: in fact, revenues rose almost nine per cent in 2015. The company, which last year produced a special limited-edition supercar just for James Bond's latest outing, Spectre, said full-year revenues rose to £510.2m in 2015. Meanwhile, adjusted [...]
Daphne Koller on Coursera in refugee camps, and why our education systems won’t help us in the future June 27, 2016 If you've never done a MOOC – a massive open online course – you likely know someone who has. Coursera is the biggest provider in the world. Launched just four years ago, it now has almost 20m learners worldwide, in 140 institutions across 28 countries. In the UK, there are over 600,000 users. Co-founder Daphne Koller was [...]
Accounting watchdog set to announce verdict of probe into KPMG’s HBOS audit June 26, 2016 The accounting watchdog is set to announce the verdict of its probe into KPMG’s audit of collapsed bank HBOS on Monday. The Financial Reporting Council (FRC) met last week to consider the outcome of preliminary enquiries. Read more: FCA confirms it will investigate former HBOS bosses The body said on Thursday that its conduct committee [...]