City financier Edi Truell to step down from board of Tungsten March 20, 2016 Venture capitalist Edi Truell is due to step down from the board of e-invoicing group Tungsten Corporation, after offering to buy its assets. Truell will relinquish his role as vice-chairman, having informed the Aim-listed group's board that he wants to take the company private, City A.M. understands. It's expected to be announced in a statement to the London Stock Exchange tomorrow, as was first reported [...]
Ryanair slams French air traffic controller unions as “selfish” for striking and calls for ban on industrial action March 20, 2016 Budget airline Ryanair has hit out at French air traffic controller (ATC) unions over strikes that have seen hundreds of flights cancelled across Europe. The company released a statement this evening repeating its call on the French government and EU Commission to "take action to prevent European consumers regularly being held to ransom by tiny numbers of [...]
Australian Grand Prix: Fernando Alonso escapes 200mph crash as Nico Rosberg beats Mercedes team-mate Lewis Hamilton in first race of season March 20, 2016 Double world champion Fernando Alonso admits he was lucky to survive a spectacular 200mph smash at the Australian Grand Prix, where Lewis Hamilton was beaten by Mercedes team-mate Nico Rosberg. Alonso’s McLaren was sent twirling through the air when he hit the Haas of Esteban Gutierrez on lap 17 and lost all four tyres and much [...]
Paris terror attack suspect Salah Abdeslam wounded in Belgium raid March 18, 2016 A key suspect in the Paris Attacks has been shot and wounded during a raid in Belgium, according to reports. Salah Abdeslam, a wanted fugitive from November's attacks has been "caught alive" after being wounded in a Brussels shootout, according to Sky News. As he was taken alive it is believed he could be the source of [...]
Cheltenham Festival 2016 betting: Forget Victoria Pendleton, Paint The Clouds finally has ideal conditions to eclpise Victoria Pendleton in St James’s Place Foxhunter Chase March 17, 2016 All eyes will be on Victoria Pendleton when she completes the most extraordinary ‘Switching Saddles’ challenge and rides Pacha Du Polder in the St James’s Place Foxhunter Chase (Friday 4.10pm). The former Olympic cyclist had barely even sat on a horse this time last year and it’s astonishing that she is now riding in the hustle and [...]
Telecomms giant BT Group to name Simon Lowth, who has previously worked for BG Group and AstraZeneca, as new finance chief tomorrow morning March 17, 2016 BT Group is set to name Simon Lowth as its new finance chief tomorrow morning. Lowth was previously finance chief at oil company BG Group before it merged with Royal Dutch Shell earlier this year and, prior to this, he was finance chief at pharmaceutical company AstraZeneca. Lowth also sits on the board of Standard Chartered and has [...]
Cheltenham Festival 2016 betting: Gordon Elliott can fulfil dream by landing the Martin Pipe Conditional Jockeys’ Handicap Hurdle with Squouateur March 17, 2016 Trainer Gordon Elliott has made no secret of the fact that one race at the Festival he desperately wants to win is the Martin Pipe Conditional Jockeys’ Handicap Hurdle (Friday 4.50pm). He spent some time with Pipe in the 90s when he was a jockey and credits the legendary trainer as being one of the biggest [...]
Insurance group Phoenix prepares bid for Deutsche Bank’s Abbey Life March 17, 2016 Insurance group Phoenix is preparing to launch a bid for Abbey Life, which is owned by Deutsche Bank. Phoenix is understood to have hired investment bankers to advise on a bid for the company. Abbey Life has been valued at £3bn, but sources close to Phoenix told Sky News the real figure is unlikely to [...]
Sky’s going big on virtual reality with VR studio and plans for Formula 1, boxing, cycling content and more March 17, 2016 Sky is deepening its efforts in virtual reality, an industry expected to be worth $70bn by 2020, with a specialist studio producing new content, including films from the Formula 1 racetrack. Viewers will be able to almost smell the petrol of the pit and experience the hair-raising bends of a Grand Prix track as if they [...]
SkyTrax 2016 World Airport Awards: Singapore’s Changi Airport top holds onto crown March 17, 2016 Singapore's Changi airport has held onto its crown as the world's best airport for the the fourth year in a row. That's according to airport transport research firm SkyTrax's 2016 world airport awards which trumpeted Changi's ability to innovate. "Changi Airport continues to innovate in both product and service options for its customers, and focus on making the [...]