Ryanair pilots to strike for another seven days in September September 4, 2019 Ryanair pilots have announced a further seven days of strike days in the ongoing running spat with the airline over pay and working conditions. Ryanair pilots who are members of the British Airline Pilots’ Association (Balpa) will strike on 18, 19, 21, 23, 25, 27 and 29 September. Read more: Ryanair flights continue as normal [...]
Just Group share price falls as new regulations slash profits by a quarter September 4, 2019 Life insurer Just Group shares fell 10 per cent this morning after it revealed profit fell more than a quarter in the first half of the year. The company suffered a hit after new rules from the Prudential Regulation Authority, which require more capital behind lifetime mortgages, which is one of its key products. The [...]
Surge in PPI claims could cost RBS an extra £900m September 4, 2019 Royal Bank of Scotland (RBS) has warned that an unprecedented number of PPI claims in the run up to the August deadline could cost it up to an extra £900m. Read more: Banks buckle under the strain of PPI claims RBS expects to take an additional charge of between £600m and £900m relating to the [...]
Donald Trump says China talks going well and turns fire on EU September 3, 2019 US President Donald Trump has said his country is “doing very well” in its negotiations with China and urged Beijing to reach a deal before the 2020 presidential elections. Read more: US-China trade war escalates with fresh tariffs He said that if a trade deal was still under discussion and he won the election, he [...]
Brexit bargains: Foreign buyers snap up UK companies in M&A frenzy September 3, 2019 The value of foreign takeover deals in the UK have jumped over the last quarter, nearly doubling on the previous three-month period after several notable mergers were inked in the City. Read more: UK M&A deal values more than halve amid global tensions Inward mergers and acquisitions, whereby an overseas company acquires a UK firm, [...]
Ryanair flights continue as normal as pilots kick off three-day strike September 2, 2019 Ryanair pilots have begun their three-day strike today, but the airline said it is still operating a normal schedule. Ryanair said it did not expected any strike-related disruption to its flights today, although it has suffered knock-on effects from air traffic control problems that began in France yesterday. Read more: Ryanair loses court bid to [...]
European factory ‘summer slump’ continues through August September 2, 2019 European factory activity stagnated further in August, as a gloomy spell for companies was extended by a continued fall in demand. Manufacturing output fell for the seventh month in a row, according to IHS Markit’s Purchasing Managers’ Index (PMI), a closely-followed measure of sector activity. Economists recorded a PMI score of 47, where anything below [...]
When business partners behave badly: How to rein in a shady coworker September 2, 2019 In the wake of the #MeToo movement, there has been a great deal of focus on how to tackle the toxic work culture that exists in some industries and businesses. Many companies have been pushing for cultural change, motivated by the desire to create inclusive work environments, and limit the reputational and financial damage that [...]
Sajid Javid to meet City figures for talks on a no-deal Brexit September 1, 2019 Sajid Javid will meet key City figures tomorrow in a bid to persuade them that a no-deal Brexit could provide opportunities for businesses. The chancellor is to hold a meeting with the bosses of financial powerhouses such as Barclays, Goldman Sachs and the London Stock Exchange Group on Monday, which will also be attended by [...]
Michel Barnier: Irish backstop is best solution we can offer UK September 1, 2019 The EU’s chief Brexit negotiator, Michel Barnier, has defended the controversial Irish backstop as the best it could offer the UK in any Brexit deal. Michel Barnier said the backstop – the insurance policy designed to prevent a hard border in Northern Ireland – represented the “maximum flexibility” the EU could offer a non-member state. [...]