Ousted Nissan chairman Ghosn on brink of release after posting £6.85m bail March 6, 2019 Former chairman of Nissan Carlos Ghosn has paid one of the highest bail charges ever in Japan of 1bn yen (£6.85m), according to Tokyo District Court, meaning he is on the verge of being released on Wednesday. The ousted boss has served more than three months in prison over accusations of financial misconduct, but his [...]
Superdry to cut jobs at head office amid £50m cost-cutting plan March 5, 2019 Under-pressure fashion group Superdry has confirmed today that it is to slash jobs at its head office as part of a major cost-cutting plan. More than 100 jobs are facing the axe, predominantly at the firm’s headquarters in Cheltenham, in the wake of the company's announcement late last year that it is looking to save [...]
Counter terror police investigating explosive devices at Waterloo Station, Heathrow Airport and City Airport March 5, 2019 Counter terrorism police are investigating after explosive devices were found at Waterloo Station, Heathrow Airport and City Airport today. The Met Police counter terrorism command said it was treating the incidents as linked. Packages containing what police said were “small improvised explosive devices” arrived at the three locations this morning. The packages were A4-sized white [...]
Direct Line operating profits slip as it warns on impact of no-deal Brexit March 5, 2019 Direct Line posted a fall in full-year earnings this morning, with the blue-chip insurer striking a cautious tone over threats of a "disruptive Brexit". In outgoing boss Paul Geddes’ final annual results statement for Britain's largest motor insurer, operating profits dipped during the 12 months and the total dividend payout was slashed. "The increased focus on [...]
Carlos Ghosn granted bail by Japanese court March 5, 2019 Former Nissan chairman Carlos Ghosn has been granted bail by a Tokyo court after serving more than three months in prison over accusations of financial misconduct. In a surprise overnight decision, a Japanese district court has set bail for the ousted boss at 1bn yen (£6.8m). The news comes in the wake of two previous [...]
Liam Fox refuses to rule out chlorinated chicken as part of UK-US trade deal March 3, 2019 International trade secretary Liam Fox yesterday defended the outlines of the UK’s potential trade deal with the US, insisting that Britain would not accept anything that was against the interests of consumers. Fox played down the safety concerns over chlorine-washed chicken and hormone-induced beef. The EU currently limits US exports of both products but the [...]
US ambassador urges Britain not to be deterred by EU agriculture ‘smear campaign’ March 2, 2019 The United States’ ambassador to London has launched an attack on what he sees as the EU’s outdated farming practices, saying they should not impede a post-Brexit trade deal. On Thursday, the US Trade Representative’s office (USTR) said it would try to reduce regulatory differences between the countries and cut barriers stopping US industrial and agricultural [...]
Customers unable to access Revolut app after digital bank suffers outage March 1, 2019 Revolut customers were unable to use the digital bank’s app this morning after the firm suffered a technical glitch. The Revolut app was unable to process card top ups and money transfers for at least four hours today while the challenger bank attempted to fix the problem. Read more: Revolut pushes ministers for fast-track tech [...]
US lays out demands for free trade deal with UK, raising concerns over food regulations March 1, 2019 The United States has taken a hard line on post-Brexit trade talks with the UK, demanding greater access to British markets where products such as chlorinated chicken are currently banned by the EU. In its negotiating objectives for a future free trade deal, the US Trade Representative’s office (USTR) said it would try to reduce [...]
Travis Perkins’ share price rallies despite moving into the red amid ‘challenging’ market February 26, 2019 Travis Perkins shares rallied on beaten analyst expectations even as the company posted a loss for the first time in years for 2018 against a “challenging” market backdrop. The figures The builders’ merchant grew revenues 4.8 per cent to £6.7bn last year, with like-for-like revenue growth up 4.9 per cent – faster than 2017. Read more: [...]