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campaign’ March 2, 2019 The United States’ ambassador to London has launched an attack on what he sees as the EU’s outdated farming practices, saying they should not impede a post-Brexit trade deal.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: [...]
Bronek Masojada: The Hiscox CEO who’s got the City covered February 25, 2019 Hiscox chief executive Bronek Masojada is no stranger to the City of London Corporation. Nearly 10 years ago, his insurance house sued the body over the demolition of a building near its office, which would later be cleared to make way for the “Helter Skelter” skyscraper at 22 Bishopsgate. Now, after pursuing the organisation from [...]
Kevin Hart, the Oscars, and social media – don’t leave any skeletons in your online closet February 21, 2019 The Academy Awards and drama go hand in hand, but this year’s choice of host dominated the news for all the wrong reasons. In December, homophobic tweets made by the chosen host, American comedian Kevin Hart, resurfaced from the late 2000s. The Academy offered him an ultimatum: apologise or step down. He went for the [...]
Awards 2022 February 20, 2019 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]