French President hits out at US policy to levy fines on European companies October 12, 2016 France's President Francois Hollande has accused the US of double standards in throwing multi-billion euro fines at European banks while complaining about European Commission investigations into US companies. Speaking to French magazine L'Obs he explained that this was a key reason why he could not support a European free trade deal with the US. Read more: Merkel, Renzi [...]
Volkswagen latest: VW share price continues to fall after US launches lawsuit January 5, 2016 Investors continued to punish Volkswagen today, with the carmaker's shares slumping 5.4 per cent to €119.55 per share, in response to a US lawsuit over the emissions scandal. Volkswagen shares closed down 6.8 per cent at €125.20 yesterday, after it was sued by the US over alleged violations of the Clean Air Act by fitting illegal devices to evade [...]
Weary RBS investors demand £1bn in compensation for 2008 rights issue disaster December 20, 2016 More than 27,000 RBS shareholders nearly wiped out in the bank’s 2008 rights issue are due compensation of up to 94.5p in the pound, or more than £1bn, according to an independent report commissioned by the investors and seen by City A.M. The shareholders, part of the RBS Shareholder Action Group, are heading to court [...]
Donald Trump will be invited to meet the Queen at Windsor next year November 20, 2016 What a difference a few months makes, eh? In January, MPs were debating banning Donald Trump from the UK, now apparently he'll be invited to meet the Queen next year. The President-elect will be invited to meet the Queen, aka ministers' "secret weapon" to try and really cement the UK's special relationship with America. Read more: Donald [...]
Volkswagen shares are in pole position for a 2017 comeback January 3, 2017 Time to take down the stockings, tuck away the ornaments and get shopping! Because as any bargain-hunter knows, the disappointment that comes from not getting what you want under the tree is easily forgotten by trading up for something better in the January sales. That may be the hope of VW chief executive Matthias Mueller [...]
Donald Trump has tweeted that Nigel Farage would do a “great job” as US ambassador, but Downing Street says: we’ve got one already, and he’s excellent November 22, 2016 President-elect Donald Trump has said that the UK's Nigel Farage would make an excellent ambassador to the US, but Downing Street has hit back saying there is "no vacancy". In a tweet overnight, Trump said: Many people would like to see @Nigel_Farage represent Great Britain as their Ambassador to the United States. He would do a [...]
Twitter share price plummets to fresh low for third day in a row as lawsuit claims Twitter helped Isis terrorists January 14, 2016 Twitter shares have hit fresh all-time lows for a third day in a row, plummeting as much as seven per cent in early trading in New York. After touching $18.57 on Wednesday, shares today touched $17.27, the lowest they have ever traded at. They have closed down on every day of 2016 after sliding more than 30 [...]
Picks of the day: The three stories to read today September 23, 2016 Friday has finally come around, and the beginning of the weekend is only a few hours away. Catch up on the top stories people are talking about today in bite-sized form, before you clock off for the week! Check out our three at three. The 'stairway to nowhere' Amid the controversy surrounding his Garden Bridge [...]
Fitch piles on to Wells Fargo’s woes with outlook downgrade to negative October 5, 2016 Fitch added to Wells Fargo's worries late last night when it downgraded its ratings' outlook from stable to negative. The bank has recently been under the spotlight for all the wrong reasons, after it came to light that 2m accounts had been opened without customers' knowledge, with the lender's intense focus on cross-selling being to blame [...]
The UK has wings: Britain second only to Austria for energy drink sales September 22, 2016 The UK has the second highest rate of energy drink sales per head in the world, according to new research out today. Britain comes second only to Austria, the home of Red Bull, new analysis from the International Chair on Cardiometabolic Risk (ICCR) found. Read more: A spoonful of sugar tax can help fizzy drinks go [...]