Miners must ‘get their act together’ on safety after dam tragedy says top investor February 17, 2019 The mining industry will have a “come to Jesus moment” after the Vale dam disaster and must work together to improve safety, one of the UK’s top mining investors has said. Anglo Pacific boss Julian Treger said miners must ensure the tragedy, which is thought to have killed over 300, is not repeated. “The sector [must] [...]
Nike’s Dutch tax status to be investigated by European Commission January 10, 2019 The European Commission has opened a detailed probe into whether Nike has received an unfair advantage over its competitors by being granted a favourable tax environment in the Netherlands. The Commission said the Netherlands issued five tax rulings since 2006, two of which are still active, which endorsed a method of calculating royalty payments that "may not reflect [...]
FTSE 100 bosses to meet President Donald Trump during UK state visit May 31, 2019 A group of FTSE 100 chiefs will meet US President Donald Trump during his state visit to the UK next week, Sky News has reported, along with the heads of various US companies. Read more: European stock markets bleed red as Trump takes trade war to Mexico The bosses of Barclays, National Grid, BAE Systems, [...]
Nokia shares slide after it reports possible Alcatel-Lucent compliance issues March 22, 2019 Shares in telecoms giant Nokia dropped as much as eight per cent today after it reported concerns over potential compliance issues at its Alcatel-Lucent division. In an annual filing to the Securities and Exchange Committee, Nokia said it had launched an investigation after being made aware of “certain practices relating to compliance issues” at the [...]
Solgold sinks as Ecuador spat takes the shine off shares June 6, 2019 Shares in London-listed miner Solgold sank today after local plans to hold a referendum on the company’s presence in Ecuador were submitted to the country’s highest court. Solgold, an Australian gold and copper mining company, lost another 11 per cent from its share price today after it confirmed submissions for a public hearing had been [...]
US President Trump greets Queen at Buckingham Palace in UK state visit June 3, 2019 Donald Trump met the Queen for the second time as President this morning as he began a three-day UK state visit to the UK to coincide with the 75th anniversary of D-Day. Trump's first state visit to Britain will see him meet with an array of politicians and royalty and began at Buckingham Palace, where he [...]
Reiss gets royal boost as luxury retailer defies high street gloom to post sales rise April 21, 2019 Upmarket fashion retailer Reiss has bucked the downward trend on the high street, posting double-digit sales growth in its full-year results. Read more: Retail sales jump higher than expected in March The figures Like-for-like sales rose 13.2 per cent in the year to the beginning of February. Total sales were up 8.3 per cent to [...]
MPs criticise Boris Johnson over fresh breach of financial reporting rules April 8, 2019 MPs have slammed Boris Johnson for a fresh breach of parliamentary financial reporting rules after he failed to promptly declare outside income from a share in a property. Read more: Boris piles pressure on May to avoid Labour customs union Brexit deal Johnson registered his interest in a 20 per cent share of a property [...]
Finland to probe Nokia phones over reports they sent data to China March 21, 2019 Data protection authorities in Finland are set to launch an inquiry into Nokia-branded phones following reports the handsets sent data to China. Norwegian media today reported the Nokia 7 Plus model, which is built by Finnish firm HMD, had suffered a data breach that had resulted in data being sent to China. Read more: Nokia [...]
Sirius shares climb after $250m deal plugs funding gap on Yorkshire mine project September 14, 2018 Sirius Minerals has struck a $250m (£190m) deal to plug a funding gap after its Yorkshire mine project costs rose. The company's shares tumbled more than 18 per cent earlier this month when the miner said it may need an extra $600m to construct its mine under the North York Moors. It said the initial $3bn [...]