Arron Banks apologises for Leave.EU anti-German Angela Merkel tweet that ‘went too far’ October 9, 2019 Leave.EU founder Arron Banks apologised today for an anti-German tweet featuring chancellor Angela Merkel that was published by the pro-Brexit group. The tweet featured a picture of Merkel next to the tagline: “We didn’t win two world wars to be pushed around by a kraut”. Banks, who initially defended the tweet which was posted yesterday, [...]
City Moves for 5 August – Who’s switching jobs at Willis Towers Watson, Morningstar and Posterscope? August 5, 2019 Today’s City Moves includes Willis Towers Watson, Morningstar and Posterscope. Willis Towers Watson Global advisory, broking and solutions company Willis Towers Watson (WTW) has announced the appointment Matthew Gooden to the role of director and head of sales across its professional indemnity (PI) team. Matthew will be tasked with driving new business leads for the [...]
Union urges Ryanair to attend talks to avert summer strikes August 15, 2019 A trade union has urged Ryanair to attend talks to resolve the current dispute with its pilots over pay and working conditions. The British Airline Pilots Association (Balpa), which has over 10,000 members, has called on the budget airline to attend talks with the Acas conciliation service after pilots voted for strike action for Thursday [...]
European markets rise as US and China agree to phase out tariffs November 7, 2019 European markets have risen this morning after the US and China announced plans to gradually lift tariffs as the two countries work towards securing a trade deal. News of the trade-war de-escalation buoyed Britain’s FTSE 100 index, sending it up as much as 0.44 per cent in morning trading. The blue chip index was sitting [...]
City Moves for 2 July – Who’s switching jobs? July 2, 2019 Today’s City Moves includes Weatherbys Private Bank, Personal Group and Ocean Outdoor Weatherbys Private Bank David Green has joined Weatherbys Private Bank as head of credit from C. Hoare and Co and will be responsible for ensuring that the bank’s prudent and responsible approach to lending continues. Prior to nearly 19 years at C. Hoare [...]
HMRC collects £4.4bn from SMEs through investigation of underpaid VAT September 9, 2019 The taxman collected an extra £4.4bn from small and mid-sized businesses through investigations into the underpayment of VAT last year, up 18 per cent from £3.8bn collected in 2017-18. Over £1.7bn was collected from VAT investigations into small businesses alone last year, according to tax investigation insurance firm PFP. PFP said the growth in the [...]
Flybe ‘near collapse’: What do we know so far? January 13, 2020 Flybe, the biggest regional airline in Europe, is said to be on the brink of collapse. Sky News reports the carrier is engaged in a frantic bid for emergency funding, and the government is also said to be involved in the talks – which come just four months after Thomas Cook went bust in late [...]
Thomas Cook: Customers face two-month wait for holiday refunds September 30, 2019 Refunds for package holidays booked with liquidated UK travel giant Thomas Cook could take up to two months to reach customers, the UK’s aviation body warned today. The Civil Aviation Authority (CAA) said that while direct debit customers can expect refunds within two weeks, other people face a wait of up to 60 days. Read [...]
Soaring corporate debt levels threaten financial stability, IMF warns October 16, 2019 The global financial system is at risk from ballooning levels of corporate and emerging market debt caused by ultra-low interest rates, the International Monetary Fund (IMF) has warned. Read more: IMF warns global growth will fall to lowest level since financial crisis The IMF cautioned that in a downturn half as severe as 2008, $19 [...]
Lloyds Banking Group profit slumps 97 per cent after £1.8bn PPI hit October 31, 2019 Lloyds Banking Group narrowly avoided tipping into the red this morning after taking a major third-quarter dent from the mis-selling of payment protection insurance (PPI). The lender’s pre-tax profits were reduced to £50m, falling 97 per cent from the same period last year after setting aside £1.8bn for PPI provisions. Read more: UK banking sector [...]