City of London Police apologises after diamond and carbon credit fraud case collapses May 29, 2019 The City of London Police apologised today after the trial of eight defendants accused of fraudulent carbon credit and diamond sales collapsed. The trial was abandoned after the credibility of the prosecution’s expert witness Andrew Ager, who had been used in more than 20 previous trials, was called into question. It emerged in cross questioning [...]
Cricket Betting Tips: Dominant openers can get England off to a flyer again May 29, 2019 A MAJOR part of England’s transformation in One-Day cricket is down to the tone their openers have set. Since Jonny Bairstow replaced Alex Hales at the top of the order, he and Jason Roy have turned into arguably the most feared of all ODI opening duos. They have smashed opposition attacks to all places time [...]
Cricket Betting Tips: Steyn’s absence can see England start tournament in winning fashion May 29, 2019 IT IS often the case that the first match of a major sporting event turns into a bit of a damp squib. In tournaments like the football World Cup, it is rare that we get to see two leading nations take each other on early in the competition. However, fans are in for a real [...]
Mueller says ‘not an option’ to charge Trump over Russia inquiry May 29, 2019 US special counsel Robert Mueller, the man at the helm of a two-year inquiry into Russian interference in the 2016 US presidential election, has resigned from office. His statement marks the end of the inquiry, which also sparked concerns on the reported unconstitutionality of charging a sitting US president with a crime. Mueller called Russia’s interference as “a concerted [...]
China rare earth metals warning sparks market selloff May 29, 2019 | City Talk Again we see how the market is moving around on US-China news flow that is hard to lock down. China’s threats to stop rare earth exports is clearly a bargaining chip, if not exactly a trump card, but one the market is starting to really take seriously. We’ve not heard this much about rare [...]
Gourmet Burger Kitchen sales begin to recover after £4.6bn loss May 29, 2019 Gourmet Burger Kitchen (GBK) has posted a partial recovery in sales since it suffered a record £4.6bn loss last year, when it got the green light for a string of restaurant closures. Read more: Creditors give green light to Gourmet Burger Kitchen closures The restaurant chain’s like-for-like sales fell 9.7 per cent in the first six [...]
General Atlantic to sell half its stake in £2bn oil data group Argus Media May 29, 2019 Growth equity fund General Atlantic (GA) is set to sell half its stake in oil data group Argus Media in a deal that will value the firm at roughly £2bn. City A.M. understands GA, which bought a 50 per cent stake in Argus three years ago for around £1bn, is in advanced talks with long-term [...]
Boeing 737 Max unlikely to return to service until ‘at least August’ after recent crashes May 29, 2019 Boeing will likely have to wait until at least August before its best-selling jet can return to the skies, after two deadly crashes forced regulators to ground the model across the globe. Read more: Boeing under investigation by SEC about 737 Max disclosures Speaking in Seoul earlier today, head of the International Air Transport Association [...]
HSBC plans retail wealth management staff boost as bank eyes Singapore expansion May 29, 2019 HSBC is planning to boost staff numbers in its Asia retail wealth management division by about 300 by the end of this year with a focus on expanding its business in Singapore. The bank, which makes more than 80 per cent of its profit in Asia, will increase the number of wealth management staff working [...]
Arcelormittal slashes steel production days after collapse of British Steel May 29, 2019 Arcelormittal today slashed its European production for the second time this month as steelmakers face increasing challenges. The company said it would reduce the amount of steel produced at a plant in France and two in Germany, as market demand remains weak and European customers chose to rely on increased imports. Read more: 80 potential [...]