Danske Bank faces US probe over €200bn money laundering scandal October 4, 2018 The crisis at Danske Bank deepened today as it confirmed that US authorities are investigating a €200bn money laundering scandal involving suspicious Russian money. Danske Bank has received "requests for information" from the US Department of Justice (DoJ) about the suspected money laundering which took place in its Estonian branch between 2007 and 2015. The [...]
UK and Netherlands put Russian military intelligence behind five cyber attacks October 4, 2018 Prime Minister Theresa May, in tandem with Dutch Prime Minister Mark Rutte, today said UK and Dutch authorities have identified a number of cyber attacks which came from a network of hackers employed by Russian military intelligence (GRU), including an attack on a UN watchdog. The UK's National Cyber Security Centre, supported by the Foreign Office, said the GRU [...]
Diageo, WPP and Standard Chartered top league table of leading UK brands for gender equality October 4, 2018 Drinks maker Diageo, WPP and Standard Chartered have been named as the top performing UK companies for gender equality. However, the study admitted that despite progress being made, there was still a "long way to go" before equality was achieved in companies worldwide. General Motors in the US was the top performing brand worldwide. Worldwide, [...]
UK car sales plunge 20 per cent in September amid confusion over tax and emissions standards October 4, 2018 Demand for new cars in the UK plunged more than 20 per cent last month as tougher regulations around emissions started to bite. Read more: 'A step in the right direction': SMMT lends support to May's Chequers plan The Society for Motor Manufacturers and Traders (SMMT) said nearly 339,000 cars were registered in September, down [...]
Apple, Google and Amazon top list of world’s most valuable brands October 4, 2018 Tech giants Apple, Google and Amazon have topped a list of the most valuable brands in the world in an influential study. British car company Jaguar Land Rover came in at 78th on the 100-strong list, while Burberry snatched 94th place and whisky maker Johnnie Walker took 97th. Spotify made its debut on Interbrand's list, [...]
DFS shares wobble after pre-tax profits almost halve in full-year results October 4, 2018 Sofa firm DFS said the summer heatwave caused profits to fall this year, despite an uptick in revenue, causing shares to tumble by an initial nine per cent before recovering in early morning trading. The figures Pre-tax profit was nearly cut in halve as it fell a massive 48.5 per cent in the 52 weeks up [...]
EDF warned by nuclear watchdog over weldings at flagship plant October 3, 2018 EDF's flagship nuclear plant may need more repairs to its faulty weldings than originally planned, the French regulator ASN has warned. The nuclear watchdog said EDF would have to review materials at its Flamanville plant in Normandy. The state-backed energy company was forced to delay the start-up date for its Flamanville 3 reactor to the [...]
‘Rolls Royce of whisky’ sells for world record £848,750 at auction October 3, 2018 A 60-year-old bottle of whisky has fetched a world record £848,750 at auction in Edinburgh. The Macallan Valerio Adami 1926 was bought by a private collector from Asia, who bid by phone, auctioneer Bonhams said. The whisky was in a vat for 60 years from 1926 before being bottled. Read more: The producer of the most [...]
Qarabag v Arsenal: The rise of Azerbaijan’s five time champions October 3, 2018 When Arsenal take the field tonight, they will be hoping that it is just the first of two visits this season to the Baku Olympic Stadium. The Gunners are making a 5,000-mile round trip for their second Europa League group stage fixture against FK Qarabag, a record distance for the club in major competitions. Should [...]
Chris Tremlett: Natural leader Andrew Strauss leaves ECB with a modern blueprint ahead of a crucial year October 3, 2018 Andrew Strauss stepping down as England’s director of cricket is a shame, but family comes first and he leaves knowing what he’s achieved. The move has been ongoing over the summer with Andy Flower covering for him while his wife Ruth undergoes treatment for cancer. That’s his priority at the moment, so it has probably [...]