Horse Racing Betting Tips: Forecast rain can see Ottokar crowned King in Chester Vase May 7, 2019 TRAINER Aidan O’Brien had a weekend to remember when taking both the 1000 and 2000 Guineas at Newmarket and will fancy his chances of landing this afternoon’s MBNA Chester Vase (3.35pm) for an eighth time in 11 years. However, the question is which of his three entries holds the best chance as they all seem [...]
HP ‘not suing Autonomy US exec to go after Mike Lynch’ in fraud trial May 7, 2019 Hewlett Packard (HP) is not suing Autonomy’s former US chief executive in order to use his evidence against British businessman Mike Lynch in the biggest fraud trial in UK history, a court heard today. HP is suing Lynch, the former chief executive of software firm Autonomy, and ex-finance chief Sushovan Hussain for $5.1bn, alleging that [...]
Bank of England boss warns against weakening regulation post Brexit but suggests less rigid regime May 7, 2019 Weakening regulation after Brexit could lead to financial stability risks, the Bank of England’s deputy governor Sir Jon Cunliffe has warned. The Bank’s financial stability boss said the UK could be at risk if regulation was cut or if its financial services sector remained in the same structure as the EU but without a say [...]
Bank of England boss warns against weakening regulation post Brexit but suggests less rigid regime May 7, 2019 Weakening regulation after Brexit could lead to financial stability risks, the Bank of England’s deputy governor Sir Jon Cunliffe has warned. The Bank’s financial stability boss said the UK could be at risk if regulation was cut or if its financial services sector remained in the same structure as the EU but without a say [...]
Axel Springer profits plunge as it looks to refocus on classifieds business May 7, 2019 German media group Axel Springer has posted a sharp drop in first-quarter profits, as strong trading in its online classifieds business failed to offset a decline in news media. Read more: Virgin Media grows customer base amid superfast broadband rollout The figures Net profit dropped by 35 per cent to €55.4m (£47.4m) in the first [...]
Vodafone signs broadband deal with Telefonica Deutschland amid competition probe May 7, 2019 Vodafone will grant Telefonica Deutschland access to its broadband network in a bid to stave off competition concerns over its $22bn (£16.8bn) takeover of Liberty Global assets. The telecoms firm today said rival Telefonica will be able to market broadband services to its customers using the combined cable network of Vodafone and Liberty’s Utilitymedia if [...]
London Metals Exchange eyes China expansion with new warehouse plans May 7, 2019 The London Metal Exchange (LME) is in talks with the government of Guangdong province in southern China to expand its warehousing operations into the country, its parent company said today. Read more: London miner Central Asia Metals looks for acquisitions in copper space The plan would see the Hong Kong stock exchange (HKEX), which owns [...]
Virgin Media grows customer base amid superfast broadband rollout May 7, 2019 Virgin Media has posted a solid set of results for the first quarter as it focuses its efforts on a £3bn plan to rollout superfast broadband across the UK. Read more: Vodafone calls on German government to speed up fibre optic rollout The figures First-quarter revenue remained flat on the previous year at £1.3bn. Operating [...]
Thomas Cook shares soar following Lufthansa bid for airline business May 7, 2019 Shares in Thomas Cook have soared by more than 12 per cent this morning following Lufthansa's decision to bid for its Condor airline business. The German airline Lufthansa is to make a non-binding offer for Thomas Cook's Condor airline business, according to its chief executive Carsten Spohr. Shares were up 12.13 per cent at the time of writing. [...]
US to return $200m to Malaysia as part of 1MDB probe May 7, 2019 The US government has begun to return around $200m to Malaysia after seizing assets related to the scandal-hit state fund 1MDB, the two countries confirmed today. Since 2016 the US Department of Justice (DoJ) has filed lawsuits to seize around $1.7bn of goods allegedly bought with funds stolen from 1MDB, including a private jet, luxury [...]