News: Money

Brexit Means UK Firms Are 'Sitting Ducks' As Kraft Heinz Withdraws Bid For Unilever

Monday  16:30,   20 february 2017
Huffington Post UK

US food giant Kraft Heinz has withdrawn a £115 billion bid for a mega-merger with Unilever, the firms have said.In a joint statement on[...]

Ministers write to Tory MPs in bid to avert business rates rebellion

Monday  14:15,   20 february 2017
Press Association

Senior ministers have written to Tory MPs in an attempt to stave off a rebellion over the business rates revaluation. define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode = "PRMQAP"; [...]

Asia Shares Mixed After U.S. Highs; Deals in Focus: Markets Wrap

Monday  05:45,   20 february 2017
Bloomberg

(Bloomberg) -- Asian stocks were mixed, with Tokyo shares slipping and Hong Kong resuming gains, after the S&P 500 Index reached a fresh record last week. Deals remained in focus after Kraft Heinz Co. withdrew its $143 billion bid for[...]

British firm wins forces' contract for surveillance and targeting equipment

Monday  05:45,   20 february 2017
Press Association

A British firm has been handed an £82 million contract to provide surveillance and targeting equipment to UK Armed Forces. Manufacturing business Qioptiq, based in St Asaph in north Wales, will produce handheld equipment such as night-vision goggles [...]

Barclaycard to cash in on contactless as it wins 10-year TfL contract

Monday  05:45,   20 february 2017
City AM

Barclaycard has retained its contract providing payment solutions to Transport for London (TfL), securing a new 10-year contract that includes the roll-out of contactless for the Elizabeth Line.[...]

Broking giant in talks over £85m reward plan

Monday  05:45,   20 february 2017
Sky News

A City broking firm created by the merger of two of the industry's biggest players has approached investors ‎about revisions to an incentive plan that could hand tens of millions of pounds to senior executives. [...]

More RBS job cuts expected as banks set to reveal annual results

Monday  04:25,   20 february 2017
Press Association

Britain's biggest banks will reveal annual results next week amid fears of more job losses and as the sector continues to pay for past scandals. define("homepageFinanceIndices", ["c.deferred"], function () { var[...]

Schaeuble denies 'Grexit' threat, says Greece on right path

Monday  04:25,   20 february 2017
Reuters

By Erik[...]

Facebook’s Market Value Passes Exxon’s

Sunday  20:10,   19 february 2017
24/7 Wall St.

Facebook has passed Exxon Mobil to become the sixth-most valuable US company and its growth trajectory is still positive while Exxon may face further diminution of the value of its energy[...]

Tech leaders call for new post-Brexit visa to avert talent crisis

Sunday  20:05,   19 february 2017
City AM

The UK's tech leaders are calling for a new visa scheme to avert a potential skills crisis in the industry caused by Brexit. The government should create a new minimum six-month high-skilled visa to ensure the fast growing sector has access to[...]

4 reasons to own healthcare stocks

Sunday  17:25,   19 february 2017
The Motley Fool

Edward Sheldon takes a closer look at the healthcare sector and explains why it has significant long-term[...]

One ticket holder wins £15.3m Lotto jackpot

Sunday  17:25,   19 february 2017
Press Association

One ticket holder scooped the £15.3 million Lotto jackpot after matching all six numbers in Saturday's draw, organisers Camelot confirmed. The winning numbers were 59, 11, 21, 49, 13 and 37, while the bonus number was 04.Andy Carter, senior [...]

Theresa May agrees to meet Peugeot boss to discuss General Motors proposal

Sunday  17:25,   19 february 2017
Press Association

The Prime Minister is set to meet the chief executive of the PSA Group to discuss Peugeot's proposals to buy General Motors' European operation, including Vauxhall. Theresa May has received a request for a meeting with Carlos Tavares to[...]

Ministers 'dropped plans to help high street shops over business rates'

Sunday  17:25,   19 february 2017
Press Association

Ministers considered extra financial support to ease the impact of business rates on high street shops before the general election, but later dropped the plans, it was reported. The Department for Communities and Local Government (DCLG) was worried[...]

Jim Ratcliffe's Ineos reports record profits of £3.7bn for 2016

Sunday  17:25,   19 february 2017
City AM

Britain's biggest privately owned firm announced record profits last year, bolstered by low oil prices. The chemicals company run by Jim Ratcliffe reported underlying profits of 4.3bn euros (£3.7bn) for 2016, up from four billion euros the year [...]