Wednesday, 26 July 2017

Royal Bank of Scotland £835m state aid deal with EU agreed after branch spin-off axed



Royal Bank of Scotland (RBS) has announced an agreement with EU competition officials to satisfy a state aid penalty relating to its 2008 bailout.

Lloyds Banking Group to repay £300m to customers over mortgage arrears errors


 
Lloyds Banking Group is to repay nearly £300m to about 600,000 customers over failings in the way it applied mortgage arrears policies, in the latest scandal to hit the UK’s biggest high street lender.

Foxconn expected to announce multi-billion dollar investment in Wisconsin, US media are reporting



Foxconn, the Taiwanese firm that works closely with technology firm, Apple, plans to build a multi-billion dollar plant in Wisconsin, US media are reporting.

Wall Street banking giant JP Morgan to merge private bank



The Wall Street banking giant JP Morgan is drawing up plans to merge its UK-based private banking arm into its wider European wealth operation ahead of the UK's departure from the EU.

Premier League wins anti-piracy court order for the forthcoming 2017-18 season



The Premier League has been awarded a High Court order for the forthcoming 2017-18 season, which will help it combat the illegal streaming of games.

Hack on Italy's largest bank affects 400,000 customers



Data about loan accounts belonging to 400,000 customers of Italy's largest bank has been put at risk by two security breaches.

Fever-Tree drinks boss makes £29m windfall after selling 1.5m shares



One of the founders of drinks firm Fever-Tree is toasting a cool £29m windfall after selling 1.5m shares.

Japanese gaming giant Nintendo posts strong profits driven by new console



Japanese gaming giant Nintendo said it returned to profit in the first quarter due to strong demand for its Switch console.

Sports Direct boss Mike Ashley wins £15m court case battle



Sports Direct boss Mike Ashley has won a High Court battle with an investment banker over a £15m deal allegedly made in a pub.

New diesel and petrol vehicles to be banned in UK from 2040 in a bid to tackle air pollution



New diesel and petrol cars and vans will be banned in the UK from 2040 in a bid to tackle air pollution, the government is set to announce.

EU's top court says Austria can deport asylum seekers



The EU's top court has ruled that a law requiring refugees to seek asylum in the first country they reach applies even in exceptional circumstances.

UK economic growth rate edges higher by 0.3%



The UK economy grew by 0.3% in the three months to June, driven in part by a booming film industry, said the Office for National Statistics (ONS).

Employment tribunal fees unlawful, Supreme Court rules



Fees for those bringing employment tribunal claims have been ruled unlawful, and the government will now have to repay up to £32m to claimants.

Nestle to open Japan first factory for exotic Kit Kat demand



Nestle is to open its first factory in Japan in more than 25 years because of demand for exotic flavours of Kit Kat.

Wildfires in south-eastern France force mass evacuation



Wildfires in south-eastern France have forced the evacuation of 10,000 people overnight, officials say.

Old £1 coin spending deadline looms



Consumers have less than three months to spend, bank or donate round £1 coins as the new 12-sided version outnumbers the old for the first time.

A Los Angeles Man arrested after deadly king cobra snakes smuggled in crisp cans



A Los Angeles man has been arrested after three deadly king cobra snakes were found hidden in crisp cans in a suspected smuggling attempt.

Tuesday, 25 July 2017

Fully electric Mini to be built at UK plant, says BMW



A fully electric version of the Mini is to be built at BMW's plant in Cowley, near Oxford, the carmaker has announced.

Wildfires rage in French tourist hotspots of Provence and Corsica



A series of massive wildfires are raging across parts of southern France and Corsica, in areas popular with tourists.

General Motors profit down but better than expected



General Motors has reported a drop in profits for the three months to June, due to lower vehicle sales and restructuring charges.

Michael Kors buys Jimmy Choo in £896m deal



One of America's best-known fashion retailers has agreed to take over luxury shoe brand Jimmy Choo in an £896m deal.

FTSE 100 up but Domino's Pizza shares fell nearly 7% as sales slow



Shares in Domino's Pizza fell nearly 7% after it delivered disappointing news on its sales growth.

Gold miner Acacia Mining rejects $190bn Tanzanian tax bill



Gold miner Acacia has been hit with a demand for $190bn in unpaid taxes to Tanzanian authorities in a row it has called "inaccurate and unexplainable".

Sharp rise in personal loans dangerous, Bank of England official says



A sharp rise in personal loans could pose a danger to the UK economy, a Bank of England official has warned.

Plans to ban leaseholds on new-build houses in England



"Unfair charges" levied on buyers of new-build houses could be banned in England under a proposed crackdown.