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Friday, August 7, 2020
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CATEGORY

FINANCE

New Barclays boss in line for £8.2m remuneration package

New Barclays boss Jes Staley could earn up to £8.2m a year, it has been revealed. The bank confirmed Mr Staley as its new group...

Who owns what? – Breakdown of business ownership in the UK

Over the years Britain has become a global hub of international business. Investors from as far as the east have expanded to the UK...

Volkswagen shares fall amid emissions scandal

Shares in car manufacturer Volkswagen are falling for a third consecutive day amid its widening emissions rigging scandal. Volkswagen’s share price fell by 4% to...

British government sells RBS shares at loss of £1bn to taxpayer

The British Treasury has sold the first tranche of shares in Royal Bank of Scotland for £2.1 billion, but the taxpayer has made a...

Galaxy S6 fails to save Samsung’s quarterly earnings

Electronics giant Samsung has reported a fifth straight drop in quarterly earnings as the Galaxy S6 failed to reverse its declining fortunes in the...

Lloyds profits rise despite PPI bill

Lloyds Banking Group has added £1.4bn to its bill for compensating customers mis-sold payment protection insurance (PPI). But Lloyds, which is backed by the British...

Barclays chief signals more job losses despite profit rise

Barclays boss John McFarlane has signalled more job cuts to come at the bank as he set out plans to ramp up earnings growth...

18% rise in Sky profits as customer numbers surge

Sky has posted an 18% rise in profits, and seen the best customer growth in 11 years. The broadcaster made £1.4bn in the year to...

Toshiba chief to quits over doctored books

Toshiba’s chief executive is stepping down to take responsibility for doctored books which inflated profits at the Japanese technology manufacturer by 151.8bn yen. Toshiba acknowledged...

Travelodge earnings up almost 20%

Travelodge said its earnings jumped by almost a fifth in the first half of the year as the British budget hotel chain said it...

Latest news

Valtteri Bottas to drive for Mercedes again next season

Valtteri Bottas has been retained by Mercedes for 2021. The Finnish driver heads into this weekend’s 70th Anniversary Grand Prix at Silverstone 30 points adrift...

Zinedine Zidane: Gareth Bale ‘didn’t want to play’ against Manchester City

Real Madrid coach Zinedine Zidane has said Gareth Bale opted to miss Friday’s Champions League clash against Manchester City. Wales international Bale has fallen out...

Ohio governor tests positive for coronavirus just before Donald Trump meeting

Ohio Governor Mike DeWine has tested positive for coronavirus, just ahead of a planned meeting with President Donald Trump. The Republican governor’s office said that...

Eurotunnel sees demand return quicker than airlines

Demand for car-carrying Channel Tunnel trains is returning to pre-coronavirus pandemic levels quicker than air travel, new figures show. Some 233,172 passenger vehicles were carried...

Macron urges reform as Lebanese officials seek to shift blame over blast

Lebanese officials targeted in the investigation into the massive blast that tore through Beirut have sought to shift blame for the presence of explosives...
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