The Times
Brexiteer Terry Smith quits noise of City for convenient Mauritius: One of the City’s best-known fund managers and most pugnacious operators has moved to Mauritius as he seeks to escape the “noise” of the U.K.’s fevered investment community.
Insurers urge Chancellor to reverse ‘crazy’ payout reform: Philip Hammond held an emergency meeting with the heads of Britain’s biggest insurers in an attempt to stop what they described as a “crazy” decision to raise personal injury payouts, lifting the cost of car insurance for young drivers by more than £100.
Brussels denies scuppering exchange deal: The European Commission took the extraordinary step of hitting back at claims by the London Stock Exchange that a last-minute intervention by competition officials in Brussels had scuppered its £24 billion merger with Deutsche Börse.
Ground rent ‘scandal’ shakes Taylor Wimpey: One of Britain’s biggest housebuilders is reviewing a series of leasehold contracts it made up to ten years ago that MPs have described as “the PPI of the housebuilding industry”.
Franchise isn’t looking super any more as Go-Ahead profits slump: Months of passenger disruption on Southern Railways have driven profits down at Go-Ahead Group, ultimate parent company of the stricken GTR train franchise.
Peso’s fall is golden for miner Fresnillo: The plunge in the value of the Mexican peso has helped Fresnillo to report a sixfold jump in profits for the year.
Falling pound pushes up food bills: Food prices rose by 0.4% last month as the fall in the pound and higher import costs started to reach grocery tills.
Bills rise for SSE customers: About 100,000 SSE customers with prepayment meters will see their energy bills rise from April.
Oil price at $35? That won’t be a problem, says BP: BP will be able to break even at crude prices of $35 to $40 a barrel by 2021, the company said as it set out plans to return to growth.
Meggitt ready to play its Trump card: President Trump’s call for more spending on America’s military echoed across the Atlantic to Meggitt. Shares in the engineering group jumped by 13% after it delivered forecast-beating full-year profits and then set new medium-term performance targets.
Boss ready to vacate place at St James’s: The Boss of one of Britain’s biggest wealth managers is to step down after 11 years in the job to make way for another long-serving Executive.
Dollar rate adds more bang for buck at GKN: A weaker sterling has bolstered the fortunes of GKN, which reported a one-fifth rise in pre-tax profits to £292 million.
The Independent
Denmark cuts food waste by 25% in 5 years with the help of one woman: A woman has been credited by the Danish Government for single-handedly helping the country reduce its food waste by 25% in just five years.
Nissan may ‘adjust’ its business in the U.K. despite earlier assurances: Nissan said it may “adjust” its business in the U.K., depending on how Brexit turns out, potentially jeopardising 7,000 jobs at its Sunderland plant.
Uber Executive Amit Singhal resigns over sexual harassment allegations: The cloud of sexual harassment allegations engulfing Uber worsened after its newly-hired engineering Chief was forced to resign a week after it emerged he had failed to disclose a harassment claim from his previous job at Google.
No government bond bubble says new Bank of England Deputy Governor: Charlotte Hogg, the Bank of England’s new deputy Governor for Markets and Banking, has quashed suggestions of a “bubble” in the U.K. government debt market as a result of the Bank’s money printing.
Millions of U.K. eggs lose free-range status after bird flu measures: Millions of British eggs on supermarket shelves are set to temporarily lose their free range status as farmers were forced to coop their bird up in barns to prevent the spread of bird flu.
JPMorgan software does in seconds what took lawyers 360,000 hours: At JPMorgan, a learning machine is parsing financial deals that once kept legal teams busy for thousands of hours.
Proportion of U.K. women starting their own business falls sharply: The U.K. is trailing its international counterparts when it comes to growth of the entrepreneurial sector, with women particularly lagging.
Asda will be selling ‘free-range’ milk: Asda is set to become the first major U.K. retailer to sell free-range dairy milk, in response to growing demand for organic products.
Samsung Chief to be charged for bribery, perjury as scandal deepens: South Korea’s special prosecutor’s office said on Tuesday it would charge Samsung Group Chief Jay Y Lee and four other Executives with bribery and embezzlement amid a political scandal that has rocked the country.
Landline-only BT customers to see monthly bills cut: More than two million people, who buy only a landline telephone service from BT will see their monthly bills cut by a least £5, regulator Ofcom said on Tuesday.
Brexit: U.K. economy ‘sleepwalking into a disaster’ without regional immigration policy: The U.K. economy is “sleepwalking into a disaster” unless the country adopts a nuanced regional immigration policy to fill the skills gap left by lower immigration after Brexit, a Parliamentary Committee was told on Tuesday.
Cadbury launches two new chocolate bars amid rising commodity prices and a slump in pound sterling: U.K. confectionary giant Cadbury has launched two new chocolate bars, hoping to lure those with a sweet tooth and perhaps help combat some of the challenges it faces from rising commodity prices and a post-Brexit slump in the value of the pound.
Financial Times
Australia bounces back to robust GDP growth: Australia’s economy bounced back to robust growth in the fourth quarter of last year, fuelled by a jump in corporate profits linked to rising commodity prices, a surge in exports and higher household spending.
To Read More Click Here
Saudi Aramco in $7 billion Malaysian refining push: Saudi Arabia’s state-owned oil company on Tuesday announced plans to invest $7 billion in a Malaysian refining project, in a move highlighting concerted efforts by the world’s largest crude producer to secure growth in Asia.
To Read More Click Here
BP and Shell moves signal oil industry on path to recovery: BP has raised its medium-term growth forecasts while Royal Dutch Shell has given the go-ahead for its first new offshore project for almost two years, in a sign of returning confidence at the oil and gas producers.
To Read More Click Here
JPMorgan Finance Chief calls for easing of bank regulation: JPMorgan Chase’s Chief Financial Officer has appealed for relief from the slew of new regulations imposed on U.S. banks, saying that “the time feels right” to start relaxing rules put in place after the global financial crisis.
To Read More Click Here
Energy switch slowdown dents Moneysupermarket: Moneysupermarket has warned that a slowdown in consumers switching energy providers has hit trading, sending shares in the U.K. price comparison site down 6%.
To Read More Click Here
JPMorgan wealth management head casts doubt on robo advisers: The head of wealth management at JPMorgan Chase has cast doubt over the future of digital advisers, stressing that “human beings need human beings” — especially in times of market stress.
To Read More Click Here
Stock pickers lift performance in battle of the benchmarks: Almost half of large-cap U.S. stock mutual funds beat their benchmarks in the first two months of this year, representing a significant improvement from 2016 and a positive sign for active managers who have struggled to compete with passive funds.
To Read More Click Here
Barclays seeks to allay fears over pensions impact on dividends: Barclays’ finance Director has sought to allay analysts’ fears that a likely £1.25 billion contribution to its main pension scheme later this year could delay a potential rebuilding of the bank’s shrunken dividend.
To Read More Click Here
LSE and Deutsche Börse reconsider their solo options: With the proposed €29 billion merger between the London Stock Exchange Group and Deutsche Börse in serious doubt, the future for both exchanges striking out alone has come to the fore.
To Read More Click Here
U.S. regulator casts eye on banks over interest rate risks: A top U.S. financial regulator is probing banks over concerns the sector could be caught out by rising interest rates — even as Executives look forward to profiting from them.
To Read More Click Here
Provident Financial cuts doorstep lending workforce: Provident Financial staged its own version of Death of a Salesman on Tuesday, announcing that it would axe about 2,000 of its self-employed agents who sell high-cost loans in some of the U.K.’s poorest neighbourhoods.
To Read More Click Here
Valeant shares drop 14% as drugmaker cuts guidance: Valeant shares tumbled by 14% after the indebted Canadian drugmaker reported a 7% drop in full-year sales and cut its 2017 revenue outlook.
To Read More Click Here
Colorectal cancer in U.S. millennials rises sharply: Rates of colon and rectal cancer in millennials are rising sharply in the U.S., according to new research, prompting concern that poor diets and sedentary lifestyles are contributing to a resurgence of the deadly disease.
To Read More Click Here
CBI head to challenge Ministers on industrial strategy: The head of the CBI is to criticise Theresa May’s flagship industrial strategy as lacking in “clear actions and milestones”, and will challenge Ministers to set out what exactly they plan to do.
To Read More Click Here
Rolls-Royce freezes pay for 1,000s of managers to cut costs: Rolls-Royce is imposing a temporary pay freeze on thousands of managers as the U.K.’s premier engineering company seeks to cut costs.
To Read More Click Here
Record-breaking auction for Obamas’ book deal tops $60 million: Penguin Random House will pay more than $60 million for the global rights to two books to be written separately by Barack and Michelle Obama, after a blockbuster auction that set a new record for U.S. Presidential memoirs.
To Read More Click Here
YouTube to launch cable TV package aimed at younger audience: YouTube will launch its own lighter version of a traditional cable TV package, hoping to convince younger watchers of the delights of live TV from 40 different U.S. broadcasters.
To Read More Click Here
Merkel rails at arrest of German journalist in Turkey: Angela Merkel has condemned as “bitter and disappointing” the arrest of a German journalist in Turkey, in an unusually tough response that risks further straining ties with Recep Tayyip Erdogan.
To Read More Click Here
Target shares dive as it shifts to cut-price strategy: Target has warned that its earnings could drop by a quarter this year as an unexpected shift in the U.S. retailer’s pricing strategy sent its shares to their steepest intraday fall in 16 years.
To Read More Click Here
Starbucks to try and sell espresso to the Italians: Starbucks has unveiled the site of the Seattle group’s first coffee bar in Italy in a daring attempt to sell espresso back to the Italians and tap into Italy’s dolce vita to boost the brand’s premium offering back home in the U.S.
To Read More Click Here
Uber Chief says he must grow up after video outburst: Uber Chief Executive Travis Kalanick said on Tuesday that he must grow up and get leadership help after a video emerged of him arguing rudely with an Uber driver, compounding a series of crises that has hit the company.
To Read More Click Here
Snap shares set to price above range due to investor demand: Investor interest in shares in the owner of the Snapchat messaging app is likely to ensure enough demand to price its initial public offering above the range set by the company, according to people with knowledge of the deal.
To Read More Click Here
Amazon failure disrupts key U.S. websites: A widespread technical failure at Amazon Web Services hit hundreds of websites on Tuesday, including the U.S. Securities and Exchange Commission and certain key Apple services, highlighting how the cloud company has become part of the backbone of the internet.
To Read More Click Here
Apple may broaden $50bn U.S. manufacturing and supplier base: Tim Cook has signalled that Apple would look to broaden its $50bn U.S. manufacturing and supplier base, as the iPhone maker faces looming pressure on domestic job creation from the Trump administration.
To Read More Click Here
China smartphone maker Xiaomi designs its first chip: China’s Xiaomi has become the world’s fourth smartphone maker to design its own processor, revealing its “Pinecone” chip on Tuesday aimed at breaking its reliance on foreign providers such as Qualcomm.
To Read More Click Here
India’s Tata Sons seeks to settle $1.2 billion DoCoMo dispute: Natarajan Chandrasekaran, the new Chairman of India’s Tata Sons, has sought to end a dispute that blighted his ousted predecessor’s final months in power by overseeing an “in principle” agreement to pay $1.2 billion to Japan’s NTT DoCoMo.
To Read More Click Here
Vodafone Chief says Liberty deal is still ‘attractive’: The head of Vodafone has argued that the potential for a deal with Liberty Global, of the U.S., which owns the U.K.’s Virgin Media and other European assets, remains an “attractive combination”.
To Read More Click Here
VietJet shares surge after Vietnam’s biggest public listing: Shares in VietJet, the fast-growing Vietnamese low-cost airline, jumped one-fifth on their debut in Ho Chi Minh City in the country’s largest initial public offering.
To Read More Click Here
Shareholder hits back at proposed Avianca-United tie-up: A minority shareholder is fighting back against a proposed partnership between South American-based Avianca and United Continental over claims that a deal between the airlines would be disadvantageous to them.
To Read More Click Here
Lex:
Amazon: solid as a cloud: The shift of data to the cloud is the big story in computing. Amazon Web Services is the undisputed cloud champion. Neither of those change overnight after Thursday’s failures at AWS, but it is a reminder that they are not assured. Websites ranging from Netflix to the Securities and Exchange Commission were disrupted after problems at AWS, which provides cheap data storage to thousands of companies.
To Read More Click Here
Valeo: mandatory extras: More content per car is the cornerstone of Valeo’s growth plans. In 2009, when the current Chief Executive took over, it was unwieldy, inefficient and beset by management strife. The French group’s resurrection since then has been impressive. The shares have risen 17-fold. On Tuesday, the company set a goal for sales of €27 billion by 2021 against €16.5 billion last year. The target for the operating margin is 9%, compared with 8.2% in 2016.
To Read More Click Here
Go-Ahead: make my day: In this context, a profit warning, which sent shares down 13%, is karmic justice. But given that Go-Ahead’s progressive dividend looks safe, travellers’ schadenfreude is only temporary. Investors might prefer Go-Ahead to follow National Express and ditch rail altogether, after thin operating margins fell by more than a percentage point in the first half.
To Read More Click Here
Lombard:
Count the beans but check the shelf life: On Tuesday, Moneysupermarket, Virgin Money and St James’s Place showed how well these three business models — respectively — have been working. Moneysupermarket managed a 14% increase in annual operating profit, to £91 million, after a record year in which nearly 7 million households compared enough insurance and energy tariffs to save £1.8 billion on bills (presumably compared with the most reassuringly expensive). Virgin Money increased its annual pre-tax profit 40%, to £194 million, as 3.3 million customers preferred its mortgages, credit cards and investments, in a challenge to those of the big banks (even if they look vaguely familiar). And St James’s Place found that 300,000 well-to do households helped push its funds under pricey management up by £6.8 billion, allowing it to take a fall in pre-tax profit to £141 million as it reinvested in training more well-dressed advisers and expansion beyond the U.K.
To Read More Click Here
The Daily Telegraph
Mobile phone roaming charges won’t go up after Brexit: Britons are unlikely to face steep charges for using their mobiles on the continent after Brexit, the head of Europe’s biggest mobile operator has said.
Mark Carney’s incoming deputy under fire for family links to Barclays Bank: Top Bank of England official Charlotte Hogg has come under pressure from MPs due to her family links to Barclays – a bank she will soon start regulating in her new job as deputy Governor for markets and banking.
Greggs warns of inflation impact as ‘tougher conditions’ lie in wait: Healthy options now make up more than 10% of sales at Greggs, the high street baker has said as it reported a jump in profits in 2016.
Dalata Hotels in clover as Dublin hotels boom: Pre-tax profit leapt by more than half at Irish-focused Dalata Hotels thanks to its Dublin sites outperforming the broader market.
Shares in Burberry surge after Belgian billionaire Albert Frère discloses stake: Shares in British trench coat maker Burberry surged after Belgian billionaire Albert Frère disclosed a 3% stake in the company.
Supplier switch helps put stopper in cost rises at Revolution Bars: Switching suppliers has helped cocktail-focused Revolution Bars mitigate the rising cost pressures that are hitting the broader consumer sector.
Interserve suspends dividend after slumping to £94 million loss: Interserve has suspended its dividend after swinging to a loss of £94 million, as the outsourcer attempted to claw back money lost as a result of energy contracts.
GKN Boss warns of dangers of forcing companies to plug pension deficits too quickly: The Boss of one of Britain’s biggest and oldest engineers has warned that companies being rushed to plug funding holes in their pension schemes could damage the country’s economy.
Donald Trump’s protectionism on trade would be ‘awful’ for the economy, BHP warns: Donald Trump’s threat to retreat to protectionism in the U.S. could be “pretty bloody awful” for the global economy, the Boss of one of the world’s biggest miners has warned.
Laird seeks to get debt under control with rights issue as losses balloon: Laird has launched a £185 million rights issue as the newly installed Boss of the electronics business battles to get its debt under control.
Virgin Money profits as bet on credit card surge pays off: Virgin Money has benefited from a huge pick-up in British households using credit cards to fund a spending spree, pushing up demand for the bank’s low-cost cards and helping it sieze ground from its bigger rivals.
The Questor Column:
the market has missed the turnaround story at this under-the-radar stock: Patient investors with an appetite for risk may be intrigued by the turnaround story that appears to be gathering momentum at Alumasc. The first-half numbers published in January suggest the story could be a slow burner. Sales rose by 17% but pre-tax profits rose by just 2%, hampered by the rising cost of materials, notably steel, caused by the pound’s post-referendum fall. But a 6% increase in the interim dividend suggests that management is optimistic, and a recent £5 million contract takes the order book to a record £33 million. If a combination of price rises, cost control and rising sales can take margins higher, the stock could look cheap on less than 10 times earnings with a yield of nearly 4%. The balance sheet has net cash, but there is a £33 million pension deficit that needs to be watched carefully. The market has yet to fully buy into the repositioning of the business and this could present an opportunity in a below-the-radar stock. Questor says ‘Buy’.
Update: Interserve: Just before Christmas this column turned Scrooge and put up two stocks to avoid. Pearson lived down to our expectations with a nasty profits warning and the promise of a dividend cut in January hammering the stock, and last week Interserve confirmed our worst fears as well, justifying our bearish view at 301p. The shares fell by nearly a third to levels last seen in 2010 after the firm warned that it would need to book an extra £90 million in provisions relating to a problematic waste-to-energy contract in Scotland with Viridor. Outflows of cash relating to the contracts are expected to take net debt from around £270 million at the end of 2016 to an average of £450 million in 2017, with a pension deficit on top. There is still no rush to get involved with this one, even after the crunching falls, as further clarity on cash flow is needed. Questor says ‘Avoid’.
The Guardian
Philip Green agrees to pay £363 million into BHS pension fund: Sir Philip Green has agreed to hand over £363 million in cash to rescue the BHS pension scheme, and settle one of the biggest City rows of recent decades.
Dyson shrugs off Brexit fears with massive U.K. expansion plan: Dyson, the technology company, is to undergo a dramatic expansion in the U.K. by opening a new 210 hectare (517 acre) campus as part of a £2.5 billion investment that will support its development of new battery technologies and robotics.
Brexit means taxpayers need to support supply chain, says Nissan: Nissan has called on the government to provide investment to help rebuild the U.K.’s car parts business so it can replace components that come from overseas after the country leaves the EU.
U.K. nuclear power stations ‘could be forced to close’ after Brexit: Nuclear power stations would be forced to shut down if a new measure are not in place when Britain quits a European atomic power treaty in 2019, an expert has warned.
Uber v TfL: court hears written English test will cost 33,000 drivers their jobs: A plan to force London minicab drivers to pass written English tests would put nearly a third of them out of business, the ride-hailing app Uber has argued.
Rupert Murdoch’s Sky bid could soon face U.K. investigation: Rupert Murdoch’s 21st Century Fox is expected to formally notify the European competition regulator of its £11.7 billion takeover offer for Sky later this week, after which the U.K. culture secretary will have to decide whether to launch an investigation into the extent of Murdoch’s control of U.K. media.
U.S. tourism experiences a ‘Trump slump’: Interest in travel to the U.S. has “fallen off a cliff” since Donald Trump’s election, according to travel companies who have reported a significant drop in flight searches and bookings since his inauguration and controversial travel ban.
Daily Mail
EasyJet and Dixons set to fall out of the FTSE 100 to be replaced by Rentokil Initial and DS Smith: Rentokil Initial and packaging firm DS Smith look likely to emerge as the victors of the latest reshuffle of the FTSE – but EasyJet and Dixons Carphone are among the losers.
Now Unilever Bosses get their bonus trimmed as Marmite maker launches a cost-cutting review: Unilever has unveiled a shake-up of Executive pay as the Marmite maker launches a cost-cutting review.
Triple boost for Brexit Britain: Dyson to build tech hub in the U.K., Chinese bid £1 billion for City skyscraper and 1,400 new Expedia jobs: Billions of pounds of investment deals were struck in the U.K. as three major firms gave the nation a boost.
Net-a-Porter Founder Natalie Massenet defects to rival online fashion retailer Farfetch: Natalie Massenet stepped down as Executive Chairman of the upmarket online shopping website following its merger with Yoox Group in 2015. But she announced that she would be serving as non-Executive Co-Chairman of Farfetch, a global online luxury fashion platform.
Branson-backed challenger Virgin Money eyes up assets of struggling Co-op bank: Virgin Money, the challenger bank backed by Sir Richard Branson, is eyeing up assets of the struggling Co-op Bank.
De Beers reports a 25% fall in diamond sales: Miner Anglo-American’s De Beers’ group reported a 25% fall in diamond sales during the second sales cycle of the year.
Legal battle to block sell-off of the green bank to Australian asset-stripper dubbed the vampire kangaroo: Sustainable Development Capital, a firm which lost out in a bidding war to buy the Green Investment Bank, is asking for a judicial review over the expected decision to sell to scandal-hit Australian bank Macquarie.
Daily Express
Taylor Wimpey sales jump 18%: Taylor Wimpey has started the year on a strong footing as would-be buyers encouraged by cheap mortgage deals, low interest rates and the Government’s Help to Buy scheme snap up homes at an increasing rate.
Savers warned: Pension tax relief could be sliced in March Budget: Savers have been urged to invest into pensions ahead of next week’s Budget, amid fears the Chancellor could slash tax relief.
Battling traders spell out the deadly cost of business rates hike: Small firms facing colossal hikes in their rates together with business groups are predicting a bleak future for the independence and individuality of England’s high streets unless radical action is taken to reduce the burden.
Pound forecast to bounceback against dollar as Brexit fears fade: The pound has been forecast to surge in the coming months, as Brexit fears begin to fade and investors look for value.
Markets on edge fearing Donald Trump speech to Congress could spark mass sell offs: Financial markets are nervously awaiting Donald Trump’s speech to U.S. Congress this evening, amid fears the President could trigger mass stock sell-offs.
Moneypenny app aims to be the missing link for travelling traders: A new app designed to capture the phone calls sole traders and small firms miss when they are on the road has just been launched by reception service Moneypenny.
British defence stocks soar as Donald Trump plans $54billion increase in U.S. military spend: U.K. defence shares soared this morning amid the news that Donald Trump wants to ramp up military spending.
The Scottish Herald
Shake up approved at Alliance Trust: Shareholders in Alliance Trust have given overwhelming backing to a plan to shift management of its assets to specialists based outside Scotland after a 129 year association with Dundee.
McGlynn backs city council team heading for Cannes: Entrepreneur John McGlynn has backed the decision by Glasgow City Council to once again take a delegation to MIPIM, the world’s biggest property and real estate market in a bid to attract investment in the city.
Campbell Dallas unveils £1 million Perth office move as profits at accountant rise: Accountancy firm Campbell Dallas has unveiled a £1 million investment to switch to bigger premises in Perth, while revealing a 20% rise in profits in its last financial year.
Raft of deals makes Blackadders a “destination firm”: Blackadders managing partner Johnston Clark knew the firm’s expansion strategy had been a success when he started receiving calls from lawyers looking for a position at the firm.
Scottish law firm hails Northern Irish move: Law firm Aberdein Considine has hailed its ability to offer legal services across the U.K. for the first time, after sealing a long-term collaboration agreement with Northern Irish litigation and debt recovery specialist Wilson Nesbitt.
Hardies lands college contract: The property and construction wing of Fife-based chartered surveyor Hardies has secured a £1 million commission to provide services to Glasgow Kelvin College.
Borders hotel set for expansion: Prestige Hotel Management has submitted a detailed planning application for 26 lodges on the grounds of its three-star Barony Castle Hotel in Eddleston, near Peebles.
Marketing firm in airport deal: SpaceandPeople, the AIM-listed temporary promotional space group, saw shares lift by 8.5% to 19p after it was awarded the exclusive rights to promote brands and manage promotional space across Primesight’s airport portfolio in the U.K., which includes London Gatwick, London Stansted, Manchester and London Luton. No financial details were provided.
The Scotsman
Exova profits rise despite tough oil and gas market: Materials testing specialist Exova reported a rise in annual profits but said conditions in the oil and gas sector have continued to weaken.
Aberdeen Angus society parts company with Chief: The Aberdeen Angus cattle society has announced that its Chief Executive, Johnny Mackey, has stepped down.
Finance jobs outside London face post-Brexit risks: Nearly two-thirds of Britain’s financial services roles are currently based outside of London, laying bare the risks to thousands of regional jobs after Brexit.
FarrPoint plugs into Holyrood broadband rollout plan: FarrPoint, the Edinburgh-based telecoms and information technology group, is to advise the Scottish Government on planning and rollout of its Digital Infrastructure Action Plan.
Pork producer Robertson’s invests £3 million in Irvine site: Pork and bacon producer John Robertson & Sons has expanded its processing capacity with a £3 million investment in its second facility in Ayrshire.
City A.M.
The government’s tapping up Lloyds, Barclays and Google for digital skills: The government is turning to private business, including Lloyds, Barclays and Google, to help the U.K. become skilled for the modern age with ambitious new plans.
Brexit secretary David Davis says U.K. must prepare for chance of no deal with the EU: Brexit secretary David Davis has told cabinet Ministers to prepare for the possibility of the U.K. not reaching a deal with the EU after leaving the EU.
Johnson Service Group says laundering success is good news for Britain: Johnson Service Group, the U.K.’s largest rental workwear and laundry firm, revealed bumper annual results.
India’s economy defies banknote chaos to grow by 7%: The Indian economy defied economists’ expectations at the end of the year by avoiding a big slowdown after demonetisation.
Fraud squad lawyer tells court two ex-Barclays traders accused of Libor rigging treated honesty as if it were expendable: A lawyer acting for the fraud squad told a court that two ex-Barclays traders accused of Libor rigging treated honesty as if it were expendable.
