The Competition and Markets Authority wants to review O2 merger with three October 2, 2015 The UK's competition regulator has asked the European Commission for a review an upcoming deal to create one of the UK's biggest mobile operator to be referred to it. The Competition and Markets Authority (CMA) said that the proposed deal between Hutchinson's Three and Telefonica's O2 threatens to significantly affect competition in the UK mobile markets. This is because a successful [...]
Volkswagen emissions scandal: UK government confirms customers will not have to pay additional tax on diesel “cheat” cars October 2, 2015 British Volkswagen customers will not have to pay additional taxes if their cars are found to have been fitted with the "detect devices" that allowed vehicles to cheat on emissions tests, the government has confirmed. Customers will not be liable to pay a higher vehicle excise duty on diesel cars that may not actually [...]
Redcar steel plant owner SSI goes into liquidation October 2, 2015 It's been reported that the company behind a steel plant mothballed late last month with the loss of 1,700 jobs, has gone into liquidation. The BBC has reported that the Thai parent company of SSI, which owns the Redcar steel plant, has applied to a court in Thailand to wind up its UK arm. The [...]
Equiniti Group set for £390m London float October 2, 2015 Investor services firm Equiniti Group confirmed its plans to float on the stock market today. Equiniti, which provides share registration and investor services, said it planned to raise £390m through the float on the main market of the London Stock Exchange. The company intends to use proceeds from the IPO to reduce debt, which currently stands at £440m, and pursue potential [...]
FirstGroup share price rises on positive expectations October 2, 2015 FirstGroup shares edged up this morning after the transport company said it was on track to meet its expectations. In a trading update for the six months to 30 September, it said it experienced strong revenue growth in both its rail and bus businesses and that the other parts of its operations were also [...]
Experian share price drops after T-Mobile USA warns that 15m customers have been hacked in latest data breach October 2, 2015 Shares in Experian fell 4.2 per cent to 1,030p this morning after it emerged up to 15 million people may be affected by the latest data breach, in which hackers targeted records of T-Mobile USA customers through Experian data. In a strongly-worded public statement the network provider's chief executive John Legere said an investigation [...]
Thousands of Lloyds Premier Bank customers using Royal Sun Alliance emergency cover have had their data “stolen” in security breach October 2, 2015 The personal details of thousands of Lloyds Bank Premier account holders have been lost – potentially stolen – in the latest data breach to hit the City. The data breach affects customers who had Royal Sun Alliance emergency home cover attached to their Lloyds Premier bank account between 2006 and 2012. The policy comes as [...]
Make 10-year Chinese visas cheaper default option and bring £337m to UK economy, claims UKCVA October 2, 2015 Leading retailers have renewed their pleas for the government to overhaul its system regarding Chinese visas, claiming a simplified regime would boost the UK's economy by £337m. The UK China Visa Alliance (UKCVA) – which is made up of businesses such as retail park group McArthurGlen, retail body New West End Company, Walpole, London [...]
Glencore non-executive director William Macaulay has bought 1.7m company shares October 2, 2015 First Reserve chairman and chief executive William Macaulay has bought more than £1.5m-worth of Glencore shares. Macaulay, who has been an independent non-executive director at the troubled miner and trader since 2011, has picked up 1.7m shares, at a price of 90.9p. It comes just two days after Glencore's chairman Tony Hayward [...]
Twitter share price dives on Jack Dorsey rumours October 1, 2015 Twitter shares closed 8.4 per cent lower, at $24.67 in late morning trading, after rumours circulated that interim chief executive and founder Jack Dorsey will be appointed to the role permanently. Yesterday technology news site Re/code reported that Dorsey would be named as the company's full-time chief exec as soon as today. Dorsey led the [...]