Jupiter’s finance chief Philip Johnson to step down amid shake-up November 30, 2015 Jupiter Fund Management has announced that chief financial officer Philip Johnson is to step down due to changes to the asset manager’s executive committee. Johnson, who was part of the team that saw Jupiter float on the London Stock Exchange in June 2010, said it was a privilege to play a role in the company’s [...]
NHS junior doctor strike suspended as talks with government resume November 30, 2015 NHS junior doctors have called off tomorrow's strike after agreeing to resume talks with health secretary Jeremy Hunt over controversial changes to their contract. Thousands of junior doctors in England were set to walk out tomorrow as well as the 8 and 12 December over the government’s decision to impose a new contract on trainees. However, the [...]
Jaeger fails to shake off losses as private equity owner Better Capital explores sale November 30, 2015 Troubled fashion retailer Jaeger failed to shake off its losses last year, despite a rise in sales, as its private equity owner Better Capital attempts to revive its fortunes. The company reported a pre-tax loss of £7.9m in the year to 28 February 2015, down from £9.9m the previous year, accounts on Companies House show. [...]
Insurance losses now valued at AUS$75m following catastrophic wildfires in South Australia November 30, 2015 Bushfires in South Australia have generated insured losses of AUS$75m (£36m) as of today. According to figures from the Insurance Council of Australia (ICA), 525 claims have been made so far, and the value of the loss is expected to increase significantly as assessors continue to investigate claims over the coming days. The wildfires broke [...]
Judge approves Britain’s first ever deferred prosecution agreement in Serious Fraud Office bribery case involving Tanzanian division of ICBC Standard Bank November 30, 2015 Britain’s first deferred prosecution agreement (DPA) has been approved today in a bribery case involving ICBC Standard Bank and the Serious Fraud Office (SFO). A DPA is a type of plea deal where legal proceedings against a company are suspended in return for other conditions, such as agreeing to pay a fine. The London division [...]
Inflation in Germany and Italy weak in November despite oil price impact wearing off November 30, 2015 Inflation in Germany, the Eurozone’s biggest economy, and Italy was weak in November according to official estimates released today. However, there is evidence the effect of cheap oil is beginning to wear off. Germany’s inflation ticked up to an annual rate of 0.4 per cent in November. Energy prices were down 7.5 per cent compared [...]
China’s yuan clinches membership of the International Monetary Fund’s special drawing rights basket November 30, 2015 In a much expected move, the International Monetary Fund (IMF) has included China's currency, the yuan or RMB, in its elite currency basket. The yuan joins the yen, pound sterling, US dollar and euro in the IMF's special drawing rights – which acts as the IMF's own currency. While the move has little immediate practical significance, it is [...]
At the close: FTSE 100 index closes down on Aberdeen Asset Management and BHP Billiton November 30, 2015 The FTSE 100 index closed down today, led lower by Aberdeen Asset Management and BHP Billiton. The UK's top blue-chip index ended Monday's session 0.3 per cent down, at 6,356 points. Aberdeen Asset Management's share price fell 4.6 per cent to 319.4p after having reported a 12.5 per cent fall in assets under management. The [...]
BHP Billiton shares plummet after Brazilian government says it will take legal action seeking $5.2bn in damages after the Samarco mine disaster November 30, 2015 Mining giant BHP Billiton is one of the FTSE 100's biggest fallers today, with shares trading down 3.39 per cent, at 778.70p, having fallen as low as 756.7p after Brazil said it would seek around $5.2bn (£3.5bn) in damages from BHP and Vale, co-owners of the Samarco mine, where 13 people were killed after a dam burst. BHP and [...]
Bank of England and the Treasury extend funding for lending scheme for two years November 30, 2015 A scheme aimed at boosting lending in the economy will be extended through to 2018 in order to help the finance of small and medium-sized enterprises (SMEs) The funding for lending scheme (FLS) was introduced in 2012 in an attempt to revive lending to businesses and households. It provides funds to banks and building societies at cheap rates [...]
