Porsche holding company warns of £17bn writedown in Volkswagen stake December 14, 2024 Volkswagen is suffering from high costs, fierce Asian competition and a prolonged bitter conflict with unions over plant closures.
What does the collapse of the French government mean for Britain? December 9, 2024 The balance of power is shifting in Europe following the collapse of the government in France, and the winners will be those countries most responsive to change, says Doug Stokes The collapse of the French government last week follows a shift in the balance of power within European politics. The UK must act with caution. [...]
London coaxes bankers back from political chaos in Europe December 8, 2024 Political chaos across Europe is pushing bankers to stay in London rather than follow through on plans to move to the continent. Following Brexit, many bankS began shifting certain roles across the channel, sometimes due to requests from European regulators, and sometimes to stay better connected to the continent. A senior banking source told the [...]
Boost ‘growth prospects’ with reset, Reeves to tell EU finance meeting December 8, 2024 Rachel Reeves will argue that a more business-like relationship with the EU can help Britain boost its “growth prospects”, at a meeting with the bloc’s finance ministers. Reeves will on Monday address the European Union’s financial heads in Brussels, becoming the first Chancellor to do so since Brexit, ahead of her next overseas visit to [...]
Starmer vows to put Ukraine ‘in strongest possible position for negotiations’ with Russia December 2, 2024 The Prime Minister will say that Ukraine must be put in the “strongest possible position for negotiations” with Russia, addressing the possibility of a negotiated settlement for the first time. Speaking at the Lord Mayor’s Banquet, Sir Keir Starmer will tell attendees at the white tie Guildhall dinner that the eastern European nation must be [...]
Maersk: Shipping giant to relocate from Felixstowe to London Gateway November 20, 2024 Container shipping giant Maersk is to relocate from the Port of Felixstowe to London Gateway following a strategic review of its Asia to Europe services. The Danish firm said the London hub, which carries more than a quarter of the UK’s deep sea shipping cargo, was the “most optimal port” to serve its import and [...]
Georgia goes to the polls in make-or-break vote for country’s future October 26, 2024 Georgians headed to the polls on Saturday in a ballot many citizens see as a make-or-break vote on the opportunity to join the European Union. The pre-election campaign in the South Caucasus nation of 3.7m people has been dominated by foreign policy and marked by a bitter fight for votes and allegations of a smear [...]
ECB cuts interest rates again as inflation continues to fall October 17, 2024 The move means the main interest rate was reduced by 25 basis points to 3.25 per cent, down from a peak of four per cent which was reached last September.
Emery wants Villa victory for Shaw as pubs get set to cash in on Champions League September 17, 2024 Unai Emery has called upon his Aston Villa side to win their first top flight European tie since 1983 in honour of Gary Shaw, who won the cup with the Midlands outfit. Shaw, who was a key part of the victorious 1982 European Cup team, died on Monday at the age of 63. Aston Villa [...]
Sigmaroc’s revenue surges ahead of expectations as expansion plan pays off September 9, 2024 London-listed raw materials group Sigmaroc has seen its revenue surge past expectations following a push to diversify its strategy, it said today. The company, which is headquartered in London, grew its revenue by 60 per cent in six months ending June 30, 2024, hitting £468.8m from £290m in the same period last year. Sigmaroc said this [...]
