Thursday, 29 September 2016

Latest News

Hewlett-Packard merge with Micro Focus

IN what is a significant reversal following the fall in value of sterling, a British company, Micro Focus, which has just made its debut in the FTSE 100, has made a huge investment in merging with the software division of Silicon Valley giant Hewlett-Packard. The executive chairman of Micro Focus…

Jet2 to continue with its expansion plan

THE rapidly expanding Jet2 airline continues to increase its coverage and has announced it wishes to hire 1,000 new staff, including 180 pilots, 700 cabin crew and at least 80 engineers who will be split between the company’s bases in the UK. Although not considered by many as a major…

Important changes at WhatsApp

PARTICULARLY popular in Spain, although it is used by many millions around the world, the WhatsApp messaging system - purchased by Facebook for $19 billion (€16.8 billion) in 2014 - saw few modifications following the acquisition, but that is about to change in two major ways. Firstly, it plans to…

Black Horse, red face

PORTUGUESE born Antonio Horta-Osorio, CEO of Lloyds Bank, still part owned by the taxpayer following its bailout by the government, was photographed by a reporter with a former adviser to Tony Blair whilst on a business trip to Singapore, inferring the couple were having an affair. The former CEO of…

Popular News

THE British government having agreed in principle with the Chinese…
WITH a poke in the eye for Donald Trump, the…

Lenovo profits rise

FORGET Apple and Dell, the largest pc computer maker in the world, China’s Lenovo, has revealed strong profits for the first quarter of 2016 with an increase of 64 per cent to $173 million (€153 million) although its overall turnover has dropped 6 per cent year on year to $10.1…

ITV offer rebuffed

ITV which is responsible for the production of such popular TV soaps as Coronation Street, has been attempting to increase its presence in the world’s entertainment business and has made an offer to purchase Entertainment One for £1 billion (€1.2 billion). The Canadian company owns the rights to a very…

UK interest rate cut

TWO things have happened as forecast over the last week or so. Firstly, the Monetary Policy Committee of the Bank of England unanimously cut the bank rate from 0.5 per cent to 0.25 per cent in order to try to help the economy and secondly the value of the pound…

New investment in British industry

DESPITE, or possibly because of the referendum result, GlaxoSmithKline, the sixth largest pharmaceutical company in the world does not intend to move new business outside of the UK but will invest a further £275 million (€325 million) in expanding its UK manufacturing base as it still believes that Britain is…

No fine for Spain

THE EU executive has backed down on its pledge to sanction Iberian duo Spain and Portugal for failing to meet deficit targets, with commissioner, Pierre Moscovici, citing current anti-EU sentiments sweeping the continent as the main reason for the about face. “Sanctions, even symbolic ones, would not have been understood…

Good news on the job front

ACCORDING to figures released by the Spanish government, unemployment in June fell by a staggering 124,349 people to just under 3.8 million people out of work which is a 3.2 per cent drop in a month, 8 per cent in a year and is now at its lowest level since…

Cadbury owner tries to take over

NOT so long ago, drug companies were desperately trying to merge in order to increase their ability to reduce taxes and costs, but now it seems that chocolate (also seen by some as a drug) is the latest area of proposed joint activity. This time, Mondelez, said to be the…

Hopefully the rats won’t desert the sinking ship

WHILST it is painful to say anything nice about bankers, who have definitely taken over from estate agents and lawyers as those ‘professionals’ we most love to hate, to some extent it is understandable that they should be considering leaving London and the City for pastures new. In the same…

MEMBERS OF: Logo BCCS VectorialAEPG association AFFILIATED TO: