Sunday, 19 February 2017

Latest News

Car production in Spain on the increase

WHILST there is every reason to be pleased with results of car manufacture in Spain in 2016 which is up 5.6 per cent over the previous year, the manufacturers association ANFAC warns that Brexit may depress future results. With just under 2.9 million vehicles produced together with 1.9 million engines…

Head of London Stock Exchange predicts five-year Brexit

AS the UK moves closer to the final triggering of Article 50, so different committees in Parliament continue to interview senior businessmen asking their opinion on the future and how the economy is likely to cope with Brexit. In the latest round of enquiries, the Treasury Select Committee interviewed a…

UK car sales hit record high

MORE new cars were sold in the UK last year than ever before. Figures for 2016 show that a staggering 2.69 million new cars were registered, making Britain one of the strongest motoring markets in the world. The volume represents an increase of 2 per cent on 2015, but analysts…

US law firms accused of poor cyber security

WHENEVER there is a takeover of one company by another, lawyers are invariably involved in drawing up contracts, heads of agreement and due diligence documents. American prosecutors have discovered that a trio of bright Chinese hackers made a fortune by taking advantage of the very poor cyber security in many…

Popular News

AN idea originally raised last year has been turned into…
BUDGET airline Ryanair has announced that the last three months…

Salaries should be reduced

IN A newly published research document from the Lancaster University Management School, the link between salaries and bonuses paid to company directors and a company’s financial performance in the UK is described as being ‘negligible.’ Salaries of these executives have increased by an average of 82 per cent during the…

Spain grabs tax from Monaco

THE Football Leaks release of information continues with news that French football team Monaco has had to agree to pay a large amount of tax to the Spanish government based on profits from transfers. According to the official view of the Spanish government, Monaco is considered to be a tax…

US bans Arctic drilling

POSSIBLY worried by a statement made by Donald Trump about exploitation of existing oil reserves, President Obama has banned the offshore drilling for gas and oil in the Arctic. This was made in a joint announcement with Canada, although the Canadian decision only covers the next five years whilst Obama’s…

Stop IKEA sleepover craze

A SPOKESMAN for the IKEA has appealed to young people to stop filming themselves hiding in IKEA stores and having illegal ‘sleepovers.’ It appears there’s been at least 10 episodes during the last few months and the latest found two 14-year-old girls in one of their Swedish stores. Two Belgian…

Inditex keeps making money

INDITEX, the world’s largest retailer of clothes continues to go from strength to strength and has announced a profit of €16.4 billion, an 11 per cent rise over the nine month period to the end of October last year. The owner of such diverse ranges as Zara (which is its…

Royal Bank fails stress tests

STRESS tests conducted by the Bank of England have found that the Royal Bank of Scotland would fare the worst among Britain’s banks if a major economic catastrophe occurs. RBS failed the annual check-up and is now forced to embark on a £2 billion programme of cuts to ensure it…

Italian referendum could hurt the EU and bring down world’s oldest bank

A REFERENDUM on constitutional change in Italy due to be held on Sunday December 4 could lead to a new rash of financial worries with Italian banks and possibly to the failure of the world’s oldest bank Banca Monte dei Paschi di Siena which was founded in 1472. The referendum…

Changes afoot but knickers are safe

ALTHOUGH respective chief executives of Marks and Spencer (M&S) have been fighting flagging sales for years, they have always found some comfort in the fact that food sales were good and ladies liked to buy their underwear from the store as it was long-lasting, unlikely to break at an embarrassing…
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