Business

Storm Harvey: Shell boss takes inventory of disruption

Storm Harvey: Shell boss takes stock of disruption Shell boss Ben Van Beurden says Storm Harvey is a “main occasion” for the trade and the agency’s workers in Texas. Shell, which has its US base within the Texas metropolis of Houston, has put a few of its workers in emergency houses and closed two main amenities. The storm, which earlier achieved hurricane standing, has ripped by way of the US

Sky stops broadcasting Fox Information in UK

Sky stops broadcasting Fox News in UK Sky is to cease broadcasting Fox Information within the UK after low viewers figures, the media agency has stated. 21st Century Fox, which is owned by Rupert Murdoch, stated the channel was being withdrawn because it was not commercially viable. The choice is to not do with Fox’s takeover bid for Sky, the BBC understands. Tradition secretary Karen Bradley has stated she might

Financial points are a precedence, say UK and German companies

Economic issues are a priority, say UK and German firms Shared financial pursuits have to be a precedence within the Brexit negotiations, UK and German commerce our bodies have urged. The British Chambers of Commerce (BCC) and the Affiliation of German Chambers of Commerce (DIHK) mentioned uncertainty over “enterprise important” points reminiscent of staff’ rights, tax and customs preparations wanted to be tackled. DIHK mentioned the uncertainty was affecting German

Theresa Could assaults 'unacceptable face of capitalism'

Theresa May attacks 'unacceptable face of capitalism' Companies who pay extreme salaries to senior executives signify the “unacceptable face of capitalism”, Prime Minister Theresa Could has stated. The “excesses” of some bosses was undermining confidence and “damaging the social cloth of our nation”, she wrote in the Mail on Sunday. Corporations that face shareholder revolts over salaries and bonuses shall be named on a brand new public register, Mrs Could

Carling lager is 'weaker than marketed', agency says in courtroom

Carling lager is 'weaker than advertised', firm says in court The alcohol content material of Carling – one of the common lagers within the UK – is weaker than marketed, it has emerged. Carling advertises the lager as four% alcohol by quantity (ABV) nevertheless it has been brewed at three.7% since 2012, its US house owners Molson Coors have mentioned. ABV was lowered with the intention to minimize tax on

Janet Yellen defends US laws

Janet Yellen defends US regulations Federal Reserve Chair Janet Yellen defended monetary guidelines launched to the US after the 2008-2009 monetary disaster, backing insurance policies that President Donald Trump has deemed “a catastrophe”. The Trump administration has mentioned the foundations have stifled financial progress and lending. It’s working with Republicans in Congress and monetary corporations to roll again some laws. Ms Yellen mentioned the financial institution was open to modifications

Bell Pottinger present in breach of code for South African marketing campaign

Bell Pottinger found in breach of code for South African campaign A UK public relations agency has been present in breach of an business code of conduct for a controversial social media marketing campaign, South Africa’s opposition get together stated. Bell Pottinger was accused by the Democratic Alliance of inflaming racial tensions with the marketing campaign, with the intention of boosting President Jacob Zuma. The get together stated the UK

Trump luxurious lodge given £110,000 Scottish tax rebate

Trump luxury hotel given £110,000 Scottish tax rebate US President Donald Trump’s luxurious lodge in Scotland has obtained a £110,000 tax rebate meant to assist struggling small companies. The £11m Trump Turnberry resort in Ayrshire has had its property tax decreased by £109,530, South Ayrshire Council has confirmed. The aid cuts the lodge’s annual charges invoice by 13.5%. The business rates relief scheme was launched to assist revive the nation’s

Provident Monetary shares plunge on new revenue warning

Provident Financial shares plunge on new profit warning Shares in Provident Monetary misplaced two thirds of their worth on Tuesday after the doorstep lender issued its second revenue warning in three months. The FTSE 100 firm now expects to make losses of £80m to £120m after its debt assortment charges fell to 57%, in contrast with a 90% charge in 2016. Bradford-based Provident just lately modified the best way it

China's Nice Wall eyes Fiat Chrysler bid

China's Great Wall eyes Fiat Chrysler bid China’s Nice Wall Motor is sizing up Fiat Chrysler, the Italian-American carmaker that additionally owns Jeep. A Nice Wall official informed Reuters it had “an intention to accumulate” some or the entire world’s seventh-largest automotive maker. Nevertheless, Fiat Chrysler stated it was but to obtain an strategy from Nice Wall – China’s largest SUV maker. Earlier experiences stated the Chinese language agency had