Under Andy Palmer, Aston’s CEO, the carmaker has undergone a turnaround plan. It has projected its volumes to rise between 6,200 to 6,400 vehicles in 2018; and aims to ramp up production by 10,000 vehicles in 2020. On Monday, 105-year… Read More ›
Britain
Brussels sticks to planned standstill plan over Britain’s demand for broad access to EU banking
Brussels will consider Britain’s request only after the transition period which ends at the end of 2020. As per a senior official from Germany’s finance ministry, the European Union is unlikely to widen the access to its financial markets after… Read More ›
Britain has a backup plan for a Cliffhanger Brexit
As per Philip Rycroft, Permanent Secretary at the Department for Exiting the European Union (DExEU) Britain’s has provided for such a possibility. On Tuesday, as per the senior most official in Britain’s Brexit ministry, he is confident that plans are… Read More ›
The EU must prepare for a no-deal Brexit: Michel Barnier
While Michel Barnier garbed the warning saying the EU must be ready for any eventuality, it comes in the wake of British Prime Minister Theresa May saying a no-deal “wouldn’t be the end of the world”. Although her comments were… Read More ›
British wage growth dips despite Britain’s employment rate touching its 43-year old low: XpertHR
The results of the survey by XpertHR is likely to be of interest to the country’s central bank, which has repeatedly downgraded its forecasts for wage growth after pay growth failed to accelerate significantly. According to the results of a… Read More ›
Britain’s Financial Reporting Council fines KPMG for 3 million pounds
On Monday, Britain’s Financial Reporting Council stated, it has imposed a fine of three million pounds on accounting firm KPMG. Apart from the fine, it has also reprimanded and fined KPMG’s senior partner Michael Francis Barradell for misconduct related to… Read More ›
Comcast raises its bid for Britain’s Sky to $32.5 billion
Tune in to the M&A channel to view the latest in the top prime time drama over Britain’s Sky. Topping Rupert Murdoch’s Twenty-First Century Fox’s bid for Britain’s Sky, Comcast Corp raised its offer to $32.5 billion. Previously, Fox had… Read More ›
Rupert Murdoch’s 21st Century Fox agrees to acquire Sky for 24.5 billion pounds
Having outbid Comcast, 21st Century Fox expects to receive regulatory approval from Britain later this week. On Wednesday, 21st Century Fox stated it has secured a deal to acquire Britain’s Sky for 24.5 billion pounds. Rupert Murdoch’s 21st Century Fox… Read More ›
BMW will continue producing cars despite Brexit concerns
Earlier comments published by the Financial Times suggested that BMW would move out of Britain due to Brexit-related supply chain disruptions.This report clarifies on that. On Tuesday, BMW’s special representative in Britain stated the automaker is not considering moving its… Read More ›
CYBG acquires Virgin Money for $2.26 billion
The acquisition sees the creation of the 6th largest bank in the UK. On Monday, in a development that witnesses the creation of the 6th biggest bank in Britain, CYBG, a mid-sized bank, has agreed to acquire Virgin Money for… Read More ›