General Electric to cut 12,000 jobs
General Electric has announced that it will cut 12,000 jobs in the power section of its business, representing 18% of the division’s global workforce according to a BBC News report.…
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Hammerson retail centre owner to take over rival Intu in £3.4bn deal
Retail centre owner Hammerson is to take over its rival Intu in a £3.4bn deal. According to BBC News, the takeover will create the UK’s largest property company with a…
LSE CEO resigns, Chairman will not seek re-election
Xavier Rolet has resigned as CEO of the London Stock Exchange (LSE) and the organisation’s Chairman Donald Brydon will not seek to be re-elected, according to Reuters. The announcement comes…
Post-Brexit hubs for Goldman Sachs in Frankfurt and Paris
Goldman Sachs is planning to have two hubs on the European continent following Brexit, according to Reuters. The banking giant will establish bases in Frankfurt and Paris, with London staff…
Parliamentary committees criticise gig economy
Two parliamentary committees have indicated that rules governing the so-called ‘gig economy’ should be changed to protect workers from exploitation, according to BBC News. The Work and Pensions Committee and…
HSBC agrees to settle French tax evasion case for €300m
HSBC is to pay €300m (£266m) to French authorities in order to settle a long-running investigation into tax evasion by French customers of the bank, according to BBC News. The…
Nisa shareholders narrowly agree Co-op takeover
Shareholder approval has been secured for the takeover of Nisa convenience stores by the Co-Operative Group in a £137m deal, according to BBC News. An emergency meeting of shareholders secured…
Boeing scoops major Emirates 787 Dreamliner order
Boeing has announced a major new order of 40 Boeing 787 Dreamliners for Emirates Airline, according to BBC News. The $15bn (£11.3bn) deal was made public on the first day…
Spending rate falls to lowest since 2014
UK shoppers were spending less in October than at any point in the last four years, according to a survey by payments provider Visa as reported by Reuters. Consumer spending…
CMA investigation into Fox Sky bid publishes scope of inquiry
The Competition and Markets Authority (CMA) will investigate whether Rupert Murdoch would be able to control or influence editorial decisions at Sky News as part of its investigation into the…
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