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Bank of England governor says people should prepare for a few interest rate risesBank of England governor says people should prepare for a few interest rate rises

Reported by BBC News
The Bank of England governor tells the BBC that an interest rate rise is “likely” this year, but any increases will be gradual and depend on how well Brexit negotiations progress. »more

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ALLERGAN

A possible bidding war is looming for Shire as Allergan mulls an offer

A possible bidding war is looming for Shire as Allergan mulls an offer
A bidding war is on the cards for Ireland-based pharmaceuticals giant Shire as Botox maker Allergan wades into the debate, saying it is mulling its own bid for the firm.

"Following recent press speculation, Allergan confirms that it is in the early stages of considering a possible offer..
City A.M.

 
FINANCE
McDonnell says finance services will have a seat at the table under Labour   Bloomsbury gains a new finance head from Condé Nast UK exodus   Japan finance official resigns over sex scandal   Lloyds £14bn car finance arm growth threatened by Jaguar Land Rover cuts  

Japan finance official resigns over sex scandal

Japan finance official resigns over sex scandal
The high-ranking bureaucrat denies accusations he sexually harassed female reporters.
BBC News

 
TAKEOVER

Weir launches rights issue after striking $1.3bn takeover of US tools firm

Weir launches rights issue after striking $1.3bn takeover of US tools firm
Scottish engineering giant Weir has struck a $1.3bn (£900m) deal to take over a US mining tools manufacturer.

The FTSE 100 company today simultaneously launched a £350m rights issue to part-fund the acquisition of Oregon-based Esco.

Shares rose four per cent as markets..
City A.M.

 
LONDON
Four-day DLR strike on London Marathon weekend is called off by the RMT   TfL warns of road closures around London during Commonwealth summit   Ranked: London boroughs with the biggest reduction in property asking price   A five year plan for London tech’s reputational rehabilitation   London weather heats up as temperatures expected to soar to 27 degrees   How London's skyline is going to change over the next decade  

Four-day DLR strike on London Marathon weekend is called off by the RMT

Four-day DLR strike on London Marathon weekend is called off by the RMT
DLR strikes scheduled for this weekend have been called off. 

The RMT, who were planning to carry out industrial action from Friday to Monday during the London Marathon, said that it had suspended the strikes. 

Earlier today, TfL announced a severely reduced timetable for..
City A.M.

 
BREXIT
Confusion over cost of Brexit divorce bill lingers
There is more confusion over the final cost of Brexit, with a report from the National Audit Office calling into question the certainty of the government's estimate of £35-39bn.

While the figure put forward by the Treasury was "reasonable", the estimate is based on a number of..
City A.M.

 
RUSSIA
Aluminium and nickel continue to surge on Russia sanction fears
Metals markets have rallied today as pressure from US sanctions on Russia and rising oil prices boost commodities to multi-year highs.

Aluminium giant Rusal continues to feel the heat from sanctions issued earlier this month to target Russian oligarchs and the companies they..
City A.M.

 
OFFICE
A Home Office that can’t handle Windrush is not fit for purpose
Leading MEP Guy Verhofstadt is a troublemaker when it comes to Brexit, set on making life difficult for Britain as it leaves EU, often via the medium of Twitter.

The vast majority of the time, his insights into UK politics should be taken either with an industrial container of salt, or..
City A.M.

 
COMMONWEALTH BANK
Commonwealth Bank charged fees to dead clients, inquiry hears
One Commonwealth Bank customer had been deceased for 11 years, an inquiry hears.
BBC News

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