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Tuesday, March 19, 2019

Unemployment Falls To 4%

Despite the best efforts of politicians to destroy the country, unemployment is now below 4% for the first time since 1975.

Monday, March 18, 2019

Deutche Bank Commerzbank Merger - Too Ginormous To Fail....Or Can It?

Deutsche Bank and Commerzbank confirmed on Sunday they were in talks about a merger, prompting labour union concerns about possible job losses and questions from analysts about the merits of a combination.

Germany’s two largest banks issued short statements after separate meetings of their management boards, a person with knowledge of the matter said, indicating a quickening of pace in the merger process, although both also warned that a deal was far from certain.

Size does not grant immunity from failure!

Thursday, March 07, 2019

Greggs Busts Through £1BN Barrier

Greggs stated today that annual sales had broken through £1bn for the first time.

Pre-tax profit last year rose 15% to £82.6m, marking the fifth year in a row that profits have increased.

The firms's shares have almost doubled in value since July last year.

Greggs knows what the market wants and is well savvy at marketing.

Tuesday, March 05, 2019

HSBC Face £150M Lawsuit

By happenstance Ingenious are going into bat against HMRC, over a £1BN film investment scheme.

Monday, March 04, 2019

Huawei Sues Canada

Meng Wanzhou, the chief financial officer of Huawei who is facing an extradition request from the US, has claimed in a lawsuit filed late last week that she was illegally held and interrogated by Canadian officers for three hours before being formally arrested.

Ms Meng was detained at Vancouver International Airport in December while transferring to an onward flight to Mexico. Her case sparked a political furore in China, where she is widely seen as the victim of a political vendetta by the US.

The FT reports that the lawsuit was filed on Friday and distributed to journalists by Ms Meng’s lawyers on Sunday.

It alleges that Canadian officers held her on the pretext of making a routine border and immigration inspection. That allowed them to interrogate her, as well as search her luggage and electronic devices, without affording her the rights to a lawyer and other protections that come into play when a suspect is formally arrested.

The detention was “a deliberate and premeditated effort on the part of the defendant officers to obtain evidence and information from the plaintiff in a manner that they knew constituted serious violations of the plaintiff’s rights”, according to the suit, filed in the Supreme Court of British Columbia.

Monday, February 25, 2019

Brady Steps Down as Chairman of Taveta Investments

The Telegraph reports that Baroness Karren Brady has stepped down from her post as chairman of Taveta, the holding company for Sir Philip Green’s retail empire.

Lady Brady was chairman of Taveta Investments, the company that owns Arcadia Group, which runs Sir Philip’s retail empire, including Topshop, Miss Selfridge and Dorothy Perkins.

Tuesday, February 19, 2019

Honda's Choice - USA vs Japan

Monday, February 18, 2019

Crumbs!

How the hell the internal control systems and auditors didn't spot any of this is beyond me!

Thursday, February 14, 2019

Monday, February 11, 2019

Economy Stagnates As Politicians Fail To Resolve Brexit Uncertainty

Wednesday, February 06, 2019

Interserve Shareholders Wiped Out, Control Handed To Banks

Friday, January 25, 2019

Other Countries Would Kill For China's "Low" Growth

Tuesday, January 22, 2019

UK Employment Hits Record High

The number of people in work in the UK has reached a record high of 32.54 million, latest figures from the Office of National Statistics show.

Unemployment was flat, with a small increase of 8,000 between September and November for a total of 1.37 million.

"The share of the population in work is the highest on record," said David Freeman, ONS head of labour market.

"The share of the workforce looking for work and unable to find it remains at its lowest for over 40 years."

Average earnings excluding bonuses increased by 3.3% in the year to November, as wage rises continued to outpace inflation.