Friday, 20 September 2019

Business

UK dividends up after boost from miners

LONDON: Mining company payouts have driven a turnaround in underlying UK dividend growth in the second quarter, prompting Capita to upgrade its forecasts for the year ahead. The quarterly UK Dividend Monitor report from Capita Asset Services showed dividends in the three months to June 30 hit £33.3bn – a record ...

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Pakistan is open for business, say big business entities in UK

LONDON: Pakistan Britain Business Council (PBBC) and its sister company Pakistan Scotland Business Council (PSBC) has signed a Memorandum of Understanding (MoU) with the London Chamber of Commerce and Industry (LCCI) to strengthen the links between the three organisations. All the big business entities present on the occasion said Pakistan ...

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As London squabbles, full Brexit talks start in Brussels

BRUSSELS: Britain’s Brexit minister vowed to “get down to work” as he kicked off a first full round of negotiations on Monday, but a year after Britons voted narrowly to quit the EU their government still seemed at odds over what it wants. “It’s time to get down to work ...

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Beleaguered Carillion wins HS2 rail contract

LONDON: Construction giant Carillion – which issued a profit warning this month as it grapples badly-performing contracts – is among the companies that have been chosen to build phase one of the HS2 rail line. The announcement injected some life back into the firm’s battered share price on Monday – ...

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Carolyn McCall to become ITV chief executive

LONDON: ITV has confirmed the appointment of Carolyn McCall as its first female chief executive. McCall joins ITV from easyJet, where she has been chief executive for seven years. She was also chief executive of the Guardian Media Group, publisher of the Guardian and Observer. She will join the broadcaster ...

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Proportion of Overseas Landlords Halves

LONDON: In 2017 overseas based landlords own 5% of all homes let in Great Britain, down from 12% in 2010 (table 1). London has seen the biggest fall in the proportion of homes owned by overseas landlords, from 26% in 2010 to 11% in 2017. Landlords based in Asia took ...

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‘Smart’ money moving to ‘green’ financing: UN report

UN: Even though investments towards sustainable development in developing countries have fallen short by nearly $2.5 trillion each year, emerging financial products and encouraging policies illustrate that both public and private sectors are serious about correcting that trend, the United Nations environment arm has said. In its new report on ...

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Iceland opens door for UK to join EFTA

ICELAND‘s foreign minister has opened the door for Britain to rejoin a European trade club that would put it on a fast track to sign dozens of ready made deals after Brexit. Gudlaugur Thór Thórdarson said he had spoken to Boris Johnson, the foreign secretary about the UK joining the ...

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Can’t punish Vijay Mallya in absentia: Supreme Court

NEW DELHI: The Supreme Court on Friday said that it cannot punish Vijay Mallya, former chairman of defunct Kingfisher Airlines, in absentia for contempt of court over not faithfully and fairly disclosing his assets to the top court and instead asked the central government to take all steps to produce ...

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EasyJet has applied for post-Brexit base in Austria

PARIS: EasyJet has applied to establish a third airline to allow it to continue flying in the European Union after Brexit. The airline has applied for a £10 million new air operator’s certificate (AOC) in Austria, that it hopes to receive “in the near future”. It will allow the company ...

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