St Helena aims for tourism boost despite airport woes

Ashley Coates St Helena aims for tourism boost despite airport woes by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteabley whatsapp Share Despite not having a fully functioning airport, authorities are pushing ahead with plans to develop the capital, Jamestown.The St Helena Government put out a tender yesterday “inviting Expressions of Interest to commission a study to take forward the earlier work on the development of the Jamestown Wharf that will result in a master plan for the area”.“The move of the major point of arrival at the island from Jamestown to St Helena Airport provides an opportunity to develop the Jamestown Waterfront as a leisure destination for tourists and residents of the island”, the tender document states. “It offers a range of historic buildings reflecting centuries of international trade and a sea front setting for restaurants, bars, speciality retail and leisure activities”.St Helena’s residents remain hopeful that the island can be weaned off its reliance on the £30m/year subsidy from the Department for International Development. Before then, further infrastructure investment is likely to be needed both for future tourism and the long-term viability of the local population.The oldest of Britain’s remaining Overseas Territories, St Helena’s remote location is the main reason for its deprivation. It sits in the middle of the South Atlantic, where the primary point of contact with the outside world is one of the four remaining Royal Mail Ships, the “St Helena”. Until the new runway was finished last year, the ship was the only significant transport to and from the island. It became famous in the 1800s as the home of the exiled French Emperor, Napoleon Bonaparte, but in recent times St Helena has attracted more attention for the cost of its new airport.Last year it was revealed that the Department for International Development had spent £285 million on an airport at a site that is too windy for large commercial jets to attempt a landing. More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp St Helena’s residents remain hopeful that the island can be weaned off its reliance on the £30m/year subsidy from the Department for International Development. Before then, further infrastructure investment is likely to be needed both for future tourism and the long-term viability of the local population.It was hoped that the new airport would open up direct flights to the 47 square-mile island, and provide stimulation to its beleaguered tourist industry. Average wages for the 4,500 residents on St Helena stand at just £7,000 per year.Earlier in the month, it was revealed that hotel and bar owners on the island would receive compensation for having invested thousands of pounds into businesses on the island, only for the multi-million pound airport to prove unusable.A report by the Commons Public Accounts Committee last year stated that the Department for International Development had “unquestionably failed” the UK taxpayer.”It is staggering that the department did not foresee and address the impact of difficult wind conditions on landing commercial aircraft safely”, the report concluded.It is hoped that connecting flights using smaller planes could keep St Helena’s hopes of becoming a hub for tourism alive. Wednesday 25 January 2017 7:13 pm read more

Goerge Osborne: Brexit talks with the EU will be “bitter”

whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsTaco RelishSuspicious Pics That Are Fishier Than The SeaTaco RelishFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUnify Health LabsRandy Jackson: “This Drink Is Like A Powerwash For Your Gut”Unify Health Labs Share whatsapp Wednesday 1 February 2017 1:56 pm Goerge Osborne: Brexit talks with the EU will be “bitter” In a rare intervention, former chancellor George Osborne has predicted the government faces “bitter” talks when it gets around the negotiating table with the EU. Speaking as MPs debated the passage of a Bill granting Prime Minister Theresa May the power to launch divorce proceedings, Osborne said the government had not “put the economy first” in the aftermath of the referendum. Osborne’s comments came ahead of a vote among MPs on the progress of the Bill, expected later this evening.The former chancellor said if MPs to reject the Bill, it will present the UK with a constitutional crisis. But he added parliament now faces a series of important questions on topics like immigration and state aid.He also sounded a warning: “I will be in those fights in the couple of years ahead.” Mark Sands Read More: May confirms Brexit white paper will be published tomorrow”The government has chosen – and I respect this decision – not to make the economy the priority in this negotiation. They’ve prioritised immigration control,” he said, adding that European leaders were similarly unfocused on the economy.”While they understand that Britain is a very important market for their businesses, their priority is to maintain the integrity of the remaining 27 members of the EU. They are not interested in a long and complex hybrid agreement with the UK,” Osborne said.”It’s going to be, I suspect, rather bitter.”Read More: The EU doesn’t believe UK will walk away from trade talks – Sir Ivan Rogers More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org read more

RBS is selling its London Bishopsgate headquarters in cost-cutting drive

Moving will take place during 2019, and the bank will then begin to think about selling the building. A spokesperson told City A.M. that there is no planned deal lined up.”As we become a simpler, smaller UK-focused bank and as we encourage more flexible ways of working, we no longer require the same amount of office space as we once did,” the RBS spokesperson said.”We will be exiting 280 Bishopsgate by the end of 2019 which will further reduce our property costs in London. We will be revamping our nearby office at 250 Bishopsgate later in the year to accommodate more staff and to create a better, more flexible working environment.”RBS was reported last year to be selling its Premier Place London office to an arm of Quebec’s government pension manager, Ivanhoe Cambridge. The offer price was said to be slightly less than the £145m the bank was seeking, according to Bloomberg.Whether RBS will have better luck selling 280 Bishopsgate, by which time the UK is scheduled to have fully left the EU, remains to be seen. RBS is selling its London Bishopsgate headquarters in cost-cutting drive whatsapp Lucy White RBS has also been pinching pennies in other areas. In December, it said it would close 259 Bank of Scotland and Natwest branches and lop 680 jobs – a move which proved unpopular with many politicians, especially those who represent more rural constituencies.Some staff from the Bishopsgate HQ will also move to offices in Princes Street and Regents House, City A.M. understands. Although there is not expected to be a swathe of job cuts to facilitate the move, current chief executive Ross McEwan has been pursuing a gradual shrinking of headcount.His pragmatic style is in contrast to former boss Fred Goodwin, who stepped down following the bank’s £45bn government bailout after pursuing a rapid expansion plan. Royal Bank of Scotland (RBS), which is currently majority-owned by the UK government, is planning to flog its London headquarters post-2019 as it pushes ahead with an extreme cost-cutting drive.The bank will move out of the 280 Bishopsgate building back down the road to number 250, which it is planning to revamp later this year. Tuesday 23 January 2018 9:58 am whatsapp Share More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPuffer fish snaps a selfie with lucky divernypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com read more

Europe’s highest court will issue decision ‘quickly’ on whether the UK can reverse Brexit

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndoLearn It WiseColleagues Find Woman’s Bikini Photos Inappropriate, Give Her UltimatumLearn It WiseUndoGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoHero Wars This game will keep you up all night! Hero Wars Undo Judges at the European Court of Justice (ECJ) are set to decide “quickly” whether or not the UK can reverse Article 50, the mechanism by which it withdrew from the bloc, without permission from other member states.Britain is set to leave the EU on 29 March next year under the terms of Article 50, which MPs triggered in a vote last year. Alexandra Rogers Tuesday 27 November 2018 1:56 pm whatsapp But a case to reverse that vote has been brought by a group of Scottish politicians who argue that Article 50 can be revoked and that June’s 2016 referendum was not legally binding.The ECJ is hearing the case today and judges said they would deliver a decision “quickly”, according to Reuters, but did not give a specific date.“These petitioners need to know the options for revocation which are open to withdrawing member states now, to allow them – properly and in a fully informed way – to carry out their duties as democratically elected representatives,” said Aidan O’Neill, a lawyer for the politicians, according to Reuters.Under Article 50, any country that wishes to withdraw from the EU has until two years to agree an exit deal, a deadline that can only be extended with the permission of all other 27 EU member states.If the ECJ rules in the SNP politicians’ favour it will give hope to those advocating a second referendum as it would show that no Brexit is an alternative to both the deal struck by May and no deal. center_img Lawyers for the government have argued that any ECJ ruling would be irrelevant as a second referendum is against government policy.Meanwhile, lawyers for the EU warned that allowing the UK to reverse its departure without the agreement of other member states could open the door for other countries to abuse the exit process.Hubert Legal, speaking for the EU’s executive commission, said countries could give notice of their decision to leave before seeking better terms in order to remain in the bloc, Reuters reported.The legal challenge comes as May prepares to sell her Brexit deal to the House of Commons, which is set to pass or reject it in a vote on 11 December. She is facing opposition from MPs across all parties.This morning, former defence secretary Michael Fallon said May’s Brexit deal was “doomed” and must be renegotiated – an option that has been ruled out by EU negotiators who have said it is the “only deal possible”. Europe’s highest court will issue decision ‘quickly’ on whether the UK can reverse Brexit whatsapp Share Tags: Brexitlast_img read more

Brexit mess makes Britain ‘hot heads’ of Europe, says City’s policy boss

first_imgA Reuters survey showed the number of jobs banks expect to relocate from the UK is roughly 5,800, down from initial estimates of 10,000 last year. Tuesday 4 December 2018 6:54 pm Share Brexit mess makes Britain ‘hot heads’ of Europe, says City’s policy boss “We do travel the world quite extensively and I do find people asking what is going on in the UK, saying ‘you used to be so statesman-like and rather boring, and now you seem to have become the hot heads and hot bloods of Europe’,” she told Reuters.McGuinness said banks, insurers and asset managers in the City are moving business away from the UK without waiting for the outcome of Brexit.“People realise it is going to be very turbulent whatever happens,” she said. “The worst-case scenario would be no-deal happening by accident or design.”The City’s policy chief said the full outcome of the UK leaving the EU is not likely to be felt for at least 10 years.The comments come a day after the FCA issued a warning to banks about moving business away from the UK because of Brexit. James Warrington whatsapp Britain’s mishandling of Brexit has made it the new “hot heads” of Europe and damaged its financial services industry, according the the City of London’s policy boss.Catherine McGuinness said the uncertainty surrounding Brexit has damaged the country’s reputation and will take time to rebuild. whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comConnecticut man dies after crashing Harley into live bearnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndoLearn It WiseColleagues Find Woman’s Bikini Photos Inappropriate, Give Her UltimatumLearn It WiseUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyUndoGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveUndo Tags: Brexit FCAlast_img read more

A second referendum wouldn’t be undemocratic… but it would be disastrous

first_img Tags: Brexit People Theresa May A second referendum wouldn’t be undemocratic… but it would be disastrous Joshua Livestro The third argument is the Leave equivalent of Project Fear: “it would be deeply divisive”. Yes, it would – but so would not holding a second referendum. If there is one guarantee, it is that the UK will remain bitterly divided about Brexit for many years to come.“But things would get even worse.” Worse than they already are? You have family members and lifelong friends no longer talking to each other this Christmas because they “voted the wrong way”, and government talk of rationing, of troops in the streets, of forcing Ireland to its knees, of Scotland threatening to secede.And that’s if Brexit is implemented. Short of actual civil war, it’s hard to see how things could get worse.None of the arguments against the staging of a second referendum presented by its opponents make any sense.But that doesn’t mean that it would be a good idea. It would, in fact, be a really bad idea. Terrible, even, if its advocates were victorious and Brexit were averted. As a Dutch Anglophile and a committed European, my natural sympathies lie with those currently aiming to preserve the ties that bind the UK to the European Union.What the massive street protests and the passionate people’s vote campaign make clear is that many Brits are as attached to their newly-won European rights as they are to their old British freedoms. If I were in their position, I too would use every possible tool at my disposal to avoid losing the right to live, love, study, and work anywhere within the borders of the continent of Europe. These are my European liberties, and you would have to pry them “from my cold, dead hands”, as they say.Given my sympathies, I suppose that it would be logical for me to support a second referendum. And in fairness, none of the arguments given by Brexiteers against the idea of another vote make any sense to me. They are transparently dishonest, motivated by the fear that the original Brexit result might be overturned a second time around.Take, for example, the claim that a second referendum would be “undemocratic”. Provided that it meets a number of basic criteria about the wording of the question and equal access of both sides to voters and the media, a plebiscite by its very nature cannot be an affront to democracy.The second argument against another vote is slightly more subtle, but no less fallacious: “people have already voted”. Well yes they have. But only on the general issue of Leave versus Remain, not on the actual details of the kind of Brexit agreed upon by the UK government and the EU27.It is perfectly legitimate to ask the electorate if it really prefers Brexit as it would actually work out to the current situation. Because the UK staying in the EU after everything that has happened since 2016 would be nothing short of catastrophic.This shock about-turn would create a permanently aggrieved minority of close to 50 per cent of the British electorate. This aggrieved voting bloc would inevitably be served by a virulently anti-EU media and openly eurosceptic politicians, all fired up with renewed fury that Brexit had slipped from their grasp.The most effective ones would rise to the top of the Conservative party – which would be destined to become the main vehicle for politically organised euroscepticism – far more so than it is already.The Tories would duly end up electing a series of hardline anti-EU leaders. And since the Conservative party is still Britain’s natural party of government, these leaders would inevitably become the UK’s Prime Ministers.Britain, are you ready for Prime Minister Jacob Rees-Mogg? Thursday 20 December 2018 8:36 am whatsappcenter_img City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Opinion The EU certainly isn’t. It has plenty of experience dealing with awkward members of the European Council, but it has never had a Prime Minister of a large member state openly committed to blowing the whole thing up. And it really doesn’t want to find out what that is like either.So to my pro-EU friends in Britain, I say this: reject Theresa May’s deal if you must, but please don’t plunge the EU into the chaos that would be the result of continued UK membership.Why not turn your efforts towards urging the government to take the next best thing in the form of EEA membership? You’d keep all your European freedoms, and would stay as closely linked to the EU as a non-member state can be.And of course you’d be perfectly within your rights to fight on, under the banner of “Rejoin or die”.If you did so, I’d come and march with you. Because your future may well be in the EU, as part of the European family of nations. Just not right now. Please. whatsapp Share More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com last_img read more

RAF missile-maker MBDA’s offices raided by French police

first_img whatsapp RAF missile-maker MBDA’s offices raided by French police by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStory Tags: BAE Systems Company MBDA manufactures the Brimstone anti-vehicle missile and the Storm Shadow cruise missile for the Royal Air Force.Read more: Bomb scare at BAE Systems nuclear shipyard prompts evacuationThe company is a pan-European joint venture between Airbus, BAE Systems and Leonard.“The raid took place last week following the decision by the court in (the Paris suburb of) Nanterre … to issue a search warrant of the property,” Aldini said in a statement.Aldini said it was in a legal dispute with MBDA over a deal last year to buy chip designer Dolphin Integration. whatsapp It has 10,500 employeees in the UK, France, Italy, Germany, Spain and the US.MBDA declined to comment James Booth MBDA describes itself as the “only integrated defence company to provide missiles and missile systems for each branch of the armed forces”.Read more: Airbus military drone built for MoD ‘crashes’ on test flight in AustraliaIt has 10,500 employeees in the UK, France, Italy, Germany, Spain and the US.MBDA was contacted for comment.MBDA describes itself as the “only integrated defence company to provide missiles and missile systems for each branch of the armed forces”. Share Thursday 25 April 2019 4:31 pm Police raided the head office of missile manufacturer MBDA last week at the request of merchant bank Aldini which it is involved in a legal dispute with.Police were turned away with MBDA citing the French national defence act, Aldini said. last_img read more

Bank of England upgrades UK growth forecast as household spending boosts economy

first_img whatsapp Bank of England upgrades UK growth forecast as household spending boosts economy Activists protested outside the Bank of England this morning. (Source: Fossil Fuel London/Positive Money)The MPC predicted that Britain’s economic growth will stay flat at 1.6 per cent in 2020, matching growth in 2019. But the group foresees it hitting 2.1 per cent in 2021, 0.3 percentage points higher than predicted in February.Inflation is expected to rise above the Bank’s two per cent target briefly during the second quarter of this year as the Ofgem price cap is increased, pushing up energy prices.Read more: UK inflation rate holds steady sending Britons’ real wages higherHowever, inflation in 2020 is expected to be lower than originally forecast, at around 1.7 per cent, thanks largely to falling wholesale gas and electricity prices.Consumers keep spending Read more: Climate change protesters target Bank of England rate-settersOutside the Bank, climate protestors had gathered to demand the institution go green and spend its stimulus money on eco-friendly companies. Carney said the bank’s financial policy committee (FPC) rather than the MPC were responsible for ensuring the financial system played its part in mitigating climate change. whatsapp More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comColin Kaepernick to publish book on abolishing the policethegrio.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com A large part of the economic growth will be due to household spending, which has been remarkably resilient during the Brexit impasse. Household consumption is now expected to grow 0.4 per cent in the first quarter of the year. Bank of England governor Mark Carney said: “Real wage income is growing and that’s what’s driving consumption.”Consumption has become increasingly important due to shrinking business investment, which is expected to continue for another two quarters, and weakening international trade.Carney said it was likely that businesses were hiring people who can be laid off later instead of investing. “The relative cost of investment versus hiring has shifted quite substantially in favour of hiring,” he said.Britain’s economic situation will also be boosted by a strengthened global economy towards the end of 2019, the Bank said. The MPC said a spate of central banks holding or cutting their interest rates and US-China tariff increases being taken off the table will benefit the UK.In one of governor Mark Carney’s last economic reports as Bank of England chief, the MPC reiterated its warning about a no-deal Brexit, saying: “A disorderly exit could severely impair the productive capacity of UK businesses.”center_img Harry Robertson The Bank of England once again voted to keep interest rates on hold today, as it painted a picture of an economy propped up by household spending as Brexit uncertainty continues.Read more: City A.M.’s shadow MPC votes to hold interest rates despite recent growth Share Thursday 2 May 2019 12:06 pm Threadneedle Street also upgraded Britain’s 2019 economic growth forecast to 1.5 per cent compared to the 1.2 per cent foreseen in February, thanks in part to a “temporary” boost from Brexit stockpiling.The first monetary policy committee (MPC) decision since Britain’s membership of the European Union was extended until 31 October saw a unanimous vote to keep the headline interest rate at 0.75 per cent.Rates risesThe Bank maintained its view that “an ongoing tightening of monetary policy” from now until 2022 was the right course, largely due to its prediction that excess demand will pick up strongly in the economy. This guidance that it will raise rates makes the institution rare among leading central banks, which have been more dovish.The MPC emphasised that the UK’s economic data “could be unusually volatile” and will “depend significantly” on the shape Brexit takes. Threadneedle Street said little about the Brexit extension, maintaining its “wait and see” position.The Bank’s inflation report — its health check of Britain’s economy — predicted unemployment would fall faster than originally thought, hitting 3.5 per cent by 2022, a rate not seen since the 1970s. Tags: Bank of England Brexit Mark Carney Peoplelast_img read more

Aviva CFO to leave in latest leadership shake-up

first_imgStoddard will remain with the company until the end of the year to ensure a smooth transition. whatsapp “Aviva is in a strong financial position with a bright future ahead of it.  I have thoroughly enjoyed working with Maurice and I wish him, Jason, and everyone who works for Aviva all the best for the future.” whatsapp London, UNITED KINGDOM: Aviva, Britain’s largest insurance company’s logo is pictured at their office’s in London, 22 March 2006. Aviva, said Tuesday it had not ruled out making a renewed takeover bid for rival Prudential. Prudential snubbed on Monday a takeover approach from Aviva that valued it at 17.2 billion pounds (24.8 billion euros, 30.2 billion dollars). AFP PHOTO/BEN STANSALL (Photo credit should read BEN STANSALL/AFP/Getty Images) At the time Tulloch said the appointments were necessary to bring “greater energy, pace and commercial thinking” to Aviva. “Tom is a tremendous leader and has played a major role in delivering Aviva’s financial turnaround, significantly strengthening the group’s capital position,” Tulloch said. “After five successful years at Aviva, he leaves with my best wishes and those of Aviva’s board.” The CFO is the most recent in a wave of departures announced by Aviva since Tulloch took the top job in March. He will be replaced on an interim basis by Jason Windsor, who is currently the CFO of Aviva’s UK arm. Wednesday 5 June 2019 6:43 am Instead he brought in 18-year Aviva veteran and former chief risk officer Angela Darlington to replace Briggs. Share He dumped Andy Briggs, the chief executive of Aviva’s UK insurance arm, in late April.center_img Aviva CFO to leave in latest leadership shake-up by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStoryHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGem Tom Stoddard will quit his role as chief financial officer at the end of June, the UK insurer’s board of directors said. Tulloch also added more business unit leaders to the senior leadership team. Aviva Canada chief exec Colm Holmes and Aviva France chief Patriock Dixneuf both joined that group. Read more: New Aviva boss shakes up leadership team to boost ‘commercial thinking’ Joe Curtis The chief executive took the reins promising to deliver more value to shareholders. Stoddard added: “Whilst I will miss all the friends I have made here, Aviva has a strong finance team, and it is now time for me to clear the way for others to step up, as I consider new opportunities Aviva sacked former boss Mark Wilson as Aviva’s share price wallowed at 464p, down from 552p last May. Aviva’s CFO is set to depart in the latest of a series of sweeping changes under new boss Maurice Tulloch. Windsor will take on the interim CFO role from 1 July. He has worked at Aviva since 2010 and his roles have included chief capital and investments officer and a group executive member. Read more: Aviva share price falls as it warns of ‘muted’ 2019last_img read more

Direct Line profits drop after discount rate change

first_img Profits before tax also dropped 10.8 per cent from £292.8m the previous year to £261.3m. Direct Line profits drop after £16m blow from discount rate change Direct Line blamed that partly on a £15.9m charge over the government’s plans to change the discount rate used to calculate personal injury compensation. whatsapp Direct Line hiked its interim dividend marginally up 2.9 per cent to 7.2p, while basic earnings per share fell from 16.8p in the first half of 2018 to 14.9p. Read more: Insurers voice dismay over government change to personal injury discount rate What Direct Line said: The figures Wednesday 31 July 2019 3:08 pm James added: “I am pleased with the progress that we have made so far this year. We have delivered a good financial performance overall, benefiting from the breadth and diversity of our business.” The plans will force insurers to make larger initial lump sum payments for claims. Direct Line’s share price slipped 1.3 per cent to 319.8p. Why it’s interesting: Its combined operating ratio climbed higher to 94.6 per cent, compared to 90.7 per cent a year ago. Anything below 100 per cent means the insurer earns more than it pays out. Jack Penswick Overall cash flow for the half was £1.08bn, up from £937.2m at the end of the first half of 2018. Share Main image credit: Getty whatsapp Read more: Starling Bank partners with Direct Line to simplify insurance Meanwhile gross written premiums slipped 2.2 per cent year on year to £1.61bn. “There remains much to do, but we are successfully removing costs from the business,”  Penny James, CEO of Direct Line, said. The number of in-force policies fell 3.2 per cent year on year to 14.8m. Operating profit sank to £274.3m for the six months to the end of June, a 10.2 per cent fall from the £305.5m it recorded a year ago. Motor insurer Direct Line reported a 10.2 per cent drop in first-half profits today amid aims to cuts costs and as it took a hit from government changes to insurers’ discount rate. Direct Line reiterated its full-year financial targets despite its core motor insurance profits plunging 36 per cent. The insurer added that it is on track to reduce operating expenses to less than £700m by the end of 2019. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comlast_img read more