The chief executive of airline easyJet said Britain was likely to be left behind the rest of Europe if the government does not allow quarantine-free travel to most of the continent. Britain will on Friday announce its "green list" of low risk places where people can travel without needing to quarantine on their return home, but reports suggest that just a handful of countries will make the list, with major destinations like Spain and Greece excluded. "It's going to you know be very odd and ironic that actually the UK, the most advanced when it comes to the roll out of the vaccination programme, is actually going to find themselves left behind," easyJet Chief Executive Johan Lundgren told the FT Live online conference on Thursday.
Charles Taylor, the leading provider of insurance services, claims and technology solutions to the global insurance market, has today announced that Alison Black joins the firm this week as Chief People Officer. Alison joins Charles Taylor from AXA where she served in a range of HR leadership roles, including as Global HR Director for AXA Corporate Solutions. At Charles Taylor, Alison is responsible for leading the HR function and for driving the recruitment, development, retention, succession and reward of talent across the Group. Alison will join the Charles Taylor Executive Committee and will report to the Chief Operating Officer, Richard Yerbury.
Fishing vessels were seen moving towards the British Crown Dependency of Jersey on the morning of May 6 amid a dispute over post-Brexit fishing rights.This video shows the vessels moving northwest from the French mainland. Two Royal Navy ships, HMS Severn and HMS Tamar, were deployed to Jersey on the evening of May 5 “to conduct maritime security patrols”, the UK’s Ministry of Defence said.The BBC reported tensions between the UK and France had grown after threats were made to “blockade” Jersey with fishing vessels.As of 8 am, 24 French-flagged vessels were in the vicinity of St Helier, Jersey. Credit: MarineTraffic via Storyful
HMS Severn and HMS Tamar have been deployed to ‘monitor the situation’ at the Channel Island.
Spain is moving aggressively to land new battery and electric vehicle plants, using billions of European Union pandemic relief funds to avoid being left behind as the global auto sector undertakes the biggest technology transformation in a century. As Europe's second largest car-producing nation behind Germany, and with the automotive sector accounting for 10% of its economy, Spain has a lot to lose as automakers overhaul supply chains and manufacturing for electric vehicles. Germany and number three European producer France are already pouring funds into battery plants, supporting their respective national champion automakers, and both Volkswagen and Renault are investing heavily in EVs on their home turf.
Japan's Nintendo Co Ltd on Thursday forecast Switch console sales to reach 25.5 million units in the financial year that started April 1, signalling expectations of the hit device peaking. Nintendo sold 28.8 million Switch consoles in the year ended March 31. With Nintendo a major beneficiary of the COVID-19 pandemic-induced gaming boom, market participants are now focused on whether the Switch can maintain momentum in its fifth year of life amid speculation over new games and a hardware refresh.
I’ve change my mind on Card Factory shares. Here are the reasons why I’ve become bullish on the company. The post Here’s why I’d buy Card Factory shares now appeared first on The Motley Fool UK.
Company Announcement Copenhagen, 6 May 2021 No. 15/2021 Acquisition of ISS A/S shares by Group CFO ISS A/S (ISS.CO, ISS DC, ISSDY), a leading workplace experience and facility management company, has received notification pursuant to article 19 of the Market Abuse Regulation of transactions in ISS A/S’ shares made by persons discharging managerial responsibilities in ISS A/S and/or their closely associated persons. Group CFO Kasper Fangel has purchased 1,557 shares in ISS A/S (as described in attached notification) and now holds a total of 4,192 shares in the company. For investor enquiries Michael Bjergby, Head of Group Investor Relations, +45 31 37 41 71 Louisa Baruch Larsson, Senior Investor Relations Manager, +45 38 17 63 38 For media enquiries Kenni Leth, Head of Global PR & Media Relations, +45 51 71 43 68 About ISS ISS is a leading workplace experience and facility management company. In partnership with customers, ISS drives the engagement and well-being of people, minimises the impact on the environment, and protects and maintains property. ISS brings all of this to life through a unique combination of data, insight and service excellence at offices, factories, airports, hospitals and other locations across the globe. In 2020, ISS Group’s global revenue amounted to DKK 70 billion. For more information on the ISS Group, visit www.issworld.com. ISS A/S, ISIN DK0060542181, ISIN US4651472056, ISS Global A/S, ISIN XS2013618421, ISIN XS1145526825, ISIN XS1673102734, ISS Finance B.V., ISIN XS2199343513 Attachments ISS Announcement 060521 - Kasper Fangel shares PDMR reporting - Kasper Fangel
The Irish government has urged Britain against taking unilateral action to shield former soldiers who served in Northern Ireland during the UK province's sectarian conflict from facing prosecution, a foreign ministry spokesman said. The Daily Telegraph newspaper reported late on Wednesday that the British government is set to introduce a ban on prosecutions of Northern Ireland veterans under new legislation to be announced next week. Dublin had strongly advised London "against any unilateral action on such sensitive issue," the spokesman for Foreign Minister Simon Coveney said on Thursday.
(Bloomberg) -- Societe Generale SA turned in its best equities-trading performance since 2015, rebounding from a disastrous quarter a year earlier and providing relief to Chief Executive Officer Frederic Oudea as he prepares to unveil his new investment bank strategy.Revenue at the equities business -- hit last year by market volatility -- was the high point in a strong trading quarter for the French bank, soaring to 851 million euros ($1.02 billion) compared with analyst estimates of 573 million euros. Fixed income revenue and provisions were also better-than-expected.European and Wall Street banks reported their best equities revenue in years after booming stock markets and retail-investor volatility during the height of the pandemic continued into the new year. The rally is easing pressure on Oudea after the bank’s first annual loss in more than three decades last year, prompting him to reshuffle top management and pledge buybacks.“Market conditions were very positive in the beginning of the year, and there’s always a seasonality,” Oudea said in an interview with Bloomberg TV on Thursday. “But we are confident for the overall year.”SocGen rose as much as 4.5% in early Paris trading and gained 4.3% as of 9:05 a.m., taking this year’s increase to about 45%. Equities revenue was hammered in the first half of 2020 by losses on structured products hurt by companies canceling dividends, triggering a review and a 684 million-euro writedown at the unit. SocGen is cutting about 450 million euros of costs until 2023 at the business and has designed new products. Still, its equities performance since then has been uneven, with gains in the third quarter giving way to declines in the fourth.The first-quarter performance of the equities unit “shows that the franchise is really intact, and that we made the right decision to redesign the portfolio of structured products,” Oudea said.In a bid to boost profitability, he’s started cutting hundreds of jobs at the investment-banking unit and merged the domestic retail networks to reduce the number of branches. Last month, SocGen also agreed to sell its 170-billion euro asset management arm Lyxor to Amundi for 825 million euros. The deal accelerates the bank’s exit from asset management, even as the sector shows higher valuation multiples, making it a growth priority for some peers.French rival BNP Paribas -- which also saw equities income erased a year earlier -- posted its best quarter from that business since 2018, though couldn’t match SocGen’s performance in fixed income, where it missed estimates. On Friday, Barclays Plc’s equities unit reported a 65% year-on-year jump in equities revenue, making it its best quarter ever.Elsewhere, the implosion of Bill Hwang’s Archegos Capital Management spoiled what would otherwise have been strong trading performances by the Swiss banks. U.S. banks’ equity-underwriting fees were almost quadruple their first-quarter 2020 level in aggregate, according to Bloomberg Intelligence, marking the third quarter in a row of growth more than doubling.SocGen’s investment bank saw its revenue soar 54% to about 2.5 billion euros in the first three months topping analysts’ estimates. The division’s new head, Slawomir Krupa, will update strategy on Monday, just as the unit is dealing with a round of job cuts announced in November.During the first quarter, SocGen also joined other European lenders in posting lower provisions and set aside 276 million euros to cover potential bad loans, less than the the 715.8 million euros that analysts anticipated. The lender expects its cost of risk for the year at between 1.6 billion euros and 1.85 billion euros, or about half its 2020 level.Many big European lenders have bolstered profit by stashing less money for doubtful loans than last year or by freeing up reserves. Deutsche Bank AG, Banco Santander SA and Lloyds Banking Group Plc are among the firms to argue that rosier economic prospects justify such moves.SocGen’s CET1 ratio, a key measure of its capital strength, rose to 13.5%, above analysts estimates. The bank expects the Lyxor deal to have a positive impact of about 18 basis points on its core capital ratio, while share buybacks should have a negative impact of 13 basis points.Other highlights of SocGen’s earnings:Revenue EU6.24b vs EU5.89b est.Global Markets EU1.65b vs. EU1.31b est.Fixed Income & Currencies EU625m vs. EU569.7M est.Equities & Prime Services EU851m vs. EU572.7M est.CET1 Ratio 13.5% vs. 12.99% est.Net income EU814m vs. EU258.3M(Updates with shares in fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
When the pandemic passed the one-year mark, Lisa Phillips wasn't exactly eager to walk down memory lane. As we navigate these weeks that are unspooling a year after March, April and May 2020, memories from earlier in the COVID-19 crisis are popping up in people's social media feeds when throwbacks, reposts and commemorations crack open the digital time capsule of the pandemic before it's even over. “If you’re not ready to relive the anniversary and beginning of this ongoing pandemic, you’re not alone,” she tweeted.
A third arrest has been made after a 21-year-old man was stabbed to death at a London shopping centre. Gedeon Ngwadema was attacked at Brent Cross mall at 6.45pm on Tuesday after reports that a fight broke out. On Wednesday, officers arrested a 20-year-old man on suspicion of murder at his home in Harrow, north west London.
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Improved or stable commercial performance across all main products in TDC Group as well as continued cost savings resulted in a small decline in EBITDA in Q1 (-1.8% YoY)TDC Group’s operating expenses improved by 11.5% YoY in Q1, driven by cost reductions across TDC Group, primarily in Nuuday (13.7%) Capex decreased by 27.6% YoY, driven by reduced costs following the completion of last year’s mobile network 5G-swap as well as lower activity in fibre rollout due to COVID-19Leverage for DKT Finance was 5.3x (5.3x in Dec 2020) and for TDC A/S 3.6x (3.5x in Dec 2020). Additional RCF of DKK 2.577m was raised in Q1 to secure sufficient liquidity to cash flows the next 24 months – including operations, investment programs and maturing funding in 2022TDC NET’s EBITDA totaled DKK 1,154m, increasing by 72m from Q4 2020 to Q1, however a decrease of 1.4% compared to the same period last year YoY revenue declined by 5.2%, driven by mainly fewer customer installations due to COVID-19 and continued decline on legacy productsGross profit decreased by 2.5% YoY, as the GP margin improved due mainly to growing revenues in mobility services and lower revenues from low margin productsOperating expenses decreased by 5.2% YoY in Q1, as costs related to the separation of TDC decreased as part of our focus on optimising our organisation TDC NET’s capex decreased by 26.3% YoY in Q1, driven by the YoY effect of the 5G swap as well as lower activity in fibre rollout due to COVID-19 and weather conditions - 17k homes were passed with fibre in Q1. The fibre rollout is regaining the pace and homes passed with fibre are expected to be back on a similar level to previous quarters in Q2Best mobile network TDC NET committed to invest DKK 795m in the latest spectrum auction, which will give us a strong foundation to further develop Denmark's best mobile network for consumers, businesses and institutions throughout the country. TDC NET was the only company in the auction to acquire spectrum on all five frequency bands TDC NET was awarded best mobile network in Denmark by Teknologisk Institut (Danish Technological Institute) for the 6th consecutive year. In addition, in the latest tests done by Tutela, TDC NET had the best mobile network in the Nordics Nuuday EBITDA declined by 7.0% in Q1 YoY, driven mainly by fewer RGUs in low-speed broadband and landline voice within our mature services segment. Nuuday’s revenue declined by 3.3% YoY in Q1 driven by the structural decline in mature services, e.g. landline voice, low-speed broadband and traditional TV packages.Gross profit declined by 11.4% YoY in Q1 while showing a flat development compared to Q4 2020 declining 0.3%. The mature services, primarily low-speed broadband and landline voice were also the main driver of the YoY gross profit decline. This was partly offset by a 1.1% increase in TV gross profit YoY. In Q1 YoY, Nuuday reduced operating expenses by 13.7% driven by significant reductions in personnel cost along with savings across opex categories. Capex declined by 26.2% in Q1 YoY driven by lower costs related to customer installations and lower investments in privately owned networks and IT.In Q1, Nuuday maintained its position as market leader across all products with small changes in market shares, prompted by positive trends in YouTV and Eesy following their launch in 2H 2020. Conference call details A conference call will be held on 06 May 2021 at 14:30 CET. Presentation material will be available prior to the conference call on www.tdcgroup.com Dial-in details: +45 32 72 51 67 - Meeting ID: 256 316 081# Webcast: https://teams.microsoft.com/l/meetup-join/19%3ameeting_YWM1M2I2ZDQtNzdhNC00OWQzLTg2NTgtYzcyZGQxZTdhYzhh%40thread.v2/0?context=%7b%22Tid%22%3a%22e8dcf6e6-3acc-4af9-9cb2-77f688cb688b%22%2c%22Oid%22%3a%22e3bc77b8-3126-4e3f-b136-3297ef0a91d3%22%7d For investor enquiries: +45 66 63 76 80 For media enquiries: +45 70 20 35 10 This notification is made by Klaus Rose, Treasury Analyst at TDC A/S. Attachments Release 2 -2021 Q1 TDC Q1 2021 Financial Presentation TDC_ER_Q1_2021
The former commander was demoted until the ex-president intervened
Onfido, the global identity verification and authentication company, today announced the results of a global study* that found 17% of consumers would rather watch paint dry than create a unique password for every online account they have. Issued by Censuswide, the study polled more than 4,000 consumers in the United States, the United Kingdom, France and Germany who have online or mobile accounts on their password habits, attitudes and more.
‘Gone should be the days when wild animals were treated as toys or props,’ PETA says
The Bloomberg New Economy Forum will move to Singapore this year, in part because of the "very concerning" conditions journalists face in China, according to comments by Bloomberg founder Michael Bloomberg reported by the Financial Times. Bloomberg, the billionaire founder of Bloomberg News and the former mayor of New York City, also cited "logistics" as a reason to hold the event in Singapore, the Financial Times reported. The inaugural forum, in 2018, was to be held in Beijing but was shifted to Singapore amid rising tensions between China and the United States.
What happens when the body you’re born with doesn’t reflect the person you are?
Model and singer Nick Kamen, who was considered a protege of Madonna, has died at the age of 59, a friend of his family has confirmed to the PA news agency. Kamen, who was born in Harlow, Essex, first came to public attention when he appeared on the front of The Face magazine in 1984 wearing a ski hat, lipstick and aviator sunglasses.