|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||544.20 - 558.70|
|52-week range||540.00 - 730.00|
|PE ratio (TTM)||14.51|
|Forward dividend & yield||24.00 (0.17%)|
|1y target est||N/A|
There is no evidence to support the claim Britain could have a post-Brexit open Irish border without any checkpoints, according to a report by MPs (BSE: MPSLTD.BO - news) . The Northern Ireland Affairs Committee examined whether it is possible to leave the single market and customs union without creating a hard Irish border. The report concludes it has been unable to find border solutions anywhere in the world which avoid physical infrastructure.
Airbus has flown to the aid of engineering group GKN (Frankfurt: 694194 - news) 's board, saying it could not give new business to the company if a hostile takeover bid succeeds. GKN is opposing an £8.1bn attempt by turnaround specialist Melrose (LSE: 136541.L - news) to woo its investors, arguing it undervalues the company. The proposed "final offer" from Melrose is also facing opposition from MPs (BSE: MPSLTD.BO - news) amid fears for what a takeover would mean for staff, pensions and investment at GKN.
Sky News has established the Government has been signing a series of secret agreements with companies and industry groups over highly controversial outcomes of the Brexit process for Britain's trade border. The attempt to enforce silence about outside discussions on the changes urgently required to the border after Brexit has raised eyebrows across industry. A series of non-disclosure agreements have been forced into the process of consultation with the logistics companies that actually operate the UK border, with one industry source calculating that "many dozens" have been signed.
Russia's embassy in London said on Tuesday it was seriously concerned about reports that Britain could launch a cyber attack against Russia and urged the UK to carefully weigh the consequences of such action. "Not only is Russia groundlessly and provocatively accused of the Salisbury incident, but apparently, plans are being developed in the UK to strike Russia with cyber weapons," the Russian embassy in London said.
An improved outlook for world economic growth will be placed at severe risk if a trade war results from US metal tariffs, a respected global forum has warned. In its latest forecasts, the Organisation for Economic Cooperation and Development (OECD) raised its world growth expectations for both 2018 and 2019 to 3.9% - the highest since 2011 - from a previous estimate of 3.6%. It said pre-Christmas tax cuts in the US , the world's largest economy, would account for much of the upgrade though it warned that protectionist policies were a big risk factor.
The board of FTSE 100 engineering firm GKN (Frankfurt: 694194 - news) has rejected a "final offer" worth £8.1bn in a hostile takeover attempt by Melrose (LSE: 136541.L - news) . GKN chairman Mike Turner said the takeover specialist's third offer - about 10% higher than the one previously tabled - continued to "fundamentally undervalue" it. Earlier, Melrose set out the terms of its increased bid - at 467p per share - which would give GKN investors a 60% stake in the expanded Melrose.
Melrose (LSE: 136541.L - news) has raised its hostile bid for GKN (Frankfurt: 694194 - news) , telling shareholders in the FTSE 100 engineering firm it will be its "final offer". In its third attempt to land the company, the turnaround specialist said its increased bid - at 467p per share - would value GKN at £8.1bn and give investors a 60% stake in the expanded Melrose. Its previous offer valued GKN at £7.4bn and included 57% of Melrose equity.
The chairman of Carillion (Frankfurt: 924047 - news) denied that an emergency Government loan to the company would be "a bailout" even as he warned ministers that a failure to support it could risk "the physical safety of employees and the members of the public they serve". Sky News has exclusively obtained an email sent by Philip Green to John Manzoni, the Cabinet Office permanent secretary, less than 48 hours before Carillion was placed into compulsory liquidation. The message, which set out the construction group's request for a "bridge through to a restructuring", provides fresh evidence of the Carillion board's efforts to avoid taking responsibility for the parlous state of its finances, even as it neared collapse.
The Italian elections have delivered fresh uncertainty to the eurozone. The region's third largest economy now faces a protracted period during which the composition of its next government remains uncertain . Italian government bonds, meanwhile, suffered a small sell-off but not an aggressive one.
Theresa May is meeting EU Council President Donald Tusk in Downing Street, as Brexit tensions ratchet up over the question of how to avoid a hard border between Northern Ireland and the Republic of Ireland (Other OTC: IRLD - news) . On Wednesday the Prime Minister warned the EU that a draft legal text proposing a "common regulatory area" on the island of Ireland, which would in effect keep Northern Ireland in EU Customs Union, would risk the constitutional integrity of the UK. The proposals were the first draft of the EU's legal articulation of an agreement reached between the UK and EU in December, which included a UK commitment to maintain full regulatory alignment with the EU's single market and custom union to prevent a hard border if that goal is not achieved by either a trade agreement or other technical solutions.
Theresa May will meet EU Council President Donald Tusk in Downing Street later, as Brexit tensions ratchet up over the question of how to avoid a hard border between Northern Ireland and the Republic of Ireland (Other OTC: IRLD - news) . On Wednesday the Prime Minister warned the EU that a draft legal text proposing a 'common regulatory area' on the island of Ireland, which would in effect keep Northern Ireland in EU Customs Union, would risk the constitutional integrity of the UK. The proposals were the first draft of the EU's legal articulation of an agreement reached between the UK and EU in December, which included a UK commitment to maintain full regulatory alignment with the EU's single market and custom union to prevent a hard border if that goal is not achieved by either a trade agreement or other technical solutions.
MPs (BSE: MPSLTD.BO - news) have again criticised Carillion (Frankfurt: 924047 - news) directors, saying they were not willing to "wake up and listen" to warnings of its collapse. The Work and Pensions and Business Select Committees have published new information which reveals that last year Financial Director of Construction Services, Emma Mercer was raising concerns about the accounts she found just six weeks into her job. MPs said her revelations threw up serious questions, not least for Carillion's auditors, KPMG.
Jeremy Corbyn simply does not believe a suite of buccaneering free trade deals, that an independent UK trade policy might achieve, are necessarily a good thing. Indeed, there is good reason to presume that Mr Corbyn would be one of the first to protest against a free trade deal with Donald Trump's America or with China. A belief that Labour Brexit supporters could have voted for "hard" or "clean" Brexit in June last year, had every opportunity do so - and were directly targeted by the Conservative campaign - but the Prime Minister famously lost her majority.
Britain should enter a new customs union with the European Union, opposition Labour leader Jeremy Corbyn said on Monday, setting up a possible parliamentary defeat for Prime Minister Theresa May who has vowed to leave the arrangement after Brexit. After months watching May's Conservatives voice deep divisions on the EU without committing himself to a clear vision of life outside the bloc, Corbyn said he wanted a "bespoke" customs union with exemptions for Britain on a number of issues.
Carillion (Frankfurt: 924047 - news) 's former finance chief Richard Adam is under fire from MPs (BSE: MPSLTD.BO - news) amid revelations he sold shares in the firm, raising almost £800,000, ahead of the company's collapse. Chair of the Work and Pensions Committee, Frank Field, accused him of "dumping" the stock at the first possible moment following his retirement in December 2016. The Committee, which is conducting a joint inquiry with the Business Committee into the outsourcing company's failure in January, published the information after receiving evidence letters from both Mr Adam and his successor Zafar Khan.
Brexit does not spell doom for Britain, Jeremy Corbyn will say today as the Labour leader commits to remaining in a customs union with the EU beyond Brexit. In a major policy shift, Mr Corbyn will put some clear blue water between Labour and the Conservative Government by confirming his commitment to a customs union and a pledge to allow the EU to continue to negotiate trade deals on behalf of the UK after Brexit.
Barclays (LSE: BARC.L - news) has posted an annual loss of £1.9bn and faced a backlash on gender pay after it admitted women in its investment bank unit are paid, on average, almost half the sum enjoyed by men. Pre (Shanghai: 600048.SS - news) -tax profits when exceptional items were excluded rose 10% to £3.54bn during 2017 despite earnings at its investment bank plunging to £2.1bn, with Barclays blaming the 22% dive on "weak market conditions". It said one-off charges to hit its bottom line included £901m from changes to US corporate tax laws made by US President Donald Trump in December and a previously announced £1.2bn write-down from the sale of Barclays Africa Group .
The Pensions Regulator (TPR) and auditors have been accused by MPs (BSE: MPSLTD.BO - news) of being "spectators" ahead of the collapse of Carillion (Frankfurt: 924047 - news) . Officials from TPR were asked at the joint inquiry by the Work and Pensions and Business Committees on Thursday why they did not use more of their powers to make Carillion executives address the contractor's growing pensions deficit. The regulator began an investigation into Carillion on 18 January, three days after the group was placed in compulsory liquidation with an estimated £900m funding shortfall in its pension scheme.
The leadership of the City watchdog is facing scrutiny after it emerged that the man appointed as its next chairman had invested in a tax relief scheme. Charles Randell, who is due to take on the role at the Financial Conduct Authority (FCA) on 1 April, admitted to MPs (BSE: MPSLTD.BO - news) that his involvement in the scheme might be seen by ordinary people as a "clever tax wheeze". Mr Randell admitted to making an "error of judgment" over the scheme when he appeared before MPs on Tuesday.
MPs (BSE: MPSLTD.BO - news) have taken the unusual step of using parliamentary privilege to publish a regulator's full report on Royal Bank of Scotland (LSE: RBS.L - news) 's controversial Global Restructuring Group (GRG). The Treasury Select Committee had demanded the Financial Conduct Authority (FCA) publish, or hand over, the unredacted version by Friday last week. The chair of the powerful committee, Nicky Morgan MP, confirmed on Tuesday that it had unanimously agreed to publish the document given "overwhelming" public interest.
A new British party inspired by French President Emmanuel Macron's movement launched a campaign on Monday to thwart Brexit by convincing lawmakers to block any EU withdrawal deal Prime Minister Theresa May can strike. With (Other OTC: WWTH - news) just over 13 months left until Britain is due to leave the EU, opponents of Brexit are exploring ways to stop what they call Britain's biggest mistake since World War Two.
The Chancellor will ditch the famous Budget red box in his upcoming spring statement, which is expected to be a pared back event. Philip Hammond will present updated forecasts for the economy to the Commons, but no major policy changes are expected in the 13 March address. The red box has been a common feature on Budget day for decades, with the Chancellor of the day brandishing it for the cameras in Downing Street before heading over to the House to address MPs (BSE: MPSLTD.BO - news) .
Carillion (Frankfurt: 924047 - news) investors began "fleeing for the hills" up to two years before its recent collapse amid increasing concern about the company, MPs (BSE: MPSLTD.BO - news) have said. One leading fund that started pulling out last year told a joint select committee investigation into the company that it had considered suing after a major profit warning. MPs were told that Carillion's interim boss was able to give only "limited and vague" responses to key questions.
Airbnb is cracking down on traffickers who turn its rental homes into "pop-up brothels" to sexually exploit vulnerable women and girls. The short-term home rental company said it is working with anti-trafficking charity Polaris to train its staff and develop new ways to spot signs of exploitation. MPs (BSE: MPSLTD.BO - news) launched an inquiry last year after reports of temporary brothels springing up across Britain at tourist resorts and sites such as the Lake and Peak Districts.
The Financial Conduct Authority (FCA) has handed MPs (BSE: MPSLTD.BO - news) the full version of its report into the treatment of customers placed in RBS (LSE: RBS.L - news) ' controversial Global Restructuring Group (GRG). The City watchdog had been given a deadline of Friday by the Treasury Select Committee to either publish the document or hand it over - having previously refused to place it in the public domain on legal grounds. Only a summary has been officially released so far as the FCA argued it had not obtained necessary consents to release the full version.