Saudi Aramco IPO: climate change fears cause banks to miss out on millions in fees

Saudi Aramco IPO: climate change fears cause banks to miss out on millions in fees

Banks looking to cash in on the $1.7 trillion listing of Saudi Aramco will miss out on millions of dollars of fees after concerns about climate change and a high valuation led to weak demand for the oil giant’s shares. Environmental groups hailed the news as a potential turning point and a warning to investors […]

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UCL strike: Hundreds of outsourced cleaners, porters and security guards protest to demand better conditions

UCL strike: Hundreds of outsourced cleaners, porters and security guards protest to demand better conditions

Hundreds outsourced cleaners, porters and security staff at University College London went on strike on Tuesday demanding equal employment rights, and demanding an end to “bullying and intimidation”. Outsourced workers employed by Sodexo and Axis marched through the university grounds, causing some lectures to be cancelled and other staff to be advised to work from home. […]

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Tata Steel to cut 3,000 European jobs in ‘devastating blow’ to workforce

Tata Steel to cut 3,000 European jobs in ‘devastating blow’ to workforce

Plans by Tata Steel to cut as many as 3,000 jobs across its European business have been described as a “devastating blow” to the workforce. The company said it wanted to come to terms with a “severe” international steel market, but added there would be no plant closures. About two-thirds of the job cuts will […]

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Pawnbroker H&T shares plunge 25% after payday lending probe revealed

Pawnbroker H&T shares plunge 25% after payday lending probe revealed

Shares in pawnbroker H&T plunged as much as 25 per cent on Monday after it was revealed that the City watchdog has opened up a probe into potential mis-selling of high-cost, short-term loans. H&T becomes the latest target of a crackdown on expensive credit which has helped to hasten the demise of payday lenders including […]

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Saudi Aramco to become world's most valuable company with $1.7 trillion valuation

Saudi Aramco to become world’s most valuable company with $1.7 trillion valuation

Saudi Aramco will sell shares at a target valuation of $1.6 – $1.7 trillion, making it comfortably the world’s most valuable company. The price announced on Sunday is some way short of the £2 trillion that Saudi Arabia’s ruler Crown Prince Mohammad bin Salman had once targeted but still higher than Microsoft, Amazon and Apple which are […]

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Apple Card just 'another credit card,' Russian bank exec says

Apple Card just ‘another credit card,’ Russian bank exec says

Apple’s credit card got a lot of attention when the company first unveiled it earlier this year, not least because it showed how U.S. tech giants are looking to make waves in the financial services. But according to a Russian bank executive, there’s little more to the Apple Card than what’s on the surface: a […]

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Free broadband: What is Labour proposing and how will it work?

Free broadband: What is Labour proposing and how will it work?

Free super-fast broadband for every home and business in the country by 2030 is certainly the most eye-catching announcement of the general election so far. The Labour Party says it will make the UK more competitive and productive, adding billions of pounds to economic output. What has Labour proposed and why? Download the new Indpendent Premium […]

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Lloyds shareholders ‘bitterly disappointed’ after losing multimillion-pound High Court case

Lloyds shareholders ‘bitterly disappointed’ after losing multimillion-pound High Court case

Lloyds shareholders have expressed their “bitter disappointment” after losing a multimillion-pound High Court action over the acquisition of HBOS. A judge sitting in London on Friday dismissed an action by a group of 5,803 former Lloyds TSB shareholders, who claimed they were “mugged” when the bank recommended the January 2009 deal without disclosing HBOS’s true financial state. Sir Alastair Norris […]

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BT, TalkTalk and other firms criticise Labour's plans to give everyone free broadband

BT, TalkTalk and other firms criticise Labour’s plans to give everyone free broadband

Telecoms firms and Labour’s political opponents have dismissed the party’s plan to provide free broadband as “crackpot” and a “disaster” for the broadband industry. However, academics said the plan would reverse the failure of private companies to provide universal, fast and reliable internet access and could provide substantial savings overall. Industry lobby group TechUK warned […]

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