Posts Categorized: Warren Fyfe

Firms on Caribbean island chain own 23,000 UK properties

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Image copyright Alamy Image caption The British Virgin Islands are home to 11,700 firms owning UK property A quarter of property in England and Wales owned by overseas firms is held by entities registered in the British Virgin Islands, BBC analysis has found. The Caribbean archipelago is the official home of companies that own 23,000 [...]

Sky and BT win Premier League TV rights

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Image copyright Getty Images Image caption Sky will pay £9.3m per game, whereas in 2015 it paid about £11m per game Sky and BT Sport have agreed to pay £4.464bn to broadcast Premier League football games for three seasons from 2019-20. Five of seven live packages have been awarded, with bidding for the remaining two [...]

Stagecoach East Coast deal to be probed by MPs

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Image copyright Getty Images The decision to end the East Coast Mainline rail franchise early is to come under scrutiny from MPs. The Department for Transport has said Stagecoach and Virgin will withdraw from running the service within months after running into difficulties. Now the House of Commons transport committee has announced that it will [...]

Sports Direct to offer e-sports in Game Digital tie-up

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Image copyright John Nguyen Image caption E-sports fans like to gather in person to play their games Sports Direct plans to open e-sports areas in some of its stores as it increases its collaboration with specialist games retailer Game Digital. The retailer will allow space in which to sell both physical gaming products and for [...]

Barclays Bank charged over Qatar loans

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Image copyright LEON NEAL The Serious Fraud Office (SFO) has charged Barclays Bank PLC with “unlawful financial assistance” related to billions of pounds raised from Qatar in 2008. The same charges were bought against Barclays PLC in June last year. The move to charge Barclays Bank as well is significant because it holds the banking [...]

Insurers ‘risk breaking racism laws’

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Image caption Former Chair of the Equality and Human Rights Commission, Trevor Phillips Insurers risk being found guilty of “racial discrimination,” a leading equality campaigner has claimed, following a BBC investigation. The Former Chair of the Equality and Human Rights Commission, Trevor Phillips, has reacted strongly to research by BBC Radio 4′s You and Yours, [...]

Eurostar launches London-Amsterdam route

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Channel Tunnel train operator Eurostar is launching direct services between London and Amsterdam. Trains will run twice daily from 4 April, with the journey from St Pancras to Amsterdam taking three hours and 41 minutes. But for an initial period, the Eurostar service will only run direct one-way, from London to the Dutch city. Passengers [...]

Dow and S&P stay in correction territory

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Image copyright BRYAN R. SMITH The Dow Jones Industrial Average and the SP 500 remained in correction territory on Friday despite closing higher after another bumpy ride. The Dow ended up 1.4% at 24,190 points, while the broader SP was 1.5% higher at 2,619 points. Both have fallen 10% from the record highs hit on [...]

UK trade deficit widens in December

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Image copyright Reuters A rise in oil prices and higher imports contributed to a widening of the UK’s trade deficit in December. The gap between exports and imports rose to £13.6bn, the Office for National Statistics (ONS) said, which was higher than analysts’ forecasts. Separate ONS data showed industrial output experienced its biggest fall since [...]

Mirror buys Express titles from Richard Desmond

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Image copyright Reuters Image caption Richard Desmond is chairman of Northern Shell The owner of the Daily Mirror has agreed to buy the company behind titles including the Daily Express, the Daily Star and magazines such as OK! Trinity Mirror is to pay £126.7m for the publishing assets of Northern Shell, which is chaired by [...]