Nathan Bissitt, Author at Business Ideas UK

Articles

Deutsche scales back Brexit jobs exodus plan

ByNathan BissittJanuary 17, 2018

Deutsche Bank plans to move hundreds of staff out of London as a result of Brexit rather than the thousands first feared, a senior executive has said. It is the latest global lender to roll back on suggestions of an exodus from the City caused by Britain’s

Articles

New nuclear plant at Sizewell '20% cheaper than Hinkley'

ByNathan BissittJanuary 17, 2018

EDF Energy has said it could build a new nuclear power station in Suffolk for significantly less than the near £20bn Hinkley Point C site.Chief executive Simone Rossi said there could be a capital cost reduction of 20% for a proposed new plant at Sizewell,

Articles

Tesco delays Clubcard rewards cut after backlash

ByNathan BissittJanuary 17, 2018

Tesco is delaying a cut to its biggest Clubcard rewards after it faced a backlash from customers.The supermarket announced on Monday that the value of its reward vouchers was changing immediately, provoking an angry response on social media.It has now pushed back a

Articles

Carillion directors' bonus payments stopped

ByNathan BissittJanuary 17, 2018

Bosses at collapsed construction firm Carillion have had their bonus payments halted amid growing anger at bumper payouts. The Insolvency Service revealed payments had stopped when the major public service provider plunged into liquidation on Monday with debts of

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‎Lloyds to keep £2,000 cap on cash bonuses

ByNathan BissittJanuary 17, 2018

Britain‎’s biggest retail bank is to retain a £2,000 cap on cash bonuses even after being freed from the shackles of partial state ownership last year. Sky News has learnt that Lloyds Banking Group is expected to continue with the limit on ‎cash payouts, nearly

Articles

Bitcoin dips below $10,000 for first time since December

ByNathan BissittJanuary 17, 2018

Bitcoin has traded below $10,000 for the first time since early December.The value of one bitcoin fell to $9,958 (£7,222) before making a slight recovery, according to a price index run by the news site Coindesk.However, it later fell again dipping just below $9,200.

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GKN rejects £7.4bn hostile takeover bid

ByNathan BissittJanuary 17, 2018

Engineering giant GKN has rejected a £7.4bn hostile takeover bid from Melrose Industries.Turnaround specialist Melrose said it believed it could “deliver significantly greater benefits” to GKN’s shareholders than GKN could on its own.Last week, GKN

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Government reassures over supplier Interserve

ByNathan BissittJanuary 17, 2018

The government has said it does not believe any of its major suppliers are in a similar position to Carillion.It commented after shares in the construction and services firm Interserve fell amid reports that its financial health was under special Cabinet Office

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Interserve falls 15% as Govt monitors health

ByNathan BissittJanuary 17, 2018

Interserve, a rival of Carillion until its financial collapse this week, has seen its share price fall sharply on a report the Government is closely monitoring the state of its finances. Stock was down as much as 15% in early trading on the London Stock Exchange More

Articles

Fraudsters could benefit from Brexit

ByNathan BissittJanuary 17, 2018

The head of the Serious Fraud Office has said there must be no let-up in the way financial criminals are pursued after the UK leaves the European Union. David Green told Sky News it is “absolutely crucial” that investigations into bribery and fraud