Honda set to close Swindon car plant

Image copyright Shutterstock Image caption The Swindon plant made 160,000 cars last year Honda is set to announce the closure of its Swindon car plant in 2022, with the loss of about 3,500 jobs. The Japanese company made 160,000 Honda Civics in Swindon last year, of which some 90% were exported to the EU. Honda

UK trade minister Fox By Reuters

© Reuters. FILE PHOTO: Britain’s Secretary of State for International Trade Liam Fox arrives in Downing Street in London TEL AVIV (Reuters) – British trade minister Liam Fox said on Monday that Japan was keen to agree a post-Brexit trade deal and believed it could be done “quite quickly”. The Financial Times earlier reported Japan

LyricFind expands into Southeast Asia and Middle East

Lyric licensing platform LyricFind has expands into Southeast Asia and Middle East. The company has opened offices in Morocco and Vietnam. The newest LyricFind office in Tangier, Morocco, is home to a local team covering Arabic and Turkish languages. At LyricFind’s offices in Vietnam, a local team covers Thai, Vietnamese, Tagalog, Bahasa, and Malay language

German regulator bans shorting of Wirecard shares

The German financial regulator on Monday banned investors from shorting shares in Wirecard, the digital payments group, marking the first time it has used such powers to restrict trading in a single stock. BaFin announced the use of a measure it had previously used to protect 11 bank stocks during the 2008 financial crisis, citing Wirecard’s “importance

How Fee Bundling Kills Performance

Last week we published the latest installment of the Morningstar Active/Passive Barometer. The Barometer is a useful report–it tallies up the number of active funds that have beaten their index-fund peers over various time horizons. Using the Barometer, investors can better gauge their odds of succeeding with active or index funds across the 20 Morningstar

Incyte’s Undervalued as Pipeline Progresses

 Incyte’s (INCY) myelofibrosis drug Jakafi showed strong sales growth in the fourth quarter, with U.S. sales of $380 million representing 26% growth; its sales for the full year were almost $1.4 billion (22% growth). Incyte slightly beat our expectations for 2018 thanks to stronger other revenue, but its 2019 guidance was in line with our

US hedge fund reportedly dumps its entire stake in Barclays

U.S. hedge fund Tiger Global Management has sold all of its stake in British bank Barclays, according to a report by the Financial Times. The New York-based hedge fund had been one of the top 10 investors in Barclays and held a stake of 2.5 percent in the bank. It, however, started reducing its position

NatWest worker told customer ‘vegans should be punched’

Image copyright Getty Images Image caption NatWest apologised and said it had started disciplinary proceedings against the employee A customer who called a bank to apply for a loan was told “all vegans should be punched in the face”. The Bristol woman, who did not want to be named, went to NatWest for a loan

Train firms want overhaul of ticket system

Image copyright Getty Images Image caption Rail operators want fare regulations to change Traditional peak and off-peak rail fares face the axe under sweeping changes being proposed for the UK’s train ticketing system. The Rail Delivery Group (RDG), which represents train operators, wants to eliminate the “cliff edge” between peak and off-peak prices. It argues

New Zealand next to plan digital tax – Amazon.com, Inc. (NASDAQ:AMZN)

Extending a global effort to bring global tech giants into the tax net, New Zealand plans to update its laws so it can tax revenue earned by digital firms like Google (GOOG, GOOGL), Facebook (NASDAQ:FB) and Amazon (NASDAQ:AMZN). The proposed digital services tax (DST) would tax multinational online companies at about 2 or 3 percent

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