Budget airline Monarch receives an extension to its licence to operate and says it has secured “significant” new funding from shareholders.
BBC News – Business
Category: Business News
Housebuilders need to build faster, says Nationwide
Housebuilders should get on and build more houses, the Nationwide Building Society has declared, as prices continue to rise.
BBC News – Business
Business rate rise to push up cost of broadband, BT says
BT condemns “excessive” new business rates, which it says will push up the cost of broadband services.
BBC News – Business
UK spending grew strongly post-Brexit vote, ONS data shows
The UK services sector grew much more strongly than expected in the wake of June’s vote to leave the European Union, latest figures show.
BBC News – Business
Deutsche CEO tries to reassure staff as shares plunge
FRANKFURT/LONDON (Reuters) – Deutsche Bank's chief executive sought to reassure his staff on Friday that Germany's largest lender remained robust, telling them that the departure of any hedge fund clients was small compared to the bank's vast customer base. Chief Executive John Cryan's letter, seen by Reuters, addresses reports of the departure of "some few" hedge fund clients, blaming "speculation" and "certain forces" for what he called unsettling media coverage. People familiar with the matter told Reuters that one large hedge fund in Asia had pulled out collateral from Deutsche amounting to $ 50 million in the last two days, while other sources said this had happened elsewhere, albeit on a small scale.
Deutsche Bank shares open at record lows in Europe
Shares in troubled Deutsche Bank hit new lows in European trading as confidence in the bank continues to falter.
BBC News – Business
Deutsche Bank: From bombs and bravado to risks of a bailout
Deutsche Bank is under the most pressure a major lender has faced since the financial crisis, but many trace its woes back beyond the banking crash.
BBC News – Business