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Tag: announces

Sterling rallies after May announces cabinet backs deal

Sterling rallies after May announces cabinet backs deal

Business
The pound has rallied after the Prime Minister announced she had the backing of the cabinet for her Brexit withdrawal plan.It followed a volatile day's trading while the outcome of Theresa May's five-hour meeting with cabinet colleagues remained unclear.The pound reached $ 1.30 following the announcement, having fallen to $ 1.28 in mid-afternoon.It then fell back slightly against both the dollar and the euro.British pound against US dollar Against the euro the pound had recovered to reach €1.15 before dipping back towards its opening value of €1.14.Market commentator Russ Mould at AJ Bell said investors were "using the pound as their lightning rod" to express worry and satisfaction about ...
Air Asia announces big sale, offering tickets for as low as Rs 399

Air Asia announces big sale, offering tickets for as low as Rs 399

Finance
Air Asia has announced a new sale under which it claims to offer discounted airfares on both Indian and international routes. However, the sale is only meant for members of its loyalty programme called Big Members. The sale period is from November 12 to November 18, 2018. As per a statement issued by the company, tickets are available for as low as Rs 399 on domestic routes and Rs 1,999 on international routes. On the domestic routes, passengers can choose from 21 destinations where the low-cost carrier flies across the country, with a fleet of 19 A-320 aircraft. Among the cities are Bagdogra, Bengaluru, Bhubaneswar, Goa, Guwahati, Hyderabad, Imphal, Indore, Jaipur, Kochi, Kolkata, New Delhi, Pune, Ranchi, Srinagar and Visakhapatnam. Among the overseas routes passengers can choose from ...
Bullish on natural gas, Shell announces new North Sea investment

Bullish on natural gas, Shell announces new North Sea investment

Business
Oct. 10 (UPI) -- Shell United Kingdom Ltd. announced on Wednesday an investment decision in the North Sea to develop a gas field, just a day after Royal Dutch Shell CEO said the group was bullish regarding expectations of natural gas demand growth. The company announced a "final investment decision for the Arran gas and condensate field" and said that it will become the operator of the project, in partnership with Rockrose Energy and Dyas U.K. Ltd. This is the fourth investment announcement by the company in the North Sea in 2018 "which will result in further production growth for Shell following the decision to redevelop the Penguins field in the northern North Sea, the Alligin field West of Shetland and the Fram field in the Central North Sea." At peak production, the area will produce ...
Chelsea legend John Terry announces retirement from professional football amid Aston Villa job speculation

Chelsea legend John Terry announces retirement from professional football amid Aston Villa job speculation

Sports
JOB DONE The centre-back won five league titles, five FA Cups and the Champions League with the Blues Former Chelsea captain John Terry has announced his retirement from professional football. The 37-year-old posted a social media statement on Sunday evening revealing he had decided to call it quits, weeks after turning down the chance to sign for Spartak Moscow. John Terry left Chelsea at the end of the 2016/17 season, then spent a year at Aston Villa “After 23 incredible years as a footballer, I have decided now is the right time to retire from playing,” Terry wrote. He left Chelsea after winning his fifth league title at the club in 2017 and went on to captain Aston Villa last season. The Championship side reportedly want ...
Funding Circle announces £300m flotation plan

Funding Circle announces £300m flotation plan

Business
Peer-to-peer lender Funding Circle has announced plans to raise £300m through a stock market flotation. Launched in 2010 by three former Oxford University students, Funding Circle works by matching lenders to tens of thousands of small business borrowers, currently in the UK, US, Germany and the Netherlands.Funding Circle said that the money raised will be used to bankroll expansion into new markets.The lender has now made loans to small and medium-sized enterprises (SMEs) in excess of £5bn since being established eight years ago, with £1bn in the first half of this year alone.The cash injection will also "enhance" the balance sheet and help "engender trust" in the group's business with investors, borrowers and regulators, the company said.Sky News unde...