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Friday, September 20, 2019
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20 Sep 1:15pm British American Tobacco issued with £900m Dutch tax bill
The Guardian
Maker of Rothmans and Camel brands accused of avoiding tax on money channelled via Netherlands British American Tobacco is being pursued by the Dutch authorities for £902m in unpaid taxes, as the maker of Rothmans, Camel and Lucky Strike cigarettes stands accused of avoiding tax on money channelled through the Netherlands. The claim relates to taxes the company is said to owe between 2003 and 2016 and concerns internal fees paid by Dutch subsidiaries for loans provided by its UK holding company.
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20 Sep 10:54am Google signs up to $2bn wind and solar investment
The Guardian
Tech giant’s push for greener energy prompts biggest renewable energy deal in corporate history Google’s chief executive has revealed plans for the biggest renewable energy deal in corporate history. Sundar Pichai said the clean energy deal will include 18 separate agreements to supply Google with electricity from wind and solar projects across the world.
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20 Sep 9:35am Fresh blow for Neil Woodford as mattress maker reports losses
The Guardian
Eve Sleep, in which fund manager holds 31% stake, says losses due to competitors cutting prices Neil Woodford was dealt another blow when a mattress maker backed by the fallen star fund manager warned of worse-than-expected trading for the second time this year and scrapped merger talks with a rival. Eve Sleep, in which Woodford’s fund holds a 31% stake, said business was worse than expected because of low consumer confidence and competitors cutting prices. The company also said it had ended discussions with Simba, another mattress maker, about a joint venture.
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20 Sep 9:00am Updated Thomas Cook shares plunge as travel firm stands on brink – business live
The Guardian
Thomas Cook shares have hit a record low as the firm races to raise an extra £200m to stave off collapse
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20 Sep 6:34am New windfarms will not cost billpayers after subsidies hit record low
The Guardian
Cost of supporting offshore turbines drops to less than market price for electricity The UK’s next wave of offshore windfarms will generate clean electricity at no extra cost to consumers after record low subsidy deals fell below the market price for the first time. New offshore wind projects will power millions of British homes under “zero-subsidy” support contracts within the next four years, following a record-breaking government subsidy auction.
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20 Sep 6:15am Updated Thomas Cook on brink, as pound boosted by Brexit deal hopes – business live
The Guardian
Thomas Cook races to raise an extra £200m to stave off collapse, as the pound hit a two-month high against dollar ahead of a key Brexit meeting
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20 Sep 4:35am New windfarms will not cost taxpayers after subsidies hit record low
The Guardian
Cost of supporting offshore turbines drops to less than market price for energy New renewable energy projects will be built at no extra cost for millions of British energy bill payers after record low state-backed subsidies fell below the market price the first time. The results of a government subsidy auction have revealed that the cost of supporting offshore wind turbines has tumbled by almost a third in two years to record lows of less than £40 per megawatt hour (MWh).
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20 Sep 4:11am Pound boosted by Brexit deal hopes, as RBS appoints first female chief executive – business live
The Guardian
Pound hits two-month high against dollar ahead of key meeting between UK Brexit minister Steve Barclay and the EU’s chief negotiator Michel Barnier, as RBS appoints Alison Rose as its new boss
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20 Sep 3:31am Alison Rose to become first female RBS chief executive
The Guardian
Deputy head of retail banking arm will also be first woman to lead one of UK’s big four banks
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20 Sep 2:01am Homes for sale with blue plaques – in pictures
The Guardian
From London to Yorkshire, these historic properties all have illustrious former residents
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20 Sep 2:00am General Motors strike: auto workers hope a deal will change the industry
The Guardian
In their first strike in over a decade, union members are prepared to settle in for the long haul: ‘If we win, everyone wins’ “This is a strike for the little guy,” D’Andre Jackson said, as he held a banner that read “UAW ON STRIKE” outside General Motors’ sprawling Flint Metal Center in Michigan. “It’s not just for us, it’s for everyone,” Jackson added.
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