Monthly Archives: December 2017

British Airways owner snaps up Niki in €37m deal

Telegraph Business British Airways owner IAG is buying Niki from collapsed Air Berlin in a deal worth €36.5m (£32.5m), swooping on the Austrian airline weeks after Lufthansa was forced to back away. IAG is planning to integrate the business into […]

Amazon told to stop luring shoppers who misspell Birkenstock

Telegraph Business A German court has ordered Amazon not to lure internet shoppers to its online marketplace when they mistakenly search for “Brikenstock”, “Birkenstok”, “Bierkenstock” and other variations in Google. The ruling is a victory for the German sandal maker, […]

Goldman Sachs warns of $5bn hit from Trump tax overhaul

Telegraph Business Goldman Sachs has warned that Donald Trump’s sweeping US tax changes will knock $5bn (£3.7bn) off its next set of results. The Wall Street bank said the major tax overhaul, signed by the US president last week, will […]

Business quiz of 2017, part three: Bitcoin bubble, the Dog Kill index and bank nicknames

Telegraph Business With the new year fast approaching and the time nearing when you really should start thinking about getting rid of that last bit of turkey, try your hand at the third and final instalment of The Daily Telegraph‘s […]

Money raised on the London Stock Exchange reaches three-year high

Telegraph Business The amount of money raised by companies floating on the London Stock Exchange hit a three-year high this year as businesses from across the world flocked to the capital. Around £15bn was raised by 106 initial public offerings […]

UK takes first shipment from sanction-hit Russian gas plant

Telegraph Business The first shipment of liquified natural gas from Russia’s sanction-hit £20bn Yamal project has arrived in the UK. The Christophe de Margerie tanker docked at the London Thamesport on the Isle of Grain in Kent yesterday evening and […]

FTSE 100 closes the year on fresh record high

Telegraph Business The FTSE 100 has hit a fresh record in morning trade on the final trading day of the year, as optimism about Brexit negotiations helped drive sentiment. The blue-chip index rose 0.19pc to reach a high of 7,636.67, […]

Airbus gets year-end boost with $60bn order rush

Telegraph Business Airbus has ended the year with a near-$60bn (£44.5bn) rush of demand for its bestselling A320 airliner, announcing 100 new orders and confirming details of a massive sale revealed last month. On Friday, China Aircraft Leasing Group Holdings […]

Balfour Beatty nets £32m in second M25 sell-off as turnaround continues

Telegraph Business Balfour Beatty has sold a second chunk of its stake in a company that manages the M25 motorway in a £62m deal that will boost profits for this year and help reduce its net debt. The civil engineering […]

Small RBS shareholders renew calls for governance overhaul

Telegraph Business Small shareholders in RBS have mounted a fresh bid to overhaul the state-backed bank’s governance processes to give themselves more of a say in how it is run. ShareSoc, a not-for-profit group that represents retail investors, claimed 100 […]