The 10 biggest business stories on Thursday March 3

BMW warns staff in UK Rolls Royce factories of Brexit risks; Domino's Pizza profits boosted by online orders; UK house prices increases remain steady, says Nationwide

 

1.    Rolls Royce chief executive has written to all its workers in the UK to warn that an exit from the EU would raise costs and prices and could affect the company’s “employment base”. 

2.    Domino's Pizzas has reported a pre-tax profit of £73.2 million compared with £62.1 million a year earlier thanks to an increase in customers ordering online. The pizza maker opened 61 new stores across the UK in 2015, up from 40 a year earlier. 

3.    The Green Investment Bank will be sold off by the Government in a bid to drive more private money into green energy projects, Sajid Javid, Business Secretary, has announced.

4.    BHP Billiton and Vale have agreed to pay at least $1.1 billion (£780 million) in compensation to the communities affected by the Bento Rodrigues dam disaster, at the jointly owned Samarco Mineracao mine in Brazil.

5.    Saudi Arabia is asking banks for a loan of up to $10 billion, according to Reuters.The oil-producing heavyweight has faced fiscal challenges as oil prices plunged.

6.    French economy minister send a double Brexit warning to the UK. France would relocate its migrant camp from Calais to Britain and roll out “a red carpet” for bankers fleeing London if the UK leaves the EU Emmanuel Macron, the French economy minister, told the Financial Times.

7.    Aggreko, a power service firm, reported that revenue fell 3 per cent to £1.6 billion in the year ended 31 December, and warned its first half profits will be lower this year.

8.    House prices increased by 0.3 per cent in February, according to the Nationwide House Price Index. The average price of a house increased slightly to £196,930 from £196,829 in January.

9.    Toshiba is asking three Japanese lenders for additional loans of about $1.8 billion to fund restructuring in the wake of an accounting scandal, sources with direct knowledge of the matter said on Thursday.

10.   Jeff Weiner, LinkedIn CEO, is donating his $14 million stock bonus to employees following a 40 per cent plunge in the share price earlier this month.

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