Friday newspaper round-up: Amazon, Reckitt Benckiser, Thomas Cook
Britain is on course for another trade showdown with President Trump after deciding to forge ahead with a special tax on Amazon, Google and other big technology companies. The Treasury said yesterday that it will introduce a 2 per cent digital sales tax on revenues derived from UK users by big social media platforms, search engines and online marketplaces. - The Times
ALPHABET-A
$156.28
10:40 18/04/24
Amazon.Com Inc.
$179.40
10:40 18/04/24
FTSE 100
7,877.05
17:14 18/04/24
FTSE 350
4,334.00
17:14 18/04/24
FTSE All-Share
4,290.02
16:54 18/04/24
FTSE Small Cap
6,365.04
17:14 18/04/24
Household Goods & Home Construction
12,423.35
17:14 18/04/24
Nasdaq 100
17,413.85
10:40 18/04/24
Reckitt Benckiser Group
4,139.00p
17:15 18/04/24
Thomas Cook Group
3.45p
16:45 20/09/19
Travel & Leisure
7,512.73
17:14 18/04/24
Senior executives of Reckitt Benckiser face pressure to return lucrative bonuses after it agreed to pay $1.4 billion to resolve long-running US investigations into the sales and marketing of a treatment for opioid addiction. The FTSE 100 company said it had reached a settlement with the US Department of Justice and the Federal Trade Commission relating to a $3 billion indictment issued in April against Indivior, the UK-listed drugs company it spun off in 2014. - The Times
Thomas Cook has confirmed this morning that is in talks with its largest shareholder and the owner of Club Med, China’s Fosun, over a rescue deal. Britain’s oldest package holiday company, which has been struggling with a large debt pile and weaker trading, said it was in “advanced discussions” with Fosun, which -together with Thomas Cook’s core lending banks - inject £750m into the firm, allowing it to keep trading over the winter season. - The Guardian
Mark Carney has positioned himself as a contender to be the next head of the International Monetary Fund after refusing to rule out joining the race to take over from Christine Lagarde. The Bank of England governor has been widely cited as a potential candidate to replace Lagarde as the IMF’s managing director after her nomination to head the European Central Bank. - The Guardian
Jeremy Hunt has said the Royal Navy has been “run down too much” as he cited a skirmish between Britain and Iran in the Persian Gulf as proof that more warships are needed. The Foreign Secretary said the “deeply troubling” events in the Middle East showed that the Navy must be “expanded to meet the threats we face”. - The Daily Telegraph