Business

Swedish people want their train to be called 'Trainy McTrainface'

Swedish people want their train to be called 'Trainy McTrainface'

The bold move comes after the hopes of many Britons were dashed when the UK's National Environment Research Council refused to honour a public poll to name a new boat previous year. Trainy McTrainface will be named at official celebrations in Gothenburg and Stockholm in upcoming months, along with the other trains. A fifth train, Ingvar, after the Swedish TV personality Ingvar Oldsberg, was named before voting began.


Online payments company Paysafe receives £2.9bn approach from Blackstone and CVC

Online payments company Paysafe receives £2.9bn approach from Blackstone and CVC

Payments companies have become targets for credit card companies and banks seeking to capitalise on a switch from cash transactions to paying by smartphone or other mobile device. Credit Suisse is adviser to Blackstone and CVC. In a stock market announcement, Paysafe said it had received a preliminary, conditional proposal from the duo after first being approached in May.


Rate of decline slows in Vodafone's United Kingdom business

Rate of decline slows in Vodafone's United Kingdom business

Vodafone's United Kingdom reputation is improving thanks to network improvements, the company said, pointing to a higher net promoter score as it revealed its results today. Total Group revenues were down 3.3%, to €11.5 billion ($13.4 billion), with sales dropping 4.8% in Europe and rising 1.2% across AMAP. The total customer base reached 8.871 million at the end of June, up from 8.488 million a year earlier, while mobile ARPU was little changed at Euro 6.1.


Global cues, Q1 results lift equity indices (Second Lead)

Global cues, Q1 results lift equity indices (Second Lead)

Shares of Wipro and Reliance Industries remain in the lead gainers on Sensex today. On the back of this announcement, the launch of JioPhone and impressive Q1 results, RIL stock buzzed throughout the day. The recovery was driven by Reliance Industries, technology and select banks stocks while telecom, infra and healthcare stocks capped the upside. Other telecom stocks which came under pressure after the announcement are Reliance Communications down 2.45% to Rs 23.85, Tata ...


Siemens divests from Russian power firm

Siemens divests from Russian power firm

When asked if he could confirm a German media report which said that President Vladimir Putin had personally guaranteed to top German politicians that the Siemens turbines would not be delivered to Crimea, Peskov also declined to comment. Siemens also confirmed its plans to sell its stake in Russian joint venture Interautomatika. Siemens said it is pressing charges against the Russian contractor, Technopromexport (TPE).


EasyJet Ups Profit Guidance As Third-Quarter Revenue Grows

EasyJet Ups Profit Guidance As Third-Quarter Revenue Grows

The stock dived 5% to 1341p as departing chief executive Dame Carolyn McCall revealed modest revenue per seat growth of 2.2%. This follows last week's news that the airline plans to set up a new EU base in Vienna, and has secured a European Air Operator Certificate ( AOC ), a licence to operate in Europe.