Finance

DAILY BRIEFING: No Brexit blues for Eurotunnel as tourists gradually return to Paris

Eurotunnel shares fell after the EU referendum, but passenger numbers have now picked up

EUROTUNNEL LIFT Eurotunnel says it is not being affected by Brexit and that travellers are slowly returning to Paris.

The firm’s shares fell by a third after the EU referendum, but passenger numbers, which fell 4 per cent after the Paris terror attacks, have now picked up.

CHEESEGRATER SALE A Chinese property magnate has splashed out more than £1billion on one of London’s tallest skyscrapers.

CC Land, which is owned by Cheung Chung Kiu, paid £1.15billion for 736-foot-high The Leadenhall Building – known as The Cheesegrater – in the City of London.

SHIPPING PLEA Shipping workers are calling for tougher regulations to protect their jobs and working conditions.

Nautilus International trade union says the system for certifying foreign sea workers needs strengthening to stem competition.

Union general secretary Mark Dickinson told a European Shipping Week seminar: ‘A failure to agree on a manning directive has meant a steady flow of social dumping [hiring cheaper labour] in our ferry trades and now also offshore services.’

MENTAL HEALTH More needs to be done to protect business workers’ mental health, bosses say.

The Institute of Directors said more than 45 per cent of its members had been approached by staff suffering mental ill health but just 14 per cent of organisations had a formal mental health policy in place.

SKIPTON RISE Profits at Skipton Building Society rose by 15 per cent to £168.9million last year despite a continued squeeze from the ultra-low interest rates.

Customer numbers were up by 22,316 to 860,403 and its mortgage book grew £1.3billion to £15.5billion.

INFLATION JUMP Brexit and the presidential victory of Donald Trump make a jump in inflation more likely, says Ruffer Investment Company.

The business said it was now more likely that British and US governments would commit to major public spending programmes, driving up price growth.

It made a £24.7million profit in the second half of 2016, up from a £15.3million loss a year earlier. Shares fell 0.3 per cent, or 0.75p, to 238p.

METAL MOVE The former boss of the historic London Metal Exchange, Garry Jones, is launching a competitor in a bid to woo the LME’s customers.

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