Check out our round-up of latest business and finance news

 

Kylie Jenner’s tweet about Snapchat sees stock value fall by $1.3bn

The youngest of Kardashian/Jenner clan posted a tweet on Wednesday criticising the new Snapchat update. By Thursday afternoon, $1.3bn had been wiped from their market value.

Ex-Carillion director viewed pension fund as ‘waste of money’

Carillion’s former finance director considered pension payments a “waste of money”, according to the minutes of a meeting between trustees and the regulator in 2013.

RBS reports first profit in 10 years

The bank, which is majority-owned by the taxpayer, made an annual profit of £752m. The Chief Executive told the BBC it was “a really symbolic moment”.

Britain’s Standard Life Aberdeen sells insurance unit to Phoenix

Standard Life Aberdeen has sold a bulk of its insurance business to Phoenix Group for £3.24 billion. This is to allow it to focus on savings and investment products.

Corbyn warns bankers – finance will serve Britain under Labour

Jeremy Corbyn has accused bankers of taking the economy hostage and has stated that the financial sector will be “the servant of industry” in a speech to a manufacturers’ conference.  

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