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Investec boosts non pound bond holdings on Brexit concern

  Bloomberg The pound may have rallied amid evidence U.K. public opinion is shifting away from a Brexit, but one fund manager isn’t taking any chances. Investec Wealth & Investment Ltd. has increased its holdings of non-sterling government bonds to protect against a slide in the U.K. currency should citizens vote to quit the European Union on June 23. The ...

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Total workers vote to halt three refineries in labour law protest

  BLOOMBERG Workers at three Total SA refineries in France voted to halt the plants amid discontent over the government’s handling of a proposed labour law. Workers at the Gonfreville refinery in Normandy, Feyzin near Lyon and at Donges, close to Nantes, voted to shut down the facilities, according to Total union members from the Confederation Generale du Travail and ...

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Nokia to shed more than 1,000 jobs in Finland

  Finland / AFP Mobile phone giant Nokia is to cut more than 1,000 jobs in Finland, the company announced on Friday, as part of cost-cutting measures following its merger with Alcatel-Lucent. Once the world’s top mobile phone maker, Finland’s Nokia has been crushed by Samsung and Apple in the smartphone and tablet market in recent years, but earlier this ...

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