Ultra Electronics share price plummets after confirming boss departure and warning on UK defence contracts November 13, 2017 The boss of Ultra Electronics is to step down after 28 years with the firm, amid concerns over “mounting pressures” in the funding of UK defence programmes, the firm confirmed this morning. Shares in the FTSE 250 firm plummeted over 23 per cent in the wake of the news. Rakesh Sharma has quit as chief [...]
Monday rush hour train delays across London: Disruption services into Liverpool Street and London Bridge November 13, 2017 Commuters in the capital are facing delays on rail services across the city. Damage to a set of points between Tottenham Hale and Clapton is causing disruption to journeys between Tottenham Hale and London Liverpool Street/Stratford. Trains between these stations may be cancelled, delayed by up to 30 minutes or revised, National Rail said. The [...]
Former Premier League champions Leicester City owner Vichai Srivaddhanaprabha to face £322m Thai court battle November 13, 2017 The Thai owner of 2016 Premier League champions Leicester City is to face a £322m criminal lawsuit, it was announced overnight. A case against King Power founder Vichai Srivaddhanaprabha has been accepted by the Thai Central Criminal Court for Corruption and Misconduct, with proceedings set to start in February. Authorities allege duty free firm King [...]
How to drive growth by joining the dots November 13, 2017 Global Entrepreneurship Week is in full swing, celebrating startups from around the world that bring ideas to life. For those looking to take the next step in their entrepreneurial journey, they could look for opportunities to evolve existing products and expand into new markets. Some of our best-known products, from Coca Cola to Velcro and [...]
Uber agrees multi-billion dollar Softbank deal after unpicking boardroom feud November 13, 2017 Uber has struck a deal with Japanese tech giant Softbank for a multi-billion dollar investment into the ride-sharing firm, according to overnight reports. Troubled board members have set aside their differences to agree an accord with a consortium led by Softbank and Dragoneer Investment to buy up to 17 per cent of the firm’s shares [...]
UK housing associations tell UK chancellor Philip Hammond to axe property height rules in Autumn Budget November 13, 2017 Housing providers are backing calls for Philip Hammond to relax planning laws in the Budget to address the UK’s chronic housing shortage. Writing to the chancellor, an influential group of housing associations urged Hammond to allow developers to extend the height of properties without having to secure planning permission. Under the “build up not out” [...]
Businesses embracing everyday tech could add £100bn to economy and reduce income inequality – CBI November 13, 2017 The UK economy could get a £100bn boost to productivity if businesses were more willing to embrace everyday technology such as cloud computing and online procurement. And the uptake of digital could also reduce income inequality by five per cent, according to fresh research from the Confederation Of British Industry (CBI), which urged “ostrich” firms [...]
Global M&A activity to hit cycle high of $3.2 trillion next year November 13, 2017 Worldwide mergers and acquisition activity will hit $3.2 trillion (£2.4 trillion) in 2018, as dealmaking is lifted on a rising global economic tide, according to forecasts to be published today. Investors are feeling “increasingly confident” because of a pick-up in global trade and GDP growth across most of the world, according to analysis by law [...]
DEBATE: With CO2 at record levels, does the UK need to prioritise clean energy? November 13, 2017 With CO2 at record levels, does the UK need to prioritise clean energy? Greg Jackson, founder of challenger energy firm Octopus Energy, says YES. It’s a stark reality that air pollution kills 40,000 people in this country every year. If the bodies lay where the problem did, your morning commute would be grisly. The scandal [...]
Trust, trade, and civic responsibility: A manifesto for the City of London’s future November 13, 2017 The last few days have certainly been a whirlwind, after being installed as the 690th lord mayor of the City of London on Friday afternoon. Without doubt, the highlight of the last 72 hours has been the success of the Lord Mayor’s Show on Saturday. Thousands of people lined the Square Mile’s streets to celebrate [...]