SSE talks to Talktalk over £1bn retail unit after scrapping Npower deal April 28, 2019 Scottish energy supplier SSE has approached a number of its rivals, and broadband provider Talktalk as it tries to find a buyer for its £1bn retail division. The company has promised to update shareholders on the future of the unit before its full year results towards the end of May, after a merger deal with [...]
Critics slam ‘absurd’ TfL junk food ad ban as fast food delivery sites allowed to advertise on Tube and buses April 28, 2019 Junk food and takeaways are still being promoted by stealth across London's public transport network via the likes of Just Eat and Deliveroo adverts, despite a recent TfL crackdown. Read more: Mind the ban! How TfL's junk food ad ban may fail to tackle obesity Opponents of TfL’s ban, which prevents images of food items that [...]
Labour could bypass second referendum if it agrees Brexit deal with government, shadow cabinet minister suggests April 28, 2019 Labour could be prepared to bypass a second referendum and sign up to a Brexit deal it agrees with government, the party's shadow business secretary has hinted. Rebecca Long-Bailey, who is taking part in cross-party talks between the two parties to try and find a compromise, refused to say whether Labour would demand a confirmatory referendum on [...]
Jaguar Land Rover weighing up bid for London cab company Addison Lee April 28, 2019 Jaguar Land Rover (JLR) is weighing up an offer for London-based taxi company Addison Lee in a bid to keep up with companies such as Uber, the Sunday Telegraph reported yesterday. Read more: Jaguar and Addison Lee trial their driverless cars in London Addison Lee was put up for sale by its owner, US private [...]
Theresa May should be included in inquiry into Huawei leak, say cabinet ministers April 28, 2019 Cabinet ministers are calling for Theresa May to be included in a government inquiry into a high-profile leak about Huawei's role in the future of the UK's 5G network. Those making the calls say the Prime Minister should have her phone searched to see if she was behind the leak, which emerged after a meeting [...]
Inside the Batcave: City A.M. tours London’s secret supercar bunker April 28, 2019 They call it the bat cave, and it’s the most exclusive car park in Britain. Inside a secret west London underground bunker there are rows of Aston Martins, Ferraris and Rolls Royces hibernating under blue blankets while their millionaire owners are away. It is easy to see the appeal of the high security vault: safe [...]
Saudi shopping centre owner looking to raise up to $836m in float April 28, 2019 Saudi Arabia’s largest shopping centre owner is hoping to raise as much as $836m (£647m) in what is set to be the Kingdom’s largest stock exchange listing in five years. Read more: Saudis will not ramp up production to offset US-Iran sanctions Arabian Centres, which currently owns and operates 19 malls in Saudi Arabia, is seeking [...]
Tory party chairman hints at another Brexit vote to thwart next month’s EU elections April 28, 2019 Theresa May could try to bring her beleaguered Brexit deal before parliament in a last-ditch attempt to thwart next month's European elections. Tory party chairman Brandon Lewis has said it is "still possible" for parliament to approve the Prime Minister's deal, which has been heavily defeated three times, to avoid the need for the contentious EU [...]
Prime retail rents slip for embattled high street landlords April 28, 2019 Troubles for high street landlords deepened in the first three months of 2019, as tough trading conditions and store closures pushed down rents on prime retail properties. Read more: Laura Ashley shares hit all-time low as fashion retailer sounds alarm Rents at prime high street shops fell one per cent in the first quarter of [...]
Brexit drives support for Scottish independence to 49 percent April 27, 2019 Brexit has driven support for Scottish independence to 49 per cent, the highest point in the last few years, according to the latest poll. A poll by Yougov showed that support for Scotland breaking away from the United Kingdom has increased from 45 per cent in June last year, Reuters reported. Read more: Prolonged Brexit [...]