Theresa May vows to seek ‘orderly’ Brexit as she urges MPs to work together to strike a deal April 11, 2019 Prime Minister Theresa May has called on MPs to work together to break parliament’s Brexit deadlock after the Easter break. Read more: Spooky: Why sterling refuses to rise after Halloween Brexit delay The EU handed the UK a second extension to Article 50 yesterday to take the UK up to 31 October, averting a potential [...]
Panasonic reviews plans for investment in Gigafactory battery plant with Tesla April 11, 2019 Panasonic is reviewing further investments in battery manufacturing at its Tesla Gigafactory site amid fears of declining demand for the high-performance electric cars. The move comes after local media reports stated the two companies had frozen plans to expand capacity at the Gigafactory 1 site in Nevada by a further 50 per cent. Read more: [...]
US private equity activity slumps in first quarter April 11, 2019 Private equity activity in the US slumped in the first quarter of this year following a record breaking year in 2018. US deal and exit count dropped 27.9 per cent and 42.5 per cent respectively between January and March this year. Read more: Private equity investment bounces back at the beginning of 2019 Year-on-year deal [...]
Netflix teams up with US streaming service Sirius XM to launch new comedy radio station April 11, 2019 Netflix is teaming up with US broadcasting giant Sirius XM to launch a new a new radio channel airing clips from its stand-up comedy shows. Netflix Is A Joke Radio will feature segments from the streaming services’ stand-up library, comedy talk shows and original radio programming, and will be aired through Sirius XM, which offers [...]
New York budget carrier JetBlue to make London its first-ever European destination with flights from 2021 April 11, 2019 New York's flag carrier JetBlue will make London its first European destination when it offers flights to the city from 2021, the low-cost airline announced today. JetBlue, which is also Boston's largest airline, said the new routes to London will be served by Airbus A321LR and will mark the first-ever transatlantic service offered by the [...]
Primark unveils its largest ever store with Disney cafe, barber shop and Wizard World April 11, 2019 The world’s biggest Primark opened its doors to customers for the first time this morning. Featuring a Disney-themed cafe, Hogwarts Wizarding World and barber shop, the new outlet spans 160,000 ft across five floors. A Disney-themed cafe is part of the new Primark store It is the latest sign of the budget retailer’s expansion, which [...]
Public sentiment towards Metro Bank plunges amid regulatory probes into accounting error April 11, 2019 Public sentiment towards Metro Bank has plummeted in recent months as the challenger bank has battled the impacts of a major accounting error and regulatory probes. The bank admitted at the end of January that a swathe of commercial loans had been incorrectly classified and should have been among its “risk-weighted assets.” Read more: Metro [...]
HMV Westfield reopens as new owner continues rental negotiations April 11, 2019 HMV’s Westfield store in Shepherd's Bush has reopened today, as new owner Doug Putman continues his efforts to negotiate with landlords in a bid to bring back stores that have been earmarked for closure. The Canadian entrepreneur has been striking deals with property groups to reopen closed outlets that were shut down as a result of [...]
Wikileaks co-founder Julian Assange arrested on US extradition request after seven years at Ecuadorian embassy April 11, 2019 Wikileaks co-founder Julian Assange was arrested this morning and taken into police custody for breaching UK bail conditions, with his lawyer adding that it was also in relation to a US extradition request. Read more: Assange's legal team say expulsion from Ecuador embassy would be 'illegal' Assange was taken into custody in central London this [...]
UK set to give Murdoch the green light to merge the Times and Sunday Times April 11, 2019 Murdoch-owned newspapers The Times and The Sunday Times will be allowed to merge subject to governance changes, the government has ruled. Culture secretary Jeremy Wright today said he is “minded” to accept proposals put forward by Murdoch’s News UK empire to allow the two newspapers to share resources. Read more: Murdoch braced for verdict over [...]