Carlos Ghosn says he is the victim of a conspiracy plot in video aired to media April 9, 2019 Car industry magnate Carlos Ghosn proclaimed his innocence in a video aired to journalists today. Read more: Carlos Ghosn ousted from Nissan board after rearrest The ex-Nissan boss instead claimed he was the victim of “a plot, conspiracy and back-stabbing” within Nissan in the video, recorded prior to his arrest last week. Ghosn’s lawyer, Junichiro Hironaka, [...]
Societe Generale to cut 1,600 jobs following review of investment banking unit April 9, 2019 French bank Societe Generale has revealed plans to cut 1,600 jobs, mostly from its investment banking division, in a bid to boost profits. The bank said around 750 of those jobs would be lost in France, while bankers in London and New York could also be made redundant, according to reports. Read more: Societe Generale [...]
EU ministers say Britain needs ‘clear plan’ to be granted Brexit delay April 9, 2019 EU ministers arrived in Luxembourg this morning to try and thrash out a united stance on whether it should give the UK a Brexit extension ahead of tomorrow's summit. Read more: Brexit delay on the cards as Tories gear up for European elections Dutch foreign minister Stef Blok said the EU should give Britain “more [...]
Conservative MP quits Jacob Rees-Mogg’s Eurosceptic ERG for putting Brexit ‘at risk’ April 9, 2019 A Tory MP has resigned from Jacob Rees-Mogg’s European Research Group (ERG), claiming “hardcore” Brexiters are endangering their own goal of leaving the EU. Read more: Brexit delay on the cards as Tories gear up for European elections Shropshire MP Daniel Kawczynski accused an ERG “hardcore elment of ‘Unicorn’ dreamers” of “now actually endangering Brexit”. [...]
String of banks appointed as Travelex-owner Finablr weighs London float April 9, 2019 Payments company Finablr said today it was examining a London initial public offering (IPO) and had engaged a raft of top banks to act as underwriters and advisers. The United Arab Emirates-based company, which processed $114.5bn (£87.6bn) of payments in 2018, published a registration documents today and said it was weighing a $200m IPO. Read [...]
Watchdog accuses three construction suppliers of forming a cartel to keep prices up April 9, 2019 The competition watchdog has found that three construction suppliers colluded to form a cartel and keep prices up. The Competition and Markets Authority (CMA) said its investigation into groundworks suppliers MGF, Vp and Mabey Hire has provisionally found that the trio broke competition law. Read more: Game over? Watchdog to probe video gaming industry It [...]
Debenhams shares suspended as it prepares to fall into administration April 9, 2019 Debenhams’ shares were suspended this morning as it prepares to go into administration, falling into the hands of lenders after rejecting an improved equity offer from Sports Direct. Read more: Debenhams shares slump as shareholders risk losing everything The Financial Conduct Authority temporarily suspended trading of the under-fire department store “at the request of the [...]
The UK’s drug policy is falling behind the rest of the world April 9, 2019 Every year, thousands of people die as a result of drug misuse in the UK. And for over two decades, heroin has been the main culprit. Communities are blighted, families are ripped apart, and vulnerable people are failed by an outdated approach. The situation in Scotland is particularly dire, with a fifth of the UK’s [...]
Debate: Is Sadiq Khan’s new ultra-low emission zone an effective solution for tackling air pollution? April 9, 2019 Debate: Is Sadiq Khan’s new ultra-low emission zone an effective solution for tackling air pollution? Yes – Fiona Howarth is chief executive of Octopus Electric Vehicles. If London’s water supplies were poisoning 9,000 people a year, there would be national outrage. So why are we not outraged about the air that we breathe? Research published [...]
Brexit hoped to heal the UK, but instead it leaves wounds that will not easily be closed April 9, 2019 The other day, my three-year-old son gave me a geography lesson. Him: “This is Battersea Park.” Me: “That’s right.” Him: “And Battersea Park is in London?” Me: “Yes, and we’re also in England and in Britain.” At which point he shook his head. “No,” he insisted. “Just London.” Political analysis obviously runs in the family. [...]