Fintech unicorn Oaknorth more than trebles profits continuing rapid growth March 20, 2019 London fintech unicorn Oaknorth more than trebled profits last year and grew its loan facilities to £2.2bn as the challenger bank’s rapid growth continued. The digital bank, which provides loans for fast-growing British businesses, has now lent more than £2.5bn since its launch in September 2015. Read more: UK fintech unicorn Oaknorth to nail $440m round [...]
Boeing Embraer joint venture ready for take off as leadership team named March 20, 2019 Boeing has named two executives to head up its proposed $4.2bn (£3.2bn) joint venture with Brazilian aerospace firm Embraer. John Slattery, Embraer’s current commercial aviation boss, will become chief executive of the partnership, which is still waiting for approval by Brazilian antitrust regulators. Read more: Lion Air 737 Max plane pilots 'scoured handbook' before crash [...]
Starbucks delivery expands across central London while company continues green push March 20, 2019 Coffee drinkers across central London will be able to get their daily caffeine fix delivered straight to the office as Starbucks expands its delivery trials and starts tests of new greener cups in the capital, the company announced today. The coffee chain trialled Starbucks Delivers, its collaboration with Uber Eats, in parts of London last [...]
Institute of Directors’s next boss will receive barely half previous leader’s salary March 20, 2019 The next head of the Institute of Directors (IoD) will be paid far less than its former leader as the group seeks to move on from recent controversy. The IoD, which represents Britain’s business leaders, confirmed today that it has begun searching for a new director general and will offer them a salary of no [...]
TfL slashes £1bn deficit in ‘relentless’ cost-cutting drive but warns of continued economic woes March 20, 2019 Transport for London (TfL) has halved its near £1bn budget deficit thanks to an aggressive cost-cutting drive. The transport body said a "relentless focus on efficiency" and "tight financial management" will help it to get the £968m deficit – partially caused by the loss of the government grant and Sadiq Khan's fare freeze for single journeys – [...]
Toyota defies Brexit blues to produce new model at UK factory March 20, 2019 Toyota has given Britain’s car manufacturing industry a much-needed boost today, announcing it will produce a new model for Suzuki at its plant in Derbyshire. The car will be based on a Toyota Corolla model which is already built at the plant, and comes as part of a wider global partnership announced by the two [...]
Donald Trump brands Kellyanne Conway’s husband a ‘stone cold LOSER’ in bizarre Twitter blast March 20, 2019 US President Donald Trump has never been shy throwing around insults on Twitter, with historic targets including North Korean leader Kim Jong Un (“Rocketman”), former FBI director James Comey (“not smart”) and the media (“FAKE NEWS”). His latest target is more surprising: George Conway, husband of one of his closest aides, Kellyanne Conway. Trump unleashed [...]
Lion Air Boeing 737 Max plane pilots ‘scoured handbook’ in bid to prevent fatal crash March 20, 2019 Pilots of the doomed Boeing 737 Max 8 Lion Air flight scoured a manual to try to understand why the jet was lurching before its fatal crash last October, it is reported. Read more: Investigation into Boeing Ethiopia crash black box data begins The jet hit the Java Sea before pilots could work out what [...]
Shadow transport secretary says Labour will not hand HS2 a ‘blank cheque’ March 20, 2019 Shadow transport secretary Andy McDonald has said Labour will not grant the controversial HS2 project a "blank cheque" if it gets into office. Giving a keynote speech of Labour's transport policies at the Institute for Government, McDonald reiterated Labour's support for HS2 but said the costs of the £56bn railway would have to be watched "like [...]
Theresa May hints she would resign instead of accepting long Brexit delay March 20, 2019 Downing Street has repeatedly refused to say if Theresa May will stay on as Prime Minister if the EU insist on a long delay to Brexit. Speaking in the Commons, May indicated she would rather quit the top job than facilitate a long extension to the withdrawal negotiations, saying: “As Prime Minister, I am not [...]