Domino’s Pizza franchisees demand meeting with top boss over profit structure March 17, 2019 Domino's Pizza store owners have upped their onslaught against the food chain's top UK executives, alleging an ongoing row between the two sides is far from over. The Domino's Franchisee Association wrote to the FTSE 250 group last week to warn that suggestions of a resolution in the near future were "extremely misleading", according to the [...]
Rival outsourcers could buy out Interserve services business as Mitie makes inquiries March 17, 2019 Interserve’s uncertainty continued over the weekend as rivals expressed an interest in buying the most profitable part of its business. It is understood fellow outsourcer Mitie contacted Interserve’s administrator EY over the weekend, as well as a consortium of banks and hedge funds which now own the firm, about buying its support services arm. Read [...]
Labour hits back at social media giants over Christchurch attack footage March 17, 2019 Social media firms must be better at reacting quickly to take down live broadcasts, Labour leader Jeremy Corbyn has said today. A gunman attacked two mosques in Christchurch, New Zealand on Friday, killing 50 Muslims. He live-streamed the attack on Facebook for 17 minutes, with footage of the event quickly spreading to other platforms such as [...]
Junk food ads set to be banned on TV and online before 9pm watershed in government crackdown March 17, 2019 Junk food advertisements could be banned from appearing on TV and online before 9pm, as the government today launched a consultation on measures to tackle the UK's growing obesity rate. Currently, ads for foods that are high in fat, salt or sugar are forbidden during broadcasts of TV programmes specifically aimed at children. The consultation by [...]
Philip Hammond says it is ‘physically impossible’ for UK to leave EU on 29 March March 17, 2019 Philip Hammond has said it is "physically impossible" for the UK to leave the EU on 29 March. Speaking to the BBC, the chancellor said a "short extension" to Article 50 – the mechanism that allows the UK to leave the EU – was necessary to enable the government to pass all the legislation required to [...]
Deutsche Bank and Commerzbank confirm merger talks as German government signals support for the tie-up March 17, 2019 Deutsche Bank and rivals Commerzbank have started exploratory merger talks after the German government signalled it would not stand in the way of a potential tie-up. The senior management of Germany’s two largest lenders have begun discussions this morning, a step up from initial informal talks in recent weeks. Read more: Deutsche Bank hits back [...]
London hosts bulk of Britain’s £100bn of secretly owned property March 17, 2019 Over 87,000 properties in England and Wales are owned anonymously through companies registered in tax havens, it has been revealed today. Together, these properties are worth at least £56bn, according to Land Registry data, and likely worth more than £100bn when accounting for inflation, according to new analysis by anti-corruption organisation Global Witness. Read more: [...]
Jeremy Corbyn says Labour will force another no confidence motion if May’s Brexit deal is defeated again March 17, 2019 Labour leader Jeremy Corbyn has said the party could force another no confidence motion in the government if it fails to get Theresa May's Brexit deal across the line for a third time. Corbyn said he thought it was likely that the May's Brexit deal would voted down and that the government's strategy was to [...]
UK’s biggest travel booking app Trainline considers £1bn flotation March 16, 2019 Rail ticket booking platform, Trainline, is moving toward a £1bn stock market listing that could take place within the next few months. The company is looking at an initial public offering as its preferred option after being approached by private equity firms, according to Sky News. Read more: Patisserie Valerie overstated financial position by £94m, [...]
Senior Conservative MP Nick Boles quits local party over Brexit March 16, 2019 Pro-EU MP Nick Boles has resigned from his local Conservative party due to disagreements over Brexit. The MP for Grantham and Stamford in Lincolnshire claimed a "division has opened up" between him and his members. Read more: EU gives UK July deadline for Brexit delay In a letter to those members at his constituency's Conservative [...]