Total could face massive shock as energy broker Utilitywise goes bankrupt February 24, 2019 Oil major Total may lose thousands of small business customers after Utilitywise went out of business earlier this month. The French giant is one of the UK’s biggest non-domestic energy suppliers, and stands to lose out more than others from Utilitywise’s collapse, the Sunday Times reported. Read more: Lights out: Around 1,000 jobs at risk [...]
Lord Barker takes time out for Russia’s sanction-hit power and aluminium producer En+ February 24, 2019 A former UK energy minister is pausing his House of Lords duties to pour his efforts into the role as chair of a Russian metals giant which he helped save from US sanctions. Lord Barker is taking time out from the House to focus on London-listed En+, having not voted since 11 February, the Sunday Times reported. Read [...]
Warren Buffett takes aim at Trump in annual letter February 24, 2019 Wall Street veteran Warren Buffett appeared to take aim at President Donald Trump over the weekend, after saying that individuals could not claim credit for success in the US economy. In a letter to Berkshire Hathaway shareholders on Saturday, the billionaire said that “it is beyond arrogance for American businesses or individuals to boast that [...]
Hammerson full-year results in tomorrow’s City focus February 24, 2019 City eyes are set to focus in on Hammerson tomorrow morning, when the embattled shopping centre landlord releases a crucial set of profit results that come against a backdrop of activist pressure and industry challenges. The listed property company, which owns flagship shopping centres such as The Bullring in Birmingham, is set to face scrutiny over [...]
Laura Ashley tells investors that it has not received a takeover bid February 24, 2019 Embattled British retailer Laura Ashley confirmed this evening that it has not received any takeover offers, as speculation mounts over a potential bid from entrepreneur Michael Flacks. The textile design company’s chairman said today that the group had no intention of selling its controlling stake following a Sunday Telegraph article which said that Flacks is [...]
Microsoft goes all-in on holograms in the workplace with the new Hololens 2 February 24, 2019 Microsoft's long-awaited update to its mixed reality headset, the Hololens 2, has placed big bets on businesses including holograms in their day-to-day working life. Revising several major issues to the 2016 Hololens such as comfort and immersion, the biggest change to the Hololens 2 is the price. Coming down 30 per cent from the cost of [...]
Competition regulator set to launch reforms to beef up consumer protection February 24, 2019 Consumer protection is set to be beefed up with bigger fines and disqualification for company directors under a new set of proposals to be announced tomorrow by the competition watchdog. The chairman of the Competition and Markets Authority (CMA) Lord Tyrie will announce a set of proposed reforms at an event with the business secretary Greg [...]
Huawei can survive without US, chairman says as tensions grow over cybersecurity fears February 24, 2019 The chairman of Huawei said his company can survive without US business amid a global controversy over its products, while welcoming a conciliatory tone from President Donald Trump. Guo Ping, whose firm is facing a backlash from western governments over cybersecurity concerns, said he agrees with recent tweets from Trump, where he seemed to take [...]
Government should cap Heathrow passenger charges says British Airways owner IAG February 24, 2019 One of the world’s largest carriers has called on the government to cap the amount passengers are charged for travelling through Heathrow. IAG, the owner of British Airways, Iberia and Aer Lingus, hit out at the airport for benefiting its shareholders at the expense of passengers. Read more: Over 80m passengers flew through Heathrow Airport [...]
MPs in uproar as Theresa May delays Brexit meaningful vote February 24, 2019 Number 10 has confirmed reports that the Prime Minister will delay this week's meaningful vote on her Brexit deal. Theresa May told journalists on board a flight to Sharm El Sheikh that the meaningful vote on her Brexit deal will now be held by 13 March – just two weeks until the UK's scheduled exit date [...]