Heineken completes £2.2m redevelopment of The Gun in Spitalfields January 30, 2019 Heineken has completed the £2.2m redevelopment of historic East End pub The Gun, the company said today. The Gun, which was first opened in 1929, has undergone a radical transformation since closing its doors four years ago. Read more: Fuller's calls time on brewing business as Asahi agrees £250m deal The makeover, carried out with the [...]
MPs send Brexit ball back into EU’s court…but will they play? January 29, 2019 By the standard of recent months, Theresa May enjoyed a good night in parliament on Tuesday. While there was no legislative victory to be had, there was a real risk that MPs would seize control of the Brexit process and render her deal defunct. In the event, MPs voted against extending the Article 50 withdrawal [...]
Brexit vote live: MPs reject no-deal and vote for changes on the Irish backstop January 29, 2019 Hello and welcome to our Brexit vote live blog. Please manually refresh this page for the latest updates The Prime Minister brings her plan B to parliament today, but the real meat on the table today are various Brexit amendments tabled by MPs. These vary wildly – with one expected to call for an alternative [...]
Theresa May calls for Brexit negotiations to reopen after MPs back new plan January 29, 2019 Theresa May will launch an audacious bid to reopen Brexit negotiations with the EU after MPs voted in favour of reforming the contentious Irish border backstop arrangements. After a night of high drama, during which MPs voted against a plan that could have delayed Brexit, the Prime Minister said she had a fresh mandate to [...]
London-listed video advertisers Taptica and Rhythm One to unite in £260m merger January 29, 2019 Merger talks between two firms in the video advertising sector have reached an advanced stage, which could be valued at £260m. London-listed firms Taptica and Rhythm One are in discussions regarding an all-share tie-up, which would see Taptica take over its competitor, according to a report by Sky News. Taptica shareholders would own a slightly larger [...]
Huawei: How the Chinese telecoms spying scandal has impacted the UK January 29, 2019 The scandal rocking Chinese telecoms firm Huawei escalated last night after the US filed a series of criminal charges against it. The US Department of Justice has alleged Huawei of a raft of criminal offences amid fears Chinese authorities could use the company’s equipment for spying. The US, Australia and New Zealand have all banned [...]
City regulators push for ‘unprecedented’ powers in the event of no deal Brexit January 29, 2019 The City's financial regulators have urged Parliament to hand them “unprecedented” powers to keep the UK open for business in the event of a no-deal Brexit. Financial Conduct Authority (FCA) chief executive Andrew Bailey told the Treasury Select Committee transitional powers were needed to “fix an emergency” as he pleaded the case alongside City minister [...]
Total turnaround: French oil giant sets sights on safe bets after frontier exploration failed to produce results January 29, 2019 Total is planning its largest exploration push for years as the oil major switches focus towards safer drilling targets after it announced the biggest discovery in the North Sea for a decade. The company plans to drill 23 new wells this year, head of exploration Kevin McLachlan said. Read more: BP and Shell get green light [...]
Brokerage giant TP Icap hits back at Moody’s over downgraded rating January 29, 2019 The world’s largest interdealer broker TP Icap has hit back at Moody’s after being downgraded by the ratings agency. Moody’s downgraded the brokerage giant from Ba2 to Ba1 with a stable outlook on Monday before withdrawing its rating “for its own business reasons”. It cited concerns over the company’s increased costs, debt levels and capital [...]
City Hall and BBC under fire over stamp duty agreement for new Olympic Park studios January 29, 2019 City Hall has come under fire for agreeing to underwrite half of the stamp duty that could be levied on the BBC when it opens new studios in the £1.1bn Olympic Park development. Last summer the broadcaster announced it would build a brand new set of studios at the east London site by 2022/23, in concert [...]