Gospel Oak to Barking line users to receive a month of free travel following train delays January 27, 2019 Users of the troubled Gospel Oak to Barking route will receive a month's worth of free travel after suffering sustained periods of disruption from the delayed introduction of new trains on the line. Software issues with manufacturer Bombardier have meant that a new fleet of Class 710 trains, which were due to be introduced last [...]
Social media firms could face ban if they fail to remove harmful online content, warns Matt Hancock January 27, 2019 Social media firms face being banned if they fail to remove harmful content, health secretary Matt Hancock has suggested. "We are a nation state, parliament is sovereign – as we are discovering in the Brexit process – and we can legislate if we need to. It would be far better to do this in concert with the [...]
Activist investor takes shot at board of vodka maker Stock Spirits January 27, 2019 A Portuguese activist investor has launched a no-holds-barred attack on the chairman and senior director of vodka maker Stock Spirits amid discontent about shareholder returns. Luis Amaral, whose investment firm Western Gate holds a 10 per cent stake in Stock Spirits, has called on fellow shareholders to oust chairman David Maloney and senior independent director [...]
Tesco set to ‘axe up to 15,000 jobs’ January 27, 2019 Fears that Tesco will axe 15,000 jobs emerged over the weekend, amid reports that Britain’s largest grocer is planning to overhaul some of its store operations as part of a £1.5bn cost-cutting plan. Reports in the Mail on Sunday said today that thousands of employees in Tesco’s meat, fish and delicatessen counters face the firing [...]
Unilever boss looks to mend fences with the City in upcoming results January 27, 2019 The City will be turning its gaze towards Unilever later this week, with the consumer goods giant looking to reassure investors after a turbulent year which ended with the departure of long-reigning boss Paul Polman. The blue-chip firm behind Marmite and Persil is set to post its full-year results on Thursday under the leadership of Alan [...]
Imposing martial law in a no-deal Brexit is ‘on the statute book’, says Matt Hancock January 27, 2019 Health secretary Matt Hancock has said imposing martial law in the event of a no-deal Brexit was "on the statute book" and that the government was looking at "all possibilities". The UK is on the brink of declaring a state of emergency in case disorder breaks out if the UK leaves the EU without a deal on [...]
Flybe shareholder demands EGM in bid to oust chairman as row over cut-price sale continues January 26, 2019 Flybe’s largest shareholder have requisitioned an extraordinary general meeting (EGM) next week where they will demand the company’s chairman be sacked. Hosking Partners owns just under 19 per cent of Flybe and are contesting the cut-price sale of the struggling airline to a consortium that is led by Virgin Atlantic. The aim of the meeting [...]
UK will recognise Guaido unless Venezuela holds new elections – foreign secretary Hunt January 26, 2019 Britain has become the latest western nation to throw its weight behind Venezuelan opposition politician Juan Guaido as pressure increases on President Nicolas Maduro. The UK will recognise Guaido as president unless new elections are called within eight days, Foreign Secretary Jeremy Hunt said. Read more: Corbyn hosts Venezuelan diplomat in parliament as anti-Maduro protests erupt [...]
Goldman Sachs chief executive warns that Brexit could affect UK investment plans January 26, 2019 Goldman Sachs’ new chief executive, David Solomon, has admitted that Brexit could affect its investment plans in the UK. Solomon said that while the number of employees in the UK has been stagnant, the company have increased its headcount in the EU, and Brexit could affect decisions regarding its people and resources. “If this [Brexit] [...]
BAE Chairman: Britain should be a ‘critical friend’ to Saudi Arabia after Khashoggi and Yemen January 26, 2019 Britain must remain a “critical friend” to Saudi Arabia, the head of the UK’s largest defence company has said. BAE Systems chairman Roger Carr said that the UK could help Saudi Arabia’s Crown Prince Mohammed bin Salman change his country’s trajectory. Read more: BAE Systems sells off majority stake in UK military vehicle arm to German firm [...]