Vogue publisher Conde Nast’s accounts reveal £13m loss January 3, 2019 Magazine publisher Conde Nast made a £13m loss in the UK in 2017, its recently published accounts reveal. The Vogue publisher's accounts for the year to 31 December 2017, which were made available on Companies House this week, showed a £13.6m loss, compared to a £4.3m profit the year before. In its accounts the publisher said [...]
DUP still has ‘principled objections’ to May’s Brexit deal after Downing Street meeting January 3, 2019 Theresa May’s hopes of winning key support for her Brexit deal appear to have suffered another blow after the DUP said its “principled objections” remain. Nigel Dodds, the DUP’s leader in Westminster, met with May in Downing Street on Thursday lunchtime as the Prime Minster sought to calm fears over the so-called ‘backstop’ in the [...]
UK M&A value soars by more than a quarter in 2018 as number of mega-deals increases January 3, 2019 The value of merger and acquisitions involving UK companies soared by more than a quarter last year as the number of mega-deals surged. Deal activity reached a three year high in 2018, while M&A activity involving UK firms hit £359.9bn which is 28 per cent more than the value recorded in 2017, according to data [...]
Delays at UK’s busiest airports cost business passengers £500m last year, new data reveals January 3, 2019 UK business passengers lost more than half a million days to delays at Britain's 10 busiest airports last year, at a cost of around more than £500m to their pockets. When combined with delays to leisure passengers the figure rise to 2.5m days lost, costing travellers £1bn. Data from air travel intelligence company OAG shows that delays at Heathrow [...]
Sir Terry Morgan to appear at London Assembly grilling over lead-up to Crossrail delay January 3, 2019 Former Crossrail chairman Sir Terry Morgan will give his account of the events leading up to the announcement of project's delay after Sadiq Khan accused him of "misremembering events". Morgan, who was ousted from his role in December, will appear before the London Assembly's transport committee next Wednesday as it probes his account of events leading [...]
Plans for tiny robot workers to fix Britain’s underground pipes get £7m government backing January 3, 2019 Tiny robots the size of a human fingernail will one day swim and crawl along Britain’s vast network of underground pipes, working in teams to carry out repairs in place of people. The government is to plough £7m into the creation of the micro robots, which it hopes will one day perform infrastructure maintenance work on pipes, [...]
What the City of London’s skyline will look like in 2026 January 3, 2019 New images have revealed how London’s skyline will be transformed in the next seven years after planned developments have been completed. Seven towers are under construction and due to be completed by 2026 in the City Cluster, which is the area in the eastern corner of the Square Mile, and a further six have received [...]
Aviation regulator grants Ryanair UK air operator licence to continue flights in no-deal Brexit January 3, 2019 The aviation regulator has granted budget airline Ryanair with a UK air operator certificate that will allow it to operate flights within the UK and to non-EU routes in the event of a no-deal Brexit. The Irish airline said the risk of a no-deal Brexit was rising and repeated its call for the UK and EU to agree [...]
Booming video games industry makes up half the UK entertainment market January 3, 2019 The video games sector now accounts for more than half the UK’s entertainment market and is bigger than video and music combined, new figures have revealed. The booming games industry is worth £3.86bn, more than double its value in 2007, and now makes up over 51 per cent of the entire UK entertainment market, according [...]
Sainsbury’s begins search for new banking chief as Peter Griffiths prepares to retire January 3, 2019 Sainsbury’s has begun the search for a new chief executive of its banking division after confirming Peter Griffiths will step down next year. Griffiths, who has been in charge of Sainsbury’s Bank since 2012, will step down in 2020, Sky News first reported. The supermarket chain confirmed it was in the “early stages” of finding [...]