British builder Kier Group confident of meeting full-year expectations with results weighted towards second-half of financial year November 16, 2018 Kier Group has announced that it is confident of meeting its full-year expectations ahead of its AGM today, with the full-year results being weighted towards the second half of the financial year. The FTSE 250 listed company have said it will continue to focus on operational cash generation and reducing net debt as part of their Future Proofing Kier (FPK) [...]
Theresa May admits she harbours ‘concerns’ over Brexit deal’s Irish backstop agreement November 16, 2018 Theresa May admitted she has concerns over her Brexit deal’s strategy to avoid a hard border in Ireland as she resisted calls to step down as Prime Minister on LBC today. A string of MPs have resigned so far over her Brexit withdrawal agreement, which puts the UK in a temporary customs union with the [...]
Ofcom fines Virgin Media and EE £13m for overcharging customers November 16, 2018 Ofcom has slapped EE and Virgin Media with combined fines of £13.3m for overcharging customers who ended their contracts early. The regulator said that EE had charged 400,000 customers up to £4.3m too much over a six-year period. Up to 15m mobile, landline and broadband customers were stuck in contracts with “excessive early exit charges”, [...]
Theresa May has sacrificed herself on the altar of Brexit November 16, 2018 The power of Brexit is infinite. It has broken party lines, destroyed the traditional political order, forced people to reverse ideological positions, challenged the concepts of truth and fact, and sucked every last molecule of oxygen out of Westminster. It also, we have just discovered, has the power to distort time. For months, nothing has [...]
Let there be light – entrepreneurs are making the world a brighter place November 16, 2018 I can only assume that Netflix is bidding for rights to Brexit: The Saga. You might as well download the past 48 hours’ worth of news coverage, upload to the streaming site, and advertise it as how Breaking Bad would have unfolded if set in Westminster instead of New Mexico. The news is pure entertainment. [...]
Money in the pot? The cannabis trend could be the new gold rush November 16, 2018 Is cannabis the new gold? And if so, are we at the gates of a greener and much more lucrative gold rush? Long gone are the days in which the legalisation of marijuana seemed impossible. Across the world, laws have fallen, new laws have been made, and an increasing amount of research has established that [...]
Michael Gove ‘may quit cabinet’ over Brexit deal November 16, 2018 Environment secretary and Brexiter Michael Gove is reportedly considering resigning from the cabinet this morning. Gove turned down the role of Brexit minister following Dominic Raab’s resignation yesterday, City A.M. understands, over fears he would not be allowed to renegotiate a Brexit deal after the Prime Minister’s proved hugely unpopular with senior ministers in her [...]
It’s not just parliament facing a Brexit showdown: Brussels also has a big dilemma on its hands November 16, 2018 Two months is an exceedingly long time when it comes to Brexit. But try, if you will, to cast your minds back to September and the run up to the Conservative party conference. On more than one occasion EU leaders suddenly and unexpectedly changed tone and delivered Prime Minister Theresa May a vote of confidence. [...]
Editor’s Notes: Nobody has a clue what’s going to happen November 16, 2018 Westminster has entered a period of chaos, marked by the usual signs of political turmoil: marquees outside parliament for camera crews, protesters desperately trying to get in shot and MPs from all sides of the debate milling around trying to get on the air. In the City, frantic movements in sterling and a sizeable hit [...]
Kleinman: Beat Barxit? Jes he can – for now November 16, 2018 Come again? The fawning of business leaders who dialled into a conference call with the chancellor and business secretary after Theresa May’s Brexit deal announcement on Tuesday was stunning in its obsequiousness. Particularly odd was Sir Gerry Grimstone who – sitting alongside fellow Barclays board members John McFarlane and Sir Ian Cheshire – took it [...]