Crossrail and HS2 chair Sir Terry Morgan faces sack after costs spiral December 1, 2018 The chair of the Crossrail and HS2 infrastructure projects reportedly faces the sack over fears the rail link between London and Birmingham could exceed its £56bn budget by a large margin. Sir Terry Morgan has only been chair of HS2 for four months but could now be fired within weeks after his poor performance was [...]
Political leaders pay tribute to former US President George HW Bush after his death at 94 December 1, 2018 The political world has paid tribute to former US President George HW Bush who died late last night at the age of 94. Bush Senior, who was father of fellow US President George W Bush and former Florida governor Jeb Bush, served one term as President from 1988 to 1992. His wife, former first lady [...]
Sam Gyimah resigns in protest at Theresa May’s “naive” Brexit deal December 1, 2018 Science and universities minister, Sam Gyimah, became the sixth minister to resign in protest at Theresa May's Brexit deal when he quit the government on Friday evening. It came after May announced that the UK was pulling out of the EU's Galileo satellite-navigation project, which Gyimah believes exposes the deal as "naive". The decision to pull out of the project came [...]
Former US President George HW Bush dead at 94 December 1, 2018 Former US President George Bush died late last night at the age of 94. Bush, the 41st US President, died at 10.10pm Central time at his home in Houston, according to a spokesperson. He was the father of George W Bush, the 43rd US President who served two terms during the 2000s, and Jeb Bush, [...]
Mike Ashley acquires Intu property despite row with retail landlord over House of Fraser stores November 30, 2018 Mike Ashley has acquired a new property from Intu despite a public bust up with the retail landlord in which he threatened to withdraw 17 of his stores from their shopping centres. The billionaire has bought a long leasehold on the former BHS site in Derby from Intu, according to the Press Association. It comes just two [...]
FTSE 250 outsourcer Kier sees shares plummet as it asks shareholders for £264m to slash debt November 30, 2018 Construction services company Kier Group’s share price plummeted to its lowest point for a decade this afternoon as it announced a plan to raise £264m to pay off debts. The FTSE 250 firm said the rights issue would give existing shareholders the chance to buy its stocks for 409p each, a 34 per cent discount [...]
Asda, Sainsbury’s and Morrisons announce plans to cut fuel prices tomorrow November 30, 2018 Three major UK supermarkets have announced cuts to fuel prices today as the wholesale cost continues to decrease. From tomorrow customers at Asda, Sainsbury’s and Morrisons will benefit from 2p per litre discount on unleaded and diesel. Drivers will now pay no more than 116.7p per litre on unleaded and 127.7p per litre on diesel [...]
US, Mexico and Canada sign new trade deal November 30, 2018 The US, Mexico and Canada today signed a new deal governing the more than one trillion dollars (£780bn) worth of trade between the three countries. US President Donald Trump, Canada’s Prime Minister Justin Trudeau and Mexico’s President Enrique Pena Nieto signed the deal known as the United States-Mexico-Canada Agreement today in Argentina at the start [...]
Donald Tusk’s message to MPs: UK cannot renegotiate Brexit deal November 30, 2018 European Council president Donald Tusk ruled out renegotiating Theresa May’s Brexit deal today, saying if parliament rejects the agreement then Britain must either crash out of the EU with no deal or abandon Brexit altogether. “A few days before the vote in the House of Commons, it is becoming more and more clear that this [...]
Ex-Interpol chief expelled from China’s political advisory body after disappearing amid corruption charges November 30, 2018 The former head of Interpol has been expelled from China's top political advisory board, according to state media, due to the corruption case he is facing. Meng Hongwei had his membership revoked yesterday by the National Committee for the Chinese People's Political Consultative Conference (CPPP), whose 2,000-person assembly is tasked with advising the government with policy [...]