Virgin Atlantic chief executive calls on MPs to prevent ‘significant damage’ of no-deal Brexit November 27, 2018 Virgin Atlantic has called on MPs to prevent the "significant damage" caused by a no-deal Brexit. The airline's chief executive, Craig Kreeger, today wrote to the Transport Select Committee asking for its help to prevent a no-deal Brexit. He said the prospect of Britain leaving the EU without a deal would “inflict significant damage to the [...]
Black cabs block London Bridge in protest at new ULEV air quality proposals November 27, 2018 A raft of black cabs have blocked London Bridge for the second evening running in protest against proposals to impose air quality restrictions around Tooley Street. London licenced taxis are protesting against the Ultra Low Emissions Vehicle (ULEV) measures, which they claim will restrict trade and harm their business. The City of London Corporation and City Hall [...]
Shipping executives convicted in North Sea oil bribery scheme November 27, 2018 Two former executives of shipping company FH Bertling have been convicted for their part in a corrupt scheme to win a ConocoPhillips freight forwarding contract worth over £16m as part of a North Sea exploration project. The Serious Fraud Office (SFO) said today that Stephen Emler and Giuseppe Morreale had pleaded guilty to their part in [...]
The Economist chief executive Chris Stibbs steps down after flurry of senior departures November 27, 2018 The Economist’s chief executive is stepping down after more than five years in the job, the company confirmed today, following a number of senior departures this year. Chris Stibbs was appointed chief executive of the weekly news magazine in 2013 and has held leadership positions in the company since 2005. A spokesperson for the Economist [...]
Proxy advisor recommends shareholders oppose Restaurant Group’s Wagamama takeover on the eve of the vote November 27, 2018 An influential shareholder group has recommended investors oppose the Restaurant Group’s £600m takeover of Asian fusion chain Wagamama on the eve of the vote. Pensions and Investment Research Consultants (Pirc) said the “risks and adverse implications for shareholders appear too great to overlook”. The proxy advisor's recommendation comes as investors prepare to cast their votes [...]
MPs and international ministers blast Facebook’s Zuckerberg over non-appearance November 27, 2018 Lawmakers have criticised Facebook founder Mark Zuckerberg for not appearing in a hearing today, which accused the social media platform of undermining international parliaments and regulators. A grand committee consisting of representatives from several countries including the UK, Canada, France and Belgium met in Westminster today, convened by the Department for Culture, Media and Sport Select Committee, to [...]
Theresa May tells Trump the UK can sign trade deals under her Brexit plan November 27, 2018 Theresa May has hit back at claims from Donald Trump her Brexit agreement prevents a new trade deal between the UK and US. Speaking in the garden of the White House on Monday, the US president cast doubt on the UK’s ability to have an independent trade policy after Brexit under the terms of May's deal. [...]
H&M axes skinny jeans brand Cheap Monday November 27, 2018 H&M is to axe its independent skinny jeans brand Cheap Monday, with the Swedish retailer blaming “major challenges” to the fashion industry for the decision. The world’s second largest clothing retailer is scrapping the Cheap Monday clothing, which is mainly sold online and through its sole UK outlet on Carnaby Street, as it looks to [...]
Europe’s highest court will issue decision ‘quickly’ on whether the UK can reverse Brexit November 27, 2018 Judges at the European Court of Justice (ECJ) are set to decide "quickly" whether or not the UK can reverse Article 50, the mechanism by which it withdrew from the bloc, without permission from other member states. Britain is set to leave the EU on 29 March next year under the terms of Article 50, which [...]
Nostrum Oil and Gas revenue grows but cuts to its drilling programme send investors running November 27, 2018 Nostrum Oil and Gas has announced it will cut back its number of drilling rigs next year, causing shares plunge 20 per cent this morning. In its third quarter report the Kazakhstani firm reported rising year-on-year revenues but a decline in production for the nine months ending 30 September. The figures Revenue grew steadily to [...]