George Osborne’s family wallpaper firm blames Brexit wobbles for loss November 25, 2018 The high-end fabric and wallpaper maker run by Sir Peter Osborne, father of former chancellor George Osborne, has pinned a substantial drop into the red on Brexit “uncertainty” and investment. Osborne & Little’s latest accounts, for the year ended 31 March, show a loss before tax of £350,000 on a turnover of £32.1m. In 2016, [...]
Babcock ‘may never know’ who was behind report that shocked shares November 25, 2018 The boss of Babcock has admitted it “may never know” who is behind a shadowy analyst that released a report which caused its shares to drop. The defence contractor took a hit on the markets last month after a report by Boatman Capital, an anonymous and unregistered entity purporting to be an analyst group, released [...]
Arch rivals Walsh and Branson in bidding war for struggling airline Flybe November 25, 2018 Arch airline rivals Willie Walsh and Richard Branson are set to go head to head in a bidding war for struggling airline Flybe. Walsh, who is chief executive of British Airways owner International Airlines Group (IAG), is facing competition from Branson’s airline Virgin Atlantic as the two carriers vie to take control of Flybe, which [...]
Crazy golf club Swingers tees up multimillion-pound investment as it prepares for US expansion November 25, 2018 London-based crazy golf club Swingers has received multimillion-pound funding from a private investment firm as the popularity of competitive leisure activities continues to grow. Cain International today announced it has made a “significant investment” in the golf club’s parent company Competitive Socialising, which it said would allow the leisure brand to open new venues in the US. [...]
BDO and Moore Stephens merger will create Britain’s fifth-largest accountancy firm November 25, 2018 BDO is preparing to merge with smaller accountancy rival Moore Stephens, in a move that will create a new fifth-largest auditor in the UK, bumping Grant Thornton off the spot. Partners at BDO, which currently holds the number six position, has approved a merger with Moore Stephens, currently the ninth-largest professional services firm in Britain, [...]
Business groups give their verdict on EU rubber-stamped Brexit deal November 25, 2018 After 18 months of wrangling, Theresa May has finally won approval for her withdrawal deal from the EU's 27 leaders. When the Prime Minister announced last week that the withdrawal agreement had been approved by her Cabinet, many businesses welcomed the news, saying it afforded them more clarity after months of uncertainty. Here's what they had [...]
Ex-Nissan chair Carlos Ghosn denies misconduct allegations November 25, 2018 Carlos Ghosn, the former chairman of car giant Nissan, who was arrested and detained last week over allegations he under-reported his remuneration, has reportedly denied the allegations made against him. Ghosn, who was ousted from Nissan after his arrest following an internal company investigation, has not yet spoken out publicly. According to reports by Japanese [...]
Done deal: EU leaders approve Brexit withdrawal agreement and future relationship November 25, 2018 Months of wrangling between Theresa May and Brussels came to an end on Sunday after all EU 27 leaders approved the Prime Minister’s contentious withdrawal agreement. EU member states agreed to the legally binding document that maps out the terms of the UK’s exit from the bloc. They also approved the declaration on the future [...]
Boris Johnson urges Democratic Unionist Party to continue to support Conservative government November 24, 2018 Boris Johnson has urged the Democratic Unionist Party (DUP), which props up Theresa May’s government, to continue to support the Conservatives. Speaking as a guest at the Northern Irish party’s conference today the former British foreign minister warned that terminating their support could result in a Labour government led by Jeremy Corbyn. “To our allies [...]
European Council president Donald Tusk recommends EU27 pass Theresa May’s Brexit withdrawal agreement tomorrow evening November 24, 2018 European Council president Donald Tusk has recommended that the 27 EU member states approve the Brexit withdrawal agreement at a summit in Brussels tomorrow. He said the objectives of the negotiations – to minimise uncertainty and disruption, settle the status of EU citizens in the UK, avoid a hard border in Ireland, ensure the UK [...]