Auto dealer Pendragon’s shares tumble on fresh profit warning October 19, 2018 Franchised car dealership Pendragon issued a profit warning to investors today, over fears a newly introduced global engine testing regulations will cause future market instability. Pendragon said in a trading update for its third quarter that it now expects its underlying profit before tax for the year to reach £50m, a drop of 17 per cent from [...]
Hit the road: MPs urge government to ban diesel and petrol cars by 2032 October 19, 2018 Calls to scrap petrol and diesel cars in just 14 years time are “impossible to achieve”, according to the car industry. The Business, Energy and Industrial Strategy (Beis) committee has urged the government to bring forward its 2040 target to stop selling cars running on petrol and diesel fuels to 2032. Read more: Car industry [...]
How dare MPs be such brazen hypocrites over abuse claims October 19, 2018 Inappropriate touching. Groping. Sexual slurs. Men trying to kiss unwilling women, dragging them into secluded spaces, making derogatory, objectifying comments about their appearance. Telling them to be “sexier”. Similar, though less widespread, harassment of junior men. When the news broke that this toxic behaviour was widespread in Hollywood, it was met with an international outcry and [...]
DEBATE: Should businesses drop out of ‘Davos of the desert’ to put pressure on Saudi Arabia? October 19, 2018 Should businesses drop out of ‘Davos of the desert’ to put pressure on Saudi Arabia? Barry Gardiner MP, shadow secretary of state for international trade, says YES. I have nothing but respect for the decision taken by those businesses that announced they will not attend the business conference in Saudi Arabia next week. I hope [...]
The future is now, but we’ll miss it if we don’t solve tech’s talent crisis October 19, 2018 The time has come for us to change the narrative. Too often, company executives talk about a future where artificial intelligence will transform the employment landscape or the strategies they are developing to adapt to the fourth industrial revolution. But that time is here – and companies need to be taking action now. Read more: London's [...]
No one in their right mind wants another year of Brexit transition – except the EU October 19, 2018 Who is smiling on the Prime Minister’s announcement that the transition period after exiting the EU could be extended by an extra year? Not the hardline Brexiteers, many of whom think that the UK should have left the bloc yesterday. Not the ultra-Remainers either – an extension of the transition still leads to the inevitable [...]
Amazon ramps up UK investment with commitment to over 1,000 new jobs October 19, 2018 E-commerce giant Amazon is set to further cement its commitment to the UK, after it revealed plans tonight for a new research centre in Manchester and expansion in Edinburgh and Cambridge which will create over 1,000 new highly-skilled jobs in the country in 2019. Labelled by the firm as “Silicon Valley jobs in Britain”, the [...]
Photo of Ryanair crew sleeping on airport floor was staged, airline says October 18, 2018 A photograph of Ryanair crew sleeping on an airport floor was staged, footage from the airline showed today. Staff at the low-cost carrier had released a photograph showing them lying on the floor of an airport staff lounge. La imagen del aeropuerto de Málaga ha sido una escenificación y protesta del trato que Ryanair da [...]
UK not heading for derivatives cliff edge after Brexit, say EU officials October 18, 2018 European officials have said there will be no cliff-edge drop for derivatives markets if Britain leaves the EU without a deal. Olivier Guersent, an aide to the bloc’s head of financial services, told a Politico event: “There is no cliff edge." He made the remarks after his boss, Valdis Dombrovskis, had said that derivatives clearing [...]
Fizz rises to the top: Shake up at Coke as key executives replaced October 18, 2018 Coca-Cola yesterday announced major management changes a year after Brit James Quincey stepped up as chief executive. Brian Smith will become president and chief operating officer, filling the vacancy left when Quincey was promoted. Read more: Whitbread shareholders vote Coca-Cola's Costa merger through Smith is a 21-year veteran of the company and currently serves as [...]