Supplier joins growing calls for investigation into House of Fraser collapse September 9, 2018 Mike Ashley’s calls for an insolvency investigation into House of Fraser’s former directors were backed by one of the department store’s major suppliers today. Tea Terrace boss Ehab Shouly told the Sunday Times that House of Fraser’s erstwhile bosses withheld vital information about the company prior to its collapse last month. One source close to [...]
Investigation report into TSB IT meltdown to be fast-tracked September 9, 2018 A report investigating TSB's technology meltdown will be fast-tracked and published before the end of the year. Law firm Slaughter and May is conducting an investigation into a botched IT systems migration in April that left customers unable to access online bank accounts. Read more: Paul Pester steps down as TSB boss amid ongoing IT issues The report will be divided [...]
Boris Johnson compares Chequers deal to ‘suicide vest’ as open warfare between top Tories breaks out September 9, 2018 Former Foreign Secretary Boris Johnson has deepened bitter divisions within the Conservative Party this morning, after claiming that Theresa May’s Brexit plan would put the UK constitution in a “suicide vest”. The damning jibe provoked a furious backlash among a number of senior party figures, laying bare the current internal splits that Tories face as [...]
Javid insists Chequers plan is only one ‘on the table’ as backbench pressure mounts September 9, 2018 Home Secretary Sajid Javid insisted Downing Street’s Chequers plan was the only one on the table with the EU earlier today, amid growing party pressure for a fully-fledged alternative to the government’s current Brexit strategy. Speaking to the BBC this morning, Javid said: “The only deal that we’ve got on the table, that’s the Chequers [...]
Barack Obama launches scathing attack on Donald Trump and urges voters to stop his ‘abuses of power’ September 8, 2018 Barack Obama has launched a scathing attack on his successor Donald Trump and urged Democrats to vote in November's elections to stop his “abuses of power”. The former US President said Americans were living in dangerous times and said Republicans were dividing the country and threatening democracy. His speech last night at the University of [...]
Jack Ma to unveil succession plan after reports he will retire from Alibaba September 8, 2018 One of China's richest men Jack Ma will unveil a succession strategy on Monday following reports he is preparing to retire from internet giant Alibaba. Ma, who co-founded the Chinese tech behemoth in 1999, told the New York Times he planned to retire and focus on philanthropy in education. The e-commerce empire, with a market [...]
US sends messages to Iran ‘every day’ in bid to open negotiations September 8, 2018 The United States sends Iran messages “every day” in a bid to begin new negotiations, Iranian President Hassan Rouhani has said. Donald Trump withdrew the US from a nuclear deal with Iran in May and reimposed sanctions on the country, with sanctions targeting its oil sector set to come into force in November. Read more: [...]
European Investment Bank considering capital increase to plug €3.5bn gap post-Brexit September 8, 2018 The European Investment Bank will consider a capital increase to allow EU nations to increase their stake after Britain pulls out of bank in March. Britain – the biggest EIB shareholder – leaving the EU would mean the bank losing €3.5bn (£3.1bn) of capital. Other existing shareholders will increase their stake proportionally to make up [...]
New powers that could see cold call firms fined up to £500,000 come into force September 8, 2018 Companies cold-calling customers without their consent could be fined £500,000 from today as new measures come into force. Previously consumers had to opt-out of receiving calls by registering with the free Telephone Preference Service or withdraw their consent during the call. But the new powers will put the onus on the callers to make sure [...]
Mother and child ‘amazingly’ survive Tube platform fall by hiding in pit under track September 8, 2018 A mother and child were “extremely fortunate” to survive after falling onto a Tube track seconds before a train arrived at Baker Street last night. British Transport Police (BTP) said the woman was pushing her child in a buggy along the platform just before 10.15pm last night when she accidentally pushed the wheels over the platform [...]