Labour MP Frank Field resigns, claiming party is ‘force for antisemitism’ August 30, 2018 Veteran MP Frank Field has resigned from Labour, claiming the party has become "a force for antisemitism in British politics". Field, the MP for Birkenhead and chair of the Work and Pensions Committee, issued a statement saying he was resigning the whip from the party he has represented since 1979 to serve as an independent MP [...]
TfL and Network Rail urged to stop ‘passing the buck’ over failures on Gospel Oak to Barking line August 30, 2018 Transport for London (TfL) and Network Rail have been urged to stop "passing the buck" over continuing failures on the Gospel Oak to Barking line. Commuters using the London Overground line have endured repeated delays to the introduction of new Class 710 electric trains, which manufacturer Bombardier has blamed on software problems. The trains were [...]
Campbell’s Soup to sell off divisions as activist investor calls for sale August 30, 2018 Campbell's Soup said today that it will sell two of its divisions as it faces pressure from investors to put the whole business up for sale. The food company, which was made iconic by Andy Warhol's paintings of its tomato soup, plans to flog its international business as well as its fresh refrigerated foods unit. [...]
Seven of Brewdog’s weirdest publicity stunts as it pledges to end ‘shock tactics’ August 30, 2018 Brewdog may have made its name off the back of a bizarre series of publicity stunts, but the indie brewer has pledged to “focus more on beer” and drop the “high octane shock tactics”. Following backlash to its parody porn website earlier this week, Brewdog posted a message to fans and shareholders on its website [...]
Selling British-made naan bread to India the ‘ultimate embodiment of global Britain’, Treasury minister says August 30, 2018 Selling Bedfordshire naan bread to India is the “ultimate embodiment” of global Britain, Liz Truss has said as she reassured businesses Brexit would boost trade opportunities. The chief secretary to the Treasury said the government's Brexit and trade deals would open up more opportunities for businesses with the rest of the world. Read more: Scholz: [...]
New PwC recruits to set their own hours under flexible working scheme August 30, 2018 Accounting giant PwC has scrapped the traditional nine-to-five week in favour of flexible hours for certain roles. Applicants to the Flexible Talent Network will be able to choose a working pattern that suits them in a bid to attract more diverse talent that may have previously dismissed the firm. Employees will be appointed to projects based on their skills and [...]
Deutsche Boerse boss rows back on landgrab, but German finance minister Olaf Scholz insists ‘large parts’ of euro clearing will leave London after Brexit August 30, 2018 The head of the Deutsche Boerse has appeared to row back on his immediate plans for a post-Brexit landgrab on London's euro clearing industry. Speaking on Thursday morning at a conference organised by German newspaper Handelsblatt, Theo Weimer put the odds of increasing his exchange's current market share of around eight per cent at just “50-50”, according to [...]
Checking emails on the daily commute should count as work, say researchers August 30, 2018 The daily commute should be counted as part of the working day because so many passengers are using the time to check their work emails, a survey has found. Researchers at the University of West England (UWE) examined 5,000 rail passengers on commuter routes into London as Wi-Fi became more available, focusing on the Wi-Fi [...]
Jeremy Hunt takes aim at Google over ‘child abuse content’ August 30, 2018 UK foreign minister Jeremy Hunt has lashed out at Google over its plans to build a censored version of its search engine in China, while lagging on efforts to remove sensitive content on child abuse. "Seems extraordinary that Google is considering censoring its content to get into China but won’t cooperate with UK, US and [...]
Gam shares slide after Credit Suisse slashes price target August 30, 2018 Shares in Swiss asset management firm Gam plummeted more than ten per cent this morning after Credit Suisse halved its price target for the stock. Gam Holdings' shares were down 10.4 per cent to SFr7.32 (£5.80) at midday after the banking giant cut its target from SFr14.20 to SFr7. The troubled company announced the start of a liquidation process for unconstrained/absolute [...]