Sadiq Khan dealt blow by Chris Grayling: TfL won’t take over Southeastern services December 6, 2016 Sadiq Khan has spoken out over the announcement that Transport for London (TfL) won't be taking over Southeastern services from 2018. Chris Grayling has rejected the mayor's plans for City Hall to take over suburban rail services. In an interview with the Evening Standard, Grayling said: "Right now, I think the last thing our railways need in [...]
UK tech is putting its top post-Brexit demands to government December 6, 2016 Keeping the country's emerging tech talent in the UK and guaranteeing to fill any startup funding shortfall from Europe are just two of the measures being demanded from government by a group of top entrepreneurs and investors after the vote to leave the EU. Brent Hoberman, the entrepreneur behind Lastminute.com, Made.com and Founders Fund, Betfair founder Edward Wray, [...]
IG Group share price drops 39 per cent, Plus500 down 27 per cent CMC Markets loses 35 per cent as City watchdog moves to tighten spreadbetting rules December 6, 2016 Shares in spreadbetting firms have tumbled in early trading on the news that the City watchdog is planning to tighten rules around contract for difference (CFD) products. By mid-afternoon, IG Group's stock had dropped 39 per cent, while shares in CMC Markets were down 35 per cent, and Plus500 had fallen 27 per cent. The Financial Conduct [...]
Theresa May wants a red, white and blue Brexit, but her opponents say that’s “jingoistic claptrap” December 6, 2016 Prime Minister Theresa May has vowed to deliver a "red, white and blue" Brexit for the UK, refusing to comment on whether that will include continued contributions to EU budgets, but her opponents say the comments are "jingoistic claptrap". Speaking from Bahrain, May was asked about comments from some of her ministers, which has suggested the [...]
What you need to know about the world’s biggest IPO December 6, 2016 Sometime in the next 12 to 24 months, the world will see probably see the biggest IPO in history, and one that may remain unparalleled for a century or more – the IPO of Saudi oil giant Aramco. Aramco says it has more than 260 billion barrels of recoverable reserves – 10 times the level [...]
Real Good Food’s shares plummeted as exec warns earnings could fall short of estimates December 6, 2016 Real Good Food reported sales growth but experienced losses following trouble with commodity pricing and weak sterling. Executive chairman Pieter Totté said "there is a risk" the company's earnings won't meet market estimates. The figures Total group sales for the Aim-listed ingredients and baking products company grew by 5 per cent to £49m, the company reported in its interim results for [...]
EU negotiator Michel Barnier has given Britain 18 months to reach a Brexit deal December 6, 2016 One of the EU's top officials has warned the the British government it must reach a deal on Brexit within 18 months of activating Article 50. Michel Barnier, who will lead talks with the UK on behalf of the European Commission, said today it was "the sooner the better" for Prime Minister Theresa May to [...]
Jaguar Land Rover appoints Chinese director to board as it gears up for boost in production in China December 6, 2016 Jaguar Land Rover has its sights set on bolstering its presence in China, with the appointment of an executive director for China. Qing Pan will be joining the board from 1 January 2017 in the new role, where he will lead JLR's business in the country. He previously worked at VW and Audi, and will also [...]
Britain’s broadband boost: Regulator wants an infrastructure shake-up to reduce dependency on BT Openreach December 6, 2016 BT will be forced to share vital fixed line infrastructure with rivals in order to "reduce the country’s reliance on Openreach" under proposals by Britain's telecoms regulator. Ofcom today revealed plans it hoped would make it "quick and easier" for the likes of Vodafone,TalkTalk and Sky to build their own fibre networks. Openreach maintains the UK's main telecoms infrastructure [...]
Ranked: City law firms with the most staff fleeing to Ireland after the Brexit vote December 6, 2016 It's been revealed there was a huge jump in the number of English solicitors registering to work in Ireland after the Brexit vote – the figure jumped more than 10 times between 2015 and 2016. Yes, according to figures released last night by the Law Society of Ireland, the number of English solicitors registering to [...]