Another miss for London’s IPO market? Parkdean Resorts sold to Canadian private equity house December 18, 2016 A Canadian private equity house this weekend announced the acquisition of a UK caravan holiday parks operator, in a deal that could be seen as another loss for London’s flotation market. Toronto-based Onex Corporation has agreed a £1.35bn deal for Parkdean Resorts, which is currently owned by Epiris, formerly known as Electra, and Alchemy. The [...]
Farage says ministers are banned from speaking to him December 18, 2016 Nigel Farage has said that cabinet ministers have been banned from speaking to him by Downing Street. The former Ukip leader who has been close to Donald Trump since the businessman was elected President labelled British politics "small-minded, petty and tribal", speaking to the BBC's Radio 4. "I find the fact that Downing Street don't want [...]
Heathrow and Gatwick warn of more disruption from fog December 18, 2016 Travellers are facing more misery as the foggy weather causes a second day in a row of delays at airports around London and beyond. Heavy fog over the capital and elsewhere across England and Europe has caused airports to warn passengers of potential delays and cancellations. Read more: Here are the busiest Christmas routes for [...]
The UK is becoming less attractive for foreign investment after Brexit December 18, 2016 The country's position as the most attractive place in Europe for foreign investors is at risk in the long term without quick action from the government to secure confidence. The EY Attractiveness Survey, which measures investor sentiment among the world's top business leaders, found short-term confidence in the UK as a place to invest is holding [...]
“Let them keep it!”: Trump weighs in as US secures return of China drone December 18, 2016 Officials in Washington and Beijing have agreed the return of a US underwater drone seized last week in the South China Sea, an act which President-elect Donald Trump had already labelled "unprecedented". The incident prompted further comment from the businessman turned politician, saying China should "keep it" on Twitter, where Trump continues to share his [...]
Trump wades into dispute over US drone stolen in South China Sea December 17, 2016 President-elect Donald Trump has waded into a drone dispute between the U.S. and China with a tweet. The tweet criticised China for seizing a US Navy underwater drone in the South China Sea. He initially wrote "unprecedented" incorrectly in the tweet (spelling it as "unpresidented"), but later corrected his mistake. China steals United States Navy research drone in international [...]
Flights across London airports delayed due to fog December 17, 2016 Flights have been disrupted due to heavy fog in London. London City Airport diverted all inbound flights today. There have also been delays at Heathrow and Gatwick. Travellers have been advised to contact their airlines about possible cancellations. Significant fog in London is continuing to cause flight delays & cancellations. Passengers affected are advised to speak to [...]
An earthquake has struck off the coast of Papua New Guinea December 17, 2016 An earthquake has struck off the coast of Papua New Guinea. The Pacific Tsunami Warning Centre (PTWC) issued a statement saying an earthquake of magnitude 7.9 occurred in the region of New Ireland. Tsunami waves were observed, and hazardous tsunamis were forecast for some coastal regions. Read more: Tsunami warning issued after 6.9 earthquake hits [...]
Japanese banks threaten to leave UK unless given clarity on Brexit December 17, 2016 Japanese banks have told the UK government they will start moving out of London in the next six months unless they receive more information on the UK's Brexit plans. Investment banks Nomura and Daiwa Capital Markets met UK City minister Simon Kirby and the international trade minister for financial services, Mark Garnier, in a meeting [...]
Russia attempts to undermine UK with cyber attacks and fake news December 17, 2016 Russia has embarked on a propaganda campaign against Britain, according to reports. Moscow is seeking to undermine the UK's power by using cyber attacks and fake news, and Prime Minister Theresa May is set to hold a National Security Council meeting to assess the Russian aggression and how to respond, according to The Times. Read more: [...]