Daimler’s profit warning has sent the share prices of European car manufacturers tumbling June 21, 2018 Daimler, the maker of Mercedes-Benz, has warned that profits will be lower this year as a result of US-China trade tensions, which has seen share prices in other European carmakers fall in tandem. Daimler has said it is considering “possible strategic options” while cutting its profit forecast, following a warning from China that it will [...]
Sadiq Khan vows to join local authority legal action against Heathrow third runway June 21, 2018 Sadiq Khan has thrown his weight behind legal action lodged by local council against Heathrow’s third runway if it is approved by parliament in a crunch vote next week. The mayor of London, who has long been a Heathrow sceptic, said he was opposing the government’s plans because they failed to allay his concerns over [...]
M&S and Microsoft launch strategic partnership June 21, 2018 Marks & Spencer is teaming up with Microsoft in a bid to shake off its reputation as a digital laggard. A strategic partnership between the two companies will focus on testing the integration of Microsoft artificial intelligence (AI) tech into M&S stores and wider operations. Today’s announcement comes a day after a former M&S digital [...]
Bank of England holds interest rates but chief economist Andy Haldane turns hawk in 6-3 vote June 21, 2018 The Bank of England’s top economists today voted to hold interest rates steady, but with a reduced majority of six votes to three as chief economist Andy Haldane added his weight to the calls to tighten monetary policy. The change of vote from Haldane will heighten expectations from City economists that the Bank is preparing [...]
Trade minister Greg Hands quits over Heathrow expansion – the second minister in just over a week to resign from Theresa May’s government June 21, 2018 Theresa May has lost her second frontbencher in just over a week with trade minister Greg Hands resigning over the government’s plans to expand Heathrow. Hands, who is the MP for Chelsea and Fulham, announced he was stepping down shortly after the date of the vote was confirmed. He tweeted this morning: “As the government [...]
Burger King apologises for Russian promotion offering free burgers to women who get pregnant by World Cup stars June 21, 2018 Burger King Russia has apologised after it ran a marketing campaign offering women a lifetime supply of free meals if they got pregnant by football stars playing at the World Cup. The bizarre promotion was posted on a Russian social media website by Burger King on Tuesday, before being deleted after a public backlash. The [...]
Monzo has launched a web interface for life’s little emergencies June 21, 2018 Digital bank Monzo has today launched a lite web interface version of its mobile banking app, designed to be used in emergencies if you lose your phone or wallet. Before now, like most other digital banks, users could only manage their account from within the Monzo app on their mobile phone. “We’re building a bank [...]
Brexiters slam Single Market for goods suggestion as reports suggest it’s “100 per cent the direction of travel” June 21, 2018 Brexiters have slammed suggestions that Number 10 could be poised to push for a Single Market for goods, claiming it would bind the UK’s hands on future trade deals. Reports this morning suggested the idea – put forward by think tanks including Open Europe and the Centre for European Reform – was gaining traction in [...]
Passengers to suffer delays throughout the day following disruption caused by signalling outage near Luton June 21, 2018 Trains between Bedford and London that were delayed by a major signalling outage near Luton will not be running as normal until 3pm as the line suffers the knock-on effects of the problem. National Rail’s 9am update said it would take until 3pm for a good service to resume on all routes. Trains between London [...]
Vodafone to bring more 5G trials to London from October this year June 21, 2018 Vodafone will launch its own 5G trials in seven cities across the UK, including London, towards the end of this year. Customers in Birmingham, Bristol, Cardiff, Glasgow, Liverpool and Manchester will also be able to try out the new spectrum when trials are rolled out between October and December. Infrastructure work is already being completed [...]