Davos 2018: Chancellor Philip Hammond slammed over “grave error” for saying he wants “modest” change after Brexit January 25, 2018 Philip Hammond prompted a major backlash from Tory backbenchers today, after he told Britain’s biggest business group that Brexit would involve “very modest” changes to the status quo. The Remain-leaning chancellor told a CBI lunch at Davos that we could maintain “highly aligned regulatory systems” and “the closest possible future relationship between the EU and [...]
Tottenham manager Mauricio Pochettino rebukes Arsenal boss Arsene Wenger January 25, 2018 Tottenham manager Mauricio Pochettino has stoked the rivalry with Arsenal by rebuking opposite number Arsene Wenger for appearing to suggest Spurs get too much praise. Pochettino said Wenger had “made a mistake” in making unflattering comments on the performances of other clubs, adding that he should only “talk for himself and for Arsenal”. In remarks [...]
Lords flex their muscles as EU Withdrawal Bill returns January 25, 2018 A group of Lords will next week demand that the government amend its “constitutionally flawed” EU Withdrawal Bill, as it returns for its second reading. The Constitution Committee is planning to publish its third report on the controversial bill on Monday, one day before the latest debate stage begins. Although the full details have not [...]
Pound sterling rises to yet another post-Brexit vote high against the dollar (GBPUSD) January 25, 2018 The pound briefly nosed above $1.43 in early trading, a post-Brexit vote high, as the euro held a three-year high against the dollar ahead of the European Central Bank’s (ECB) first meeting of 2018. The pound rose as high as $1.4326 in morning trading, while the euro breezed to $1.2458, having risen to its highest [...]
Davos: Theresa May takes aim at bitcoin and “appalling” Presidents Club behaviour January 25, 2018 Theresa May has said Britain and governments around the world should be looking “very seriously” at the implications of bitcoin. During an interview with Bloomberg, the Prime Minister said the cryptocurrency, which has plunged in value in recent weeks, should be monitored over fears it could be being used by criminals. Later today, May will [...]
Easyjet has named WeTrip, Car and Away and FlightSayer as the travel startups it is backing for a Founders Factory accelerator programme January 25, 2018 Easyjet has announced the latest budding startups chosen to take part in its travel tech accelerator programme, with WeTrip, Car and Away and FlightSayer its picks. Back in October 2016, Easyjet announced a strategic investment into accelerator and incubator Founders Factory. As part of the partnership, EasyJet and Founders Factory will support the growth of [...]
Fuller, Smith and Turner posts “solid” numbers as consumers pick premium pubs January 25, 2018 London brewery and upmarket pub group Fuller, Smith and Turner delivered a “solid performance” in an update this morning. In the 42 weeks to 20 January, like-for-like sales across managed pubs and hotels grew three per cent, while profits from tenanted inns were up two per cent. Beer and cider volumes were flat. Read more: [...]
Satellites will begin searching for lithium in Cornwall amid growing demand for batteries January 25, 2018 Satellites will soon be scanning the west country for mineral deposits as the hunt for lithium steps up a gear. After securing £850,000 of funding from the government agency Innovate UK, Satellite Applications Catapult is leading a study together with miner Cornish Lithium to discover whether the mineral, which is a critical component of batteries, [...]
Brent crude oil price hits $71 a barrel for the first time since 2014 January 25, 2018 The price of Brent crude oil broke the $71 per barrel level today for the first time since 2014 after US crude inventories fell for the 10th week in a row and the US dollar weakened. Brent crude, the international benchmark, was trading up 0.47 per cent at $70.86 a barrel at the time of [...]
Applying for finance: The five common mistakes made by startups January 25, 2018 When you decide to apply for a loan to kick-start your firm’s growth, it’s a daunting task as much as it is an exciting one. Essentially, you’re putting your business out there and opening it up to potential scrutiny. This means you have to find a balance between making your business an attractive proposition, while [...]