UK will not be able to discuss trade this year if no concessions are made in next two weeks, warns Michel Barnier November 10, 2017 Britain has been given an ultimatum by the EU’s chief Brexit negotiator Michel Barnier. Following another round of talks with David Davis and his team, Barnier said that the UK now has two weeks to make concessions if it wants to make any progress by December. The UK needs to clarify what it will pay [...]
Fawcett Society warns of slipping backwards on gender pay gap progress November 10, 2017 Young women are facing an even bigger pay gap than their predecessors, a leading campaign group has warned. Campaign groups are today marking “Equal Pay Day”, which they say is the day women begin to work for free until the end of the year due to the pay gap between men and women. The date [...]
EasyJet share price edges up as it hires Tui’s Johan Lundgren as its new CEO to replace Carolyn McCall November 10, 2017 EasyJet has appointed a new chief executive to replace Carolyn McCall when she leaves at the end of this month. Shares in the company rose 0.7 per cent to 1,279.5p after it said Johan Lundgren, currently a senior executive at Tui, will take over from McCall when she departs to lead ITV. McCall will step [...]
Builders and headhunters under financial pressure as insolvencies edge up – but there could be hope for retailers November 10, 2017 The number of firms collapsing into administration rose in the third quarter, according to notices filed with the Britain’s official public record. Analysis of the London Gazette revealed some 302 companies appointed administrators during the third quarter, up from 297 in the second quarter and 295 in the same period 12 months ago. The steady [...]
Donald Trump will not meet with Vladimir Putin in Vietnam, says Sarah Huckabee Sanders November 10, 2017 After much speculation, it turns out Donald Trump will not have a formal meeting with Vladimir Putin while he is in Vietnam, despite both leaders being in the same place at the same time. The Washington Post reported that Sarah Huckabee Sanders, the White House press secretary, had told reporters the meeting will not happen [...]
Uber has lost its appeal on the employments rights of its drivers November 10, 2017 Uber has lost its appeal on the employments rights of its drivers, the GMB union has said. The company was appealing an employment tribunal ruling that Uber drivers are entitled to basic workers’ rights. The Employment Appeal Tribunal (EAT) rejected Uber’s argument that it is merely an agent that connects drivers and passengers, and confirmed [...]
Burberry shares continue to drop over UBS downgrade and lack of Christopher Bailey successor November 10, 2017 Burberry reported solid growth for the first half of the year yesterday, but its shares closed down almost 10 per cent at 1,787p. Investors were unconvinced by new CEO Marco Gobbetti’s ambitions to take the brand more upmarket, with optimism dented by memories of rival Mulberry’s failed move away from affordable luxury to a high-end [...]
UK industrial production was surprisingly strong in September November 10, 2017 The UK’s industrial production was surprisingly strong in September, pushed up by another bounce in the UK’s manufacturing industry. Industrial production rose 0.7 per cent in September, ahead of expectations of a 0.3 per cent rise. That was driven by a 0.7 per cent rise in manufacturing production, the Office for National Statistics (ONS) said, [...]
Support for Theresa May is actually increasing, YouGov poll suggests November 10, 2017 She may be facing higher-than-ever levels of political turmoil, but it turns out support for Prime Minister Theresa May is actually rising. A YouGov poll for The Times has suggested support for May as Prime Minister has risen by a point over the past month, while support for Jeremy Corbyn has fallen down two points. [...]
TP Icap struggles to get systems back up and running after being hit by network outage November 10, 2017 TP Icap, the world’s largest interdealer broker, is grappling to get its systems back up and running after being hit by a massive network outage. The blackout hit Tullett Prebon, part of the wider TP Icap group, at 4.50pm yesterday evening. In a short statement this morning the firm said: As of 7am GMT today, [...]