Revealed: The five most expensive rail routes into London December 11, 2019 Overpriced tickets? Frequent delays? Nowhere to sit? For the millions of people who take the train into London every day, this probably sounds familiar. And to add insult to injury, the five most-expensive rail commutes are for journeys into London – with some passengers paying more than £500 a month just to get into work. [...]
Amazon’s Deliveroo investment raises competition concerns, watchdog finds December 11, 2019 Amazon’s proposed investment in food delivery platform Deliveroo has been thrown off course after the competition watchdog said the deal raises serious concerns. The Competition and Markets Authority (CMA) today said the investment may require an in-depth investigation. Amazon led a $575m funding round in Deliveroo in May, however the CMA has put the brakes [...]
Only 10 per cent of UK chief executives have financial incentives to tackle climate change December 11, 2019 Only a tenth of UK chief executives have financial incentives to promote environmentally friendly business practices, new research finds. A survey from Belgium’s Vlerick Business School says that only six per cent have bonuses with specific performance indicators related to environment. Read more: TCI threatens investors over climate change as pressure mounts on sector Less [...]
Bird flu detected at chicken farm in Suffolk December 10, 2019 There has been an outbreak of bird flu at a chicken farm in Suffolk, government officials said today. It’s the first time the disease has been found in the UK since 2017. Read more: Suspected bird flu found in Lancashire The health body said that all the birds would be now be humanely culled and [...]
Poll predicts Tory majority of 28, halved from a fortnight ago December 10, 2019 In a further sign that the election polls are narrowing, a comprehensive poll conducted by YouGov suggested the expected Tory majority to be 28 – a significant fall from the 68 they predicted a fortnight ago. The final MRP poll of 2019 found that were the election to be held tomorrow, the Conservatives would be [...]
DEBATE: Will the FCA’s new rules make peer-to-peer investing safer? December 10, 2019 Will the FCA’s new rules that came into force this week make the peer-to-peer investment sector safer? YES, says Rhydian Lewis, chief executive of RateSetter. The FCA has raised the bar in key areas such as risk management, governance, and disclosure. Peer-to-peer (P2P) is not a savings product, but it should be a low-risk investment, [...]
Online retailer Koovs on brink of administration after failing to secure £6.5m funding December 10, 2019 India-focused online retailer Koovs announced it has applied for administration this afternoon after its biggest shareholder Future Lifestyle Fashions refused to invest an additional £6.5m into the company. London-listed Koovs saw its shares suspended today after it announced had been unable to secure alternative funding. Read more: Koovs hangs hopes on 2020 growth despite drop [...]
London Bridge attack: Jack Merritt’s father hits out at Boris Johnson for using son’s death to ‘score political points’ December 10, 2019 The father of Jack Merritt, who was killed in the London Bridge attack in November, has accused Boris Johnson of exploiting his son’s death for political gain. In his first television interview since the attack on 28 November, David Merritt told Sky News that instead of “a tragedy, Boris Johnson saw an opportunity.” Read more: [...]
Stocks in education firm RM plc slide as revenues stagnate December 10, 2019 Stocks in education software company RM plc are down more than three per cent in morning trading, after the company predicted revenue would stagnant for the year. RM’s predicts revenue for the 12 months to November rose by just £3m to £224, with profit before tax to tick up by £300m to £26.3m. Read more: [...]