Chinese power firm Sdic delays London listing on market conditions fears December 4, 2019 Leading Chinese power generation firm Sdic Power today announced it would delay listing 10 per cent of its shares as global depositary receipts on the London Stock Exchange (LSE) due to “market conditions.” In a statement, the company said it “believes this is a prudent decision and is in the best interests of its existing [...]
Over a hundred firefighters bring blaze at Brentford Travelodge under control December 4, 2019 A major fire at a Travelodge in Brentford has been brought under control, after more than 100 firefighters were dispatched to tackle the blaze. Firefighters were called to the blaze in the early hours of Wednesday morning. Around 160 guests and staff were evacuated, with no reports of injuries at this stage. Read more: Commuter [...]
Billionaire businessman Surinder Arora warns Labour tax plans could scare businesses away from UK December 3, 2019 Billionaire businessman Surinder Arora has hit out at Labour’s plans to increase taxation on corporations and wealthy individuals, saying the proposals could drive businesses and investors away from the UK. Arora – who came to the UK from Punjab at the age of 12 before establishing hotel operator Arora Group – warned a Labour victory [...]
Insurtech startup Cuvva secures £15m to move into long-term car insurance December 3, 2019 Insurtech startup Cuvva is to expand into long-term motor insurance, after raising £15m in a series A funding round. The move follows the recent appointment of former Lloyd’s of London chairman Bruce Carnegie-Brown as Cuvva’s chair. RTP Global, Breega and Digital Horizon joined as new investors, alongside Localglobe, Techstars Ventures, Tekton and Seedcamp. A number [...]
UN climate change summit opens in Madrid amid last chance warnings December 2, 2019 The UN Climate Change conference is underway in Madrid, as governments come together to take the next steps in the climate change process. Against a backdrop of a year of especially severe weather, the two weeks of talks offer delegates the chance to resolve outstanding issues from the Paris accord, such as rules for carbon [...]
General election 2019: Council taxes likely to rise more under Tories, says IFS December 2, 2019 Council tax rates are likely to rise more under a Conservative government than a Labour one, in order to cover local government costs, the Institute for Fiscal Studies has warned. The Tories have not allocated enough funding to meet local government requirements, even with a four per cent rise in council tax. Read more: Both [...]
Who will save our education system? Leave it to the entrepreneurs December 2, 2019 One of the most notable policies to come from the bouquet of manifestos put forward for the upcoming general election is Labour’s pledge to abolish tuition fees. They identify £57,000 as the figure for the average debt the poorest graduates are being left with. That’s a hefty debt figure for anyone to be carrying around, [...]
Commuters set for 27 days of misery as South Western Railway strikes start December 2, 2019 Workers on South Western Railway (SWR) have today begun a 27-day strike after talks between the RMT union and the train operator came to nothing. Commuters are set for extensive disruption throughout the Christmas period due to the action, which is the result of a long-running dispute about the role of guards on trains. Read [...]
General Election: Conservatives lead narrows in new polling December 1, 2019 Labour has narrowed the gap on the Tories in polling out today, with one showing the party’s lead now at 9 per cent. Today’s YouGov poll for the Sunday Times showed Labour had added increased their vote two points to 34 per cent since Wednesday, while the Conservatives were static on 43 per cent. Read [...]