Jeremy Corbyn defends Labour’s tax and spend plan November 26, 2019 Jeremy Corbyn has defended his party’s fiscal policies, doubling down on the promise that only the richest in society will pay for a Labour government’s spending plans. Labour’s manifesto has promised £83bn extra spending a year by 2023/24, which it says would be paid for by tax increases on corporations and the top five per [...]
Extinction Rebellion launches plan for ‘Twelve Days of Crisis’ November 26, 2019 Extinction Rebellion is gearing up for seasonal disruptive action that it has dubbed “Twelve Days of Crisis”. The climate action group’s latest plan is set to start on November 30 with a “Paint the Streets” event, before the 12-day demonstration begins at the start of next month. The protesters are expected to target headquarters of [...]
Longboat Energy IPO raises £10m in London debut November 26, 2019 Longboat Energy, a new North Sea oil company, today announced it had raised £10m in its initial public offering on London’s AIM. The company, which is led by the former leadership of Faroe Petroleum, priced the offering at 100p per share. Read more: China’s Sdic power to list in London for up to £640m Blue-chips [...]
London Stock Exchange shareholders give green light for $27bn Refinitiv deal November 26, 2019 The London Stock Exchange has been given an overwhelming nod from its shareholders to push ahead with a $27bn (£21bn) takeover of data giant Refinitiv. More than 99 per cent of voting investors backed the acquisition and supported the LSE’s plan to issue shares as a way of helping to finance the blockbuster move. Read [...]
White House ‘on lockdown’ over unauthorised aircraft November 26, 2019 The White House was put on lockdown this afternoon after unauthorised aircraft reportedly entered Washington D.C. airspace. CNBC reported that fighter jets were scrambled. Read more: Uber ban: London business groups mourn ‘dark day’ The lockdown lasted 20 minutes, with the North Lawn of the White House being cleared, according to NBC News. Reporters were [...]
Economists give Labour a boost by backing spending plans November 26, 2019 Labour’s economic credibility has received a boost this morning after a group of 168 economists signed a letter supporting the party’s plans for much higher government investment in the economy. Published in the Financial Times, the letter said Labour has “understood the deep problems we face,” which include “10 years of near zero productivity growth” [...]
Sports Direct to rebrand as Frasers Group as Mike Ashley attempts to elevate image November 25, 2019 Sports Direct International has announced it will rebrand as Frasers Group as retail tycoon owner Mike Ashley attempts to improve the company’s image. The proposed rebrand, which will be voted on by shareholders on 16 December, follows the announcement that the company is planning to launch a chain of of luxury high street stores named [...]
No emissions peak in sight as greenhouse gas levels hit record high in 2018 November 25, 2019 The levels of greenhouse gases in the atmosphere have hit a new record high, according to new data from the World Meteorological Organisation (WMO). The WMO greenhouse gas bulletin showed that average concentrations of carbon dioxide reached 407.8 parts per million in 2018, up from 405.5 parts per million in 2017. Read more: Coal powered [...]
UK marketing budgets hit five-year low as Brexit uncertainty weighs November 25, 2019 Marketing budgets at UK firms have fallen to their lowest level in more than five years as ongoing political uncertainty continues to take its toll. On average, marketing budgets slipped to 9.3 per cent of overall company revenue this year, down from 11.4 per cent in 2018, according to research firm Gartner. Read more: AI [...]