Redrow suffers shareholder revolt over chairman role and executive pay November 6, 2019 Housebuilder Redrow suffered a shareholder revolt at its annual general meeting today as around a third of investors voted against the appointment of its executive chairman and payment plans for senior management. At the meeting in central London today, 31.38 per cent of shareholders voted against the re-appointment of John Tutte as executive chairman, while [...]
General Election 2019: Boris Johnson pledges to create enterprise economy November 6, 2019 Boris Johnson has urged voters to back him in order to get parliament working “for you”. Speaking outside Number 10 after an audience with the Queen to officially dissolve parliament, Johnson said the choice was to “come with us – a government that believes in a dynamic economy – or vote for Labour, “the only alternative”. [...]
General Election 2019: Welsh secretary Alun Cairns resigns over rape trial allegations November 6, 2019 Welsh secretary Alun Cairns has resigned following allegations his former aide “sabotaged” the trial of a rape victim. Ross England made claims about the victim’s sexual history in an April 2018 trial which led to its collapse. Yesterday Cairns denied knowing about this, but the BBC claimed to have seen an email sent to him in August [...]
Brexit latest: EU tells Boris Johnson to propose new commissioner November 6, 2019 The EU Commission’s incoming president has written a letter to Boris Johnson, telling the Prime Minister she expects him to propose a new candidate for commissioner. The letter, sent by Ursula von der Leyen today, suggests Johnson put forward a female name. Commission spokeswoman Dana Spinant told reporters: “The president-elect has sent a letter to [...]
Competition and Markets Authority approves £1.4bn Unite Students acquisition of Liberty Living November 6, 2019 The UK competition watchdog has approved the £1.4bn acquisition of student accommodation provider Liberty Living by rival firm Unite Students. The Competition and Markets Authority announced today that it has decided not to escalate its investigation into the merger to a stage two inquiry after seeking comment from interested parties on whether the take over [...]
Morrisons takes fight over data breach liability to Supreme Court November 5, 2019 Morrisons will begin its final appeal to the Supreme Court this week after losing a landmark case over the liability of employers in staff data breaches. The supermarket giant lost an initial challenge at the Court of Appeal in October last year after a judge ruled that the supermarket was legally liable for a former [...]
Labour’s private jet ban plan makes ‘little sense,’ says industry November 4, 2019 The private aviation industry has criticised a Labour-backed proposal to impose a fully-fledged ban on private jets in the UK as soon as 2025 as making “little sense”. In a move which would remove London as Europe’s most active player in the industry should it come to fruition, shadow transport secretary Andy McDonald yesterday backed [...]
Wework rival IWG sells Swiss business for £94m November 4, 2019 Wework rival IWG has made its latest international divestment with the sale of its Swiss business in a deal worth £94m. IWG has sold its 38 flexible co-working locations in Switzerland to a joint entity owned by private banking group J. Safra Group and real estate investor P. Peress Group. Read more: IWG in talks [...]
Mothercare to appoint administrators for 79 UK stores November 4, 2019 Mothercare has confirmed it is preparing to appoint administrators to its UK retail arm later today in the latest blow to the British high street. The company announced this morning that a notice of intent to appoint administrators to Mothercare UK and Mothercare Business Services has been filed with the court. Read more: Mothercare warns [...]