Why caution on Hong Kong is paying dividends October 24, 2019 | Sponsored Prudent investors will have been cautious on Hong Kong for some time, says Henderson Far East Income Fund Manager Mike Kerley; with Asia’s income growth coming from elsewhere. For anyone with an interest in the Asian growth story, the scenes in Hong Kong are very worrying. While no one could have foreseen the scale and [...]
More details emerge in Essex lorry death case October 24, 2019 New details have emerged about the movements of a lorry that was found in Essex yesterday containing the bodies of 39 people. The Belgian Federal Public Prosecutor’s Office today said it had opened a case into the deaths of the 39 people who were found yesterday at Grays in Essex. According to the prosecutor, the [...]
Self-driving startup FiveAI launches commuter trials on London streets October 24, 2019 British startup FiveAI has today announced the launch of commuter research trials for its self-driving car technology, alongside motor insurance giant Direct Line. As part of the Streetwise Consortium, which also includes TRL, a 19km self-driving research route featuring human passengers will be launched in Croydon and Bromley to test out the technology. The invite-only [...]
Metro Bank swings to loss in third quarter October 23, 2019 Embattled high street lender Metro Bank swung to a loss in the third quarter of this year, the bank announced hours after its chairman unexpectedly quit the firm months ahead of his planned exit. Metro Bank reported an underlying loss before tax of £2.2m in the three months to 30 of September compared to £6.7m [...]
Former Thomas Cook boss says she was forced out over digital direction October 23, 2019 A former Thomas Cook chief executive has said disagreements with the company’s chairman over the future of the company led to her effective dismissal in 2014. Harriet Green told the Business, Energy and Industrial Strategy Committee today she was “incredibly sad” when she was pushed out by former chairman Frank Meysman after three years in [...]
Boeing’s profits slump 51 per cent after 737 Max ban October 23, 2019 Boeing expects its 737 Max will return to the skies before the new year it said today, after revealing net earnings slumped 57 per cent in its third quarter. Boeing attributed the fall in sales to the ban of the aircraft and a subsequent decline in sales. Read more: Boeing regrets leaked 737 Max Whatsapp [...]
Peer-to-peer lender Fundingsecure enters administration October 23, 2019 Peer-to-peer investment and lending platform Fundingsecure has gone into administration, the financial regulator announced. Fundingsecure operated a peer-to-peer lending platform that facilitated crowdfunded loans and pawn-broking style loans secured against valuable items. In a statement on the company’s website, Fundingsecure said its board of directors had resolved to place the firm into administration today. CG [...]
Brexit latest: Brussels figures edge towards backing 31 January extension October 23, 2019 Two key Brussels figures have indicated they would back a full extension to the Brexit process, until 31 January. The move comes as Labour confirms that a three month delay would be long enough for the party to back an General Election. Leo Varadkar, Irish Taoiseach, spoke with Donald Tusk this morning, where he backed [...]
Design flaws linked to Boeing’s Lion Air crash, families of victims told October 23, 2019 Design troubles in Boeing’s 737 Max have been linked to the crash of a Lion Air flight which killed almost 200 people. Indonesia has reportedly shared a report into the details of a deadly crash with the families of victims, revealing that the Lion Air 737 MAX’s Maneuvering Characteristics Augmentation System (MCAS) was based on [...]
Ulez charge drastically cuts London’s air pollution October 22, 2019 London’s pollution charges have significantly decreased levels of toxic gas emitted by vehicles, according to new figures. Mayor of London Sadiq Khan first introduced the Toxicity Charge in October 2017, which forced drivers of older diesel and petrol cars to pay £10 a day to drive in parts of London. Read more: Ulez should include [...]