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 [...]
Butlin’s owner Bourne Leisure plans bid for Sykes Holiday Cottages October 22, 2019 Bourne Leisure Group, the owner of Butlin’s and Haven Holidays, is planning to make a bid for rental property provider Sykes Holiday Cottages. The company is expected to submit a bid for the holiday rental chain before the deadline tomorrow, Sky News reported. Read more: Micro Focus shares sink as Open Text denies it might [...]
Brexit latest: Oliver Letwin urges MPs to back programme motion October 22, 2019 Oliver Letwin has urged MPs to back the government on tonight’s programme motion as “the least of the evils”, after the Prime Minister threatened to pull the entire Brexit bill if he was defeated. Introducing the Brexit bill, formally called the Withdrawal Agreement Bill, Boris Johnson this afternoon told MPs he would abandon the bill [...]
Crossrail at risk of facing further delays October 22, 2019 Crossrail is increasingly likely to face further cost blowouts and delays, according to a new report. The £15.9bn underground rail line was due to open in December 2018, but now has a target date of between October 2020 and March 2021. Read more: Crossrail to renegotiate pay with Bechtel However, a new report from Jacobs [...]