PwC accused of conflict of interest over advice given to Thomas Cook October 20, 2019 PwC has been accused of a conflict of interest for advising Thomas Cook executives on their pay and bonuses while it was also the auditor of the now-defunct travel firm. The Big Four firm audited Thomas Cook’s accounts between 2008 and 2016. Its accounts show PwC also earned £4m providing “recruitment and remuneration” advice to [...]
Rory Stewart ‘doesn’t speak for London’: Lib Dems mayoral candidate October 20, 2019 Rory Stewart’s support for Brexit makes him unfit to be mayor of London, according to one of his 2020 opponents. Liberal Democrats mayoral candidate Siobhan Benita slammed Stewart for not backing the Letwin amendment in parliament yesterday. Read more: DEBATE: Does former Tory leadership hopeful Rory Stewart have a shot at becoming mayor? The successful [...]
Brexit: Government sticks firm to its October 31 deadline October 20, 2019 Senior cabinet ministers are insisting the UK will leave the European Union on 31 October, despite the prime minister’s letter to Brussels requesting an extension. Boris Johnson was forced by parliament to send the letter – which he left unsigned – to Brussels asking for an extension last night. It was accompanied by a second [...]
Competition is hotting up for corporate rentals October 18, 2019 The market for corporate rentals in London has never been more competitive, and having the right agent working with you is crucial to successful placements. In the third quarter of 2019, our dedicated Corporate Services team at Kinleigh Folkard & Hayward (KFH) carried out over 1,700 property searches for staff working for our corporate clients [...]
Facebook co-founder launches anti-monopoly trust October 17, 2019 One of Facebook’s co-founders has launched a $10m (£7.8m) anti-monopoly trust in an attempt to place extra scrutiny on big tech firms. Chris Hughes will launch the fund to support academic and policy research into market power. Read more: Facebook suffers a drop in brand value as consumer trust slides It will be a part [...]
TfL boss Mike Brown to resign in May October 17, 2019 Transport for London (TfL) boss Mike Brown is set to resign after four years in the post. TfL announced today the transport commissioner will be leaving the job after next year’s mayoral election in May. Read more: Mike Brown hits out at ‘bonkers’ TfL borrowing limits He will then become the first chair for the [...]
Juncker appears to rule out extension after Brexit deal agreed October 17, 2019 Jean-Claude Juncker appears to have ruled out any further extension to the Brexit process, after an 11th-hour deal was agreed this morning. The European Commission president told reporters in Brussels that the deal “means there is no need for any kind of prolongation”. Read more: Brexit deal agreed in Brussels – so what happens next? [...]
Johnson urges MPs to back Brexit deal as Juncker praises breakthrough for ‘peace and people’ October 17, 2019 Boris Johnson has urged MPs in Westminster to back his last-minute Brexit deal, ahead of a major showdown during a special session on Saturday. Standing alongside European Commission president Jean-Claude Juncker, the UK Prime Minister praised the 11th hour agreement as “a very good deal both for the EU and the UK”. Johnson described it [...]
Eurostar revenue ticks upward after a busy summer October 17, 2019 Eurostar has recorded a modest increase in third quarter revenues after its busiest ever August. The cross-channel rail company today reported a three per cent increase in sales revenue to £254m in the three months to 30 September. Read more: Eurostar tells passengers not to travel as heat causes train chaos This was on the [...]
PPI claims drive surge in company complaints October 17, 2019 More than 4m complaints were made to firms in the first half of this year, driven by a surge of payment protection insurance (PPI) claims. The UK’s financial watchdog has reported 4.29m complaints for the first six months of 2019, rising from 3.91m during the second half of last year. Read more: Banks struggle with [...]