Helena Morrissey among candidates in running for Bank of England governor job September 22, 2019 Prominent City veteran Dame Helena Morrissey is in the race for the top job as Bank of England governor. The high-flying financier could become Threadneedle Street’s first female boss after making it into a shortlist of candidates being considered to replace Mark Carney next year. Read more: Big banks shift just 1,000 jobs since Brexit [...]
Treasury rebuffed TfL bid for Piccadilly line funds in spending round September 22, 2019 Transport for London (TfL) asked the government for funds for the Piccadilly line signalling upgrade in the recent spending round but was left empty-handed, City A.M. understands. TfL is said to be disgruntled at the lack of funds it received from the Treasury in the recent one-year spending round announced by chancellor Sajid Javid earlier [...]
Dominic Raab hints parliament could be suspended for a second time September 22, 2019 Foreign secretary Dominic Raab has refused to rule out proroguing parliament for a second time. The Supreme Court, the UK’s highest court, is due to hand down its ruling on two cases lodged against Boris Johnson’s decision to suspend parliament. Read more: Brexit negotiations are moving forward with momentum, says Stephen Barclay One is an [...]
Jeremy Corbyn dismisses rumours he is ready to stand down as ‘wishful thinking’ September 22, 2019 Jeremy Corbyn has said he will lead the Labour party into the next general election following speculation that he wanted to stand down. The Labour leader dismissed rumours he wanted to stand down as “wishful thinking by some people”. Read more: Motion to oust deputy leader Tom Watson withdrawn after backlash He said he was [...]
Key Labour aide Andrew Fisher resigns September 22, 2019 One of Labour’s most senior aides has announced he will resign at the end of the year, saying he does not think the party will win the next election. Andrew Fisher, Labour’s head of policy who wrote the party’s most recent manifesto, said he will leave his post by the end of the year “to [...]
Big banks shift just 1,000 jobs since Brexit vote, EY reports September 20, 2019 Just 1,000 jobs within the big banks have left the City since Brexit, a new report from EY has found. According to the accountancy giant, among the large investment banks monitored in its tracker under 1,000 jobs have already relocated to the continent. Read more: Worldwide climate strikes set to start The figure represents 15 [...]
FTSE 100: Stocks muted as investors keep eye on Brexit talks and US-China trade war September 20, 2019 European markets have remained muted this morning as traders keep an eye on US-China relations and Brexit trade talks. European stocks opened quietly this morning, with the FTSE 100 and Dax both starting slightly down. Rolls Royce led the blue-chip fallers as shareholders wobbled over the company’s longer-than-expected problems with its Trent 1000 engines. Read [...]
Thomas Cook share price crashes as lenders demand extra £200m to seal rescue deal September 20, 2019 Thomas Cook’s share price plunged more than 15 per cent in early morning trading after it confirmed lenders are demanding an extra £200m as part of efforts to rescue the world’s oldest holiday company. The embattled travel operator said today that investors want £200m to finalise a restructuring strategy, coming on top of a further [...]
Legal Q&A: I own a leasehold flat. Can my landlord charge me £5,000 to remove an inside wall? September 20, 2019 Carrying out works to your flat and finding out whether or not your landlord is entitled to charge a premium or other costs is a very common problem. The answers will lie in your lease. Generally, you need to check what it says with regard to these two points: Firstly, does your lease permit you [...]
Google plugs €3bn into European data centre expansion September 20, 2019 Google is set to pour another €3bn into European data centres over the next two years as it moves to expand its reach across the continent. The money includes a fresh €600m for Finland’s Hamina data centre, bringing Google’s investment in the location to €2bn since 2009. Read more: Review: Why the Google Nest Max [...]