Ryanair suffers shareholder revolt over pay report September 19, 2019 Ryanair is in the grip of an investor revolt after half of shareholders voted against a bonus scheme for boss Michael O’Leary that could see him earn £88.56m over five years. Just over 50 per cent of the airline’s shareholders voted for Ryanair’s remuneration report, in which Ryanair was seeking approval for a new long-term [...]
Westminster needs to do better by the City September 19, 2019 One London-based banker says that on his weekly journey to and from Frankfurt, the plane going to Germany is often twice as full as the one coming back. Such anecdotes, exaggerated though they may feel, nonetheless underline the creeping sense of anxiety over London’s global status. Read more: London holds on to number two spot [...]
MPs urge clarity from Sajid Javid over appointment timetable for Bank of England governor September 18, 2019 An influential group of MPs has demanded a timetable from the chancellor for the appointment of the next Bank of England governor. Following reports that the successor to Mark Carney is not likely to be decided by the current autumn deadline, the Treasury committee has today written to Sajid Javid asking him to confirm whether [...]
Short-term let adverts banned from Tube following outcry September 18, 2019 Adverts that promoted short-term lettings in the capital have been banned from the Transport for London (TfL) network following criticism from campaigners. London mayor Sadiq Khan was urged to crack down on adverts across the Tube by firms that encouraged landlords to flout the 90-day annual limit for short-term lettings in London. Read more: Overcrowding [...]
President Trump names Bolton replacement September 18, 2019 Donald Trump has named Robert O’Brien, the country’s chief hostage negotiator, as his new national security adviser. O’Brien replaces John Bolton, who the US President sacked last week after the pair fell out over Iran and other tactics. Trump announced the news by tweet, telling his followers: “I have worked long & hard with Robert. [...]
PM confronted by angry father on hospital visit September 18, 2019 Boris Johnson was confronted by an angry father during a hospital visit today, telling him “the NHS has been destroyed”. The Prime Minister was on a walk-about of Whipps Cross maternity ward, in East London, when the man approached him to complain about lack of resources at the hospital. “There are not enough people on [...]
‘Sobering and devastating’: Lloyd’s of London bosses speak out on sexual misconduct claims September 18, 2019 Top bosses at Lloyd’s of London have expressed deep regret over a swathe of sexual misconduct allegations that have blighted the historic insurance market’s reputation. The chairman and chief executive of Lloyd’s both said this morning that revelations of sexual harassment and assault against women at the firm had been devastating. Chairman Bruce Carnegie-Brown told [...]
Cummings cements power over ministerial aides September 18, 2019 Boris Johnson’s top aide Dominic Cummings has handed himself more power over ministers’ advisers, as part of ongoing efforts to centralise control. Special advisers, known as Spads, were this week sent new employment contracts stating that disciplinary matters rest “with your appointing minister and the Prime Minister’s chief of staff”, according to The Times. Previously, [...]
Engineer killed working on travelator at Waterloo station September 18, 2019 An engineer has been killed while working on a moving walkway at Waterloo station. A police investigation is currently underway into the incident, which occurred in the early hours of this morning. Read more: Parcel bombs found at Waterloo linked to devices sent to British Army A one-way system has been put in place, with [...]
Brexit: Juncker blasts PM for not offering written proposals September 18, 2019 The President of the European Commission has called for “operational proposals in writing” to avoid the increasingly “palpable” risk of a no-deal Brexit. Speaking this morning, Jean-Claude Juncker said he has “no emotional attachment” to the Irish backstop – a softening towards the EU’s position on the matter. Instead he said he would “stand by [...]