Shares in British Airways owner IAG bounce as strike enters second day September 10, 2019 Shares in British Airways’ parent company IAG are up by more than five per cent this morning as the airline suffers its second day of strike action. Pilots who are members of the British Airline Pilots’ Association (Balpa) are into their second day of industrial action in an ongoing dispute over pay and working conditions. [...]
Staffers (and cricketers) named in May’s resignation honours September 10, 2019 Theresa May has named former colleagues, staffers and England cricketers in her list of resignation honours. Olly Robbins, the civil servant who acted as chief negotiator with the EU during her tenure, has been rewarded with a KCMG – making him a knight commander. The same honour has gone to May’s PPS George Hollingbery. Patrick [...]
Brexit: MPs vote to publish Downing Street team’s prorogation messages September 9, 2019 Government officials may be forced to hand over reams of private and personal communications, after MPs voted to back a motion put forward by Dominic Grieve tonight. Grieve, a former attorney general and bete noire for Number 10, told colleagues he had deployed the highly unusual method to seize texts, WhatsApp messages and emails to [...]
Treasury refuses MPs’ demands to publish Bank of England governor shortlist September 9, 2019 The Treasury has refused the demands of opposition MPs to publish the shortlist of candidates to be the next Bank of England governor, saying it “would not be appropriate” to name names. Read more: Mark Carney misses cut for IMF top job shortlist A group of 28 opposition MPs today called on chancellor Sajid Javid [...]
Barclays and Lloyds Banking Group reveal PPI balance sheet hit September 9, 2019 Two of Britain’s biggest banks warned of billion-pound costs from a rush of claims for mis-sold payment protection insurance (PPI) today. Barclays revealed after trading closed tonight that it was facing costs of up to £1.6bn following a bigger-than-expected stampede of complaints in the run-up to the 29 August deadline. Read more: How did banks [...]
Blazing success: British cannabis company raises £7.8m in funding round September 9, 2019 A leading British cannabis company has raised £7.8m in a Series A funding round as it prepares to launch an “aggressive strategy” to dominate the budding industry across Europe. Cannaray, which manufactures medical cannabis and consumer cannabidiol (CBD) products, also announced that it had bought Therismos – a company with licences to import, handle and [...]
Speaker pledges to step down on another dramatic day in Westminster September 9, 2019 Speaker John Bercow has confirmed he will stand down as early as tonight, and had a message for those working in Westminster: “We degrade parliament at our own peril”. Intervening in what promises to be a busy afternoon and evening, Bercow told MPs that he would stand down on Monday night if MPs backed Boris [...]
Sports Direct’s Mike Ashley makes move for Links of London September 9, 2019 Retail magnate Mike Ashley is hoping to ramp up his high street spending spree after putting in an offer for troubled jewellery group Links of London. The Sports Direct owner is tabling a bid to snap up the retail outlet, according to Sky News, which has reported that Ashley is one of two final bidders [...]
Pro-Kremlin party United Russia loses third of seats in Moscow elections September 9, 2019 Russia’s ruling party lost a third of its seats in a Moscow election over the weekend, suffering at the polls following mass public protests. United Russia, which supports President Vladmir Putin, suffered a string of defeats in the Moscow vote, although it remains on course to retain a majority. Read more: Russia threatens retaliation against [...]