British pound soars after Boris Johnson suffers Brexit blow September 4, 2019 The pound soared against the dollar in early trading today after MPs left Boris Johnson’s Brexit strategy in tatters last night. Sterling climbed 0.62 per cent against the USD dollar to hit $1.2163 after 21 Tory MPs rebelled against the Prime Minister in a vote that could force him to seek a Brexit extension. Read [...]
The 21 Tory MPs Boris Johnson has sacked from the party after Brexit defeat September 4, 2019 Boris Johnson’s historic showdown with MPs ended last night with 21 Tory rebels being expelled from the party. The Prime Minister, who lost a crucial vote yesterday that gives the Commons control of the order paper, swiftly sacked 21 MPs who rebelled against him in the battle to prevent a no-deal Brexit. Among the MPs [...]
Housebuilder Barratt Developments defies Brexit jitters as profits climb September 4, 2019 Barratt Developments shrugged off concerns of a housing market slowdown today after reporting a rise in pre-tax profits for the year to June 2019. The figures Britain’s largest housebuilder, which has been reducing its exposure to Central London’s subdued property market, posted profits before tax of £910m in the 12 months to 30 June, rising [...]
March of the moderates: PM loses key Brexit vote to rebels September 3, 2019 More than 20 Tory MPs have defied Boris Johnson and his threats of deselection to pave the way to block a no-deal Brexit. Parliamentarians this evening voted 328-to-301 in favour of a motion giving MPs control of the order paper tomorrow. That means they can debate, and potentially pass, a bill that will force Johnson [...]
Goldman Sachs veteran Marty Chavez heads for the exit September 3, 2019 Goldman Sachs veteran Marty Chavez is stepping down from the global bank. Read more: Deutsche boss to buy shares in bank Chavez, who has served at the US banking giant for almost two decades, is set to retire as global co-head of the securities division at the end of this year. Chavez, who joined the [...]
Brexit: Tory MP Phillip Lee defects to Lib Dems to kill Boris Johnson’s majority September 3, 2019 Boris Johnson has lost his working majority of one in parliament, it appears, as former justice minister Phillip Lee abandoned his seat in the Commons to join the Liberal Democrats today. The MP, an erstwhile critic of Brexit, is set to vote against a no-deal Brexit in today’s crunch parliament vote. Read more: Brexit showdown: [...]
Brexit: Boris Johnson urges MPs to vote down ‘Corbyn’s Surrender Bill’ September 3, 2019 MPs have been sent a briefing from Number 10, instructing them to stand with the government instead of what it dubs “Corbyn’s Surrender Bill”. Read more: Everything you need to know: Your guide to today’s Brexit showdown The email, which has been seen by City A.M., says voting with the opposition over the next two [...]
European Space Agency spacecraft in near miss with Space X satellite September 3, 2019 A European Space Agency (ESA) spacecraft was forced to perform an emergency manoeuvre to avoid a collision with a satellite operated by Elon Musk’s Space X. The ESA said its Aeolus Earth observation satellite fired its thrusters to move it off a collision course with a satellite in Space X’s Starlink constellation. Read more: Watch [...]
HS2 ‘still vital’ despite ballooning £88bn price tag, say businesses September 3, 2019 HS2 is at risk of costing the public £88bn and could be delivered seven years behind schedule, but businesses still believe the project is worth the time and money. Allan Cook, the chairman of HS2, today revealed his cost and timetable projections for the troubled high speed line, including that the project is could now [...]
Downing Street denies plot to trick MPs over election date September 3, 2019 Downing Street has denied there is a plot afoot to trick MPs into voting for a pre-Brexit General Election, only to later postpone it until after Halloween. A government source today said it was “tin foil hat stuff” to suggest that Boris Johnson would shift the date of the election, which is likely to be [...]