On the block: Goals goes up for sale in wake of £12m fraud accusations August 29, 2019 Embattled five-a-side football operator Goals has put itself up for sale this morning, following a torrid six months that has been clouded by accusations of tax fraud. Goals Soccer Centres, which is part owned by retail magnate Mike Ashley, has said today that it is inviting offers for both the business and the assets belonging [...]
Brexit latest: Govt whip resigns as Ruth Davidson confirms she’s out August 29, 2019 Government whip Lord Young has resigned following the Prime Minister’s decision to prorogue parliament in the run-up to Brexit. The move came as Ruth Davidson confirmed her decision to quit as leader of the Scottish Conservatives. Read more: Boris’ Brexit blindside – what happens next? Young this morning wrote to the Leader of the House [...]
Swedbank appoints new CEO after money-laundering allegations August 28, 2019 Swedbank has appointed a new chief executive as it attempts to rebuild confidence in the bank after it became embroiled in a money-laundering scandal. Jens Henriksson, the chief executive of insurance group Folksam, will take over from interim boss Anders Karlsson who stepped in after Birgette Bonnesen was dismissed earlier this year. Read more: Swedbank [...]
Brussels warns over PM’s ‘sinister’ Brexit move August 28, 2019 The EU has warned that Boris Johnson’s move to prorogue parliament ahead of the Brexit Halloween deadline could increase the chances of a no-deal. The Queen today agreed that parliament could be suspended, or prorogued, from mid-September to 14 October, when she will give a new Queen’s Speech. The move, which has reduced the number [...]
City reacts as no-deal Brexit risk looms and pound staggers August 28, 2019 As the political feud intensified in Westminster this afternoon over Boris Johnson’s decision to suspend parliament, over in the Square Mile investors have been reacting to the latest twist in the Brexit drama. The Prime Minister’s plans to suspend parliament sent the pound sliding, while shares in UK airlines and housebuilders – which are typically [...]
Brexit: Queen approves Boris Johnson’s prorogation request August 28, 2019 The Queen has approved the Prime Minister’s request to suspend parliament for an extended period, reducing the amount of time MPs will sit before the Brexit deadline. The Privy Council, represented by leader of the House of Commons Jacob Rees-Mogg, chief whip Mark Spencer and Baroness Evans of Bowes Park, flew to Balmoral this morning, [...]
Global stock markets dragged down as recession warning lights flash August 28, 2019 US stock markets have opened lower as a recession warning light continues to flash over the American economy. Read more: Sterling could hit 35-year low on no-deal Brexit worries They followed their European counterparts, which were also affected by news that UK Prime Minister Boris Johnson is set to suspend parliament in what critics are [...]
Bechtel removes legal block to allow HS2 to sign £1.3bn contract August 28, 2019 American engineering giant Bechtel has withdrawn its legal bid to prevent HS2 signing a contract for one of its key London stations. HS2 has been unable to sign a £1.3bn contract for Old Oak Common station with Balfour Beatty, Vinci Construction and Systra ever since rival bidder Bechtel launched a legal challenge over the entire [...]
Brexit turmoil takes toll on FTSE housebuilder share prices August 28, 2019 Britain’s housebuilding stocks fell across the board this morning as Brexit turmoil dented investor confidence in the property sector. FTSE developer giants including Berkeley Group, Taylor Wimpey and Persimmon all suffered a drop in their share price as markets reacted to the news that Boris Johnson is planning to suspend parliament next month. Read more: [...]
Brexit: Prime Minister asks Queen to suspend parliament in September August 28, 2019 Boris Johnson has asked the Queen to suspend parliament for more than a month, reducing the amount of time that rebels have to stop a no deal Brexit. The Prime Minister this morning requested that the Queen end the current parliamentary session “in the second sitting week in September” and return on 14 October, when [...]