Arqiva owners plan break-up of company after ditching £6bn float August 4, 2019 The investment firms behind telecoms mast giant Arqiva are said to be planning a break-up of the business, two years after they ditched a £6bn float. Read more: BT eyes £80m sale of legal software division Tikit as it focuses on full-fibre The move would see Arqiva’s TV and radio towers business split from its [...]
Government loses bid to throw out legal challenges against franchise snubs August 4, 2019 The government has lost a bid to strike out legal challenges from three rail firms that are contesting its handling of controversial franchise bids. Last week The High Court gave Virgin, Stagecoach and Arriva Trains the green light to challenge former transport secretary Chris Grayling’s decision to ban them from bidding for the East Midlands, [...]
Stephen Barclay urges Barnier to seek new mandate for Brexit talks to avoid no deal August 4, 2019 EU leaders must give their chief negotiator Michel Barnier a fresh mandate to change the withdrawal agreement if they do not want to end up with no deal, Brexit secretary Stephen Barclay has said. Barclay, who kept his position in Boris Johnson’s Cabinet overhaul, said MEPs in the European Parliament had changed since the European [...]
Competition watchdog will probe Salesforce’s massive $15.7bn takeover of Tableau August 2, 2019 Britain’s competition watchdog will investigate Salesforce’s $15.7bn (£12.4bn) buyout of Tableau Software, it said this morning. Salesforce completed the mammoth takeover yesterday, which is the biggest acquisition in the company’s history. Read more: Salesforce to buy Tableau Software in $15.7bn deal But the Competition and Markets Authority (CMA) has opened an investigation into whether the [...]
British Airways to fight data breach fine as parent company profits stay flat August 2, 2019 British Airways will “vigorously defend itself” against its £183m fine by authorities for a data breach in which more than 400,000 customers’ information was stolen. The airline this morning said it would use all means at its disposal to avoid the record-breaking penalty. Read more: British Airways owner set for record £183m fine after 2018 [...]
Two thirds of adults fear AI will take jobs August 2, 2019 The public is concerned about the impact of artificial intelligence on their jobs and personal data, while some fear the technology could ultimately be responsible for the end of humankind, a new survey has revealed. 67 per cent of UK adults worry that AI will result in machines taking peoples’ jobs, according to a study [...]
Freeports: Government plans tax-free hubs aimed at boosting trade post-Brexit August 1, 2019 Plans to bolster Britain’s international trade post-Brexit by creating up to 10 major tax-free zones are being drawn up by the government. New international trade secretary Liz Truss has set up a panel to advise the government on the establishment of as many as 10 Singapore-style so-called ‘Freeports’. Read more: Stock markets edge up after [...]
Horse Racing Betting Tips: Beat Le Bon or What’s My Story can secure Golden Mile glory August 1, 2019 WE HAVE already seen some incredible horses at Goodwood this week and this afternoon Battaash gets the opportunity to match Stradivarius’ feat by winning at this meeting for a third straight year. Charlie Hills’ speedball is ideally suited to this downhill track and as long as he doesn’t boil over in the preliminaries, the Group [...]
Laterooms collapses after failure to sell business August 1, 2019 Holiday bookings site Laterooms has collapsed into insolvency after its parent company Malvern Group ran out of cash before it could secure a sale. Last month Malvern appointed KPMG to undertake an accelerated sales process after Cox & Kings India, which owned a 49 per cent stake in Malvern, defaulted on loan repayments. The default [...]
Chinese army in Hong Kong releases anti-protest video August 1, 2019 China’s army in Hong Kong has released a video that shows its forces engaged in riot control, in what has been seen as a warning to protesters in Hong Kong. The video, which was released yesterday and is now circulating on social media, contains captions such as “All consequences are taken at your own risk” [...]