Heathrow passenger numbers climb to record 39m July 23, 2019 Heathrow passenger numbers reached a record high of 38.8m in the first half of this year, a near two per cent increase on the previous year. The figures Profit before tax dropped at the airport dropped from £289m from the six months ended June 2018 to just £7m over the same period in 2019. Revenues [...]
Struggling Metro Bank drafts in two senior directors July 22, 2019 Under-fire lender Metro Bank has drafted in two new senior executives as the firm looks to revamp its reputation after a turbulent six months. The high street bank said this afternoon that it has appointed a new chief information officer and chief transformation officer following a major accountancy error that has rocked investor confidence. Read [...]
Department for International Trade to be given part of £14bn aid budget July 22, 2019 The UK’s £14bn aid budget is to be partially allocated to the Department for International Trade (DIT). The DIT, led by international trade secretary Liam Fox, will spend the funds on helping developing countries with issues such as securing trade and foreign investment. Read more: Liam Fox says UK needs a trade deal with Turkey [...]
Homebase buys Bathstore out of administration July 22, 2019 Homebase has bought Bathstore out of administration, however, hundreds of jobs remain at risk as 124 stores are facing closure. The company will take over 44 branches and the Bathstore website, and plans to open a “significant” number of concessions within its own stores over the next 18 months. Read more: Homebase closes in on [...]
Sainsbury’s partners with Deliveroo on pizza takeaway service July 22, 2019 Sainsbury’s has teamed up with Deliveroo to launch a takeaway pizza trial as the supermarket targets a slice of the expanding delivery market. Supermarkets are attempting to jump on the food delivery bandwagon as they seek new areas of growth. The UK’s food delivery market is worth £8.1bn, up 13.4 per cent since 2017, and [...]
Tory MP Charlie Elphicke charged with three counts of sexual assault July 22, 2019 Conservative MP Charlie Elphicke has been charged with three counts of sexual assault against two women, the Crown Prosecution Service (CPS) has revealed today. Read more: Government launches review into Britain’s financial rules post-Brexit A CPS spokesperson said: “The Crown Prosecution Service has today (Monday 22 July) charged Charles Elphicke, MP for Dover, with three [...]
BT reveals new City headquarters as it plans to move by end of 2021 July 22, 2019 BT will move its headquarters to a new site in the City following the £210m sale of its London offices last week. Read more: BT agrees £210m sale of London headquarters The telecoms firm said its new headquarters will be based in a new 320,000 square foot building near Aldgate East station at 1 Braham Street, [...]
Jo Swinson or Sir Ed Davey to be named next Lib Dem leader July 22, 2019 Jo Swinson or Ed Davey will be crowned the next leader of the Liberal Democrats later today, as Sir Vince Cable bows out after two years in the top job. The results of the Lib Dem leadership election, which Swinson is favoured to win, will be announced at about 4pm today. Read more: Lib Dems [...]
Boris Johnson likens Brexit to moon landings as Tory leadership voting enters final day July 22, 2019 Tory party members have until the end of the day to cast their vote in the leadership election, with Boris Johnson expected to be crowned the winner. Ahead of his likely coronation as Theresa May’s successor, Johnson issued a renewed call to solve the problem of the Irish backstop, the insurance policy designed to prevent [...]