Debenhams prepares to ask lenders for extra £50m lifeline July 18, 2019 Debenhams is preparing to ask lenders for an additional £50m lifeline as it approaches the critical Christmas trading period. The department store, which was taken over by its lenders after it fell into administration three months ago, could require access to additional borrowing facilities as soon as this autumn, Sky News reported. Read more: Debenhams [...]
‘Abusive’ Jet2 passenger fined £85,000 and given lifetime ban July 18, 2019 An “abusive” passenger who attempted to open aircraft doors while on board a Jet2 flight has been fined more than £85,000 and given a lifetime ban by the airline. Chloe Haines has been accused of “aggressive, abusive and dangerous behaviour” that forced the Turkey-bound flight to be diverted to Stansted on 22 June. Read more: [...]
Growing pains: Asos share price plunges after fresh profit warning July 18, 2019 Online fashion giant Asos suffered a double-digit drop in its share price this morning after warning that profits will be lower than expected this year, citing new troubles in its international warehouse facilities. In its second profit warning in just over six months, the firm said today that it was reducing its forecasts as it [...]
Tube delays hit commuters in miserable rush hour July 18, 2019 Commuters face a miserable journey to work this morning with severe delays affecting the Jubilee Line. Read more: Revealed – London’s most stressful Tube stations The Jubilee Line is plagued with severe delays between Waterloo and Stratford after engineers had to deal with a faulty train on the track, hitting thousands of east London passengers. [...]
Ursula von der Leyen: What kind of EU leader can the UK expect? July 17, 2019 After months of deliberation, the EU parliament has now elected a new successor to Jean-Claude Juncker, the larger than life head of the EU Commission who has been navigating Brexit’s choppy waters since 2016. Ursula von der Leyen, a former German defence minister and key ally of Angela Merkel, will soon lead the Brexit negotiations [...]
Theresa May slams uncompromising populists in final major speech as PM July 17, 2019 Theresa May hit out at the growing “uncompromising absolutism” of politics as she reflected on her failure to deliver Brexit in her final major speech as Prime Minister. In what is set to be her valedictory address, May called for political discussion to move from the extreme fringes, and warned that “words have consequences”. She [...]
Thunderstorms set to hit Brits over the weekend July 17, 2019 London looks set to escape the worst of the bad weather this weekend as thunderstorms will batter parts of the country, Met Office experts have said. Stronger winds and spells of heavy rain are expected to hit many in the UK on Friday, the Met Office said. Read more: Hottest day of the year forecast [...]
Chris Grayling admits Cabinet overruled him on Eurotunnel ferry settlement July 17, 2019 Transport secretary Chris Grayling has said he personally wanted to fight Eurotunnel’s legal challenge against the government’s no-deal Brexit ferry strategy in court but that Cabinet collectively decided to settle it. In what was most likely his last appearance before the Transport Select Committee, Grayling was asked why the Department for Transport (DfT), which he [...]
Philip Hammond says it is ‘terrifying’ Jacob Rees-Mogg is close to being in the next government July 17, 2019 Philip Hammond has warned it is “terrifying” that leading Brexiter Jacob Rees-Mogg will have influence in a future government during a row over leaving the EU without a deal. The Chancellor issued the scathing assessment of his Conservative colleague after Rees-Mogg penned an article downplaying suggestions a no-deal Brexit would make the UK poorer. Hammond [...]
Activist investor Elliott takes stake in Saga July 17, 2019 US activist investor Elliott has taken a stake in troubled tourism and insurance firm Saga in a move that could put pressure on management to boost returns. Shares in Saga were up 9.18 per cent this afternoon after it was revealed that Elliott Capital Advisors has disclosed a 5.14 per cent stake in the company. [...]