Monsoon asks landlords to back rent cuts as part of rescue plan June 20, 2019 Monsoon Accessorize is planning to slash its rent bill for more than half of its stores, as it becomes the latest troubled retailer to turn to a controversial rescue plan in a bid to avoid collapse. The high street fashion chain is hoping landlords will back its planned rent cuts on 135 stores after offering [...]
Carbon chief: A green economy will be cheaper than you think June 20, 2019 The cost of ridding Britain of emissions by 2050 will not be as high as reported, the head of the Committee on Climate Change has said. His comments come after chancellor Philip Hammond claimed that the plans, adopted last week by the government, will cost the UK more than £1 trillion. Read more: Global banks [...]
UK arms sales to Saudi Arabia judged unlawful June 20, 2019 UK arms sales to Saudi Arabia have been declared unlawful by the court of appeal, in a major blow to both the government and the British defence industry. A landmark legal ruling today concluded that ministers made no proper attempt to assess whether Saudi Arabia had breached international humanitarian law over civilian casualties in Yemen. [...]
Police arrest fifth man in London Capital & Finance probe June 20, 2019 Police yesterday arrested millionaire businessman Paul Careless in connection with the collapse of mini-bond investment firm London Capital & Finance (LCF). He is the fifth person arrested as part of a Serious Fraud Office (SFO) investigation into LCF’s failure. An SFO spokesperson said: “On 19 June 2019, search warrants were executed at several properties in [...]
Hammersmith Bridge repair costs will not be known until August, says Sadiq Khan June 20, 2019 London mayor Sadiq Khan has said it will take until August for the costs of repairing the closed Hammersmith Bridge to be revealed. London Assembly member Tony Devenish, who represents West Central, asked the mayor whether the four-month time period could be brought forward. Read more: Council blasted for ‘incompetence’ over Hammersmith Bridge closure Khan [...]
What’s wrong at Dixons Carphone? Analysts react to loss as shares dive June 20, 2019 Dixons Carphone revealed huge losses of £259m this morning and warned there was “more pain” to come in its struggling mobile phone division. It blamed the rapidly changing mobile phone market in the UK and said it would take two years to break even amid a transformation plan. Read more: Dixons Carphone shares plunge as [...]
RMT rail union accuses Sadiq Khan of Tory cuts ‘stitch up’ June 20, 2019 The RMT rail union has accused Sadiq Khan of carrying out “Tory cuts to the Tube” as it protests outside City Hall this morning. The union claims that Transport for London (TfL), which Khan chairs, has “given up” on restoring central government funding to the transport body. Read more: Tube strike action on the cards [...]
Japan 0-2 England: Lionesses pass the test but still have things to work on at Women’s World Cup June 19, 2019 Phil Neville has made clear his desire to shape England into a possession-based side. By this evidence it remains a work in progress. After unspectacular wins over Scotland and Argentina, the Lionesses were faced with their biggest test of the Women’s World Cup against Japan in Nice. They passed the test – but, despite the [...]
Government proposes measures to tackle late payment scourge June 19, 2019 Large businesses could be fined for not paying smaller suppliers on time as part of a raft of proposals to tackle a problem that sees thousands of small firms go bust every year, the government said today. Read more: Rolls Royce and Vodafone among firms kicked off late payment scheme Small business minister Kelly Tolhurst [...]
Chris Tremlett: Eoin Morgan’s Afghanistan blitz showed England captain’s leadership skills as well as power June 19, 2019 Eoin Morgan has always been someone who cashes in when he gets on a roll, but even for him the World Cup performance against Afghanistan yesterday was special. As captain of the one-day side Morgan has tried to make England as dominant as possible and his innings of 148 from 77 balls, with an ODI [...]