Theresa May urged to step in over “catastrophic” ongoing UK flight suspension to Sharm el-Sheikh November 4, 2016 Egyptian political and tourism figures have criticised Theresa May's inaction over ongoing UK flight suspension to Sharm El-Sheikh. Monarch extended its ban on flights there indefinitely earlier this week. President of the Sharm el-Sheikh Tourism Investors Association, Hisham Aly, criticised Theresa May's approach. "The Prime Minister’s rhetoric about combating radicalisation at source is utterly contradictory to [...]
Sterling’s hit a one month high against the dollar November 4, 2016 Sterling hit a one-month high against the dollar, today propelled by yesterday's ruling that only Parliament could start the process of leaving the EU. It was up as much as 1.6 per cent against the dollar at $1.2492 in afternoon trading in London, and up two per cent to €1.1263 against the euro. Mark Carney also helped [...]
Trump voters on Wall Street are richer, older and more experienced than you November 4, 2016 With four days to go until the US presidential election, finance professionals are standing in support of Donald Trump in comparison to national poll results, figures suggest – and not surprisingly, they are male, pale and stale. In a national poll, 38 per cent of respondents supported Trump, against 50 per cent who supported Clinton. [...]
Conservative MP Stephen Phillips resigns over “irreconcilable policy differences” with the government November 4, 2016 Conservative MP Stephen Phillips has resigned, citing "very significant policy differences" with the current government. The Conservative MP for Sleaford and North Hykeham, was pro-Leave in the referendum debate, but has since complained the government is avoiding parliamentary scrutiny of Brexit. Phillips said in a statement: "It has been a great honour to serve the [...]
Full steam ahead for Eurostar’s Amsterdam services from London despite Brexit uncertainty November 4, 2016 Eurostar is going ahead with its plans to start services from London to Amsterdam in a year's time, despite ongoing uncertainty over the UK's future relationship with the EU. The cross-Channel high speed rail service said it was seeing "signs of recovery in the trading environment" over the past eight weeks, though passenger numbers were [...]
Then there were three: Peter Whittle has withdrawn from the Ukip leadership contest November 4, 2016 Peter Whittle has withdrawn from the Ukip leadership contest, just weeks after he declared his intention to stand. In a statement today Whittle urged Ukip members to support Paul Nuttall instead. In a post on Facebook he said Ukip needed a leader who "knows the party inside out and who can command the loyalty of [...]
Already? George Osborne has been paid £100,000 for three speeches in the US November 4, 2016 Former chancellor George Osborne has wasted no time in making the most of his experience after he stepped down: new figures have shown he has been paid almost £100,000 for three speeches in the US. The Parliamentary register of members' financial interests showed Osborne made £69,992 for an hour and a half of speeches to [...]
The “whole country should be grateful” that Mark Carney’s staying until 2019, says Bank of England’s deputy governor November 4, 2016 The Bank of England's deputy governor Dr Ben Broadbent has said "the whole country should be grateful" that Mark Carney's staying in place for the next few years. A weekend of speculation over the Bank of England governor's future was brought to a halt by Carney earlier this week when he said he'd be staying in [...]
Editor’s notes: Think Brexit voters were just angry? Think again. November 4, 2016 The hot topic of the day is the process of Brexit. With the High Court ruling in favour of those who claimed that the government lacks the constitutional authority to trigger Article 50 without parliamentary approval, it’s an absolute field day for legal commentators and armchair constitutionalists. Those who cry that the judgement represents “a [...]
Oil boss needs buyers to Shell out for assets November 4, 2016 A brave face. That's the best way to describe this week's trading updates from Britain's two oil behemoths. It’s now a familiar visage for BP's Bob Dudley and Shell's Ben van Beurden. Oil prices continue to hover stubbornly below $50-a-barrel, raising justifiable concerns about the companies’ ability to cover their dividends without substantial further cuts [...]