Conservative peer Lord Heseltine has launched a blistering attack on former London mayor Boris Johnson, accusing the MP of “ripping the party apart” June 30, 2016 Boris Johnson's decision not to stand for the leadership of the Conservative Party has been savaged by Tory grandee Lord Heseltine. In a blistering attack, the avidly pro-Europe Heseltine accused Johnson of “ripping the [Conservative] party apart”, and slammed the former London mayor's refusal to run for Tory leader, and therefore prime minister, as both “contemptible” [...]
Number 10 hosts business leaders for post-Brexit trade talks June 30, 2016 Number 10 held discussions with a host of business leaders this morning to discuss trade after Brexit. The UK is reportedly planning to launch trade missions to the US, China, India and Commonwealth nations as it prepares to leave the EU after last week’s vote. BP’s Bob Dudley, easyJet chief executive Carolyn McCall and others from [...]
Yvette Cooper is leading a group of Labour backbenchers in talks with the government over the newly established Brexit Unit June 30, 2016 Yvette Cooper will lead a committee of senior Labour backbenchers across party lines this afternoon for a meeting with Oliver Letwin to discuss the newly established civil service Brexit Unit. Earlier this week, Downing Street launched the unit working on Brexit planning under Letwin in his role as Chancellor of the Duchy of Lancaster, and the Labour [...]
At the close: Just as things settle down Carney makes sure everyone’s still on their toes June 30, 2016 Just as the political situation had stolen the limelight from the markets in the aftermath of the UK's vote for Brexit, Mark Carney grabs it back. Carney, the governor of the Bank of England (BoE), told markets earlier this afternoon to expect a cut in interest rates as he warned the economy was in for a period of [...]
UPDATE: Hershey’s rejects Mondelez International takeover bid June 30, 2016 Chocolate manufacturer Hershey's has today rejected a takeover bid from Mondelez International. In a brief statement, the chocolate maker didn't sugarcoat the fact that the board, after getting input from the company's management and outside financial and legal advisers, had decided to unanimously rejected the offer. Hershey's also said that it would not be discussing the matter further with [...]
Everyone can stop freaking out, Google Calendar is back up and running June 30, 2016 Google Calendar has been restored, after the City was thrown into paroxysms of terror this afternoon, when the service went down. Those trying to find out what they were doing today were left stumped, as instead of the usual calendar page, a page titled "server error" loaded, along with a message explaining in several dozen [...]
Planning permissions for new homes reached the highest level since 2008 in the first quarter June 30, 2016 There were signs housing supply could be on the up earlier this year as planning permissions for new homes are reached their highest level since 2008. Permissions for 66,102 homes were granted in the first quarter of this year in England, up four per cent on last year, according to research from the Home Builders Federation (HBF) and [...]
Sterling dives as Mark Carney lays the groundwork for an interest rate cut June 30, 2016 The pound took a dive against the euro and the dollar this afternoon, after Bank of England governor Mark Carney laid the groundwork for an interest rate cut. The pound fell as much as one per cent against the euro, to €1.1941, and 1.1 per cent against the dollar, to $1.3280, before beginning to edge up. Meanwhile, the [...]
Union Unite seeks job security assurance as Carlsberg dismantles secondary logistics arm and outsources 900 jobs June 30, 2016 The trade union Unite has said it is "dismayed" at brewer Carlsberg's proposals to outsource 900 jobs at its beer distribution arm. Carlsberg announced yesterday it will complete the transfer of its remaining secondary logistics operations to DHL Tradeteam no later than March 2018. The move follows a strategy change announced in November last year to cut [...]