Zac Goldsmith has delayed his live biscuit webchat with Mumsnet – but Labour MP Dan Jarvis steps in April 26, 2016 It's been a politically charged week at Mumsnet HQ. The Highgate-based mothering website received a visit from Labour mayoral hopeful Sadiq Khan on Monday, being quizzed everything from London's housing crisis to his favourite type of biscuit (chocolate Hobnobs, FYI). Khan isn't the only candidate in the mayoral race trying to woo the capital's maternal population. Tory hopeful Zac [...]
SABMiller shareholder Kulczyk Investments offloads 1.5 per cent stake in drinks giant April 26, 2016 Polish firm Kulczyk Investments has offloaded half of its three per cent stake in SABMiller for £1bn. Kulczyk placed 24m SABMiller shares, around 1.5 per cent of the company, through Credit Suisse Securities, at a price of 4,180p per share. It will not be able to sell any more SAB shares for at least 90 days. The investment [...]
Mega fines for the UK banking industry might be about to end April 26, 2016 The era of multi-billion pound fines, compensation payouts and litigation charges for UK banks could be drawing to a close, one of the world's leading ratings agencies has said today. In a new report that is sure to make for welcome reading in City boardrooms, Standard and Poor's (S&P) said that 2016 will be the final [...]
BHS administration: Sir Philip Green could face MP grilling over £571m pension deficit April 26, 2016 MPs are to decide tomorrow whether former BHS boss Sir Philip Green should be called in for questioning over the demise of the iconic high street name and its towering £571m pension deficit. BHS entered administration yesterday with debts of £1.3bn. The pension liabilities have been passed onto the Pension Protection Fund (PPF) – which is [...]
It’s not just David Cameron and Michael Gove trading barbs over Brexit anymore – their wives have had a “foul-mouthed spat” April 26, 2016 David Cameron and Michael Gove may look like they have a good working relationship despite their Brexit views, but is it all too good to be true? Samantha Cameron and Sarah Vine (aka Mrs Michael Gove) are no longer on speaking terms, after a "foul-mouthed spat" between the pair at Tory chairman Lord Andrew Feldman’s 50th birthday party, [...]
It’s looking more like health secretary Jeremy Hunt will have to leave his job, according to bookies April 26, 2016 Today is the first all-out doctors' strike in the NHS's history, and while health secretary Jeremy Hunt has called it a "bleak day" for the NHS, it may turn out to be bleaker still for him. Bookies now reckon that he's most likely to be the next cabinet minister to resign or lose his job. [...]
Prime Minister David Cameron makes first visit to Port Talbot after sale announcement in March April 26, 2016 David Cameron met with Tata Steel management and unions at the Port Talbot steelworks today during his first visit since the sale plans were announced in March. Tata Steel's sale of its loss-making UK businesses has put tens of thousands of jobs in steel manufacturing and the wider supply chain at risk. Read more: UK steel is globally [...]
Emails between staff about fixing Libor were “improper”, says former Barclays senior executive April 26, 2016 A former senior executive at Barclays has today called emails between staff at the bank about setting Libor to better suit their trading position "improper". Eric Bommensath was formerly global head of fixed income at the bank and today gave evidence in a trial against five former Barclays employees accused of offences relating to manipulating US-dollar linked [...]