Uber poised to bag further temporary licence from TfL September 22, 2019 Uber will have its fate sealed on Wednesday when Transport for London (TfL) makes a decision on the ride-hailing app’s licence in the capital. Uber has currently been running on a 15-month probationary licence, issued last June in the aftermath of Sadiq Khan’s decision in 2017 to strip the operator of its licence over safety [...]
Helena Morrissey among candidates in running for Bank of England governor job September 22, 2019 Prominent City veteran Dame Helena Morrissey is in the race for the top job as Bank of England governor. The high-flying financier could become Threadneedle Street’s first female boss after making it into a shortlist of candidates being considered to replace Mark Carney next year. Read more: Big banks shift just 1,000 jobs since Brexit [...]
BT lines up Champions League bid as it looks to retain lucrative rights September 22, 2019 BT is gearing up to defend its control of Champions League TV rights as the telecoms giant cashes in on price rises in its broadcast division. BT Sport paid £1.2bn in 2017 to secure exclusive rights to Champions League and Europa League matches for three seasons, cementing its control of European football coverage. Read more: [...]
Feeling the heat: Carluccio’s waiters rise up in row over tips September 22, 2019 Waiters at Carluccio’s are hitting back at the restaurant chain after a change in tipping policy that has allegedly left them hundreds of pounds worse off per month. Employees at the Italian eatery have joined the Unite union in a bid to scrap a new policy that siphons off a great proportion of tips to [...]
Treasury rebuffed TfL bid for Piccadilly line funds in spending round September 22, 2019 Transport for London (TfL) asked the government for funds for the Piccadilly line signalling upgrade in the recent spending round but was left empty-handed, City A.M. understands. TfL is said to be disgruntled at the lack of funds it received from the Treasury in the recent one-year spending round announced by chancellor Sajid Javid earlier [...]
Raab promises Thomas Cook customers they will not be stranded abroad amid rescue talks September 22, 2019 Foreign secretary Dominic Raab has promised Thomas Cook customers that they will not be stranded abroad if the embattled holiday firm collapses. The world’s oldest travel operator is in last-ditch talks this weekend to secure a £200m lifeline and avoid falling into administration. Read more: Thomas Cook asks for government bailout Raab said today that [...]
Zac Goldsmith shared in £16m payout before All Star Lanes went bust September 22, 2019 Investors including Tory MP Zac Goldsmith, diamond mogul Anthony Oppenheimer and fund manager Jim Mellon are said to have shared in a £16m payout from a chain of bowling alleys just months before it went bust. All Star Lanes, which owns four bowling alleys in London, was sold to Risk Capital Partners last week as [...]
Dominic Raab hints parliament could be suspended for a second time September 22, 2019 Foreign secretary Dominic Raab has refused to rule out proroguing parliament for a second time. The Supreme Court, the UK’s highest court, is due to hand down its ruling on two cases lodged against Boris Johnson’s decision to suspend parliament. Read more: Brexit negotiations are moving forward with momentum, says Stephen Barclay One is an [...]
Jeremy Corbyn dismisses rumours he is ready to stand down as ‘wishful thinking’ September 22, 2019 Jeremy Corbyn has said he will lead the Labour party into the next general election following speculation that he wanted to stand down. The Labour leader dismissed rumours he wanted to stand down as “wishful thinking by some people”. Read more: Motion to oust deputy leader Tom Watson withdrawn after backlash He said he was [...]
Key Labour aide Andrew Fisher resigns September 22, 2019 One of Labour’s most senior aides has announced he will resign at the end of the year, saying he does not think the party will win the next election. Andrew Fisher, Labour’s head of policy who wrote the party’s most recent manifesto, said he will leave his post by the end of the year “to [...]