Business groups react as Heathrow expansion in doubt again February 2, 2020 Business groups warned that the failure to expand Heathrow would see the UK “fall behind the rest of the world” as the new runway’s future was again plunged into doubt this weekend. It emerged that Spanish infrastructure giant Ferrovial was reportedly considering selling its 25 per cent stake in the airport if it could not [...]
Crossrail boss says he will do without a bonus February 2, 2020 Crossrail’s latest boss has promised that he will “do this job without a bonus” after his predecessors came under fire for receiving over £6.5m in extra payments over the last decade. The payments were made despite Europe’s biggest infrastructure project being £3bn over budget and set to open nearly three years behind schedule. According to [...]
Flybe’s planes at risk of being impounded as wait for rescue package goes on February 2, 2020 Embattled Flybe is facing a nervous wait over its potential £100m taxpayer loan amid reports that air traffic controllers could impound the regional airline’s planes. According to mortgage records, many of Flybe’s planes are owned by other firms such as NordLB and Nordic Aviation Capital, who lease them to Flybe to use. The Sunday Telegraph [...]
Report to slam FTSE boards as ‘complacent’ on ethnic diversity goal February 2, 2020 Britain’s biggest public companies will this week be accused of complacency over a target to appoint a non-white director by the end of 2021. The Parker Review, led by City grandee Sir John Parker, outlined the target in 2016. In a progress report set to be published on Tuesday, Parker will slam FTSE firms for [...]
New RBS boss Alison Rose to be based solely in London February 2, 2020 New Royal Bank of Scotland chief executive Alison Rose is to be based solely in London, even though the state-owned lender is headquartered in Edinburgh. Rose’s employment contrast lists RBS’s office on Bishopsgate as her sole place of work, the Sunday Times reported. Her predecessor, Ross McEwan, had a contract for London and Edinburgh. Rose, [...]
Brexit: UK diplomats ordered to make immediate break with EU counterparts February 2, 2020 British diplomats have reportedly been ordered to make a clean break with their EU counterparts following the UK’s exit from the bloc. Foreign secretary Dominic Raad ordered diplomats to sit apart from their former EU allies at international events and adopt a stance as a “confident independent country”, the Sunday Times reported. According to a [...]
Brexit: Boris Johnson set to reject regulatory alignment in EU trade negotiations February 2, 2020 Boris Johnson’s government has set out a tough opening stance ahead of trade talks with the European Union, indicating it will reject any trade deal that includes “high alignment” with the bloc. “We are taking back control of our laws, so we are not going to have high alignment with the EU, legislative alignment with [...]
Ferrovial adds to Heathrow uncertainty amid warnings over returns February 2, 2020 Heathrow owner Ferrovial has added to the uncertainty over the airport’s long-awaited third runway by saying it might consider selling the asset if it could not get an “adequate return” on its investment. The Spanish infrastructure firm, which owns UK outsourcer Amey, currently owns a 25 per cent stake in Europe’s busiest airport. However, chief [...]
David Cameron made £836,000 last year while Theresa May banked £400,000 February 1, 2020 David Cameron made £836,168 last year in media and speaking fees. The former Prime Minister had more than £538,000 in the bank of his company, The Office of David Cameron, for the year ending April 30, according to new accounts filed with Companies House, which was first reported by The Telegraph. It excludes any profits [...]
Donald Trump set to be acquitted in impeachment trial February 1, 2020 US President Donald Trump is all but certain of being acquitted in his impeachment trial. On Friday, senators voted against calling witnesses or admitting new evidence. It was a move from Democrats that would have in all likelihood only extended the trial without changing its outcome. However, they had been dependent on four possible swing [...]