This marks the start of a brave new post-Brexit future January 30, 2020 Tonight at 11 o’clock, as the Brexit countdown clock ticks to zero, I will be toasting the moment with a bottle of Brexit Beer, produced by my friend and fellow Leave campaigner Jon Moynihan. My toast won’t be to winning the Referendum or Getting Brexit Done. Rather, it will be a toast to the future, [...]
Sadiq Khan interview: The London mayor talks tech tax, Brexit, Labour and Uber January 30, 2020 There can be no doubt that last year’s General Election redrew Britain’s political landscape. But for an example of just how different things have become, consider that next week a Labour mayor of London will warn a Tory chancellor against imposing new taxes on multinational tech giants. Sadiq Khan tells me he enjoys a good [...]
Amazon shares bounce as figures leapfrogs expectations in Prime boost January 30, 2020 Amazon reported better-than-expected results for its fourth quarter tonight, sending shares up more than 13 per cent in after-hours trading and pushing it back above $1 trillion in market value. For the three months to the end of December 2019, the e-commerce giant posted a profit of $6.47 per share, or $4.2bn, jumping well ahead [...]
WHO declares public health emergency as coronavirus escalates January 30, 2020 The World Health Organization (WHO) has declared an international public health emergency as the coronavirus outbreak continues to spread. Following an emergency committee meeting in Geneva, Tedros Adhanom, WHO director general, said: “We don’t know what sort of damage this [coronavirus] could do if it were to spread in a country with a weaker health [...]
Avast to shut controversial data analytics division affecting hundreds of jobs January 30, 2020 Cybersecurity business Avast said today it would shut down its controversial Jumpshot business after media reports revealed it was selling data on its users to clients. Avast said it would terminate the provision of data to Jumpshot “with immediate effect” with more than 200 jobs in the business at risk. Speaking to City A.M. chief [...]
TSB recovers from IT meltdown to return a profit January 30, 2020 TSB returned a profit and a healthy balance sheet in 2019 after it stemmed losses from its failed IT migration. The bank reported that profit before tax for the year to 31 December 2019 was £46m, compared to a pre-tax loss of £105.4m in 2018. It said it was “primarily driven by the non-recurring effect [...]
Deloitte fined £1.8m and reprimanded over Comet administration failures January 30, 2020 Big Four accountancy firm Deloitte was today ordered to pay a fine and costs of £1.8m and “severely reprimanded” by regulators in connection with the administration of retailer Comet in 2012. Professional body the Institute of Chartered Accountants in England and Wales (ICAEW) said today that Deloitte failed to comply with its code of ethics [...]
Airbus set to agree £3bn fine tomorrow to settle corruption probe January 30, 2020 European plane maker Airbus’s £3bn plea deal with prosecutors is expected to be approved in court tomorrow, settling a long running corruption probe. The deferred prosecution agreement (DPA) between the Serious Fraud Office (SFO) and Airbus has been agreed in principle and is set to be approved by the President of the Queen’s Bench Division [...]
Exclusive: Politicians slam House of Fraser for continuing to sell Presidents Club clothing line January 30, 2020 Politicians, businesswomen and equality campaigners have called on House of Fraser to stop selling a clothing line appearing to reference the Presidents Club dinner where businessmen allegedly groped hostesses. The Presidents Club annual dinner was plunged into scandal in 2018 after details emerged of attendees’ behaviour and revealing dresses hostesses were told to wear. The [...]
Javid confirms National Insurance cut from April January 30, 2020 Chancellor Sajid Javid has today confirmed the government will raise the threshold for National Insurance contributions (NICs) from April, saving the average worker more than £100. The threshold at which people start paying NICs will be raised by more than 10 per cent to £9,500, according to new legislation laid in parliament today. It was [...]