TfL banned Uber over concerns it could not prevent breaches by its drivers January 23, 2020 A letter released today revealed that TfL stripped Uber of its licence in London because of “serious doubts” it would be able to prevent breaches that put the public at risk. The letter from TfL to Uber, dated 25 November, detailed some of the breaches that TfL was concerned about, which included drivers providing services [...]
Banker named in alleged Angola fraud found dead January 23, 2020 A banker named in the investigation into the source of Angolan billionaire Isabel dos Santos’ wealth has died in Portugal in an apparent suicide. Nuno Ribeiro da Cunha, the director of private banking at Portuguese lender Eurobic, was found dead at his house in Lisbon on Wednesday, Lusa news agency said today, citing a police [...]
South Western Railway guards vote for more strike action January 23, 2020 Rail commuters face more misery on South Western Railway in the coming months, after staff voted for more strike action in the long-running dispute over the role of train guards. The National Union of Rail, Maritime and Transport Workers (RMT) has not yet announced strike dates, but the action follows a record-breaking 27-day strike in [...]
Government urged to delay US extradition of Autonomy founder Mike Lynch January 23, 2020 Former Brexit secretary David Davis has urged the home secretary to block the extradition of Autonomy founder Mike Lynch to the US until after the verdict of a UK civil trial is announced. The US is seeking to extradite Lynch to stand trial on charges of securities fraud, wire fraud and conspiracy related to the [...]
Quintain secures £150m to build more Wembley homes January 23, 2020 Property developer Quintain is planning to build almost 400 new homes in Wembley after completing a £150m financing deal with Goldman Sachs. The funding will allow Quintain to construct 398 rental homes across three new buildings in Wembley Park, next to the Boxpark site. The development – due to be completed by May 2022 – [...]
Culture secretary Nicky Morgan warns BBC not to ignore licence fee row January 23, 2020 The culture secretary has warned the BBC it would be making a “big mistake” if it thought the row over the licence fee was not an issue of public concern. Baroness Nicky Morgan dismissed the notion that the broadcaster’s funding model was only relevant to those in Westminster, arguing instead that it affect the wider [...]
Apple hits back at EU over ‘wasteful’ universal charger proposal January 23, 2020 Apple has today lashed out at an EU bid to make the tech firm ditch its Lightning charger, alleging the proposed rules would “create an unprecedented amount of waste”. Politicians in the European Parliament last week pushed forward calls for a universal charger for all mobile devices, amending a draft law to rule that all [...]
Procter & Gamble misses estimates on poor nappy sales January 23, 2020 US consumer goods giant Procter & Gamble reported lower-than-expected quarterly sales today, hurt by a stronger dollar and a slowing demand for nappies. The slowing growth rate globally has hit demand for its Pampers nappies, particularly in the US and China. Net sales rose 4.6 per cent to $18.2bn (£13.9bn), slightly below the average analyst [...]
Ex-HSBC executive sues top managers including former boss John Flint January 23, 2020 HSBC’s ex-global head of currencies and commodities is suing its former chief executive and three senior managers as part of an unfair dismissal claim. Frederic Boillereau, who left the bank in 2018, is bringing a whistleblowing case against HSBC next week, according to Bloomberg reports. It is thought that Boillereau’s departure came as a result [...]
Advertising veterans team up to launch specialist press agency January 23, 2020 Two top advertising executives have teamed up to launch a specialist press planning and buying agency called The Press Business. Steve Goodman, who served at WPP for 36 years, and former Omnicom director Peter Thomson said the new venture will exploit the opportunities created by an evolving media landscape. The London-based agency will focus on [...]