Ikea recalls travel mug over leaking chemicals risk January 23, 2020 Ikea has warned customers to stop using a travel mug bought from the store over concerns it could leak dangerous chemicals. The Swedish retailer issued a recall notice for its “Troligtvis” travel mug, after tests found it could leak levels of toxic Dibutyl phthalate (DBP) exceeding the safe limits. Owners of the travel cup – [...]
Chancellor launches search for next head of budget watchdog January 23, 2020 Chancellor Sajid Javid has launched the search for the next head of the UK’s budget watchdog, the Office for Budget Responsibility (OBR), as the term of the current chair Robert Chote draws to an end. The OBR was formed in 2010 by newly-elected chancellor George Osborne to ensure the government stuck to its spending and [...]
Volkswagen hit with largest environmental fine in Canadian history January 23, 2020 Volkswagen has been hit with the largest environmental fine in Canada’s history after the automobile giant pleaded guilty to dozens of diesel emissions violations. In December the carmaker was charged with importing 128,000 vehicles into the country which breached emissions standards. As a result, the firm will be forced to pay CA$196.5m (£113.7m) for 60 [...]
Mothercare replaces senior leadership as firm gets to grips with new life January 23, 2020 After closing all 79 of its stores last weekend, collapsed retailer Mothercare has this morning announced wholesale changes to its leadership. Following on from November’s transformation plan, when the group announced plans to become an international franchise operation, the firm today said that chief executive Mark Newton-Jones would step down. He will remain as an [...]
Former Speaker John Bercow faces bullying complaint from top aide January 23, 2020 John Bercow’s chances of bagging a peerage could be in tatters following reports his most senior former official has filed a formal bullying complaint. Lord Lisvane, who was chief clerk of the House of Commons at the beginning of Bercow’s stint as Speaker, has handed a dossier of allegations to the parliamentary commissioner for standards, [...]
CMC Markets strikes upbeat note as income beats expectations January 23, 2020 Online trading platform CMC Markets has lifted its full-year income expectations once again after its third quarter income beat predictions, as an increased focus on partnerships and professional traders pays off. In a trading update on Thursday, CMC said third quarter net operating income came in above expectations, and that net operating income for the [...]
Johnson’s reshuffle is about more than just jobs – the party is looking for the PM’s philosophy January 23, 2020 As Labour continues the post-election round of self-flagellation in search of a new leader and direction, most returning Tory MPs have only one thing on their mind: the impending reshuffle. Tipped to happen in the first two weeks of February, the only questions are who is likely to get the heave-ho, and whether Dom Cummings’ [...]
Britain will make Huawei decision soon, says Leadsom January 23, 2020 Britain will soon decide what role Huawei will have in its 5G network but there are only a limited number of alternative providers, Andrea Leadsom said today. The business secretary told Sky: “Ideally there would be more providers of infrastructure similar to the work that Huawei does but the UK is looking very carefully at [...]
Asos chases away blues with record Black Friday performance January 23, 2020 Online retailer Asos beat the January blues with this morning’s trading statement as revenue grew 20 per cent across the group for the final four months of 2019. The fashion firm said that the growth, which was consistent across all of its divisions, was due to record Black Friday sales. Total sales hit £1.1bn, driven [...]
For businesses relying on EU tax directives, what happens after Brexit? January 23, 2020 | City Talk Businesses are currently eager to know what shape any post-Brexit trade agreement with the EU will take and what tariffs or other barriers might apply to goods and services. However, when considering financing operations and investment abroad, businesses also need to look at the EU tax directives that facilitate cross-border financing flows. A repeated question [...]