Weak oil prices and hurricanes push BP to $750m loss October 29, 2019 Lower oil prices and hurricanes knocked BP to a $749m loss in the third quarter, the energy giant revealed today as chief executive Bob Dudley prepared to bow out. Read more: Saudi Aramco insiders say the kingdom has set a date for the IPO The figures BP fell to a $749m loss in the three [...]
FTSE 100 dragged down by Brexit delay ahead of general election vote October 29, 2019 The FTSE 100 edged down this morning as Brexit uncertainty lingered over the City. European markets opened flat today, but UK traders took a more cautious approach ahead of another crucial day of voting in Parliament. London’s blue-chip index fell by 0.5 per cent to roughly 7,297 points, while the Dax was down by 0.2 [...]
Treasury confirms taxpayers will foot bill for melted 50p Brexit coins October 29, 2019 The Treasury has confirmed the taxpayer will be footing the bill for the special 50p coins minted to commemorate Brexit on 31 October that are now set to be melted down. The Treasury confirmed to City A.M. that it was paying for the production and circulation of the coins, as they were due to become [...]
Brexit: PM’s pre-Christmas election gambit under pressure October 29, 2019 The Prime Minister’s last attempt to secure an election this side of Christmas could still struggle Last night the government tabled a motion for an election that includes the date – 12 December – in a bid to convince critics who say he can’t be trusted not to push back the date and force a [...]
Philip Hammond: Government is blocking Brexit to ‘create a narrative’ October 29, 2019 Philip Hammond has claimed the government is blocking Brexit in order to “create a narrative” about an obstructive parliament. The former chancellor, who was sacked last month after going against Boris Johnson on a vote which effectively blocked a no deal, was scathing of the Prime Minister’s tactics. He told the BBC’s Today programme: “It [...]
Grenfell report: Fire service’s ‘serious shortcomings’ contributed to deaths October 29, 2019 Systemic failures within the London Fire Brigade (LFB) contributed to more deaths in the 2017 Grenfell Tower tragedy, a report published this week will say. Although firefighters have been praised for courage, the report by inquiry chairman Sir Martin Moore-Bick has slammed the LFB for “serious shortcomings” in how it approached the blaze in which [...]
Mike Ashley calls Goals Soccer Centres’ move to call in SFO ‘too little, too late’ October 29, 2019 Mike Ashley today blasted a reported move by embattled Goals Soccer Centres to enlist the Serious Fraud Office (SFO) to investigate suspected fraud. The Sports Direct owner called the alleged action “far too little, too late”. Read more: Goals Soccer Centres calls in fraud watchdog The billionaire added that it “is a deliberate case of [...]
UK house prices: Growth ‘subdued’ in wake of Brexit slowdown October 29, 2019 House price growth remained below one per cent for the 11th consecutive month in October, as hopeful homeowners sat tight amid Brexit uncertainty. House prices in the 12 months to October rose 0.4 per cent to £215,368, according to the new figures from Nationwide. Read more: House prices suffer slowest October rise in more than [...]
DEBATE: Has the People’s Vote campaign blown its chance of a second referendum? October 29, 2019 Has the People’s Vote campaign blown its chance of a second referendum? Olivia Utley, deputy editor at TheArticle, says YES. So, the People’s Vote campaign has imploded. Why? Infighting has a lot to do with it. Political activism only works when the public can’t see what’s going on behind the scenes – and yesterday, the [...]
Alexandria Ocasio-Cortez is fuelling the toxic media discourse she so despises October 29, 2019 At a US congressional hearing last week, representative Alexandria Ocasio-Cortez – the leading light of the 2018 Democratic intake – confronted Facebook’s chief executive Mark Zuckerberg. Zuckerberg was supposedly attending the hearing to discuss libra, Facebook’s nascent digital currency, now facing considerable legislative pressure. In five blistering minutes, Ocasio-Cortez widened her aim, taking him to [...]