Government denies report it will seek to weaken workers’ rights after Brexit October 26, 2019 The government has denied a report that it will seek to weaken workers’ rights after the UK leaves the EU. The Financial Times published extracts of leaked documents from the department for exiting the European Union on saturday, which said a “level playing field” commitment to the EU “leaves room for interpretation”. Read more: Sajid [...]
Asda rejects request to remove sack threat for thousands over compulsory contracts October 26, 2019 Asda has rejected a last-minute request from trade unions to remove the threat of dismal for thousands of staff if they fail to sign a compulsory contract by the end of next week. The GMB union has predicted that up to 12,000 of the more than 100,000 employee affected could lose their jobs because they [...]
EU agrees to Brexit delay but ‘very unlikely’ to decide on extension before Tuesday October 26, 2019 EU leaders have agreed a Brexit delay, but will not make a decision on how long for until next week. They are debating whether to extend the deadline date until 31 January or November. The latter is thought to be preferred by French President Emmanual Macron. Read more: Said Javid admits 31 October Brexit deadline [...]
Facebook announces launch of Facebook News October 25, 2019 Facebook has announced the launch of Facebook News, a new platform that will highlight news based on how relevant it is to individual users. In a blog post, Facebook’s vice president for global news partnerships said “Facebook News was built to bring people closer to the stories that affect their lives. We’ll continue to learn, [...]
Amazon share price slips after first profit drop in two years October 25, 2019 Investors have punished Amazon for a sharp fall in profits, targeting its shares as US markets opened this afternoon. Amazon’s share price fell 2.4 per cent to $1738.2 on the Nasdaq after billionaire Jeff Bezos’ company’s profits fell for the first time in two years yesterday. Read more: Amazon posts first profit drop for two [...]
Oops! Stats body admits whopping public finance error of up to £1.5bn October 25, 2019 The UK’s statistics body admitted to a rare error in its public finance data today, making the UK budget deficit between £1bn and £1.5bn less than what had previously been stated. The Office for National Statistics (ONS) has said there was “an error in the measurement of local government social benefits”. Read more: Metro Bank [...]
TK Maxx defies retail gloom as sales top £3bn October 25, 2019 Budget retailer TK Maxx topped £3bn in sales in the last year, shrugging off high street woes with a rise in profit. US group TJX US, which is the parent owner of the fashion group, has reported a 6.4 per cent rise in sales to £3.1bn in the 12 months to February 2019. Read more: [...]
Tory donor acquires stake in former Virgin Money chief’s fintech startup Snoop October 25, 2019 A Conservative Party donor has acquired a stake in the technology business of former Virgin Money chief executive Dame Jayne-Anne Gadhia. Lord Brownlow’s investment vehicle, Havisham assets, has bought a £5m share in Snoop according to Sky News, alongside Salesforce Ventures, which Jayne-Anne recently joined as UK and Ireland chief. Read more: Self-driving startup Fiveai [...]
Treasury halts production of 50p Brexit coins October 25, 2019 The Treasury has stopped production of thousands of commemorative Brexit coins over continuing doubts as to when the UK will leave the EU. A Treasury spokesman said: “We have paused production of the Brexit coin, and will take a final decision in due course.” Read more: Brussels delays Brexit extension decision The new 50p pieces [...]
Boris Johnson tells Corbyn: ‘Man up and back my election’ October 25, 2019 Boris Johnson has told Labour leader Jeremy Corbyn to “man up” and back a general election as the EU delayed its decision on the length of the UK’s Brexit extension. The Prime Minister refused to rule out leaving without a deal on the 31st October, contradicting earlier comments by Chancellor of the Exchequer Sajid Javid. [...]