HS2 is ‘out of control’: Andrea Leadsom October 20, 2019 HS2 is “out of control” and its management is insensitive, according to business secretary Andrea Leadsom Leadsom has entered a submission to the government’s review into the controversial project, according to the Sunday Telegraph. Read more: HS2 would drive rail price increase and shut out smaller northern cities She criticised HS2 Ltd for the way [...]
PwC accused of conflict of interest over advice given to Thomas Cook October 20, 2019 PwC has been accused of a conflict of interest for advising Thomas Cook executives on their pay and bonuses while it was also the auditor of the now-defunct travel firm. The Big Four firm audited Thomas Cook’s accounts between 2008 and 2016. Its accounts show PwC also earned £4m providing “recruitment and remuneration” advice to [...]
Rory Stewart ‘doesn’t speak for London’: Lib Dems mayoral candidate October 20, 2019 Rory Stewart’s support for Brexit makes him unfit to be mayor of London, according to one of his 2020 opponents. Liberal Democrats mayoral candidate Siobhan Benita slammed Stewart for not backing the Letwin amendment in parliament yesterday. Read more: DEBATE: Does former Tory leadership hopeful Rory Stewart have a shot at becoming mayor? The successful [...]
Property tycoon Nick Candy courts Saudis over Capco takeover bid October 20, 2019 Property magnate Nick Candy is said to be in talks with a Saudi investment fund over a potential takeover bid for Capital & Counties (Capco), the owner of Earls Court and Covent Garden. Candy, who developed the One Hyde Park complex with his brother Christian, has held early-stage discussions with Saudi Arabia’s Public Investment Fund [...]
Top City PR quits People’s Vote campaign amid blistering boardroom row October 20, 2019 City public relations tycoon Roland Rudd is set to quit his top role in the People’s Vote campaign as the anti-Brexit movement is rocked by a fierce boardroom battle. Rudd, founder and chairman of financial PR firm Finsbury, is reportedly set to resign as chairman of Open Britain, one of the key organisations behind the [...]
Supermarket chain Iceland takes a hit as insurers freeze out suppliers October 20, 2019 Suppliers to supermarket chain Iceland are said to have had their insurance cover cut amid concerns about the impact of Brexit on the company’s supply chain. Paris-based insurer Euler Hermes reduced the credit cover it provides to Iceland’s suppliers over the summer, while rival Atradius is also mulling a possible cut, the Sunday Times reported. [...]
Brexit: Government sticks firm to its October 31 deadline October 20, 2019 Senior cabinet ministers are insisting the UK will leave the European Union on 31 October, despite the prime minister’s letter to Brussels requesting an extension. Boris Johnson was forced by parliament to send the letter – which he left unsigned – to Brussels asking for an extension last night. It was accompanied by a second [...]
Brexit Super Saturday vote live: PM’s deal blocked as Letwin amendment passes October 19, 2019 15:10pm Well that’s it. Super Saturday has descended into…. Soggy, Stupid Saturday. Boris Johnson’s last minute Brexit deal has been blocked, and he says he won’t “negotiate further delay”. Will he send a letter? Who knows. His spokespeople repeatedly refused to answer any questions on the matter. Leader of the House Jacob Rees-Mogg has announced [...]
Police pin man to ground outside parliament as anti-Brexit protests reach Westminster October 19, 2019 Police have dealt with an “incident” outside the Houses of Parliament as a man attempting to gain entry to a prohibited section of the parliamentary estate was taken away by the authorities. As MPs are set to vote on Boris Johnson’s Brexit deal in the House of Commons seven members of the City of London [...]
Serious Fraud Office shut down Libor rigging investigation October 19, 2019 The Serious Fraud Office (SFO) has shut down an investigation into the rigging of Libor. Libor is the benchmark interest rate that tracks the cost of borrowing cash. The decision comes despite evidence implicating the Bank of England, the BBC reports. Read more: Regulators say firms must not wait to move away from Libor The [...]