Ericsson to pay more than $1bn to settle US corruption probe December 7, 2019 Ericsson has agreed to pay $1.2bn (£913m) to resolve a US corruption probe. The Swedish telecoms firm has settled the investigation into corruption, which included the bribing of government officials, the US Department of Justice said on Friday. The bribing of officials took place over multiple years and in countries such as China and Vietnam. [...]
General election 2019: Conservatives pledge £550m for grassroots football December 7, 2019 The Conservative Party has pledged to invest £550m in grassroots football as part of a plan to back a joint bid with Ireland to host the 2030 World Cup. Boris Johnson said the boost to existing funding plans for amateur football would “transform lives with a legacy to match the 2012 Olympics”. The Tories are [...]
General election 2019: Johnson and Corbyn clash on Brexit in debate December 7, 2019 Boris Johnson and Jeremy Corbyn once again clashed on Brexit during a head-to-head debate on BBC last night. Labour leader Corbyn said his party would bring “an end” to Brexit by renegotiating a deal and holding a second referendum. While, Johnson said he already had “a wonderful deal” that he would use to take the [...]
General election 2019: Labour pledges to electrify England’s 35,000 buses by 2030 December 6, 2019 Labour will on Saturday unveil a plan to electrify the country’s entire bus fleet by 2030 and bring “bus services into the future”. The initiative would be funded by the party’s green transformation fund, should Labour get into power following next week’s general election. Read more: Labour and Tories are sweeping immigration under the rug [...]
Eddie Stobart secures £55m Dbay lifeline December 6, 2019 Eddie Stobart shareholders today backed a £55m rescue deal from a major investor to save the company’s future. Under the terms of the deal, Dbay will take control of the company and inject enough money to secure the company’s immediate future over Christmas. Dbay said: “We would like to thank shareholders for supporting our transaction [...]
New Octopus Renewables trust smashes target in £350m float December 6, 2019 Octopus Renewables’ new infrastructure trust smashed investor expectations this morning, successfully raising £100m more than its original target of £250m. The £350m launch makes the launch the second biggest initial public offering for an investment company this year. Read more: Octopus launches new renewables trust The net proceeds of the opening issue after costs will [...]
Michael Gove gives out No 10 phone number when quizzed on Andrew Neil interview December 6, 2019 Michael Gove has given out the direct phone number to No 10 Downing Street after being pressed on when the Prime Minister would be doing an interview with Andrew Neil. The Duchy of Lancaster was asked to put a figure on the chances that Boris Johnson would accept the invitation to be interviewed on BBC [...]
London fire commissioner Dany Cotton to leave four months early December 6, 2019 London’s fire commissioner Dany Cotton is to step down from her role sooner than planned, the London Fire Brigade announced today. Cotton will leave at the end of December as opposed to her original departure date of the end of April. It comes after criticism of Cotton from the families of victims who died in [...]
Eight things investors need to know about energy storage December 6, 2019 | City Talk With renewable energy growing in importance, effective storage will be vital. And as costs continue to decline, the potential to achieve growth could be huge. Why is the roll out of energy storage so important for achieving the Paris Agreement targets? Decarbonising the electricity supply will require a huge expansion of renewables to replace thermal [...]
Cut the pessimism, free trade is a huge opportunity for the UK December 6, 2019 The irony of the Brexit debate has always been that, while the value of continued trade with the EU is (quite rightly) regarded as of great importance, the potential of Britain being able to make our own trade deals around the world has been virtually ignored — or worse, demonised. Let’s start with the US. [...]