UN climate change summit opens in Madrid amid last chance warnings December 2, 2019 The UN Climate Change conference is underway in Madrid, as governments come together to take the next steps in the climate change process. Against a backdrop of a year of especially severe weather, the two weeks of talks offer delegates the chance to resolve outstanding issues from the Paris accord, such as rules for carbon [...]
Nato summit 2019: London road closures map as Trump arrives in UK December 2, 2019 World leaders are set to descend on London this week for the 2019 Nato summit. The main event will take place on Wednesday 4 December at the The Grove Hotel at Chandler’s Cross in Watford, Hertfordshire. Read more: Angela Merkel says Europe cannot do without Nato The heads of state from 28 countries will gather [...]
Unions protest outside Amazon’s London HQ on Cyber Monday December 2, 2019 Union members demonstrated outside Amazon’s London headquarters this morning and accused the e-commerce giant of failing to pay the correct amount of corporation tax. The GMB union estimated that the retailer should have paid £103m in corporation tax last year, but claims the company’s biggest UK arm paid £14m of tax on £2.3bn worth of [...]
British drivers launch Volkswagen ‘Dieselgate’ action in High Court December 2, 2019 Tens of thousands of motorists have accused Volkswagen of fitting its cars with software to cheat emissions tests, as the UK’s biggest class action case kicked off at the High Court this morning. British drivers who bought Volkswagen diesel vehicles are seeking compensation following the Dieselgate emissions scandal. Read more: Volkswagen cuts forecasts amid downturn [...]
Private equity firm Cerberus mulls Addison Lee bid December 2, 2019 US private equity firm Cerberus is reportedly among those considering a bid for Addison Lee as the minicab company’s owner tries to secure a quick sale. Read more: Addison Lee lenders ‘circle’ taxi giant as sale effort continues Cerberus Capital Management submitted a bid for the minicab firm ahead of a recent deadline for offers, [...]
Ted Baker share price sinks into acquisition territory after £25m balance sheet error December 2, 2019 Ted Baker has warned investors that it is set to take up to a £25m hit after overstating the value of inventory on its balance sheet. The retailer has appointed Freshfields Bruckhaus Deringer to investigate the issue and told shareholders that it estimates an impact on the value of the clothing stock of between £20m [...]
BBC election coverage draws 10,000 complaints in two weeks December 2, 2019 The BBC received more than 10,000 complaints of bias in its political coverage in a single fortnight as the General Election campaign ramped up, new figures show. The broadcaster received at least 10,209 complaints related to political coverage between 11 and 24 November, according to its latest complaints log. Read more: General election 2019: Council [...]
Guildhall holds vigil for London Bridge terror attack victims December 2, 2019 Jeremy Corbyn and Boris Johnson stood side by side this morning in solidarity at a vigil for the London Bridge terror attack victims. The Prime Minister and opposition leader were joined by London lord mayor William Russell, mayor of London Sadiq Khan and Metropolitan Police Commissioner Cressida Dick at Guildhall Yard for the service. Read [...]
Civitas Social Housing raises interim dividend as profit jumps December 2, 2019 Civitas Social Housing has raised its interim dividend after reporting increases in pre-tax profit and revenue for the first half as the value of its portfolio continued to climb. Profit before tax rose 65 per cent to £17.4m during the six months to 30 September at the real estate investment trust, while revenue rose 45 [...]
Scrutiny from DoJ on Deutsche Bank’s role in Danske money laundering scandal December 2, 2019 Deutsche Bank’s role in the Danske Bank money laundering scandal is reportedly facing a deeper investigation from the US, in a move likely to heap fresh pressure on the embattled German lender. The US Department of Justice is probing whether Deutsche helped transfer tainted money from Danske into the US, a source told Reuters. Read [...]