Speaker John Bercow blocks vote on Boris Johnson’s Brexit deal October 21, 2019 Speaker John Bercow has rejected the government’s request for a meaningful vote on Boris Johnson’s Brexit deal today. Bercow denied the government a second vote on Prime Minister Boris Johnson’s withdrawal agreement after Johnson first put it to parliament in a special sitting on Saturday. Read more: Sterling trades around $1.30 as markets optimistic of [...]
City groups join forces for new mental health care commitments October 21, 2019 City businesses are joining forces with charities today in an effort to promote mental health care in the work place. Leading business and non-governmental figures have signed up to the Mental Health at Work Commitment, a set of standards for the industry which launched this morning. Read more: Accountancy sector lagging behind business on diversity, [...]
Saks owner Hudson’s Bay agrees to go private October 21, 2019 Hudson’s Bay Company (HBC), the owner of New York department store Saks Fifth Avenue, has agreed to be bought by a group of investors led by its executive chairman. The investor consortium led by Richard Baker, who currently owns 6.32 per cent of the firm, has made an offer to buy the shares of HBC [...]
Standard Chartered boss ‘to take pay cut’ after investor revolt October 21, 2019 The boss of Standard Chartered is reportedly planning to take a pay cut in an effort to pull the curtain down on one of the firm’s largest corporate fallouts in recent years. Chief executive Bill Winters is preparing to accept a voluntary cut in pay following a shareholder rebellion over the bank’s remuneration policy, according [...]
Russian cyber criminals hack Iranian hackers to disguise attacks October 21, 2019 A Russian cyber crime group hacked into a rival Iranian outfit so that it could carry out attacks in disguise, an investigation by cyber spooks has revealed. The so-called Turla group took control of tools and infrastructure belonging to an Iranian organisation known as Oilrig before launching cyber attacks on more than 35 countries. Read [...]
Brexit: Scottish court delays decision over Benn Act letter October 21, 2019 Scotland’s highest court has delayed making a decision about whether the Prime Minister fully complied with the law when he wrote an unsigned letter requesting a Brexit extension. Boris Johnson was forced to write a letter to European Council president Donald Tusk after losing a key vote in the Commons on Saturday afternoon. The unsigned [...]
Global launches 24-hour rolling news radio station LBC News October 21, 2019 Media group Global has launched a new 24-hour radio station to provide rolling news coverage as it looks to tap into growing listener appetite for round-the-clock updates. LBC News will provide UK and world news, as well as business, travel, sport and weather. The new station will replace LBC London News, which currently broadcasts in [...]
M&G makes debut as Prudential demerger completed October 21, 2019 Prudential has completed the demerger of its fund management and insurance arm M&G, whose shares have now debuted on London’s main market. M&G was valued at around £5.6bn following the spinoff, which gave investors shares in both companies. Read more: M&G Prudential backs London with £875m investment in City skyscraper Life insurer Prudential announced plans [...]
UK house prices suffer slowest October rise since 2008 October 21, 2019 Prospective home buyers have been undeterred by the approaching Brexit deadline, while sellers have been put off by ongoing uncertainty over UK house prices, according to Rightmove. The price of property coming to market has seen its lowest monthly rise at this time of year since October 2008. Prices are up 0.6 per cent this [...]
German central bank warns economy may have shrunk in third quarter October 21, 2019 The German economy may have contracted in the third three months to September, the country’s central bank has warned, leaving the powerhouse of Europe close to falling into recession. Read more: Eurozone inflation falls to three-year low and below half ECB target A slump in manufacturing and exports lay at the centre of Germany’s economic [...]