City chiefs hit back after Jeremy Corbyn criticism October 31, 2019 City chiefs hit back at Jeremy Corbyn last night after the Labour leader launched a stinging personal attack on some of the country’s most prominent business figures. Retail tycoon Mike Ashley, branded a “bad boss” by Corbyn, told City A.M. the Labour leader was “clueless” and accused him of lying. Read more: Tories tap up [...]
Judgment imminent in Lloyds’ shareholders £600m financial crisis-era group action October 31, 2019 The long-awaited judgment in a financial crisis-era shareholder action against Lloyds Banking Group and five former directors of Lloyds TSB is expected imminently, according to people close to the case. The £600m claim focused on Lloyds TSB’s acquisition of HBOS in autumn 2008 at the height of the financial crisis. The claimant group of 300 [...]
Donald Trump slams Jeremy Corbyn and says Boris Johnson’s Brexit deal a block to US trade October 31, 2019 US President Donald Trump has waded into the UK General Election debate, saying Labour leader Jeremy Corbyn would be “so bad” for Britain. Yet Trump also warned Prime Minister Boris Johnson that “certain aspects of” his Brexit deal mean the US “can’t make a trade deal with the UK,” despite the Trump administration wanting to. [...]
Live: Donald Trump wades into General Election debate in Nigel Farage interview October 31, 2019 US President Donald Trump has waded into the UK General Election in typical style, saying Jeremy Corbyn would be “so bad” for Britain. Read more: General Election: Jeremy Corbyn pledges to go after ‘greedy bankers’ In an interview with Brexit party leader Nigel Farage on London’s LBC radio, the President said: “Your country has tremendous [...]
Fiat Chrysler and Peugeot owner PSA have agreed a merger which could reshape the car industry October 31, 2019 Fiat Chrysler (FCA) and Peugeot owner PSA have agreed to go after a merger which would create a €180bn (£155bn) revenue automotive industry titan. PSA and FCA said they had decided to “work towards” a deal which would give shareholders in each company 50 per cent ownership of the new firm, creating the fourth-largest car [...]
Labour MP Lloyd Russell-Moyle wants no billionaires in Britain October 31, 2019 Labour MP Lloyd Russell-Moyle has said there should be no billionaires in Britain during a combative radio interview. The Brighton Kemptown MP said he doesn’t “want this country to work for billionaires, I want it to work for normal people”. Read more: Jeremy Corbyn launches Labour’s election campaign Speaking to Emma Barnett on the BBC’s [...]
BT boss Philip Jansen says full-fibre rollout should be ‘top priority’ for next government October 31, 2019 BT’s new chief executive, Philip Jansen, has urged the next government to put a full-fibre rollout at the very top of its to-do list as he warned the UK is growing hungrier for data. While British homes currently have just five connected devices, BT predicts that number will soar to 100 within just five years [...]
Jennifer Arcuri’s £100,000 grant deemed ‘appropriate’ by government audit October 31, 2019 A £100,000 grant given to Boris Johnson’s American friend Jennifer Arcuri has been deemed to be “not unreasonable” and “appropriate”, despite the funding being intended to grow the UK tech sector. The Department for Digital, Culture, Media and Sport (DCMS) grant was given to Arcuri’s US-based company Hacker House earlier this year. Read more: London [...]
Watchdog calls for police restraint over use of ‘invasive’ facial recognition October 31, 2019 The head of the UK’s data protection watchdog has called for the creation of legal guidance on the use of live facial recognition (LFR) and urged the police to exercise restraint in their use of the technology. Video surveillance coupled with the use of facial scanning software should only be used when it is “strictly [...]
London hotel room rates drive revenue growth at PPHE October 31, 2019 FTSE 250 hotel group PPHE, which operates Park Plaza hotels, reported revenue growth in the third quarter driven by a strong performance at its London destinations. The company, which is also developing two London Art’otels in Battersea and Hoxton, said like-for-like revenue increased 5.6 per cent to £120.2m in the three months to the end [...]