Daiwa Capital Markets faces $150m bill after Supreme Court appeal loss October 30, 2019 Daiwa Capital Markets Europe faces a $150m (£116m) bill after losing an appeal to the UK Supreme Court today. The court ruled in favour of Singularis Holdings – now in liquidation – in a claim for negligence against the English subsidiary of the Japanese bank. The case relates to a payment Daiwa made at the [...]
Private equity firm Epiris to sell TI Media for £140m October 30, 2019 British private equity firm Epiris will sell Country Life magazine owner TI Media to Bath-based media company Future for £140m, it announced today. Epiris bought TI Media, then called Time Inc UK, from US media group Meredith in February 2018 in a deal thought to be worth around £130m. Under Epiris, TI Media undertook a [...]
Election will not break Brexit deadlock, say majority of Brits October 30, 2019 The majority of Brits think the upcoming General Election will not break the Brexit deadlock as Prime Minister Boris Johnson hopes it will, a new poll has found. Read more: Fourth time lucky as MPs vote for December General Election MPs voted overwhelmingly for a 12 December election yesterday. Johnson is set to campaign on [...]
Revealed: TfL tightened Uber’s driver checks in London licence extension October 30, 2019 Uber’s licensing restrictions have been revealed to include stringent checks on drivers’ documentation and insurance, prompting claims the ride-hailing app has in the past harboured unlicensed drivers. Restrictions were placed on Uber by Transport for London (TfL) in September as a part of a two-month licence extension in September. Read more: Uber suffers blow as [...]
Smurfit Kappa packs a punch with third quarter update October 30, 2019 Packaging company Smurfit Kappa Group (SKG) today announced 11 per cent growth for 2019 so far, with the Dublin-based company’s earnings growing to €1.26bn (£1.09bn). SKG returned revenue of €6.8bn in the nine-month period ended 30 September, three per cent above the same period last year. Read more: GSK posts third quarter sales growth after [...]
Gatwick airport trials speedy plane boarding method in bid to cut queues October 30, 2019 Long queues to board passenger flights could soon be a thing of the past, if new methods being trialled at Gatwick are successful. Britain’s second-biggest airport is working with Easyjet on plans to get passengers on planes more efficiently. Read more: After Gatwick, how do we prevent future drone chaos? Screens at boarding gate 101 [...]
People’s Vote staff on strike in an attempt to oust new chief executive October 30, 2019 The People’s Vote offices have been left virtually empty today after staff went on strike to oppose the current leadership. A staffer told City A.M. that 40 permanent staff of the organisation will not return to work under new chief executive Patrick Heneghan, after they voted no confidence in him and his millionaire backer Roland [...]
Effigy of speaker John Bercow to go up in flames to celebrate bonfire night October 30, 2019 An 11-metre effigy of outgoing Commons speaker John Bercow holding the heads of Boris Johnson and Jeremy Corbyn will go up in flames on Saturday to celebrate bonfire night. Bercow – alongside the prime minister and Labour leader – was today unveiled as this year’s Guy for the Edenbridge Bonfire Society, which has poked fun [...]
Boris Johnson pays backhanded tribute to speaker John Bercow October 30, 2019 Prime Minister Boris Johnson paid outgoing speaker John Bercow a backhanded compliment today when he compared him to lauded physicist Stephen Hawking. Johnson said Bercow has had the “longest retirement since Frank Sinatra” after the speaker announced on 9 September he would step down from the role. Read more: Brexit Party shows its election hand [...]
PMQs: Corbyn hammers Johnson over NHS as election campaign looms October 30, 2019 Jeremy Corbyn kick-started his 2019 election campaign this afternoon, hammering the Prime Minister over the NHS in all of his questions during PMQs. The Labour leader claimed Boris Johnson’s “sell-out” Brexit deal would see NHS money “going into private profit”. He argued a Channel 4 Dispatches investigation, broadcast this week, showed the health service had [...]