Vodafone taps up Onecom for partner deal June 16, 2019 Onecom has today announced a deal with Vodafone UK – the telecoms giant’s largest ever signed partnership – which will allow the two to reach combined business of £600m over the next five years. Following a £30m funding deal with HSBC last month, Onecom said its deal with Vodafone aims to deliver more than £100m [...]
Tech jobs in London rise by almost two thirds June 16, 2019 Jobs in London’s blossoming tech sector have risen by 60 per cent since 2010, as the number of roles in the capital reach 533,000. Figures from the Office for National Statistics revealed there have been 1,000 more tech sector jobs created on average every week in the last five years. Read more: Surge in demand [...]
Group behind Canary Wharf launches bid for transport giant Arriva June 16, 2019 Brookfield Asset Management, the investment vehicle behind Canary Wharf, has launched a bid for transport giant Arriva. It is understood that the German rail giant is seeking between £4bn-£4.5bn for Arriva, which was put up for sale by owner Deutsche Bahn in March in a bid to reduce its €20bn debt pile. Read more: Arriva [...]
Labour mulls new tax on parental gifts that could raise £15bn June 16, 2019 A report commissioned by the Labour Party has recommended replacing inheritance tax with a lifetime tax on all gifts from parents to their children above £125,000. The new tax could raise £15bn in 2020-21, £9.2bn more than the current inheritance tax system. Under the proposals, tax would be levied on gifts received above a lifetime [...]
Rory Stewart makes ‘offer’ to work with Nigel Farage to deliver Brexit June 16, 2019 Tory leadership hopeful Rory Stewart has said he would work with Nigel Farage’s Brexit party to ensure that Britain’s withdrawal from the EU is delivered. The international development secretary, who is one of five candidates jostling to replace Theresa May as leader, told Farage that parliament “has to find a route” to deliver Brexit. “Which [...]
Serco tried to merge with struggling Babcock June 16, 2019 Outsourcing giant Serco has tried twice to merge with its considerably bigger rival Babcock as they both grapple with a tough industry. Serco’s chair, Sir Roy Gardner, reportedly contacted Mike Turner, who heads Babcock’s board, at the end of 2018. Turner rejected the proposal, the Sunday Times reported. However, this did not stop Serco from [...]
Credit Suisse prepares to sue HMRC over tax on bonuses June 16, 2019 Lawyers representing Credit Suisse are preparing for a battle to reclaim more than £200m from the taxman over bankers’ bonuses. The bank was forced to pay a 50 per cent tax on bonuses above £25,000 in 2010. However, it is now looking to claim back at least £239m, claiming the temporary tax unfairly affected its [...]
48m without electricity as power down in all of Argentina and Uruguay June 16, 2019 Around 50m people were thought to be without electricity yesterday as a major fault shut down power in the whole of Argentina. The country’s grid “collapsed” early in the morning, authorities said. Meanwhile, supplies were affected in neighbouring Paraguay and Uruguay. Energy distribution company Edesur Argentina, tweeted this morning that a massive failure in the [...]
Jeremy Hunt says he would be prepared to delay Brexit past October June 16, 2019 Foreign secretary Jeremy Hunt has said he would be prepared to delay Brexit, saying he would not commit to “a 31 October hard stop at any costs”. The Tory leadership hopeful also could not promise that Brexit would be delivered by the end of this year. Read more: Liam Fox backs foreign secretary Jeremy Hunt [...]
Jeremy Hunt slams Corbyn’s ‘pathetic’ response to oil tanker attack blamed on Iran June 15, 2019 The foreign secretary Jeremy Hunt has branded Jeremy Corbyn “pathetic” after the Labour leader said there was no credible evidence that Iran attacked two oil tankers in the Gulf of Oman. Corbyn accused the government of increasing the threat of war after the foreign office said it was “almost certain” the Iranian military were behind [...]