MPs brand watchdog’s RBS GRG report a ‘complete whitewash’ June 13, 2019 Furious MPs tore into the City watchdog today, branding its final report into RBS’ disgraced turnaround unit GRG a “complete whitewash”. The Financial Conduct Authority (FCA) had already come under fire for the amount of time it took to publish the report, in which it outlined the reasons for its lack of action against senior bankers within [...]
Change UK switches name for third time after clash with petition site June 13, 2019 Beleaguered political party Change UK – The Independent Group has been forced to change its name for the third time following a legal challenge from campaigning website Change.org. The party, which lost six of its 11 MPs earlier in the month following disastrous European elections results, announced yesterday that it had signed a legal agreement [...]
British Steel inquiry delayed amid fears findings could affect sale process June 13, 2019 MPs have delayed an inquiry into the collapse of British Steel until the Autumn, amid fears the findings could hurt efforts to find a new owner. The influential Business, Energy and Industrial Strategy Committee group of MPs was set to grill Marc Meyohas, a partner at British Steel’s former owner Greybull Capital, on 26 June. [...]
Ollie Phillips: Warren Gatland should groom Andy Farrell as his British and Irish Lions successor June 13, 2019 Warren Gatland’s unveiling as the British and Irish Lions coach on Wednesday was hardly surprising, but it was an appointment which makes a great deal of sense. Gatland is one of the best coaches in the world and has plenty of motivation on what will be his third Lions tour, to South Africa in 2021. [...]
Scottish government puts Glasgow Prestwick Airport up for sale June 13, 2019 The Scottish government has put the publicly owned Glasgow Prestwick Airport up for sale, just six years after taking ownership of it. The government took control over the airport to stave of the threat of closure as the airport battled poor results. The government bought it for just £1 in 2013. Cabinet secretary for transport, [...]
Packaging maker DS Smith shares on the rise as profits soar June 13, 2019 DS Smith shares rose five per cent today on the news it enjoyed profit boost of nearly one-third last year. The packaging manufacturer said it had plans in place to stockpile goods ahead of Britain’s planned exit from the EU at the end of October. Read more: DS Smith sells plastics division to US private [...]
UK mobile operators ‘must be cautious’ over Huawei June 13, 2019 UK mobile operators should show “all due caution” before using Huawei’s equipment in their 5G networks, culture secretary Jeremy Wright has warned. In a move that will spark further uncertainty over Huawei’s role in UK telecoms infrastructure, Wright said the government must “think carefully” before it makes a decision about the Chinese tech firm. Read [...]
Sir Garfield Sobers interview: West Indies legend on short-pitch bowling, Chris Gayle and the current team’s World Cup chances June 13, 2019 The sport may have evolved since he retired 45 years ago and he may have only played a single one-day international, but Sir Garfield Sobers still knows a thing or two about cricket. The West Indies legend, who played 93 Test matches between 1954 and 1974, scoring 8,032 runs at an average of 57.78 and [...]
Our pick of the new homes going on sale in London this weekend June 13, 2019 250 City Road, EC1V From £985,000Berkeley Homes is launching a collection of 670 sqft one-bedroom apartments at its huge 250 City Road development this weekend. The 48 new homes can be configured based on the buyer’s preference, and are located throughout the new 36-storey Valencia Tower, where residents will benefit from a rooftop yoga terrace [...]
Independent and Evening Standard could face probe over Saudi stakes June 13, 2019 The Independent and the Evening Standard could face an inquiry over public interest concerns after a mysterious Saudi investor took major stakes in the titles. Culture secretary Jeremy Wright today said he is mulling an investigation into the groups behind the two newspapers, amid fears the deals could compromise freedom of expression and the accurate [...]