Facebook launches corporate rebrand amid antitrust concerns November 4, 2019 Facebook has today unveiled a rebrand for the parent company, in an effort to help users understand what apps and companies the tech giant owns and operates following pressure from regulators and politicians. From now on, apps such as Instagram and Whatsapp will show a more prominent “From Facebook” tagline, with a new logo developed [...]
Does WeWork spell the end of the unicorns? November 4, 2019 | Sponsored WeWork has undergone a dramatic fall from grace recently. Just two months ago the office rental start-up was expecting to offer shares to the public at a total business valuation of $47 billion. This soon halved and then investors rapidly pulled their support for an initial public offering (IPO) above $12 billion. The IPO was [...]
TfL adds more trains to Victoria line at peak times November 4, 2019 The Victoria line has increased its capacity by 275,000 passengers each weekday after more trains have been added at peak times. Transport for London (TfL) announced today that one train will arrive every 100 seconds for three hours in the morning and evening – from 7.15am to 10.15am and from 4.15pm to 7.15pm. Read more: [...]
US court orders Donald Trump to hand over tax returns November 4, 2019 A US appeals court has ruled that President Donald Trump’s accountants must hand over eight years worth of tax returns to New York prosecutors. The decision is a blow to Trump, who has been repeatedly resisted calls by political opponents to publish his financial records. Read more: Nancy Pelosi expects Donald Trump impeachment hearings to [...]
Luxury bag retailer Radley doubles size of US business November 4, 2019 Luxury accessories brand Radley more than doubled its US business over a year as customers hunt out classic British heritage brands. Radley – which sells its products in the US in Macy’s department stores, through QVC television and on its own website – is seeking to expand its presence in the country after establishing a [...]
Thomas Cook collapse: MPs slam government inaction and lack of audit reform November 4, 2019 Business secretary Andrea Leadsom has come under fire from MPs for “the extraordinary lack of interest” she showed in Thomas Cook in the run-up to its collapse, amid growing calls for wide-ranging regulatory reform. In a scathing conclusion to the business select committee’s (BEIS) review into the travel giant’s liquidation, MPs expressed their frustration that [...]
The Brexit ‘clock is ticking’ … until the next extension November 4, 2019 | City Talk Brexit is quite possibly the most destabilising event in recent market history. Clearly this has the most direct effect on the UK markets, but it also applies to the remaining member states of the European Union (EU). The idea that ‘financial markets like certainty’ is so often quoted that one wonders why 650 members of [...]
Independent MP John Woodcock to quit at December election November 4, 2019 Independent member of parliament John Woodcock has revealed he will step down as an MP in December’s election. Woodcock said he plans to quit politics after his partner, Spectator assistant editor and author Isabel Hardman, became pregnant. The MP , who was a member of the Labour party until he quit in the summer of [...]
Speaker election: The seven candidates to succeed John Bercow November 4, 2019 The seven candidates to take over from John Bercow and step into the House of Commons’ speakers chair have been announced this morning. After 10 years in the chair, Bercow will be replaced this evening in the speaker’s election after a secret ballot is held. Read more: Boris Johnson pays backhanded tribute to speaker John [...]
Investment bank in talks for £500m Neil Woodford healthcare portfolio November 4, 2019 A consortium led by a boutique life sciences investment bank is in talks to acquire £500m of healthcare assets bought by former star fund manager Neil Woodford. A WG partners-led consortium is the frontrunner to buy the stakes in roughly 15 companies held by Woodford Investment Management, Sky News reported. The potential deal follows Woodford’s [...]