How a relationship break-up spurred this founder to build ‘Ebay for travel’ to help flog unwanted holidays May 20, 2019 When you think of unwanted items, holidays don’t tend to spring to mind. But according to Simon Powell, founder of TransferTravel, billions of dollars are wasted globally on unwanted travel every year, while an estimated 220,000 hotel rooms are paid for and never used every day in the US alone, wasting $8.6bn annually. And with [...]
Greenpeace activists blockade BP’s London offices in climate change protest May 20, 2019 Environmental protesters have blockaded BP’s central London headquarters this morning as they claim “this is a climate emergency”. Read more: Extinction Rebellion founder wants to upend the UK's financial sector Greenpeace activists have set up five steel containers outside all entrances to BP’s offices in St James's Square, W1. On Twitter, the group said: “Volunteers have [...]
Ryanair shares drop as profits suffer 30 per cent hit on falling ticket prices May 20, 2019 Irish budget airline Ryanair said today its full year profit fell 29 per cent year on year to €1.02bn (£890m), blaming a fall in fares and issuing a "cautious" warning on profit for the year to come. Shares fell nearly six per cent to hit €10.16 in early trading. The figures The airline said traffic grew [...]
Low & Bonar shares plummet as it fires chief executive and warns on results May 20, 2019 Textiles firm Low & Bonar's shares dropped around 25 per cent today as it fired its chief executive and warned full-year results would fall short of expectations. Philip de Klerk, who took up the role just over a year ago, will leave on 1 July, the firm said. Read more: British Gas owner Centrica's shareholders say [...]
Deutsche Bank staff flagged Trump and Kushner activity as suspicious May 20, 2019 Multiple transactions by legal entities controlled by US President Donald Trump and Jared Kushner, his son-in-law, at Deutsche Bank in 2016 and 2017 set off illicit activity alerts on the bank’s system, according to the New York Times. Read more: Trump pardons fraudster media mogul Conrad Black Anti money-laundering specialists at Deutsche Bank recommended the [...]
Exiles on St Mary Axe: Turkish law firm fleeing Erdogan regime establishes itself in London May 20, 2019 After the failed July 2016 coup against Turkey’s President Recep Tayyip Erdogan, one of the country’s largest law firms was closed by police amid a wider crackdown that saw journalists jailed, judges detained and generals purged. The firm had formerly been the Turkish arm of international legal giant DLA Piper, and its founding partners were [...]
High spirits: City Pub Group cheers investors with sales rise as expansion continues May 20, 2019 The City Pub Group shareholders will this morning be toasting a rise in sales of more than one-third so far this year. Read more: City Pub Group shares rise as it returns to profit The pub operator, which runs 45 sites mainly in London, said sales were up 35 per cent on last year for [...]
Sweden requests arrest warrant for Wikileaks founder Julian Assange over rape allegation May 20, 2019 Swedish prosecutors today filed a request for an arrest warrant for Wikileaks founder Julian Assange. Read more: Sweden reopens rape case against Wikileaks' Julian Assange Assange is wanted in connection to a rape allegation first made against him in 2010. Sweden reopened the investigation last week after closing its file as Assange spent seven years [...]
To avert the deluge, business must unleash its heroic spirit May 20, 2019 After us, the deluge. These are the words not of our Prime Minister, but from another troubled time and uttered by Madame de Pompadour, the lover of King Louis XV of France. The French Revolution would prove the prophecy. And for revolutionaries since, the idea of the deluge has inspired. Karl Marx went as far [...]
DEBATE: Are workplace non-disclosure agreements (NDAs) being attacked unfairly? May 20, 2019 Are workplace non-disclosure agreements (NDAs) being attacked unfairly? Trevor Bettany, partner at Charles Russell Speechlys, says YES. Workplace NDAs have long been used to enable employers and employees to protect their reputations and move on following the breakdown of a working relationship, by providing assurances that neither party can discuss details of the often-disputed complaints. [...]