Back to the future: London unveils first fully electric taxi since… 1897 October 23, 2019 A completely electric taxi hit London’s roads today, although the first fully electric vehicle came to the capital more than 100 years ago. The zero emissions Dynamo Taxi, made from a converted Nissan e-NV200 Evalia MPV, was unveiled as a part of the International Clean Air Conference at City Hall. Read more: Electric taxi cab [...]
Goals Soccer Centres: Sports Direct says ‘skulduggery’ wiped out shareholders October 23, 2019 Retailer Sports Direct has today blasted the management of Goals Soccer Centres after the five-a-side football firm delisted from Aim after an accounting scandal. Goals suspended shares in March after saying its financial results contained a misdeclaration of VAT, leaving a black hole in its accounts of more than £12m. Read more: Goals Soccer Centres [...]
The three fastest-growing trends in healthcare October 23, 2019 | City Talk Healthcare providers around the world are seeking to change the way that care is delivered to patients, due to increased pressure on budgets and higher demand for services. A small minority of patients (with chronic or long-term conditions) often account for a large percentage of overall spending. By treating these patients more effectively and taking [...]
Exclusive: Flexible office space firm Central Working falls into administration October 23, 2019 London-based flexible office space group Central Working has collapsed into administration. The co-working business, which hosts 1,850 companies across 11 sites in the UK, has appointed administrators from independent advisory firm Quantuma. Read more: Softbank seizes control of Wework in deal making Adam Neumann a billionaire A letter to tenants seen by City A.M. said [...]
Peugeot maker PSA Group boosts revenue despite sales slip October 23, 2019 Peugeot maker PSA Group today reported higher revenue for the third quarter, even as its sales slowed globally. The French carmaker was boosted by higher demand for its more expensive sports utility vehicle (SUV) models. PSA said revenue from the three months ended September rose one per cent to €15.6bn (£13.5bn). Read more: Peugeot maker [...]
CMA fines concrete cartel £36m for pushing up prices for seven years October 23, 2019 A concrete cartel must pay a £36m fine for breaking competition law for almost seven years. The Competition and Markets Authority (CMA) has ordered three firms to cough up after fixing prices between July 2006 to March 2013. Read more: Audit watchdog calls on firms to improve reporting on climate change They also shared the [...]
Starling Bank raises £30m amid European expansion plans October 23, 2019 Starling Bank has raised £30m as part of an effort to ramp up its expansion into Europe. The British fintech giant, which claims to be on track to reach 1m accounts by the end of this year, has been tapping up fresh funds for its bullish expansion and investment in B2B banking services as well [...]
Design flaws linked to Boeing’s Lion Air crash, families of victims told October 23, 2019 Design troubles in Boeing’s 737 Max have been linked to the crash of a Lion Air flight which killed almost 200 people. Indonesia has reportedly shared a report into the details of a deadly crash with the families of victims, revealing that the Lion Air 737 MAX’s Maneuvering Characteristics Augmentation System (MCAS) was based on [...]
Boris Johnson to seek general election if EU opts for longer Brexit delay October 23, 2019 Boris Johnson will press for a general election if the EU moves to delay Brexit until 2020, Number 10 has hinted. The Prime Minister was forced to pause his Brexit bill yesterday after MPs rebutted his attempt to get it through parliament in just three days. Read more: Boris Johnson ‘pauses Brexit bill’s passage after [...]
Metro Bank chairman Vernon Hill insists ‘best is yet to come’ after quitting with immediate effect October 23, 2019 Metro Bank chairman Vernon Hill is stepping down today with immediate effect, resigning from the embattled lender after a torrid 12 months. The colour and controversial chairman has insisted that “the best is yet to come” for the troubled bank, which is set to reveal its third-quarter results after the bell today. Read more: Bond [...]