US states join Facebook antitrust probe October 22, 2019 An antitrust investigation into Facebook has been backed by 47 attorneys general from across the US. New York Attorney General Letitia James announced today that more states, districts and territories have joined the probe into the social media giant, focusing on Facebook’s dominance in the industry. Read more: MPs challenge Sir Nick Clegg over Facebook’s [...]
Ulez charge drastically cuts London’s air pollution October 22, 2019 London’s pollution charges have significantly decreased levels of toxic gas emitted by vehicles, according to new figures. Mayor of London Sadiq Khan first introduced the Toxicity Charge in October 2017, which forced drivers of older diesel and petrol cars to pay £10 a day to drive in parts of London. Read more: Ulez should include [...]
Butlin’s owner Bourne Leisure plans bid for Sykes Holiday Cottages October 22, 2019 Bourne Leisure Group, the owner of Butlin’s and Haven Holidays, is planning to make a bid for rental property provider Sykes Holiday Cottages. The company is expected to submit a bid for the holiday rental chain before the deadline tomorrow, Sky News reported. Read more: Micro Focus shares sink as Open Text denies it might [...]
Four ways the Brexit deal could change Britain’s economy October 22, 2019 MPs are once again poised to vote on Boris Johnson’s “great new Brexit deal,” following the official release of the Withdrawal Agreement Bill by the government. Read more: Government threatens to pull Brexit bill if MPs vote against timetable Should the House of Commons today pass the bill alongside a motion to ram through legislation [...]
Audit watchdog calls on firms to improve reporting on climate change issues October 22, 2019 Businesses are falling short of investors’ expectations for clearer reporting on climate-related issues, according to a report published today by the audit watchdog. A report from the Financial Reporting Council (FRC) said that “while reporting on climate change is an evolving practice, expectations are changing rapidly”. Read more: Eco-friendly product sales surge on climate change [...]
Brexit latest: Oliver Letwin urges MPs to back programme motion October 22, 2019 Oliver Letwin has urged MPs to back the government on tonight’s programme motion as “the least of the evils”, after the Prime Minister threatened to pull the entire Brexit bill if he was defeated. Introducing the Brexit bill, formally called the Withdrawal Agreement Bill, Boris Johnson this afternoon told MPs he would abandon the bill [...]
Visual effects firm DNEG confirms plans for £150m London listing October 22, 2019 Oscar award-winning visual effects firm DNEG has confirmed plans to list on the London Stock Exchange, saying it will seek to raise £150m from the float. The London-headquartered company said it intends to sell at least 25 per cent of new and existing shares in a bid to fast track its growth plans. Read more: [...]
Crossrail at risk of facing further delays October 22, 2019 Crossrail is increasingly likely to face further cost blowouts and delays, according to a new report. The £15.9bn underground rail line was due to open in December 2018, but now has a target date of between October 2020 and March 2021. Read more: Crossrail to renegotiate pay with Bechtel However, a new report from Jacobs [...]
British flight ban to Sharm el-Sheikh lifted, as airlines eye resort for summer 2020 October 22, 2019 British holidaymakers could soon have the chance to return to the popular Egyptian resort Sharm el-Sheikh, after the government lifted a ban imposed in 2015. Flights to the resort town were suspended after 224 people were killed by the bombing of a Russian airliner, which was linked to the so-called Islamic State group (Isis). Read [...]
Number of companies entering administration leaps by a third in the third quarter October 22, 2019 The number of companies entering administration jumped by more than a third during the third quarter of the year, analysis published today showed. A study of notices in the London Gazette by accountancy firm KPMG showed a total of 417 companies went into administration between July and September 2019, compared with 310 in the previous [...]