Property tycoon Nick Candy courts Saudis over Capco takeover bid October 20, 2019 Property magnate Nick Candy is said to be in talks with a Saudi investment fund over a potential takeover bid for Capital & Counties (Capco), the owner of Earls Court and Covent Garden. Candy, who developed the One Hyde Park complex with his brother Christian, has held early-stage discussions with Saudi Arabia’s Public Investment Fund [...]
Top City PR quits People’s Vote campaign amid blistering boardroom row October 20, 2019 City public relations tycoon Roland Rudd is set to quit his top role in the People’s Vote campaign as the anti-Brexit movement is rocked by a fierce boardroom battle. Rudd, founder and chairman of financial PR firm Finsbury, is reportedly set to resign as chairman of Open Britain, one of the key organisations behind the [...]
Supermarket chain Iceland takes a hit as insurers freeze out suppliers October 20, 2019 Suppliers to supermarket chain Iceland are said to have had their insurance cover cut amid concerns about the impact of Brexit on the company’s supply chain. Paris-based insurer Euler Hermes reduced the credit cover it provides to Iceland’s suppliers over the summer, while rival Atradius is also mulling a possible cut, the Sunday Times reported. [...]
Brexit: Government sticks firm to its October 31 deadline October 20, 2019 Senior cabinet ministers are insisting the UK will leave the European Union on 31 October, despite the prime minister’s letter to Brussels requesting an extension. Boris Johnson was forced by parliament to send the letter – which he left unsigned – to Brussels asking for an extension last night. It was accompanied by a second [...]
Brexit Super Saturday vote live: PM’s deal blocked as Letwin amendment passes October 19, 2019 15:10pm Well that’s it. Super Saturday has descended into…. Soggy, Stupid Saturday. Boris Johnson’s last minute Brexit deal has been blocked, and he says he won’t “negotiate further delay”. Will he send a letter? Who knows. His spokespeople repeatedly refused to answer any questions on the matter. Leader of the House Jacob Rees-Mogg has announced [...]
Police pin man to ground outside parliament as anti-Brexit protests reach Westminster October 19, 2019 Police have dealt with an “incident” outside the Houses of Parliament as a man attempting to gain entry to a prohibited section of the parliamentary estate was taken away by the authorities. As MPs are set to vote on Boris Johnson’s Brexit deal in the House of Commons seven members of the City of London [...]
Serious Fraud Office shut down Libor rigging investigation October 19, 2019 The Serious Fraud Office (SFO) has shut down an investigation into the rigging of Libor. Libor is the benchmark interest rate that tracks the cost of borrowing cash. The decision comes despite evidence implicating the Bank of England, the BBC reports. Read more: Regulators say firms must not wait to move away from Libor The [...]
Brexit march: Hundreds of thousands descend on Westminster in People’s Vote protest October 19, 2019 Hundreds of thousands of activists are gathering in central London today to demand a referendum on Boris Johnson’s Brexit deal. As MPs prepare to vote on the Brexit deal, the People’s Vote march will head to Westminster to demand the public have a final say on Britain’s departure from the EU. The march will begin [...]
Boeing employees exchanged texts over 737 Max safety issues in 2016 October 19, 2019 Employees of Boeing exchanged messages about the issues with the 737 Max’s automated safety system as it was being certified in 2016, new information has revealed. A pilot said he had run into unexpected trouble during the tests, it was revealed in documents provided to lawmakers. He said that unknowingly he had “basically lied to [...]
Bonmarche collapses due to ‘challenging trading conditions’ putting 3,000 jobs at risk October 19, 2019 Womenswear retailer Bonmarche has collapsed into administration putting 2,887 jobs at risk. The high street brand with a target demographic of women over 50 was placed into administration on Friday by directors following a “sustained period of challenging trading conditions and cash flow pressure”. Read more: WTO gives go-ahead for $7.5bn of US tariffs on EU [...]