Boris Johnson: Brexit offer ‘is genuine’ attempt to bridge EU gap October 3, 2019 Boris Johnson has addressed MPs on his new Brexit offer, calling it a set of “constructive and reasonable proposals”. The Prime Minister said the plans for the Irish border “do not deliver on everything that we would have wished” but said they represented a compromise that would break the deadlock in parliament. Read more: MPs [...]
UK weather: Coasts braced for ex-hurricane storm Lorenzo October 3, 2019 The UK is set for heavy rainfall and gales today as it braces itself for stormy weather from anticipated remnants of Hurricane Lorenzo. A number of yellow wind warnings for parts of England and Northern Ireland have been released by the Met office ahead of the storm’s arrival, which is set to bring winds up [...]
Facebook can be forced to remove illegal posts worldwide after EU court ruling October 3, 2019 The European Union’s highest court has ruled that courts within the EU can order Facebook to remove worldwide posts by users on the social network that have been declared illegal, in a major blow to the social media giant. The European Court of Justice’s decision came after a former Austrian politician, Eva Glawisching-Piesczek, sought the [...]
H&M shares surge after quarterly profit rise October 3, 2019 H&M reported its first quarterly rise in pre-tax profit in more than two years this morning as sales spiked due to well-received summer collections. Shares rose more than six per cent this morning as the world’s second largest fashion retailer said pre-tax profit in the period from June to August grew to 5bn kr from [...]
Speaker John Bercow loses voice ahead of Prime Minister’s Commons address October 3, 2019 House of Commons Speaker John Bercow has lost his voice on the day Boris Johnson is expected to set out his new Brexit proposals to MPs. Bercow appeared to struggle to speak this morning while taking questions in the Commons. “Order,” he said with a croak, provoking some laughter in the Commons. “It won’t last [...]
Stagecoach to stop share buy back programme at £30m October 3, 2019 Stagecoach will stop its share buy back programme once it has reached £30m, the transport giant announced this morning. Earlier this year, the firm announced a share buy back programme worth up to £60m over the next year following the government’s decision to bar it from three rail franchises. Read more: Abellio takes over East [...]
Metro Bank share price makes further gains after successful bond sale and Vernon Hill exit October 3, 2019 Metro Bank’s share price recovered further gains in its share price this morning following a busy day involving the departure of its controversial chairman and a successful bond sale. Shares in the under-fire lender rose more than five per cent to 240p after the bell this morning, adding to a 26 per cent rise during [...]
Airbnb hires Morgan Stanley and Goldman Sachs to lead stock market listing October 3, 2019 Airbnb is reportedly preparing to hire Morgan Stanley and Goldman Sachs to advise on its planned stock market debut next year. The short-term rental company is considering going public through a direct listing rather than an initial public offering (IPO) in mid-2020, according to Reuters. Read more: Airbnb plots direct listing instead of traditional IPO [...]
Commons to grill Boris Johnson over ‘final offer’ on Brexit October 3, 2019 The Prime Minister will face a grilling in the Commons today, after the government published its “final offer” to Brussels yesterday. Boris Johnson, who also confirmed plans to prorogue parliament for a second time in order to bring forward a Queen’s Speech, enjoyed rapturous applause in front of the party faithful after his conference speech [...]
Notion Capital opens £125m fourth fund October 3, 2019 London-headquartered venture capital investor Notion Capital today announced its fourth and largest fund to date, which will target a final closing value of £125m. Notion, which focuses on European business-targeted software-as-a-service startups, has previously backed the likes of fintech starlet Gocardless, Paddle and self-driving tech firm FiveAI. Notion IV will be aimed at startups around [...]