Authorities raid Greek banks in collusion probe November 8, 2019 Greece’s biggest banks have been raided by authorities, the country’s watchdog said today. The head offices of National Bank, Eurobank, Alpha Bank, Attica Bank and the Greek bank association were all searched by inspectors as part of an investigation. Read more: HSBC receives second Bank of England warning Bankers told Reuters that the offices had [...]
SNP leader Nicola Sturgeon says she would ally with Labour in return for an independence vote November 8, 2019 The Scottish National Party (SNP) will seek a “progressive alliance” with the Labour Party if next month’s election leaves no one party with a clear majority, its leader Nicola Sturgeon said today. The UK heads to the polls on 12 December for an election called by Prime Minister Boris Johnson to try and get a [...]
Mamas & Papas to shutter stores in pre-pack administration deal November 8, 2019 Maternity retailer Mamas & Papas has called in administrators in order to shutter loss-making stores just days after the collapse of rival firm Mothercare. Bluegem Capital, the owner of Mamas & Papas since 2014, has regained control through a pre-pack administration – an insolvency procedure – which has allowed the retailer to close six unprofitable [...]
Focus on Barnsbury: An elegant oasis between Islington and King’s Cross November 8, 2019 Barnsbury counts bustling King’s Cross and lively Upper Street among its neighbours. But if you were blindfolded and dropped in the middle of one of its streets you’d probably think you were in a sedate suburb rather than the heart of N1. Firstly, it is very quiet – so quiet that, in 2013, one of [...]
Jet2 buys Thomas Cook’s slots at Stansted, Manchester and Birmingham airports November 8, 2019 Budget airline Jet2 has snapped up Thomas Cook’s airport slots at Stansted, Manchester and Birmingham, the collapsed travel company’s liquidators confirmed today. The official receivers did not reveal how much Jet2 paid for the landing and take off slots, which came hours after Easyjet bought Thomas Cook’s slots at Gatwick and Bristol. Read more: MPs [...]
General Election 2019: Boris Johnson and Jeremy Corbyn to go face-to-face in BBC debate November 8, 2019 The BBC is set to host a live debate between Boris Johnson and Jeremy Corbyn. The party leaders will go head-to-head in a televised debate on 6 December, just days before the general election. Jo Swinson, the leader of the Liberal Democrats, has not been asked to attend the debate. Read more: General Election announcement [...]
Property of the Week: A modern mews hidden in the heart of the legal district November 8, 2019 London lawyers looking for a pied-a-terre could find their perfect home in this secluded new mews development in the heart of the legal district. Pinks Mews is a Victorian block on Dyers Buildings; a quiet gated street set just behind the hustle and bustle of Holborn. It has just been redeveloped to create 35 luxury, [...]
Honda cuts operating profit outlook by 10 per cent due to strong yen and falling motorcycle sales November 8, 2019 Honda has cut its annual profit expectations by 10 per cent and said it would buy back $915m shares over the rest of the financial year. Japan’s third biggest car maker is now predicting an operating income of ¥690bn for the year ending March 2020. Read more: Crossrail will not open until 2021 and could [...]
Crossrail will not open until 2021 and could run £650m over budget, bosses admit November 8, 2019 Crossrail will not open until 2021 and will run up to £650m over budget, transport bosses admitted today. The long-awaited Elizabeth Line, which was originally due to open in December 2018, will not open until “as soon as practically possible in 2021”, Transport for London (TfL) said. Crossrail chief executive Mark Wild warned technical issues [...]
UK weather: ‘Danger to life’ flood warnings in place as river levels rise in northern England November 8, 2019 Severe weather warnings are in place across northern England signifying a “danger to life” as a result of rising river levels. Parts of northern England and the midlands had a month’s worth of rain fall in 24 hours on Thursday and overnight. There are five severe warnings in place along the River Don in Doncaster [...]