General Election 2019: Labour promises ‘workplace revolution’ November 7, 2019 Labour will tomorrow promise a “workplace revolution”, as part of a radical step-change in how women are treated as work. Shadow women and equalities secretary Dawn Butler will set out how a Labour government will create a ‘Workers’ Protection Agency” that would have the power to fine firms for failing to report or tackle their [...]
General Election 2019: Tory candidate throws in the towel after backlash from ‘unacceptable’ rape comments November 7, 2019 A Conservative election candidate who said that women should “keep their knickers on” during a conversation about rape has stood down from the contest. Nick Conrad, a BBC Radio Norfolk host, made a series of comments during a live debate about footballer Ched Evans, who was convicted of rape five years ago, before the sentence [...]
Emirates profit soars as fuel price dip gives airline a boost November 7, 2019 Emirates airline saw profit nearly quadruple in the first half of the year, bouncing back from its lowest half-year results in a decade in 2018. The Dubai-based firm, which is owned by the state, cashed in on a decline in global fuel prices, but said global currency movements had an adverse impact. The state-owned airline [...]
Update UK electoral law on political ads, says Facebook November 7, 2019 Facebook has called for UK politicians to regulate online political adverts, and said Britain’s electoral law “needs to be brought into the 21st century” as they defended the social media giant’s controversial decision to allow political adverts on its platform. Head of UK public policy Rebecca Stimson said Facebook was “better prepared than ever before” [...]
UK lowers security risk for Straits of Hormuz shipping November 7, 2019 The UK today lowered the security risk for UK-flagged tankers travelling through the Straits of Hormuz, more than a month after the Stena Impero was released from detention by Iran. The Gulf state’s revolutionary guards seized the British tanker was seized in response to Britain’s capture of an Iranian vessel off Gibraltar. Read more: Saudi [...]
HSBC receives second Bank of England warning over ‘non-financial risks’ November 7, 2019 HSBC has received a second warning from the Bank of England over its lack of progress tackling so-called non-financial risks, according to people familiar with the matter. Read more: ‘Not acceptable’: Profit sinks at HSBC Samir Assaf, chief of global banking and markets at the lender, told other executives on a call this week that [...]
Wetherspoon faces backlash over Brexit campaign spending November 7, 2019 Investors have been urged to oppose JD Wetherspoon’s financial report over its failure to get shareholder approval for pro-Brexit spending. Influential shareholder advisory firm Pirc said Wetherspoon had not cleared referendum campaign spending, which included £94,856 on almost 2m pro-leave beer mats ahead of the 2016 vote. Read more: Wetherspoon’s boss Tim Martin slams elite [...]
Aston Martin is hoping next year’s James Bond movie will boost sales November 7, 2019 The chief executive of ailing luxury car manufacturer Aston Martin hopes next year’s James Bond movie will give the firm a financial boost. Shortly after announcing the company had fallen to a £13.5m loss in the third quarter of the year, Andy Palmer said the series usually gives Aston Martin a lift in China, a [...]
US stock markets rise as Beijing and Washington agree to scrap some tariffs November 7, 2019 US stock markets have opened higher after China said it had agreed with the US to cancel tariffs in phases, signalling a thawing of the frosty trade relations between the world’s two biggest economies. Read more: European markets rise on US-China trade war hopes The tech-heavy Nasdaq rose by 0.7 per cent shortly after opening, [...]
Commerzbank forecasts profit drop amid challenging conditions November 7, 2019 Commerzbank has warned that its profit for the year will be below previous expectations, as lower for longer interest rates take their toll on the German banking giant. Citing the negative impact of monetary policy and geopolitical uncertainty, the lender said that net profit for the year would be lower than last year. Read more: [...]