Four energy suppliers at risk as Ofgem clamps down on late green payments October 1, 2019 Fresh concerns were raised today over the future of four small energy suppliers after Ofgem warned it could revoke their licenses if they did not pay into a renewables fund run by the regulator. Nearly £15m is missing from a kitty set up to fund renewable project, Ofgem said. Read more: Ofgem opens investigation into [...]
It’s International Coffee Day, unless you’re Boris Johnson October 1, 2019 It’s International Coffee Day for everybody but the Prime Minister, apparently. While the rest of the UK enjoyed a free Costa coffee today, or at least treated themselves to a mug of instant, Boris Johnson found himself much in need of a caffeine hit at the Conservative Party Conference in Manchester. Read more: Boris Johnson [...]
British Land gets green light for ‘exciting’ £3.3bn Canada Water town centre makeover October 1, 2019 A major south London commuter hub is set to get a £3.3bn face lift over the next 15 years, after Southwark Council granted planning permission last night for a new town centre in Canada Water. The scheme, drawn up by property giant British Land, will create 3,000 homes and accommodate 20,000 jobs. Developers hope it [...]
Ex-London mayor Boris Johnson blames successor Sadiq Khan for fuelling Arcuri claims October 1, 2019 Boris Johnson has blamed London mayor Sadiq Khan for fuelling allegations about his relationship with businesswoman Jennifer Arcuri. The Prime Minister is facing claims that he offered Arcuri favourable treatment while he was mayor of London, allowing her to accompany him on high-profile trade missions and receive £126,000 in public money – privileges she allegedly [...]
John Lewis to axe a third of senior managers to save £100m October 1, 2019 The John Lewis Partnership is slashing its senior management layer by one third in a shock £100m bid to cut costs at the struggling retailer. Around 75 senior managers will get the axe from the current total of 225 in head office, John Lewis said. As part of the shake-up, the embattled chain also revealed [...]
Ranked: The best and worst London boroughs for broadband October 1, 2019 Broadband speeds in the City are the lowest of any London borough, according to new data on internet speeds across the capital. The data, compiled by Broadband Choices, shows massive disparities in average download speeds, with the fastest borough clocking up an average speed over three times quicker than the slowest. Read more: Boris Johnson [...]
Ryanair boss Michael O’Leary says package holiday market ‘is over,’ weeks after Thomas Cook collapse October 1, 2019 Ryanair’s chief executive has taken a swipe at the package holiday industry, weeks after the firm that effectively founded it, Thomas Cook, went bust. Michael O’Leary, the budget airliner’s longstanding and often outspoken boss, said the market “is screwed, it’s over”. Read more: FRC watchdog probes EY audit of Thomas Cook accounts Ryanair cut its [...]
Man arrested after dousing himself in ‘petrol’ and carrying a lighter outside parliament October 1, 2019 Police have detained a man on Parliament Square in Westminster after he reportedly doused himself with what seems to be a flammable liquid. He was arrested at around 10.44am, the Metropolitan Police Service said on Twitter. He was sprayed with a fire extinguisher. The man was carrying a lighter and was detained under the Mental [...]
Hong Kong protests: Activist shot as clashes overshadow China’s National Day October 1, 2019 A Hong Kong protester has reportedly been shot in the chest by a live police round, overshadowing China’s celebrations of its 70th anniversary of Communist rule. First aid workers were seen tending to an injured man on the street, according to South China Morning Post, which reported that police hit a demonstrator in the chest [...]
Job losses mount as no-deal Brexit fears hit UK manufacturing output October 1, 2019 The UK manufacturing sector could be sliding into recession as output remained in the red and job losses piled up in September, according to a closely-followed industry measure. Factory activity hit 48.3 on IHS Markit’s UK Manufacturing Purchasing Managers’ Index (PMI) last month, data revealed today. Read more: ‘Grim’ reading: Eurozone manufacturing sector hits seven-year [...]