Lloyd’s of London boss calls for end to daytime drinking in wake of damning harassment survey September 24, 2019 The boss of Lloyd’s of London’s warned insurers today to curb their daytime drinking habits or face being expelled from the insurance community. Chief executive John Neal told City A.M. that he did not think it was sensible for workers to drink a pint at lunchtime, calling on the industry to put an end to [...]
Parliament prorogation: Who is the Supreme Court’s Lady Hale? September 24, 2019 This morning, Supreme Court president Lady Hale delivered a withering verdict on Boris Johnson’s decision to suspend parliament for five weeks, ruling that it was it was unlawful. “The effect on the fundamentals of our democracy was extreme,” she added. Hearing the case were 11 of the Supreme Court’s 12 Justices. It was Lady Hale [...]
Brexit: Bercow reconvenes MPs as Supreme Court rules PM’s prorogation unlawful September 24, 2019 Update: John Bercow has said parliament will resume business tomorrow morning The Supreme Court has ruled that Boris Johnson’s move to prorogue parliament for five weeks was unlawful. Supreme Court president Lady Hale told the court this morning that parliament had not been prorogued, leaving it to Speaker John Bercow to decide the next steps. [...]
Canada denies wrongdoing during arrest of Huawei finance chief September 24, 2019 There is no evidence that officials acted improperly during the arrest of Huawei chief financial officer Meng Wanzhou, the attorney general of Canada has said. The statement came in a filing made public last night, as Meng and her lawyers appeared in the British Columbia Supreme Court in Vancouver. Read more: Huawei CFO’s arrest to [...]
Uber suffers blow as TfL grants it two-month London licence September 24, 2019 Transport for London (TfL) has given Uber a two-month licence to continue in London, in a blow to the ride-hailing app which has been on a corporate reform drive. It is understood that the TfL wants further information from Uber before it will consider granting them a more long-term licence. Read more: Sadiq Khan vows [...]
Blockchain startup Everledger raises $20m in funding round led by Tencent September 24, 2019 UK-based blockchain startup firm Everledger has raised $20m (£16m) in a series A funding round led by Chinese investment firm Tencent. Everledger also received backing from startup funder Graphene Ventures and Fidelity Investments. Read more: Santander issues first end-to-end $20m blockchain bond Founded in 2015 by Australian business woman Leanne Kemp, Everledger uses blockchain technology [...]
Brexit: NCA finds ‘no evidence’ of criminal activity by Arron Banks or Leave.EU September 24, 2019 The National Crime Agency (NCA) has found “no evidence” that Leave.EU or its founder Arron Banks have committed criminal offences. The pro-Brexit campaign group was fined £70,000 by the Electoral Commission in May 2018, prompting the agency to launch a probe into the organisation. Read more: Met Police drop investigation into Arron Banks’ and Nigel [...]
EU Court hands Google victory in right to be forgotten case September 24, 2019 Google combed home a win today as it battled a French demand that it extend European right to be forgotten laws across the world. Europe’s top court said that the search giant is not obliged to remove sensitive personal data worldwide. Read more: Google should be allowed to limit ‘right to be forgotten’, says EU [...]
M&C Saatchi warns on profits as accounting scandal drags on September 24, 2019 Shares in M&C Saatchi hit a seven-year low this morning as the company warned that its operating profit for 2019 is expected to fall below expectations. The ad men said that full-year operating profit was likely to land around five to 10 per cent lower than previously announced. Read more: Shares in M&C Saatchi plunge [...]
Irn-Bru owner AG Barr’s share price rises despite plummeting profits September 24, 2019 Irn-Bru maker AG Barr’s share price rose in early trading as it clung onto its full-year outlook despite posting a huge drop in first half profit. Read more: Irn-Bru maker AG Barr’s share price crashes after profit warning The figures Revenue fell 10.5 per cent year on year to £122.5m for the six months to [...]