Pessimism among global business rises over trade tensions and Eurozone slowdown August 6, 2019 Pessimism among global businesses has risen sharply in the third quarter of the year as US-China trade tensions, the slowing Eurozone economy, and the rising chances of a no-deal Brexit spook firms. Read more: China hits back after US labels rival a currency manipulator The quarterly global risk survey from Oxford Economics, released today, showed [...]
Watchdog tells firms to go ‘above and beyond’ law to co-operate in investigations August 6, 2019 The fraud watchdog has told firms they will need to go “above and beyond what the law requires” if they want to co-operate with its investigations. Guidance of corporate co-operation released by the Serious Fraud Office (SFO) states that firms need to be willing to identify any individuals suspected of wrongdoing “regardless of their seniority [...]
MPs launch legal action to prevent no-deal Brexit parliament shutdown August 6, 2019 A group of MPs has launched legal action designed to stop the Prime Minister from forcing through a no-deal Brexit by shutting down parliament. Liberal Democrat leader Jo Swinson, SNP MP Joanna Cherry and former Labour MP Heidi Allen are among the 75 politicians from both houses putting their name to legal papers lodged at [...]
Boohoo snaps up Karen Millen and Coast brands for £18m August 6, 2019 Fast fashion company Boohoo has bought the Karen Millen and Coast brands out of administration for £18.2m, putting more than 1000 jobs at risk as store closures loom. The online retailer said it made the acquisitions after Karen Millen entered administration this afternoon. Boohoo shares were up 6.65 per cent following the announcement. Read more: [...]
Meggitt rides wave of US defence spending spree to defy Boeing 737 Max woes August 6, 2019 Engineering firm Meggitt enjoyed a five per cent spike in its share price this morning after upping prediction for annual revenue growth to between four per cent and six per cent. The FTSE 250 defence contractor has taken a significant hit in recent months, after Boeing grounded its 737 Max jet earlier this year in [...]
Michael Gove rubbishes Irish PM Leo Varadkar’s claims over Brexit talks August 6, 2019 The UK government has accused the EU of refusing to budge on Brexit negotiations, despite Ireland’s leader claiming there was “always room for talks”. Taoiseach Leo Varadkar told the BBC he was confident a no-deal Brexit could still be avoided, despite Prime Minister Boris Johnson stressing the UK will leave the European Union “do or [...]
Workspace giant IWG launches £100m share buyback scheme August 6, 2019 Office space provider IWG has launched a £100m share buyback and increased its dividend. The company, which operates under the Regus brand, increased its interim dividend 10.3 per cent to 2.15p per share as it announced it would repurchase £100m worth of shares by 5 August next year. Read more: Workspace giant IWG posts double [...]
Disgraced former Labour MP Fiona Onasanya struck off as a solicitor August 6, 2019 Disgraced former Labour MP Fiona Onasanya was struck off as a solicitor today after a hearing in London. Read more: Former Labour whip found guilty of perverting the course of justice The ex-Labour whip was found guilty of perverting the course of justice in December after lying to police to avoid a speeding fine. The [...]
New Media forms largest US newspaper group after $1.4bn Gannett takeover August 6, 2019 US local media giant New Media Investment Group has bought rival Gannett for $1.4bn (£1.1bn), forming the country’s largest newspaper owner. Virginia-based Gannett owns USA Today, as well as over 160 UK publishers including Newsquest and online marketing firm Reachlocal. Read more: Media group Future buys US publisher Smartbrief for up to $65m New Media [...]
Users of Gospel Oak to Barking line get month of free travel following delays August 6, 2019 Users of a London Overground line that has been beset by delays and setbacks have been given a month of free travel as compensation. London mayor Sadiq Khan requested free travel for the users of the Gospel Oak to Barking line, which will now be in place from 31 August to 1 October. Read more: [...]