Government missing its targets on climate change, advisers warn July 10, 2019 The government’s own advisers today warned that it is not going far enough in the battle against global warming. The Committee on Climate Change (CCC) said ministers may be left with egg on their face if they host the UN’s next climate change conference without getting their own house in order. Read more: A citizens’ [...]
Labour should be riding high, instead they’re drowning in scandal and incompetence July 9, 2019 With the Tory party engaged in a civil war (albeit one tempered by the Queensbury Rules) a competent opposition could expect to spend the summer shoring up a lead in the polls and presenting itself as a government in waiting. Unfortunately for the Labour party, competence eludes them. Yesterday, Jeremy Corbyn was finally forced off [...]
B&Q owner Kingfisher suffers shareholder rebellion over executive pay July 9, 2019 B&Q owner Kingfisher today suffered a shareholder rebellion over executive pay as investors opposed the chief executive and finance chief’s combined pay packet of more than £3m. Almost a quarter of shareholder’s that took part in the vote opposed the remuneration report, which will see chief executive Veronique Laury, who is set to step down [...]
Plans for internet regulation ‘could lead to censorship’ July 9, 2019 Government plans to crack down on internet firms over online harms could lead to the UK having the highest level of online censorship of all major democracies, a City law firm has warned. In its response to a recent government white paper, RPC said plans to hold businesses accountable for material posted to their platforms [...]
US to grant licences for sales to Huawei if national security is protected July 9, 2019 The US government will issue licences to American companies looking to sell to Huawei as long as there is no threat to national security, commerce secretary Wilbur Ross has said. Read more: Huawei will not pass information to Beijing, says Chinese ambassador President Donald Trump last month appeared to row back on his clampdown against [...]
US billionaire and ex-presidential candidate Ross Perot dies aged 89 July 9, 2019 US billionaire and two-time presidential candidate Ross Perot has died at the age of 89, his family has said. The feisty Texan tech tycoon made his name and his fortune after selling a majority stake in the data company he founded to General Motors for $2.5bn (£2bn) in 1984. But he was best known for [...]
Deadline extended for Barrick’s Acacia bid July 9, 2019 Barrick Gold has said it needs more time to firm up its indicative offer for Acacia Mining. The Canada-based gold miner now has until 19 July to form make a proposal to investors holding the 36.1 per cent of Acacia shares it does not yet own. Read more: Acacia production bounces after shareholder opposes Barrick [...]
Marriott International to be fined £99m for data breach July 9, 2019 Hotel chain Marriott is set to be fined more than £99m for a data breach that compromised the personal details of roughly 393m guests. The Information Commissioner’s Office (ICO) today announced its intention to hand down the fine following an “extensive” investigation into the breach. Read more: British Airways set for £189m fine for 2018 [...]
Labour peers resign party whip in protest at ‘institutional antisemitism’ July 9, 2019 A former boss of the Labour Party is one of three Lords to resign the party whip in protest at its handling of antisemitism. Lord Triesman, general secretary of Labour under Tony Blair, resigned on Tuesday afternoon, claiming the party is “very plainly institutionally antisemitic”. The peer, who also served as a junior minister under [...]
Annual fall in suspect share dealing occurring before takeovers, FCA report finds July 9, 2019 Suspect share price movements that occur before takeover announcements and imply insider trading fell to its lowest level in more than a decade last year, the UK’s financial watchdog revealed yesterday. Roughly one in ten takeovers were linked with unusual share price moves over the course of 2018, according to a “market cleanliness” indicator released [...]