Wind sector set to add enough capacity to power Britain each year July 8, 2019 The world is set to add enough wind turbines to more than power Britain’s at peak demand each year, new analysis shows. Consultancy Wood Mackenzie today said that global wind producers are expected to bring 71 gigawatts (GW) of capacity online each year until 2023. Read more: The answer to the UK’s renewable energy future [...]
British Airways owner set for record £183m fine after 2018 data breach July 8, 2019 British Airways is gearing up to face a record £183m fine by authorities after a data breach caused it to lose more than 400,000 customers’ information. The airline’s owner, International Consolidated Airlines Group (IAG), announced this morning it would make “any necessary appeals” in response to the penalty. Read more: British Airways data breach: How [...]
Deutsche Bank wields the axe in London as traders sent home July 8, 2019 Traders were sent packing from Deutsche Bank’s London office today as the German lender shuttered its entire share-dealing department. Read more: City jobs at risk as Deutsche Bank prepares to slash 18,000 roles globally Numerous bankers were given until 11am to vacate their offices, while bosses held conference calls to inform different teams about their [...]
JPI Media in talks to sell i newspaper and regional titles July 8, 2019 The hedge fund owners of the i newspaper and hundreds of regional titles are reportedly in talks to break up the publishing group and sell its assets. JPI Media, the company formed last year to buy out Johnston Press, has set a deadline of Monday for preliminary offers for papers including The Scotsman and The [...]
Pro-Brexit Labour MP Kate Hoey to stand down at next election July 8, 2019 Brexit-backing Labour MP Kate Hoey has announced she is standing down at the next election. Hoey has represented the Vauxhall constituency in south London since 1989, and was returned at the last election with a majority of more than 20,000. She is one of the most vocal backers Brexit from the Labour benches, and joined [...]
Gatwick Airport train station to get £150m revamp July 8, 2019 Gatwick Airport train station is to receive a £150m upgrade after the government agreed to the cash injection to reduce delays and congestion. The revamp, which will double the size of the station concourse, widen two platforms and increase the number of lifts, is designed to reduce congestion and overcrowding as the UK’s second largest [...]
Up in smoke: Imperial Brands to put breaks on dividend July 8, 2019 British tobacco giant Imperial Brands is set to abandon its ten per cent dividend growth target as it focuses on catching the vaping market. The news came alongside a £200m share buyback, sending the company soaring on the London exchange. Read more: Puffed – Imperial Brands shares drop on vaping slowdown Shares rose 2.74 per [...]
Matalan warns on margins after ‘tough’ May July 8, 2019 Matalan warned today that poor spring weather would dampen its second quarter results after the retailer was forced to slash prices. The budget fashion brand said May was one of the toughest months “in a number of years”, after unseasonable weather lead to earlier discounting. Read more: Matalan boosts revenue despite tough retail climate Total revenue [...]
Campaigner Heather Mills wins payout over phone hacking claims July 8, 2019 Former model Heather Mills has said she feels “joy and vindication” after reaching a settlement against the now-defunct News of the World over long-standing phone hacking claims. Mills, the former wife of Beatles star Paul McCartney, claimed she had won the “highest media libel settlement in British history” and a “complete and unmitigated apology for [...]
British Airways looks to avert disruption of pilot strikes during busy summer months July 8, 2019 British Airways today began talks with pilots in an attempt to stop them striking over the summer. Pilots met company representatives at the conciliation service Acas after rejecting a pay increase of 11.5 per cent over three years. The airline has said the pay rise is “fair and generous”. Read more: Oman Air beats British [...]