Government plan sets UK on track to cut emissions to zero by 2050 June 11, 2019 Parties and campaign groups praised the Prime Minister as she today announced a plan to eliminate Britain’s contribution to global warming by mid-century. A government bill, introduced tomorrow, will put Britain on a path more ambitious than any other G7 economy. It calls for the country to reach net zero emissions by 2050. “This is [...]
Labour launches plan to make ‘no deal’ Brexit illegal June 11, 2019 Labour are set to launch an audacious bid to make it illegal for the UK to leave the EU without a Brexit deal. The party will force a vote in parliament on Wednesday afternoon to make it possible for MPs to introduce legislation on 25 June ruling out a ‘no deal’ Brexit. The plan has [...]
Tory leadership hopeful Rory Stewart: I can beat Boris and I will stick up for the City of London June 11, 2019 Rory Stewart may have walked through the Afghanistan desert, written several books and even served as a deputy governor in Iraq during the war, but the greatest challenge of his career to date could be far closer to home: beating Boris Johnson. The international development secretary’s softer stance on Brexit and conciliatory approach has forced [...]
Lloyd’s of London insurer opens investigation amid ‘fresh harassment claims’ June 11, 2019 Tokio Marine Kiln (TMK), one of the Lloyd’s of London’s top insurance firms, is conducting an investigation amid claims two executives harassed colleagues. The claims deepen the scandal surrounding workplace culture at Lloyd’s of London. Allegations are believed to include one executive groping colleagues and making lewd sexual remarks. Another has been accused of stalking [...]
They call it ‘the idiot box’ for a reason… June 11, 2019 The competition to become leader of the Conservative Party – and, by default, prime minister – is still in its early stages, yet has already been extraordinary. We peaked at 13 hopefuls, which has now been whittled down to ten registered runners, of whom five are members of the current cabinet (four of the others resigned [...]
Tinkler says it’s time to move on from Stobart court clash after appeal refused June 11, 2019 Former Stobart boss Andrew Tinkler said he was putting his courtroom battle with the company behind him after a court refused him permission appeal today. Tinkler told City A.M.: “I’ve always said I was about to move on, I thought it was only right trying to go for the appeal, all I was trying to [...]
Mining stocks pull up FTSE 100 June 11, 2019 Mining giants helped push up the FTSE 100 this morning as China announced increased local government spending. The miners were also boosted by Chinese iron prices which jumped by nearly six per cent in today’s trade. Evraz, Antofagasta, Rio Tinto, Gencore and BHP rose between two and four per cent each. They were all among [...]
Channel 4 grows revenue as it doubles down on digital June 11, 2019 Channel 4 has posted a modest rise in revenue for the year as it looks to shift its focus to digital viewing amid a “challenging” economic environment. The broadcaster reported a 1.5 per cent rise in revenue to £975m in 2018, as record digital revenue offset a decline in traditional viewing. Pre-tax profit hit £5m, [...]
Sports Direct launches legal challenge to Debenhams restructuring plan June 11, 2019 Retail tycoon Mike Ashley has launched an audacious legal challenge to stall the turnaround plan at Debenhams, reigniting a bitter feud for control of the high street retailer. The embattled department store chain confirmed today that it has received challenges to its company voluntary arrangements (CVA) from parties including Sports Direct, the budget sportswear retailer [...]
Amazon overtakes Apple and Google as world’s most valuable brand June 11, 2019 Amazon has surged past tech rivals Apple and Google to be crowned the world’s most valuable brand. The e-commerce giant jumped in brand value by 52 per cent over the last year to reach $315.5bn (£405.9bn), according to the latest figures from WPP and Kantar. Read more: Amazon to deliver packages by drone ‘within months’ [...]