Tories and Labour in a spin after disastrous EU election results deliver victory to Nigel Farage May 27, 2019 Theresa May today lamented a "very disappointing night" for the Tories as voters deserted them in their droves for the Brexit party, the clear winner of the EU elections. May, who has pledged to step down as leader on 7 June, said she hoped the results would "focus minds" on finding a Brexit deal in parliament [...]
Sir Philip Green to close Miss Selfridge’s flagship Oxford Street store amid Arcadia restructuring May 27, 2019 The troubles for Sir Philip Green’s beleaguered retail empire Arcadia showed no sign of abating this evening as it emerged the mogul is to close the flagship central London branch of Miss Selfridge this summer. Arcadia hopes its creditors will next week approve a company voluntary arrangement (CVA), an insolvency procedure which enables the closure [...]
Elections that were never meant to happen have just transformed British politics May 27, 2019 The elections that were never meant to happen have had an immediate and dramatic impact on British politics. The Brexit Party, which didn't exist six weeks ago, now has more seats in the European Parliament than any party from any country. The Liberal Democrats, written off as a spent force before the local elections, are [...]
Special relationship? Poll reveals Brits favour Trump state visit going ahead May 27, 2019 The prospect of Donald Trump visiting the UK next month has elicited shock, disapproval and protest among the general public in recent months. It even looks set to prompt the return of a giant inflatable baby-blimp version of the controversial reality star-cum-leader of the free world. Read more: Trump will not address MPs during June [...]
China’s giant Belt and Road infrastructure push ‘could pump $7 trillion into global GDP’ by 2040 May 27, 2019 China’s monumental state-backed infrastructure investment scheme could inject $7.1 trillion (£5.6 trillion) a year into the global economy – or an extra 4.2 per cent of global expected GDP – by 2040, according to economists. The controversial Belt and Road Initiative (BRI), which sprawls across Asia, Africa and Europe, has sparked concerns the superpower is [...]
Home secretary Sajid Javid becomes the latest Tory to join leadership race May 27, 2019 Home Secretary Sajid Javid has said he will throw his hat in the ring to be the next leader of the Conservative party. In a video circulated today on Twitter, Javid said "first and foremost, we must deliver Brexit". He joins eight other Tory MPs who have declared their intention to succeed May, who said she will [...]
Britain smashes coal-free power record with 10-day run May 27, 2019 Britain smashed its record for coal-free power generation over the weekend, punching through ten days without burning the fuel for the first time since 1882 this afternoon. Coal-fired power stations have laid dormant since the afternoon of 17 May, as wind, solar, nuclear and gas generation prop up the grid. Read more: Britain goes a [...]
Austrian parliament votes to sack Chancellor Sebastian Kurz after corruption scandal May 27, 2019 Austrian MPs have backed a motion of no confidence in the country’s Chancellor after a corruption scandal claimed the head of his coalition partner and deputy Heinz-Christian Strache. Parliament voted in favour of sacking Sebastian Kurz from the role this afternoon, forcing his government out of office. Read more: Merkel says Brexit delay possible if [...]
Top UK restaurants fall to £82m loss as casual dining sector feels the heat May 27, 2019 The UK’s top restaurant chains fell to a loss of £82m in the last year as they struggle to stay afloat in the increasingly competitive casual dining sector. The top 100 restaurant groups fell to the hefty loss in the year to the end of March, compared to a pre-tax profit of £102m the previous [...]
Walmart faces challenge over executive pay and harassment policy May 27, 2019 Asda owner Walmart is facing pressure to make changes to its executive pay and sexual harassment policy as two proxy advisers recommended shareholders vote against the company at its annual meeting next week. Glass Lewis has recommended that shareholders vote against the retail giant’s executive pay proposals, saying “overall, the company paid more than its [...]