Ministers must resist a bailout of British Steel May 21, 2019 Timing is everything, whether in business or politics. British Steel’s cap-in-hand plea to the government for an emergency, job-saving bailout just 48 hours before the country goes to the polls is either an extraordinary coincidence or an audacious political ambush. Either way, there’s never an easy time for a government to face such a decision. [...]
Will Amazon’s Deliveroo stake improve its luck in the UK? May 21, 2019 Online retail giant Amazon has made a large investment in food courier Deliveroo, taking a stake in the startup’s latest £450m fundraising round. Amazon has attempted to enter the food delivery market before with Amazon Restaurants UK, which was shut down last year. Amazon also runs Prime Pantry, a service allowing Prime members to order [...]
Theresa May loses support for her Brexit deal after offering vote on second referendum May 21, 2019 Theresa May’s latest gamble to win support for her beleaguered Brexit deal has spectacularly backfired in a humiliating blow for the Prime Minister. May revealed Brexit legislation set to be put before MPs would contain a vote on whether to hold a second referendum in a bid to win over Labour support for her deal. But [...]
Private jet departures from UK take a four per cent knock in April May 21, 2019 Private jet departures from the UK took a downward turn last month, as the number of aircraft registered in Europe fell. The number of business aircraft departures in the UK fell last month by 4.1 per cent on the previous year, compared with 3.1 per cent for Europe as a whole. London-based Colibri Aircraft, which [...]
Disgruntled Metro Bank shareholders revolt with clear message to the board after loans blunder May 21, 2019 Disgruntled Metro Bank shareholders have sent a clear message to the bank’s board but stopped short of a full-blown rebellion at today’s annual general meeting. More than 28 per cent of investors voted against the re-election of two directors in charge of risk, Stuart Bernau and Eugene Lockhart. Read more: Metro Bank shares surge after [...]
Nigel Farage attacks Electoral Commission as ‘full of Remainers’ after review of his party’s funding May 21, 2019 Nigel Farage has launched a blistering attack on the elections watchdog after it began a review into his new party’s finances. Farage, leader of the Brexit Party, claimed the Electoral Commission is “absolutely full of Remainers” and is part of an “establishment” attack on his new outfit. On Monday, former Prime Minster Gordon Brown called for an [...]
Nokia could benefit from Huawei saga, says chief executive May 21, 2019 Nokia could benefit from the US crackdown on Huawei as global telecoms firms race to roll out 5G, the company’s chief executive has said. “Perhaps there is long term opportunity but more than that, it’s hard to say at this point,” Rajeev Suri told investors, according to Reuters. Read more: Huawei accuses US of bullying [...]
EE outage: EE resolves network issue that left users unable to make or receive calls over 4G May 21, 2019 EE customers were struck speechless today as the mobile provider suffered an outage leaving users unable to make and receive calls. Read more: Natwest online outage leaves customers unable to access accounts Voice calls over 4G were not working for thousands of customers this morning, though an EE spokesperson said most users should have seen [...]
Ofcom expresses concern over reality TV after Jeremy Kyle Show death May 21, 2019 Ofcom has expressed concern about the treatment of reality TV stars, a week after ITV axed the Jeremy Kyle Show following the death of a contestant. Appearing in front of the Digital, Culture, Media and Sport Committee, Ofcom chief executive Sharon White said the regulator is “particularly concerned” about the duty of care broadcasters have [...]
Theresa May: MPs will get a vote on whether to hold a second Brexit referendum May 21, 2019 Theresa May has promised MPs a vote on whether to hold another referendum if they back her Withdrawal Agreement Bill in two weeks' time. The Prime Minister has said MPs who are looking for a second referendum on a Brexit deal first need a deal to put to the public and the necessary legislation – [...]