Withdrawal Agreement Bill should include a public vote, says shadow Brexit secretary May 18, 2019 The shadow Brexit secretary has called on the government to add a public vote to the Brexit legislation that MPs are set to vote on in June. Sir Keir Starmer believes that the inclusion of a second referendum in a withdrawal agreement bill would "break the impasse" between the Conservatives and Labour, after discussions ended [...]
‘People are starting to worry’ about a Labour government under Jeremy Corbyn, says RBS chairman May 18, 2019 The prospect of Jeremy Corbyn leading a Labour government is a concern to UK banks, according to Royal Bank of Scotland (RBS) chairman, Howard Davies. "People are starting to worry," Davies said in an interview with Bloomberg, about what could happen under a Corbyn regime should a general election be called. Read more: Metro Bank shareholder LGIM [...]
Boris Johnson clear favourite to replace Theresa May as Tory leader May 18, 2019 Boris Johnson is by far and away the Tory members' preferred choice to replace Theresa May as the leader of the Conservative Party, according to a YouGov poll carried out for The Times this week. The former foreign secretary is the first choice to lead the party for 39 per cent of its members, with his [...]
United States agrees to lift steel and aluminium tariffs on Canada and Mexico May 18, 2019 The US has reached an agreement with Canada to relax tariffs on steel and aluminium imports. The current 25 per cent tariff on steel imports and 10 per cent on aluminium is scheduled to end within the next 48 hours. Read more: Trump pardons fraudster media mogul Conrad Black Speaking at the National Association of Realtors on Friday, [...]
Starbucks’ rival Luckin Coffee sees share price double on debut May 17, 2019 China's Luckin Coffee shares opened at $25 on Friday morning despite recent poor IPO performances. It was 47 per cent more than the issue price of $17 as the Starbuck's rival raised $561m to give it a pre-trading valuation of around $4bn. Read more: Thomas Cook shares crash 40 per cent as investors urged to sell [...]
Opinion: Don’t be so quick to abolish no-fault evictions – it is easy to be beguiled by the myth of the underdog May 17, 2019 Everyone loves an underdog. The David and Goliath narrative was prominent in the reporting of the Government’s proposal to abolish Section 21 Notices, which residential landlords can use to end assured shorthold tenancies (“ASTs”) without the tenant being at fault. I would like to sound a dissenting note. Since 1997, the law has gradually moved [...]
UK bolstered foreign currency reserves to highest levels since 1998 ahead of Brexit date May 17, 2019 THE UK ramped up its foreign currency reserves to its highest levels since 1998 in the run up to the Brexit deadline in March. The country’s foreign currency reserves rose 19 per cent to $137.31bn (£107.84bn) in the final quarter of 2018, data from the International Monetary Fund has revealed. Read more: Sterling takes a [...]
Burning the candle at both ends? How to spot the signs of sleep deprivation May 17, 2019 We live in a 24/7 economy, and while this means that everything is on-demand, it poses a problem for the modern-day workforce. With short deadlines, urgent deal closures, and international companies operating in different time zones, staff are often expected to respond irrespective of the time of day or night. It’s certainly not unusual for employees [...]
Ocado set to cut 400 jobs as it looks to rebuild Andover warehouse after fire May 17, 2019 Ocado has said it will slash as many as 400 jobs after a huge fire destroyed its distribution centre in Andover. The delivery firm’s flagship automated warehouse in Hampshire was razed to the ground in February after a three-day inferno. Read more: Waitrose outlines £1bn online shopping plan Ocado initially tried to find a suitable [...]
Thomas Cook shares crash 40 per cent after Citigroup urges shareholders to sell May 17, 2019 Thomas Cook’s shares collapsed for the second day running today after a broker downgraded the struggling company the day after it revealed a £1.45bn loss. Read more: Thomas Cook shares crash as it suffers 'grim' £1.45bn loss The embattled travel agent’s share price plummeted 40 per cent to new lows of 11.8p this afternoon after issuing [...]