Hyperoptic secures deal to provide superfast broadband to 20,000 homes March 19, 2019 Hyperoptic has secured a deal to supply superfast broadband to more than 20,000 homes. The London-headquartered firm has agreed to supply all homes run by housing association Network Homes across the capital, Hertfordshire and the South East. Read more: Which broadband provider is most likely to cut you a better deal? Hyperoptic offers broadband speeds [...]
Ineos takes over US white pigment producer in $700m deal March 19, 2019 Britain’s largest private company, Ineos, has splashed out $700m (£528m) to buy a US chemicals producer, making it the second largest producer of titanium dioxide in North America. The takeover of the National Titanium Dioxide Company Limited (Cristal) from Tronox propels Sir Jim Ratcliffe’s company into the pigments market for the first time. Read more: Billionaire Jim [...]
Barclays rallies shareholders to vote down Ed Bramson’s ‘destructive and destabilising’ board bid March 19, 2019 Barclays has issued a plea to shareholders to reject Ed Bramson’s bid for a seat on the board, warning his presence would be “destabilising and destructive” to the bank. The bank published a comprehensive 1,500 words explanation as to why shareholders should fend off the activist investor’s advances at its AGM in May. Bramson, whose [...]
‘Yellow vest’ protesters storm office of attorney general Geoffrey Cox March 19, 2019 A number of "yellow vest" protesters have stormed the office of the attorney general, Geoffrey Cox, demanding he be removed from his post. In a live video posted on Facebook, a group of people crowded around his office in Westminster where they were greeted by police who told them they were committing an offence by trespassing. [...]
Angela Merkel: I will fight for Brexit deal until the last minute of 29 March March 19, 2019 Angela Merkel has vowed to fight until the “last minute” of 29 March to secure a Brexit deal as the UK prepares to ask for its departure from the EU to be delayed. The German Chancellor said she was waiting to see the details of Theresa May’s proposals for an extension to the negotiating period, [...]
Wages up across Europe despite gloomy economic climate March 19, 2019 Wages across the European Union grew an average of three per cent in the fourth quarter of 2018, while Eurozone wages grew by 2.3 per cent, official statistics today showed. Hourly wages in the UK grew by 3.4 per cent quarter on quarter, the most of the EU’s major economies, figures from Eurostat, the EU’s [...]
UBS fined £27.6m by City watchdog for transaction reporting failures March 19, 2019 UBS has been fined £27.59m by the City watchdog for misreporting 135.8m transactions. The Swiss investment bank failed to provide complete and accurate information in relation to 86.6m reportable transactions, and also wrongly reported 49.1m transactions over a period of nine years and six months, the Financial Conduct Authority (FCA) said. Read more: Former graduate [...]
Ofgem boss admits he is worried over heating’s role in UK climate change plans March 19, 2019 The head of Ofgem has admitted he is “nervous” about the role of heating as the UK tries to meet its climate change obligations. The regulator’s chief executive, Dermot Nolan, said he is relatively sanguine about decarbonising transport and the power grid, but the UK will have a tougher time with its largely gas-powered heating [...]
Hyundai teams up with Russian tech giant Yandex to build driverless cars March 19, 2019 Hyundai has today moved up a gear in the global race to manufacture driverless cars, as it teams up with Russian tech giant Yandex. The announcement signals Hyundai’s intentions to move into the slipstream of rivals Toyota and Ford, who have teamed up with Softbank and Chinese internet giant Baidu respectively to work on autonomous [...]
Downing Street confirms Theresa May will ask EU for an extension to Article 50 March 19, 2019 Theresa May's spokesperson has confirmed that the Prime Minister will write to Donald Tusk, the president of the European Council, to ask for a delay to Brexit. Last week the lines coming from No 10 was that a short extension to Article 50 – the mechanism that allows the UK to leave the EU – [...]