Drinks giant AB InBev rebrands as Budweiser Brewing Group UK&I March 25, 2019 Beer behemoth AB InBev has changed its UK name to Budweiser Brewing Group UK&I as it doubles down on its commitment to the region after Brexit. The world’s biggest brewer, whose brands include Budweiser and Stella Artois, said the more recognisable name will boost awareness of the company and marks the firm’s latest show of [...]
No evidence that Trump campaign colluded with Russia, Mueller probe finds March 24, 2019 US special counsel Robert Mueller’s report has found no evidence of collusion between President Donald Trump’s campaign and Russia, according to details released this evening. In a summary of the inquiry’s conclusions sent to Congress, attorney general William Barr said Mueller had not found any evidence of collusion, but added he had not reached a [...]
London tourism industry pivots to long-haul markets in the face of Brexit March 24, 2019 Buckingham Palace, Big Ben, the royal family: London is blessed with renowned attractions wrapped in tradition and heritage most cities can only dream of. But with Brexit looming, the UK tourism industry, which supports more than one tenth of the country’s jobs, has hit turbulence. Almost every industry representative I spoke with used the [...]
Lloyd’s of London plans clamp down on harassment and bullying March 24, 2019 Lloyd’s of London plans to overhaul workplace culture following reports of sexual harassment and bullying at the 330-year-old insurance market. The company intends to call an emergency meeting with senior staff members to set out ways to make it easier for employees to make formal complaints, the Sunday Times reported. Read more: Lloyd's of London [...]
American Airlines to cancel 90 flights a day due to grounded Boeing 737 Max jets March 24, 2019 American Airlines has extended its flight cancellation period to 24 April due to the grounding of the Boeing 737 Max planes involved in two fatal crashes in recent months. The US airline said it will cancel roughly 90 flights a day as its 24 Max jets remain grounded, while some flights scheduled for other models [...]
Majority of businesses not budgeting for increased recruitment costs after Brexit March 24, 2019 More than three-quarters of UK businesses have put no additional funds in place to meet the costs of international recruitment following Brexit. As many as 26 per cent of businesses have already recruited fewer workers from the EU since March 2017, according to research by law firm Shakespeare Martineau. Read more: Time for a migration policy [...]
Provident puts up staunch defence against ‘risky and flawed’ £1.3bn Non-Standard Finance takeover bid March 24, 2019 Provident Financial urged shareholders to reject the “risky and flawed” £1.3bn bid from rival Non-Standard Finance (NSF) as the two doorstep lenders continued their war of words. Provident issued a 47-page defence against its smaller rival’s hostile takeover bid and strengthened its own board over the weekend. Read more: Provident restores dividend as doorstep lender [...]
Tiny nuclear reactors could spring up across Britain by 2030, report says March 24, 2019 There could be hundreds of tiny nuclear reactors around the world by the end of the next decade and they may bring major economic benefits to the UK, a government-funded study has found. So-called micro nuclear reactors (MNRs) typically produce up to 30 megawatts of energy, around the same as ten wind turbines. Read more: [...]
Workers face uncertain future as Ineos says it could be forced to close down Middlesbrough plant March 24, 2019 Britain’s largest private company has told the government it could close a manufacturing plant in the north east, with over 2,000 jobs on the line. The Middlesbrough plant, which makes acrylonitrile, a key component of acrylic clothes, is facing EU regulations which would cost the firm €100m. Read more: Ineos takes over US white pigment [...]
US prosecutors hit Autonomy founder Lynch with new charges over sale to HP March 24, 2019 Autonomy founder Mike Lynch has strongly denied criminal charges which were levelled against him by US authorities last week. A spokesperson for the British entrepreneur hit back at three new claims over the $11bn (£8.4bn) sale of his software business to Hewlett-Packard (HP) in 2011. Read more: UK tech entrepreneur Mike Lynch charged in US [...]