Energy firm Eon losing customers at ‘alarming rate’, report says March 14, 2019 The number of energy customers abandoning Eon is growing at an “alarming” rate, experts have warned, as the Big Six continues to lose out. Figures from Compare the Market show that nearly 22 per cent of customers who switched suppliers on the site came from Eon. Meanwhile only seven per cent of customers are switching [...]
Brexit vote live: MPs vote to delay Brexit by extending Article 50 beyond 29 March March 14, 2019 Hello and welcome to City A.M.’s Brexit live blog for the second of potentially three huge votes on the UK’s departure from the EU. Prime Minister Theresa May was defeated in the House of Commons in a second vote on her Brexit deal on Tuesday, losing by 391 votes to 242. Last night, MPs voted [...]
Mortgage finance hub Lendinvest targets £500m London listing March 14, 2019 Online property finance marketplace Lendinvest has reportedly appointed advisers for a potential £500m float. Lendinvest has appointed corporate finance firm Lazards to advice on a listing, Sky News reported. It is set to appoint a syndicate of banks for a float that could happen as soon as this year. Sky reports that the banks are [...]
Capita takes on Brexit work as outsourcer kicks on with ‘radical’ turnaround plan March 14, 2019 Outsourcing giant Capita has admitted it is helping pick up some of the government’s slack in preparing for Brexit, as Whitehall continues scrambling to put contingency plans in place for a possible no-deal scenario. The outsourcer, which specialises in digital and IT-related services, has taken on several contracts, as the 29 March leaving date looms ever [...]
Boeing 737 Max 8 and 9 planes around the world will be grounded for ‘weeks’, according to US March 14, 2019 Boeing’s 737 Max 8 and 9 plane models will remain grounded for a minimum of “weeks,” as the manufacturing giant scrambles to test and install a software upgrade in all of the aircraft affected. Democratic representative Rick Larsen said after a briefing with the Federal Aviation Administrator the software upgrade would take a few weeks [...]
Trump attacks May’s handling of Brexit but dangles trade deal March 14, 2019 US President Donald Trump criticised Prime Minister Theresa May’s handling of Brexit negotiations, but restated his desire to strike a trade deal with the UK in a press conference today. He also came out against a second referendum and suggested there would have to be an extension of Article 50 while speaking at the White House [...]
Public sector outsourcing giant Interserve stares into the abyss, 14 months on from Carillion’s collapse March 14, 2019 Interserve, one of the government’s biggest providers of public services, faces the possibility of going into administration tomorrow, as the firm holds a crunch shareholder vote on a potential rescue deal. The public sector outsourcing giant has been plunged into a brutal power struggle in recent weeks with its lead shareholder, US hedge fund Coltrane [...]
Mobile bank N26 targets UK expansion with general manager appointment March 14, 2019 European mobile bank N26 has appointed a new general manager to drive forward UK expansion as it steps up competition against rivals such as Monzo and Revolut. Former Morgan Stanley investment banker Will Sorby has joined the Berlin-based digital bank, which operates in 24 markets across Europe, following its UK launch in October last year. Read [...]
Police discover unexploded Second World War bomb in no-deal Brexit lorry car park March 14, 2019 An unexploded bomb from World War Two has been found in the abandoned airport that is to be used as a lorry car park in a no-deal Brexit. Read more: ‘Wrecking ball’: Grayling refuses to resign over £33m Eurotunnel fiasco Police and army bomb disposal experts arrived at Kent’s Manston Airport this morning to investigate [...]
Netflix to set its own age ratings for streaming shows and movies in new partnership with BBFC March 14, 2019 Netflix will be granted powers to set the official age ratings for its film and TV programmes as part of a new partnership with the British Board of Film Classification (BBFC). The streaming giant will use an automated rating algorithm, alongside a manual tagging system, to apply official UK age ratings to its original films [...]