Tory MPs despair as May loses another Brexit vote, with Article 50 delay on the horizon March 14, 2019 Brexit is set to be delayed beyond 29 March after a tumultuous night in parliament saw a complete breakdown in Conservative party discipline. MPs backed taking no-deal off the table by 321 to 278, with 12 members of the government – including four cabinet ministers – refusing to follow Theresa May’s orders and vote against [...]
Former graduate trainee takes UBS to court over handling of London rape allegation March 13, 2019 A former graduate trainee has taken UBS to court over its handling of her alleged rape by a colleague nearly 20 years her senior. The claimant, referred to as Ms A, has filed a lawsuit against the Swiss bank for sexual harassment and victimisation, her legal team said today. Read more: UBS fined €4.5bn in [...]
Global outages cripple Facebook, Whatsapp and Instagram March 13, 2019 Several of Facebook’s most popular social media platforms are suffering partial outages around the world, largely affecting users across the Americas and Europe. Service continues to be disrupted on Facebook’s main app, Messsenger, Instagram and Whatsapp. Users began reporting issues at around 4pm GMT, with full access to the platforms still ongoing. Third-party outage tracker Down Detector said [...]
Trump says Federal Aviation Administration will ground Boeing 737-Max 8 planes over safety concerns March 13, 2019 US President Donald Trump has pushed through an "emergency order" to the US Federal Aviation Administration (FAA) "to ground all 737 Max 8 and the 737 Max 9, and planes associated with that line," after an Ethiopian Airlines plane crashed and killed 157 people. The FAA – and Trump by association – had both come under pressure [...]
HS2 chairman says stopping the railway at Birmingham would be a ‘complete betrayal’ March 13, 2019 HS2 chairman Allan Cook has said not completing the £56bn railway to the north of England would be a "complete betrayal". Cook, who was appointed as chairman following the departure of former Crossrail head Terry Morgan, told MPs on the Transport Select Committee that HS2 was looking at "all options" to keep the project within budget but rejected suggestions [...]
Donald Trump’s former campaign chairman Paul Manafort sentenced to a further three and half years in prison March 13, 2019 Donald Trump’s former campaign chairman Paul Manafort has been sentenced to a further three and half years in prison after pleading guilty to two counts of conspiracy. Manafort was handed a sentence of six years and one month after admitting to two charges related to money laundering, illegal foreign lobbying in Ukraine and attempted witness [...]
Canada bans Boeing crash jet, piling more pressure on ‘dogmatic’ US authorities to follow suit March 13, 2019 Boeing’s misery deepened yet further today as Canadian authorities joined others around the globe in banning its latest jet model from their airspace. The move heaps yet more pressure on US regulators to ban Boeing’s new 737 Max range after it suffered its second fatal crash in five months on Sunday. Read more: Boeing's Ethiopian [...]
Everyman’s growing chain of cinemas underpins rocketing revenue growth March 13, 2019 A raft of new cinemas helped Everyman Media Group grow revenue 27 per cent to £52m last year, as it prepares to open a further seven venues this year. Read more: Everyman cinemas on track amid expansion plan Earnings before interest, tax, depreciation and amortisation rose 38 per cent year on year to £9.2m, the [...]
End of an era: Martin Gilbert’s legacy as he steps down from Standard Life Aberdeen chief executive role March 13, 2019 City veteran Martin Gilbert stepped down as joint chief executive of Standard Life Aberdeen this morning as the investment firm ditched the management structure put in place following the 2017 merger of Standard Life and Aberdeen Asset Management. The move brings to an end Gilbert's 36-year reign as chief executive of Aberdeen Asset Management, and Standard [...]
Mike Ashley’s Sports Direct accuses Debenhams of ‘deliberately misleading’ the market March 13, 2019 Mike Ashley’s Sports Direct has accused the Debenhams board of “deliberately misleading” the market as the retail tycoon continues to pile the pressure on the struggling high street firm. Sports Direct, which owns a 30 per cent stake in Debenhams, has written to the Financial Conduct Authority (FCA) with concerns that recent trading updates have misled investors [...]