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 [...]
TfL boss Mike Brown ‘hid Crossrail testing issues’ from Sadiq Khan in weekly email update March 14, 2019 Transport for London (TfL) boss Mike Brown ordered references to the difficulties Crossrail was experiencing with dynamic testing to be removed from email updates sent to Sadiq Khan, it was revealed today. At a grilling by the London Assembly's transport committee, Howard Smith, operations director for TfL Rail and the Elizabeth Line, admitted he felt Crossrail ought [...]
Sofa giant DFS doubles profit but warns of ‘challenging’ market in 2019 March 14, 2019 Sofa giant DFS more than doubled profits at the end of last year but warned of a softer start to 2019 and a “challenging” market in the year ahead. The furniture retailer reported pre-tax profits of £14.1m in the 22 weeks to the end of December, compared with £6.2m the previous year as online sales [...]
How to have a healthy relationship when working with family March 14, 2019 It is often said that people should avoid going into business with a loved one, but according to the Institute For Family Business, two thirds of UK businesses are family owned. That's a whopping 4.8m companies in total. And we're not just talking about immediate family members or spouses either, because some entrepreneurs even choose to go into [...]
Leading German think tank almost halves country’s growth prediction March 14, 2019 Germany has had its growth forecast for 2019 almost halved by one of the country’s top think tanks, adding to its economic gloom. GDP growth this year will be just 0.6 per cent, the Ifo Institute said today. It had previously predicted growth of 1.1 per cent. Read more: No-deal Brexit could hit Germany's economy, [...]