Chris Grayling hints that only one airport will get the green light for now October 17, 2016 Transport secretary Chris Grayling has confirmed he will be the minister announcing the decision on airport expansion, though he has not confirmed when it will be announced. While the prospect of giving the green light to both Heathrow and Gatwick in some shape has gathered pace as an option in recent weeks, Grayling moved to distance himself from such a [...]
Finance boss facing jail time for sexual assaults at Heron Tower HQ October 17, 2016 A finance boss is facing time in prison after being found guilty of sexually assaulting women at alcohol-fuelled office parties. Anthony Constantinou, 35 and boss of foreign exchange trading firm CWM, was found guilty on two counts of sexual assault last month, but the decision could not be reported until today for legal reasons. The court heard how he [...]
Frankfurt has opened its doors to Britain’s businesses following Brexit, and some firms look ready to take up the offer October 17, 2016 Germany's financial sector today revealed it has opened its doors to British bankers displaced by Brexit, and some businesses looked ready to take up the offer. The comments come as a number of key government figures are suggesting they might opt for a so-called hard Brexit, which could see London's financial centre left without access to [...]
Boom in deals pushes industrials M&A to all-time high over the year-to-date, according to Thomson Reuters October 17, 2016 The value of announced mergers and acquisitions (M&A) in the industrials sector has totaled almost $300bn (£246bn) so far this year, according to figures from Thomson Reuters. This is the highest level deals in the sector have ever reached by this time of year, Thomson Reuters said, while global deals have also risen 11 per [...]
No, Nick Clegg: A true liberal knows Brexit should slash UK food prices October 17, 2016 So Brexit means more expensive breakfast! Or so Nick Clegg believes. Hanging onto the coattails of last week’s Unilever-Tesco row over who would bear the cost of a falling pound raising food import prices (so-called Marmite-gate), the former Deputy Prime Minister now warns us that milk and cheese will be more expensive as a result [...]
Lower pound and higher oil prices could push average petrol price above 115p as soon as tomorrow October 17, 2016 The fall in the value of sterling and a rise in oil prices could push the average price of petrol above 115p by tomorrow morning. The average price of petrol across UK retailers, including supermarkets and independent sellers, reached 114.99p a litre on Sunday, according to data from Experian Catalist. Prices tumbled below 115p last August, [...]
Labour’s shadow chancellor John McDonnell takes a swipe at the City over passporting rights October 17, 2016 John McDonnell has criticised speculation that the government is considering continuing to pay some contributions to the EU, to maintain “passporting rights” for City firms and other sectors. These would allow the companies to continue trading across the continent. Britain has voted to leave the EU, it has not voted for paying huge fees for [...]
With a government decision expected next week, should Heathrow and Gatwick both get new runways? October 17, 2016 Paul Wait, chief executive of the Guild of Travel Management Companies, says Yes. Absolutely yes. Approval to expand both Heathrow and Gatwick would be the most positive economic step-change in recent times for the UK. Businesses either based in our island nation, or wanting to operate in the UK, need greater air capacity. Without the routes [...]
Former leadership hopeful Steven Woolfe quits ‘ungovernable’ Ukip October 17, 2016 Ukip's Steven Woolfe has announced he is quitting the party, deeming it "ungovernable". Woolfe said the party "lacks direction, it lacks a purpose and it lacks any semblance of professional organisation". He said he will now sit as an independent MEP in the European Parliament. [infographic id="922"] Earlier today, party chairman Paul Oakden said Ukip may [...]
Samsung will bounce back from its Galaxy Note 7 PR disaster October 17, 2016 Samsung's Galaxy Note 7 fiasco has been top of the headlines for the past six weeks, with the world’s largest smartphone maker finally deciding to stop making the highly combustible phablet. The result was an expected $5bn-plus hit to the company’s profit from the third quarter of this year to the first quarter of 2017. [...]