Despite growing pressure from MPs, David Davis says there will be no parliamentary debate on Single Market membership October 10, 2016 David Davis has reiterated the government will not offer MPs a vote on the terms of Brexit, despite growing pressure from across parties. Speaking in the House of Commons today, Davis said the UK's referendum vote represented a “clear overwhelming and unarguable mandate”, warning that “no-one should seek to find ways to thwart the will of [...]
Watchdog called on to publish report after “shocking” revelations about RBS October 10, 2016 The City watchdog is being urged to release a long-awaited report into RBS' Global Restructuring Group (GRG), following "shocking" leaked stories about its treatment of small businesses. RBS has long been accused of purposely pushing small businesses into financial hardship so they could be put into the GRG. This, in turn, benefited the bank through additional fees, increased [...]
CMS merges with two rivals in deal to create sixth largest UK law firm October 10, 2016 Partners at three City law firms have voted in favour of combining their businesses in a deal that will create the sixth largest UK law firm and the sixth largest global law network. CMS UK, Nabarro and Olswang will merge in a deal that is anticipated to complete on 1 May 2017. Partners of Nabarro [...]
VIDEO: Burst water main leaves Muswell Hill Road under eight inches of water October 10, 2016 Cars and gardens in Muswell Hill were left under eight inches of water after a water main burst. A spokesman for the London Fire Brigade said fire fighters had been called just after 2.30pm, and that the flood had seeped into eight basement properties. "We're pumping water away using sandbags to prevent the water from going further [...]
The board of SVG is now considering two sale options with a third waiting in the wings October 10, 2016 A bidding war for SVG Capital (SVG) has ignited after HarbourVest upped its offer in an attempt to challenge the board's previously preferred option. SVG is in detailed discussions with a group of investors led by Goldman Sachs and the Canadian Pension Plan Investment Board (CPPIB), who came in with an eleventh hour offer to purchase the [...]
Daniel Craig might be on board for more Bond films after being offered £110m October 10, 2016 He may have sworn never to return to our screens as James Bond, but it seems Daniel Craig could have had a change of heart. Only last year, Craig publically said he would rather 'slash his wrists' than star in another 007 movie. But it has been claimed that he will do at least two more [...]
Trump follies should make Britain count its Brexit blessings October 10, 2016 Investors can breathe a sigh of relief that the biggest Black Swan is treading water. Thanks to one lewd recording – dating back a decade – Donald J Trump’s race to the White House could be in serious jeopardy. The diminishing chances of a Trump presidency have put Europe back in the market’s crosshairs, as [...]
Megabrew: Anheuser-Busch InBev and SABMiller tie-up due to close today October 10, 2016 The £79bn Megabrew merger between Anheuser-Busch InBev (AB InBev) and SABMiller is due to become effective this evening, closing one of the UK's largest ever corporate deals. The tie-up is due to come into effect at or around 7pm this evening (8pm Brussels time) and shares in the newly-merged company will list on Euronext Brussels, [...]
Bonds losing appeal as inflation set to pounce October 10, 2016 Yields on UK government debt have hit their highest level since the EU referendum as inflation fears grow and the pound remains under pressure. The benchmark 10-year bond now comes with a yield of more than one per cent in the UK, after hitting a record low of 0.52 per cent over the summer as [...]