Telecoms tycoon Sunil Mittal plots £6bn Airtel Africa float in welcome boost for City February 3, 2019 Indian telecoms mogul Sunil Mittal is eyeing an $8bn (£6.1bn) float of Airtel Africa in a much-needed boost for London listings. The billionaire boss of Bharti Airtel, the second-largest mobile operator in India, is planning an initial public offering (IPO) of the company’s Africa division later this year, the Sunday Telegraph reported. Read more: London listings [...]
Labour MPs mull party breakaway to form centrist movement in wake of Brexit divisions February 3, 2019 A handful of Labour MPs are rumoured to be on the brink of leaving their party to create a new centrist movement in the wake of dissatisfaction over Brexit. Up to six Labour MPs are thought to be prepared to walk away from the Labour party because of its stance on Brexit, anti-semitism, immigration and other [...]
Sajid Javid shoots down speculation of a snap general election in June February 3, 2019 Home secretary Sajid Javid has shot down rumours of a general election in June, saying "the people would never forgive us" if one was called. Speaking to the BBC, Javid said "the last thing" people wanted was a general election. “They want politicians to get on with the job," added. "They have been given a very [...]
Nissan confirms it will move X-Trail production plans from Sunderland to Japan February 3, 2019 Carmaker Nissan has confirmed it is ditching plans to build its new fleet of SUVs in Sunderland in favour of producing them at a Japanese plant amid continued uncertainty around Brexit. In 2016 Nissan announced it would produce its next generation SUV, the X-Trail, in Sunderland to sell to the European market. The carmaker confirmed [...]
Theresa May determined to deliver Brexit ‘on time’ ahead of crunch talks on Irish backstop February 3, 2019 Theresa May has said she remains "determined" to deliver Brexit on time as she prepares to reopen talks with the European Union on the issue of the Irish backstop. Writing in the Sunday Telegraph, the Prime Minister said she would head to Brussels to with a "fresh mandate, new ideas and a renewed determination" to stick [...]
Business secretary Greg Clark says no-deal Brexit would be ‘mistake that we would regret for ever’ February 2, 2019 Business secretary Greg Clark has warned that a no-deal Brexit would be a “mistake that we would regret for ever”. "The prospects of a disorderly Brexit are very severe for every part of the country and I think it’s entirely reasonable for companies who know what they need and the consequences they face, who invest [...]
UK government plans new safety symbol in case of no deal Brexit February 2, 2019 The government has made preparations to replace the European Union safety symbol, CE, in the event a no deal Brexit occurs. If the UK leaves the EU without a deal, it will not be able to use the CE symbol that is imprinted on household items, like kitchen appliances and toys. Instead, Britain will replace [...]
A short extension to the Brexit timetable is possible, says Jacob Rees-Mogg February 2, 2019 Eurosceptic Conservative Jacob Rees-Mogg has said that he could accept a small extension to the Brexit timeline if Prime Minister Theresa May pursued his plan. Rees-Mogg claims that a delay to the date the UK leaves the European Union could be permissible if a deal with the EU is struck along the lines of the so-called Malthouse Compromise. After May's [...]
EU approves visa-free travel for Britons in no-deal Brexit but sparks diplomatic scuffle over Gibraltar February 1, 2019 Downing Street has welcomed EU plans to let UK citizens travel to the continent without a visa even in the case of a no-deal Brexit, but contested a description of Gibraltar as a British “colony” made in the same announcement. EU ambassadors agreed today Britons travelling within the the Schengen area of 26 EU member [...]
Manufacturers ‘risk recession’ as Brexit stockpiling hits record highs February 1, 2019 Storm clouds are gathering above Britain’s manufacturers, as positive sentiment in the industry fell to a 30-month low in January amid record levels of stockpiling in the run-up to Brexit. Manufacturing activity fell to a three-month low in January, as stocks of purchases rose at a record rate, according to the latest Purchasing Managers' Index [...]