Murdoch eyes up mega-merger between The Times and The Sunday Times January 18, 2019 Media baron Rupert Murdoch is seeking permission to merge The Times and The Sunday Times in a bid to cut costs across the newspapers. News UK, the holding group for the two titles, has made an application to the government to overturn a law that prevents the titles from merging. Read more: ITV shares tumble [...]
Boris Johnson says delaying Article 50 would erode trust in politicians January 18, 2019 Boris Johnson warned today that politicians risk losing the electorate's trust if they were to delay Brexit by extending Article 50 beyond 29 March. In a speech at building machinery giant JCB’s headquarters in Staffordshire this morning, he said: “It's overwhelmingly likely we will get a deal, a good deal – we just won't get [...]
House of Commons Speaker John Bercow set to be denied peerage by Theresa May January 18, 2019 Ministers have moved to block House of Commons Speaker John Bercow from being offered a seat in the House of Lords in a bid to punish him for Brexit debate “bias”. Bercow would become the first speaker in 230 years to have his peerage blocked as they are usually automatically offered a seat in the [...]
Retail sales fall as ‘suffocating’ Brexit uncertainty envelopes UK high streets January 18, 2019 Retailers suffered a weak end to 2018 as Brexit uncertainty saw shoppers spending less in the face of Brexit uncertainty, the latest data shows today. Sales fell 0.9 per cent month on month in December as shoppers kept their purses closed, the Office for National Statistics data revealed. Read more: All the high street giants [...]
Lloyds prepares for Brexit with Berlin banking licence January 18, 2019 Lloyds Banking Group has secured a banking license for its Berlin subsidiary as the Brexit deadline date approaches. The lender has previously run the office on a standard passporting licence, however all British banks with customers in the EU could lose the licence after March 29 therefore Lloyds is seeking further regulatory approval, Reuters reported. [...]
Ryanair slashes profit guidance by €100m amid falling revenue January 18, 2019 Ryanair today issued a profit warning, saying it was reducing its full-year profit guidance by €100m (£88m) due to a drop in revenue from winter fares. The budget airline said it expects profit after tax of between €1bn and €1.1bn, down from a range of €1.1bn to €1.2bn. Read more: Ryanair profits slide as strikes, cheaper [...]
Theresa May tells Corbyn to drop ‘impossible’ demand of ruling out a no deal Brexit January 17, 2019 Theresa May and Jeremy Corbyn are at loggerheads after the Prime Minister refused to give in to Labour’s “impossible condition” of ruling out a no deal Brexit. In a letter to the Labour leader, May urged her opposite number to drop the demand – which is Corbyn’s precondition for any cross-party talks on breaking the [...]
London Assembly renews support for second referendum following Theresa May’s defeat January 17, 2019 The London Assembly has thrown its weight behind a second referendum following the Prime Minister's historic drubbing in the House of Commons over her Brexit deal. The motion, proposed by Labour assembly leader Len Duvall, restated the assembly's previous support for a second referendum and Sadiq Khan's call to withdraw Article 50, the mechanism that allows the UK to [...]
Philips to close only UK factory next year with potential loss of more than 400 jobs January 17, 2019 Philips has said it is to close its only UK factory next year, potentially cutting more than 400 jobs as part of a push to reduce its manufacturing sites worldwide. The Dutch company hopes to reduce the number of global sites from 50 to 30. Read more: Philips chief executive warns no-deal Brexit will hit British [...]
ITV shares tumble after bearish investor note casts doubt on ad revenues January 17, 2019 ITV led the FTSE 100 fallers today after Bank of America Merrill Lynch analysts slashed their target price for the broadcaster amid fears of declining advertising. Shares in ITV fell almost seven per cent after the bank changed its rating from buy to underperform and cut its target price from 210p to 110p. Read more: UK [...]