Ashley set to enter bidding war for Jaeger October 25, 2020 Controversial High Street titan Mike Ashley is readying a bid for struggling retailer Jaeger, reports emerged today. Ashley’s Frasers Group, one known as Sports Direct, is understood to be interested in adding Austin Reed, Jacques Vert and Jaeger to his expanding portfolio. The news was first reported by the Sunday Times. Read more: Ashley plots [...]
‘Britain is better off with Biden’: Former chancellor backs Trump rival for President October 23, 2020 Boris Johnson’s former chancellor has become the first Conservative MP to lend his name to a presidential candidate by publicly backing Joe Biden to become US President. Sajid Javid today said “Britain is better off with Biden”, as he laid his case for the Democrat to take the reins from incumbent President Donald Trump while [...]
Coronavirus: London to lose £10.9bn from tourist spending, Sadiq Khan warns October 23, 2020 London is set to miss out on £10.9bn from a drop in tourist spending as a result of the coronavirus crisis, Sadiq Khan has warned, as footfall in the capital remains well below pre-pandemic levels. Overseas tourists will spend £7.4bn less on goods and services in London this year, while domestic tourists will spend £3.5bn [...]
US jobless benefit claims push lower and labour market momentum slowing October 22, 2020 Initial claims for state unemployment benefits totalled a seasonally adjusted 787,000 for the week ended 17 October, down from 842,000 in the prior week, the Labor Department said today.
Whisky, stilton and pork pies to be protected in post-Brexit food regulations October 22, 2020 The government today set out new legislation to guarantee the authenticity and origin of traditional British foods such as stilton, pork pies and Scotch whisky at the end of the Brexit transition period. Negotiations between the UK and EU are still ongoing, with time running thin for a trade deal with the bloc before Britain [...]
Explosive Ghislaine Maxwell documents set to be released today October 22, 2020 Documents that Ghislaine Maxwell fought to keep secret relating to her relationship with convicted sex offender Jeffrey Epstein are set to be released today after the British socialite lost a court appeal. Maxwell has denied all charges of playing a role in the “sexual exploitation and abuse of multiple minor girls” under Epstein’s watch. She [...]
Khan accuses PM of ‘blatant lie’ in tit-for-tat over TfL bailout October 21, 2020 Sadiq Khan has accused the government of “lying” and playing “party political games” during Transport for London (TfL) bailout talks, sparking a tit-for-tat with the Prime Minister over the future of the ailing transport network. The London mayor told TfL’s board meeting today that the government wrote a “blank cheque without conditions” when giving emergency [...]
Sadiq Khan urges ministers to build more London council houses to ease post-pandemic inequality October 21, 2020 Mayor of London Sadiq Khan has urged ministers to significantly increase the number of council houses in London, in a bid to offset increasing wealth disparities caused by the Covid-19 pandemic. Khan today launched a major new report calling on the government to “stop blocking the aspiration of London’s councils to build” and urging ministers [...]
Jes Staley set ‘to stay on at Barclays for two more years’ October 19, 2020 Jes Staley is reportedly set to stay on as chief executive of Barclays, despite the lender coming under pressure to replace the controversial American. The bank is not expected to announce any succession plans when it reports third quarter earnings on Friday despite activist investor Edward Bramson recently renewing his attack on Staley, The Telegraph [...]
Tech Nation taps Boris Johnson’s brother to join board October 18, 2020 Tech Nation has hired Boris Johnson’s brother to join its board, becoming the entrepreneur body’s fifth new director in recent weeks. Jo Johnson, who was handed a peerage in July, will become a non-executive director at the government-funded organisation. Tech Nation chair Stephen Kelly said: “I’m pleased to welcome Jo Johnson onto the Tech Nation [...]