Embattled outsourcer Kier shares plunge as ‘accounting error’ reveals higher net debt than previously thought March 11, 2019 Construction outsourcer Kier Group spooked investors on Monday morning as it admitted an 'accounting error' had forced it to recalculate its net debt as £50m higher than previously stated. The firm’s stock fell 13 per cent after it issued an update saying it has revised its net debt position as at 31 December to £180.5m, up from [...]
Senior Tory MPs urge Theresa May to cancel Brexit vote March 11, 2019 Senior Tory MPs have urged Prime Minister Theresa May to cancel tomorrow’s vote on her Brexit deal amid fears she faces another heavy defeat, the Times has reported. Leading Conservatives have told May she should pull the meaningful vote unless she secures major concessions from the EU. Read more: Brexiters dismiss reports they could swing [...]
Futuristic entrepreneurs are helping us reach for the stars March 11, 2019 Houston, there is no problem. America is back in the space race. “We’re really at the forefront,” says US President Trump. “Nobody is doing what we’re doing.” He’s right. But in a break with tradition, the US is now leaning on its entrepreneurs, rather than the Federal Reserve, to fund its interplanetary aspirations. The latest [...]
Sadiq Khan and local councils gear up for Heathrow third runway legal challenge March 11, 2019 A legal challenge against Heathrow's bid to build the third runway launches today in the High Court. The mayor of London, Sadiq Khan, five local councils and Greenpeace are taking the government to court over objections to the Department for Transport's (DfT) airport national policy statement, (NPS) the legislation that makes the case for Heathrow [...]
Brexiters slap down reports they could swing behind Theresa May’s deal if she quits by June March 10, 2019 The Tory party opened up a new front in its ongoing civil war tonight after senior Brexiters slapped down reports that they could get behind Theresa May’s Brexit deal if she offers her resignation by June. Brexiters told City A.M. the reports were part of a disinformation campaign by Downing Street to swing MPs behind [...]
Why brands like Burger King are using internet troll tactics in their marketing campaigns March 10, 2019 Trolls have a bad reputation, deservedly so. In case you’ve been living under the proverbial rock and are unfamiliar with the term, an internet troll is someone who deliberately tries to provokes an argument or reaction online, usually by saying nasty or offensive things. Read more: DEBATE: Was Facebook right to ban Tommy Robinson? Trolling [...]
Theresa May faces ‘inevitable’ defeat in parliament unless her deal changes, Brexiters warn March 10, 2019 Two leading Brexiters have warned Theresa May that she faces an "inevitable" defeat in the parliament unless she wins significant changes to the withdrawal agreement. Nigel Dodds, the Westminster leader of the DUP which props up Theresa May's minority government, and Tory MP Steve Baker also warned that a delay to UK's departure from the EU [...]
Holloway prison to be turned into 1,000 homes after £81.5m deal with housing association Peabody March 9, 2019 Holloway prison in north London has been sold to housing association Peabody in a £81.5m deal and will now have more than 1,000 homes built on the site. The former women's jail occupies a 10-acre site and previously held murderers Myra Hindley and Rose West. Read more: Countrywide losses deepen amid housing market slowdown Peabody [...]
Billions of pounds available by backing Theresa May’s deal, says Philip Hammond March 9, 2019 Chancellor of the exchequer Philip Hammond has said getting behind Theresa May's Brexit deal would free up billions of pounds in extra public spending or tax cuts. Hammond also dismissed the importance being placed on the Irish backstop, which could force the UK into an EU customs union in order to avoid a hard Irish border, claiming they are "not [...]
EU negotiator Michel Barnier offers UK unilateral customs union exit March 8, 2019 The EU’s chief negotiator Michel Barnier has said the UK will have the option to withdraw unilaterally from the customs union element of the backstop agreement. Barnier today briefed EU ambassadors on the ongoing talks with Prime Minister Theresa May and outlined the proposals it will offer. Read more: Barnier rules out time limit on Irish [...]