Kier Group director leaves to join Grenfell Tower cladding building firm Rydon Construction January 17, 2019 Kier Group operations director Mark Norris is to leave the beleaguered contractor to join Rydon Construction as a director. Norris leaves Kier as it continues struggling with its finances after a botched issue late last year caused the company’s shares to plummet. Read more: Outsourcer Kier Group's lenders face underwriting headache after rights issue flounders He [...]
Hard Brexit risks ‘manageable’ says Irish central bank official January 17, 2019 The risks of a “cliff edge” Brexit to the stability of the Irish financial system are manageable and the majority of its “most significant” firms are already executing contingency plans, the Central Bank of Ireland deputy governor Ed Sibley said today. Sibley said: “I am satisfied that from a financial stability perspective the most material [...]
Crossrail moves away from gagging orders for departing staff amid transparency concerns January 17, 2019 Crossrail has heeded calls from Transport for London (TfL) to refrain from forcing departing staff to sign non-disclosure agreements (NDAs) in light of concerns raised about the organisation's transparency. NDAs are a type of legal contract that bind former employers to confidentiality restrictions. They attracted controversy in the Harvey Weinstein scandal, when it emerged that a number of his [...]
Brexit deal live: UK would vote to remain in EU in a second referendum January 17, 2019 Hello and welcome to our Brexit vote live blog. Stay tuned for reaction to Labour's no confidence vote yesterday, after Theresa May's Brexit deal slumped to a historic defeat in parliament on Tuesday night. Please manually refresh this page for the latest updates What you need to know: The Prime Minister’s deal was defeated by [...]
TfL working with Heathrow and London City airports to plan for no-deal Brexit January 17, 2019 Transport for London (TfL) is working with Heathrow and London City airports to mitigate the impacts of a no-deal Brexit, Sadiq Khan has said. London mayor Sadiq Khan said TfL was concerned that London could become clogged with heavy goods vehicles (HGVs) if the port of Tilbury is used more than Kent to carry traffic. Earlier this month [...]
Debenhams shares slide as Moody’s hands struggling retailer a negative outlook January 17, 2019 Debenhams’ share price slumped seven per cent in morning trading, after ratings agency Moody’s lowered its outlook for the beleaguered retailer from stable to negative. Concerns over the risks that creditors might incur when lending to the embattled department store chain were flagged by Moody’s, pushing shares in Debenhams down 7.26 per cent to 2.8p [...]
Theresa May to put Brexit ‘Plan B’ before parliament on 29 January January 17, 2019 Parliament is set to vote on Theresa May’s Brexit “Plan B” on 29 January, it was announced today. House of Commons speaker Andrea Leadsom confirmed the date this morning, saying MPs will debate the new plan as May sets out her next steps towards Brexit. Read more: Hammond rules out no-deal Brexit in business conference [...]
Hammond tells business chiefs no deal could be ‘taken off the table’ on leaked conference call January 17, 2019 Chancellor Philip Hammond has told business chiefs a no deal Brexit could be “taken off the table” and Article 50 rescinded, according to a leaked conference call transcript. In a conversation with 11 business leaders after Theresa May’s deal was defeated in parliament on Tuesday night, Hammond said the result led to two issues. Firstly, [...]
Stopping the clock: Can we buy more time to figure out Brexit? January 17, 2019 The UK is running out of time before it leaves the EU. The Prime Minister’s deal now lies in tatters, but what happens next is anyone’s guess. A General Election will take at least a month, and any new government would clearly want to renegotiate the exit deal. Alternatively, a second referendum would take months [...]
Michael Gove tears into Jeremy Corbyn as government defeats no confidence vote January 16, 2019 Theresa May survived a vote of no confidence in her government on Wednesday after a barnstorming speech from Michael Gove tore apart the Labour leader’s claim to be the next Prime Minister. Labour leader Jeremy Corbyn tabled the motion after May’s Brexit deal was heavily defeated on Tuesday night in a bid to force a general [...]