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2019 Chancellor Philip Hammond has told business chiefs a no deal Brexit could be “taken off the table” and Article 50 rescinded, according to a leaked conference call transcript.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 [...]
Jeremy Corbyn refuses to hold talks with May about Brexit until she rules out ‘no deal’ January 16, 2019 Brexit was plunged into fresh chaos on Wednesday after Jeremy Corbyn refused Theresa May’s invitation for a meeting to thrash out how to break the deadlock among MPs. The Prime Minister made the offer after her government survived a vote of no confidence by MPs, saying she wanted to work with opposition leaders to end the [...]
WPP mergers fall amid restructuring plan despite increase in deals across sector January 16, 2019 Advertising giant WPP saw its M&A activity halve last year, despite a rise in the total number of deals among marketing communication firms. WPP completed 15 deals in 2018, down from 30 the year before, according to research by Results International. Read more: Brexit, ad fraud and #MeToo – what does the future year hold for [...]
Jeremy Corbyn urges MPs to bring down May’s ‘zombie government’ in no confidence vote January 16, 2019 Jeremy Corbyn has urged MPs to trigger a general election as he attacked Theresa May’s “zombie government” for being unable to secure a Brexit deal. The Labour leader hit out at the Conservative’s record in power as he moved a motion of no confidence against the government in the Commons. Corbyn claimed the electorate should [...]
Russia denies ‘rubbing hands with glee’ at Brexit uncertainty after May’s deal rejected by parliament January 16, 2019 Russia’s foreign minister Sergei Lavrov has denied his government is rubbing its hands with glee at Britain’s turmoil over the terms of Brexit. Lavrov said Russia actually prefers a united European Union to a news conference earlier today. Read more: Russia detains American on spying charges in Moscow “We won’t and aren’t saying anything about Brexit, [...]
Trump orders thousands of employees back to work during government shutdown January 16, 2019 US President Donald Trump has ordered thousands of furloughed government employees back to work without pay during a partial government shutdown. A total of 46,052 Internal Revenue Service (IRS) staff will return to work to fulfil tax refunds as the shutdown – which has affected around a quarter of government agencies – enters its 26th [...]