Equinix to spend £90m on Slough data centre to support the City’s increasing reliance on data November 19, 2018 Technology infrastructure giant Equinix is building a £90m flagship data centre to support increased reliance on data by City firms, the company said today. The US firm said the new and expanded facilities will support growing volumes of data, including increased traffic in the City. The project, dubbed LD7, is due to be completed in early 2019. The new facility [...]
McLaren boss backs May’s Brexit plan, saying no deal is ‘not an option’ for businesses November 19, 2018 The boss of car manufacturer McLaren has backed Theresa May’s draft Brexit agreement, saying crashing out of the European Union without a deal is “not an option” for British industry. Mike Flewitt said May’s withdrawal agreement, which the Prime Minister is currently trying to sell to her MPs, would “provide urgently-needed certainty and an implementation period [...]
Russia wants to destabilise Interpol, warns Putin critic Bill Browder November 19, 2018 Bill Browder, the US-born investor and Putin critic, struck back today against new allegations made against him by Russia, accusing the country of attempting to use its international influence to destabilise Interpol. Prosecutors in Moscow claimed Browder's fund shareholders used illegal profits made in the country to fund donations to the Democratic Party, and claimed he may [...]
Theresa May wants UK to be out of EU transition period before general election in 2022 November 19, 2018 Theresa May has reaffirmed her commitment to taking the UK out of the EU transition period in time for the next scheduled general election in 2022. Delivering a keynote speech at the Confederation of British Industry (CBI), May hinted that she would not let the transition period extend until the end of 2022. The pound slipped [...]
CBI prepares to call on MPs to avoid no-deal Brexit ‘wrecking ball’ November 19, 2018 The CBI will call upon MPs today to back the Prime Minister’s draft withdrawal agreement and avoid hitting the British economy with the “wrecking ball” of a no-deal Brexit. Speaking at the CBI’s annual conference in front of more than 1,500 business leaders, CBI president John Allan is expected to ask politicians to consider the [...]
Business confidence falls to nine-year low amid political uncertainty over Brexit November 19, 2018 Morale among businesses is at its lowest since the aftermath of the financial crisis, according to a new survey out today. Political uncertainty surrounding Brexit weighed down on hiring and investment plans in the manufacturing and services sectors, data firm IHS Markit’s latest quarterly report found, pushing business confidence down to its lowest level since [...]
Evans Cycles set for closures in spite of ‘profit’ November 18, 2018 Sports Direct owner Mike Ashley is set to close a swathe of Evans Cycles stores in spite of recent suggestions that most of its outlets turn a profit. The retail magnate has warned that he might only be able to keep half of Evans Cycles stores open in the future “in order to save the [...]
May will need Brussels to help her sell the deal November 18, 2018 Brexit has shattered the normal rules of politics. Theresa May has suffered twenty-two ministerial resignations since becoming Prime Minister, and while not all of them have been Brexit related it would have been difficult to remain in office had so much support dripped away under other circumstances. Last week should have finished her off, with [...]
Jeremy Corbyn says a second Brexit referendum is ‘not an option for today’ November 18, 2018 Labour leader Jeremy Corbyn has distanced himself from calls for a second referendum, saying it was an "option for the future" but not one for "today". Speaking to Sky News, Corbyn said his party would vote against the draft withdrawal agreement because it failed to meet Labour's six tests, one of which is that it must [...]
Business leaders call on May to honour mental health manifesto pledge November 18, 2018 A group of British business leaders have called for the Prime Minister to follow through her manifesto promise to “transform how mental health is regarded in the workplace” through updated health and safety regulations. An open letter to Theresa May with over 50 signatories from major businesses – including senior figures from Royal Mail, PricewaterhouseCoopers, WH Smith, Direct Line [...]