Pubs cash in on bank holiday heatwave but fears grow for restaurant sector September 9, 2019 A sunny spell through the August bank holiday helped London watering holes increase their late-summer sales, according to a closely-followed industry measure. Thirsty punters gravitated to drink-led pubs in the capital, which enjoyed a five per cent like-for-like boost in sales compared to the same period last year. Read more: Wetherspoons toasts no-deal Brexit by [...]
Number of taxpayers falling six months behind on bills increases September 9, 2019 The number of British taxpayers who are falling well behind on their tax bills has continued to climb, according to research. About 117,000 people are now more than six months behind, according to accountancy Moore Stephens, meaning they have received the second of two penalties of five per cent of the tax they owe. This [...]
Nissan chief ‘tells executives he plans to resign’ after torrid year September 8, 2019 Nissan boss Hiroto Saikawa is believed to have told executives that he plans to resign from the top job at the troubled Japanese car maker. Board members are already scheduled to meet early on Monday morning, where they will likely discuss finding a new Nissan boss. They are said to have already drawn up a [...]
Pendragon called on restructuring firms to mitigate effects of industry car crash September 8, 2019 As the car industry continues to splutter, one of Britain’s biggest dealers has turned to restructuring experts to try to halt its downward spiral of profits. Pendragon, which owns the ubiquitous Evans Halshaw car dealership brand, spoke to several firms about helping shake up its spending earlier this year, but the process was cut short [...]
Disney rents Pinewood studios as original content war cranks up September 8, 2019 Disney is said to have agreed to rent most of production hub Pinewood Studios in Buckinghamshire, in a move which intensifies the battle for Britain’s production talent. The film and TV giant has reportedly signed a decade-long lease for the entire space, except for a handful of TV studios. Pinewood has spawned generations of film [...]
Sir Richard Branson’s Virgin Galactic faces first investor vote of confidence on stock market listing September 8, 2019 Sir Richard Branson’s space tourism venture Virgin Galactic faces its first test of investor confidence in a proposed stock market float tomorrow. Would-be shareholders will vote on whether to back the entry via investment vehicle Social Capital Hedosophia (SCH), or whether to withdraw their cash entirely. Read more: Richard Branson’s Virgin Galactic plots public listing [...]
Chuka Umunna denies ‘opportunism’ in switching to City of London parliamentary seat September 6, 2019 Lib Dem MP Chuka Umunna has denied that switching his parliamentary seat to the Cities of London and Westminster constituency is opportunistic. Umunna announced he would contest the Tory flagship seat at the next election, having represented people living in Streatham in south east London for the last nine years. Read more: Ex-Labour MP Luciana [...]
Car makers: We would rather another Brexit delay than no-deal September 6, 2019 Britain’s automotive industry trade body chief has indicated that car makers would rather suffer yet another period of Brexit uncertainty than crash out of the European Union without a deal – a scenario that would be damaging to UK business, but particularly harmful to car makers. Mike Hawes, chief executive of the Society of Motor [...]
Opposition parties to block Boris Johnson’s snap General Election bid September 6, 2019 Labour and other British opposition parties have agreed not to back Prime Minister Boris Johnson’s calls for a General Election before the end of October, when the UK is due to leave the European Union. Jeremy Corbyn’s party, the Lib Dems, the SNP and Plaid Cymru have said they will vote against or abstain in [...]
How Robert Mugabe brought Zimbabwe’s economy to its knees September 6, 2019 In the United States, a $100 trillion dollar note would be worth more than five-times the country’s GDP. But at one stage in Robert Mugabe’s Zimbabwe it would barely get you a loaf of bread. Zimbabwe’s 100 trillion dollar note had the most zeros of any legal tender on the planet. That reads: $100,000,000,000,000. It [...]
