Storms in London leave cars in South London submerged in two metres of water with rush hour delays on way for Southern Railway June 7, 2016 Stormy weather in London this afternoon has led to flash flooding in the south east of the city, leading to floods and causing travel disruption in the area. The London Fire Brigade (LFB) was called out to attend a number of flooding and lightning strike calls in Wallington, Mitcham and Croydon this afternoon. Meanwhile, the London [...]
EU referendum: WTO chief warns British business competitiveness will suffer if UK votes for Brexit June 7, 2016 A vote to leave the EU will cause British business competitiveness to suffer, the director general of the World Trade Organisation (WTO) has warned, in a visit to London today. "While trade would continue, it could be on worse terms," said the WTO chief Roberto Azevedo. "Most likely, it would cost more for the UK to trade [...]
Competition and Markets Authority will investigate Icap’s deal with Tullett Prebon unless concerns are addressed June 7, 2016 The Competition and Markets Authority (CMA) said today it will refer a proposed deal between brokers Icap and Tullett Prebon for an in-depth investigation if the companies do not address the watchdog's competition concerns relating to broking of oil products. Icap announced last November that it was selling its global voice-broking and information business to Tullett Prebon, [...]
A bomb attack has killed 11 people and left 36 wounded in Istanbul, Turkey June 7, 2016 A bomb exploded in the centre of Turkey's capital city during rush hour this morning, killing two people and wounding others, according to local media reports. Istanbul's governor has said 11 people were killed in the explosion, and 36 were wounded. A Turkish police bus was the target of the bomb attack, which took place near [...]
Sports Direct founder Mike Ashley to answer MPs’ questions this morning June 7, 2016 Sports Direct's billionaire founder Mike Ashley will finally face MPs' questions this morning, after months of avoiding calls to appear in front of the business, innovation and skills (BIS) select committee. Ashley will be quizzed over allegations about working practices at the company's Shirebrook warehouse in Derbyshire. Sports Direct has been criticised for its treatment [...]
Carneiro v Mourinho: How damaging can a tribunal get? June 6, 2016 Today marks the beginning of the eagerly-awaited employment tribunal between Eva Carneiro, former first team doctor at Chelsea F.C., and the club’s then manager Jose Mourinho. Speculation is mounting as to how it might affect the career prospects of the parties involved; in particular Mourinho’s recent appointment as manager of rival club Manchester United. Although [...]
HSBC to restructure global banking division in bid to cut costs June 6, 2016 HSBC is planning to restructure its global banking division in an effort to slash costs and make the business more "agile", according to reports. The bank issued an internal memo today, outlining the reorganisation, which is part of plans announced last June to cut one in five roles and shrink its investment bank by a third. [...]
This is Goldman Sachs’ favourite to win Euro 2016 June 6, 2016 If you have yet to place your bets on the upcoming 2016 UEFA European Championship, perhaps this latest round of predictions will help you, as one of the world's biggest banks gets in on the action. Goldman Sachs has revealed its favourites to win the tournament, which starts in France this week. The bank used historical data from [...]
Easyjet blames French strikes and bad weather for flight cancellations in May June 6, 2016 Budget airline Easyjet said French strikes and poor weather conditions were the main factors behind flight cancellations in May. The company reported a 5.7 per cent increase in earned seats flown – this is the number of seats that were flown during the month, regardless of whether or not the passenger turns up. Easyjet flew [...]
Investment firm LetterOne headed up by Russian billionaire Mikhail Fridman launches health business in US June 6, 2016 LetterOne, the investment vehicle owned by Russian tycoon Mikhail Fridman, has launched L1 Health in the US and appointed Diageo chairman Dr Franz Humer to the firm's advisory board. L1 Health will target up to $3bn (£2.1bn) of investments in the global healthcare sector over the next three years "with the goal of making sizeable equity investments in businesses [...]
