PMQs descends into mud-slinging match as Cameron and Miliband attempt to distance themselves from HSBC tax taint February 11, 2015 HSBC dominated Prime Minister's Questions today as David Cameron and Ed Miliband traded insults over which party had closest ties to those clients on the list of alleged tax evaders. The two took turns to sling mud at each other over the matter, with the Labour leader describing his counterpart as a "dodgy Prime [...]
HSBC “not protected” from criminal investigation by DoJ money laundering deal, says prospective attorney general Loretta Lynch February 11, 2015 HSBC could face prosecution by the US's Department of Justice, as it comes under renewed pressure over the actions of its Swiss subsidiary. Loretta Lynch, Barack Obama's nominee for attorney general, was part of a team that secured nearly $2bn (£1.3bn) from HSBC over charges that it refused to prevent money laundering by drug [...]
Balfour Beatty names new chairman as Steve Marshall steps down February 11, 2015 Balfour Beatty has named its new chairman ahead of the retirement of current incumbent Steve Marshall next month. Aveva Group head Philip Aiken is being brought in as a non-executive chairman, and will pick up the reins on March 26. As well as non-executive chairman of Aveva, Aiken is non-executive director of National [...]
Campaign group secures a third of funding for nationwide “I Am An Immigrant” campaign ahead of General Election February 10, 2015 In the run up to the General Election there will be plenty of mudslinging and it's quite likely some of it will be directed towards the main parties' policies on immigration. It's for that reason, among others, that a campaign group is planning a nationwide poster campaign to celebrate the contribution immigrants make to [...]
Westminster Council rejects government proposals to legalise Airbnb lets in London for up to 90 days February 10, 2015 Government plans to allow Londoners to legally rent out their homes through websites such as Airbnb for up to 90 days has been rejected by a rebel council, claiming short-term lets can be a nightmare for neighbours. Yesterday housing minister Brandon Lewis outlined details of a reform of a law dating back to 1973 that [...]
Commuters, brace yourselves – another London bus strike is on its way. Here are the routes affected and companies taking part February 10, 2015 Bus commuters should brace themselves for the third strike in a month as nine operators plan yet more action over pay disputes. Transport for London is preparing for another 24 hours of major disruption on Friday February 13, followed by a fourth day of action on the following Monday (February 16). The transport group [...]
Morrisons, Tesco, Ocado and Marks & Spencer’s share prices soar after UK food sector shows signs of growth February 10, 2015 Supermarkets led the FTSE 100 higher this afternoon, after figures revealed the grocery sector was in growth once again. Morrisons' share price had recorded the biggest gains at pixel time, rising 5.5 per cent. This was on the back of Kantar figures out this morning, showing its sales had fallen 0.4 per cent, the [...]
Hotel cancels Rangers’ shareholder meeting over Mike Ashley’s involvement following concerns about “significant disruption” February 10, 2015 The hotel that was to host the upcoming general meeting for Rangers shareholders has pulled out over fears it would result in “significant disruption” to other guests and neighbours. The meeting is expected to be something of a showdown between the club's shareholders and Mike Ashley, who recently lent Rangers more than £10m to [...]
Tesco’s share price jumps as Kantar figures reveal the supermarket has grown sales for first time in a year – but it is still losing market share February 10, 2015 Tesco's share price jumped nearly two per cent this morning after figures revealed it had grown for the first time since January 2014. The UK's biggest retailer recorded sales growth of 0.3 per cent to £7.9bn for the 12 weeks to February 1, according to Kantar Worldpanel. But that was not enough to stem the [...]
Sales down but market share up as New Look turnaround continues February 10, 2015 New Look has suffered declines in the “unseasonably warm” three months to December 27- but the fast fashion chain is still buoyant after growing market share. The figures New Look's revenues dropped 1.6 per cent in the third quarter, from £406.6m to £399.9m. Adjusted EBITDA was £76.8m, down 2.7 per cent from £78.9m last [...]
