Video prompts Lords deputy speaker to quit July 26, 2015 THE DEPUTY speaker of the House of Lords quit his post last night after a national newspaper released a video of him half-naked and apparently taking drugs at his Westminster flat with two prostitutes. Baron Sewel of Gilcomstoun, who is ironically tasked with overseeing standards in the House of Lords, will also face a police [...]
Fiat Chrysler faces record $105m penalty over Jeep safety issues July 26, 2015 Fiat Chrysler is set to face a record $105m (£68m) fine from the US government this week after allegedly failing to complete safety recalls covering millions of Jeep vehicles. The giant car maker is also expected to be put under the supervision of an independent monitor to oversee its safety actions as part of a [...]
GVC and hedge fund unite in battle for Bwin July 26, 2015 THE RACE for digital entertainment company Bwin.Party has intensified yet again, after Sportingbet owners GVC re-entered the bidding war with New York hedge fund Cerberus Capital Management with a £1bn takeover offer. Online gambling company GVC has joined forces with the aggressive American hedge fund to launch a fresh offer for Foxy Bingo owners Bwin. [...]
Small business welcomes late payment tsar as Anna Soubry dubs disputes “unacceptable” July 26, 2015 Business groups have come out in support of the latest government proposals for a new small business tsar tasked with addressing payment disputes. The department of business, innovation and skills said yesterday that a new, yet to-be-named small business commissioner would tackle unfair practices by leading a “culture change in how small businesses resolve disputes [...]
Osborne seeks French support for EU reforms July 26, 2015 CHANCELLOR George Osborne will face an uphill battle when he meets with French government ministers in Paris today as part of a renewed effort to drum up support for Prime Minister David Cameron’s European Union reform agenda. The chancellor arrived in the French capital yesterday ahead of meetings with top officials, including finance minister Michel [...]
David Cameron to take UK fintech leaders on Asian tour July 26, 2015 David Cameron will go on a trade mission to Asia next month as part of the government’s plan to develop the UK financial technology sector. The delegation is made up largely of senior staff from the financial tech sector, reflecting the government’s aim to position the UK as a fintech leader. Thirty businesses will be [...]
London sets the pace on exports for UK regions July 26, 2015 London and the south east account for more than a quarter of all British manufactured exports, a study out today shows, making it the biggest export market in the country. The report, from EEF, says 25.4 per cent of total UK factory exports come from the area, with 47 per cent of those going to [...]
UK’s aerospace firms face threat from high production demands July 26, 2015 The UK’S aerospace professionals fear that higher production rates pose a threat to the industry and to the country’s position as a global superpower within the market. More than 62 per cent of UK aerospace engineers believe that their companies face productivity issues resulting from an increasingly demanding and global aerospace market, according to research [...]
Directors support government plans for devolution to regions July 26, 2015 Most business leaders are backing the government’s plans to devolve powers to cities and regions, according to a new survey out today. Two-thirds of business leaders polled by the Institute of Directors (IoD) said they supported chancellor George Osborne’s plans for devolution, while more than 75 per cent said they specifically backed devolving powers over [...]
Middle Eastern firm VPS Healthcare makes UK foray with promise to create 2,000 jobs and reopen Royal Masonic Hospital July 26, 2015 A Middle Eastern healthcare giant is making its first foray into the UK after pledging to reopen the Royal Masonic Hospital in Hammersmith as a new cancer centre, creating 2,000 jobs. VPS Healthcare was founded by Indian doctor and entrepreneur Dr Shamsheer Vayalil, who opened his first hospital in Abu Dhabi in 2007. The group [...]
