Tom Watson leaves shadow cabinet meeting early over second referendum splits April 30, 2019 Labour’s deputy leader Tom Watson walked out of a shadow cabinet meeting today in a bust-up over leader Jeremy Corbyn’s position on a second Brexit referendum. Watson denied reports he stormed out of the meeting after copies of the party's EU manifesto document were not shared with the cabinet. Read more: Labour could bypass second [...]
British car manufacturing falls for tenth straight month April 30, 2019 British car manufacturing fell 14.4 per cent in March, its tenth straight month of decline. There were 126,195 vehicles built in March according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Read more: Government laments 'devastating' Honda decision to close Swindon plant Output for export fell 13.4 per cent as [...]
UK the third-most popular investment destination globally April 29, 2019 The total value of foreign investment stock in the UK increased five per cent to $1.9 trillion (£1.5 trillion) by the end of 2018, figures released today by the Organisation for Economic Co-operation and Development (OECD) show. The figures confirm the UK is the leading destination for foreign direct investment in Europe, and the third [...]
Sirius Minerals set to unveil £2.5bn equity and debt package April 29, 2019 London-listed Sirius Minerals is set to unveil a £2.5bn debt and equity fundraising tomorrow as it seeks to develop a potash mine in Yorkshire. Sky News reported that Sirius is set to announce its largest equity-raising to date as part of a massive financing package. Read more: Sirius Minerals on track with Yorkshire mine but still [...]
Boeing boss says he will salvage the company’s battered reputation April 29, 2019 Boeing chief executive Dennis Muilenburg promised to win back the public’s trust at the company’s annual meeting tonight, following two fatal 737 Max crashes. Muilenburg faced a grilling from investors over the twin disasters and also saw off a shareholder motion to split his chairman and chief executive roles. The company has been plunged into [...]
Labour policies will represent ‘revolution’ for UK economy says John McDonnell April 29, 2019 Shadow chancellor John McDonnell said Labour will unleash an economic “revolution” if it wins power. The Labour MP for Hayes and Harlington, who has previously named Soviet revolutionaries Lenin and Trotsky as key intellectual influences, told the BBC he saw parallels with 1979 when Margaret Thatcher swept to power. "Things aren't working for people, so they're [...]
US says it may reassess intel sharing with allies that use Huawei tech in their 5G systems April 29, 2019 The US government will reassess sharing information with allies that use equipment made by Chinese tech firm Huawei in their 5G networks, a US official said today. “It is the United States’ position that putting Huawei or any other untrustworthy vendor in any part of the 5G telecommunications network is a risk,” said Robert Strayer, [...]
Sir Martin Sorrell was paid £140,000 by S4 Capital in 2018 April 29, 2019 The executive chairman of S4 Capital – Sir Martin Sorrell – was paid £140,000 in 2018, a fraction of the £13.9m he was paid by WPP in 2017 before his shock exit. An annual report from Sorrell’s new company shows he received £61,000 in salary, £61,000 in bonus and £18,000 in pension payments from his [...]
Exclusive: Lawyers who took on Lloyds and Tesco launch new funder-backed firm April 29, 2019 A group of lawyers who are taking on Lloyds Banking Group and Tesco in multi-million pound group actions have launched a new firm backed by a heavyweight litigation funder. The new firm – Harcus Parker – is a breakaway from London firm Harcus Sinclair led by its head of litigation Damon Parker. The firm has [...]
Financial investment fraud cases jumped 74 per cent in 2018 April 29, 2019 Reported fraud cases related to financial investments rose 74 per cent to 6,890 last year, up from 3,950 in 2017. The most commonly reported cases were related to share and bond sales which saw an increase to 860 last year, up from 200 in 2017, and pyramid or Ponzi schemes, which saw an increase to [...]
