Government considers scrapping prison sentences under six months January 12, 2019 Prison sentences under six months are ineffective and should be scrapped, the prisons minister has said. Rory Stewart said he is “looking very carefully” at bringing in new legislation that would see up to 30,000 offenders convicted of crimes such as burglary and shoplifting spared jail every year. Stewart said the move would ease pressure on the [...]
Government considers ban on credit card gambling in bid to tackle addiction January 12, 2019 The government is considering a ban on the use of credit cards for gambling as part of a wider crackdown aimed at tackling betting addiction. The culture secretary, Jeremy Wright, has called on retail banks and bookmakers to meet to discuss the issue of people betting with money they do not have. The statement comes [...]
Nissan US boss Jose Munoz resigns amid financial misconduct investigation January 12, 2019 A senior Nissan executive has resigned just a day after it emerged he is being investigated in relation to the financial misconduct scandal surrounding Carlos Ghosn. Chief performance officer Jose Munoz wrote in a LinkedIn post last night that he is stepping down from the car manufacturer with immediate effect. Yesterday it emerged Munoz, who [...]
Nissan expands Ghosn investigation to US executive and foreign deals January 11, 2019 Nissan has widened its investigation into disgraced chairman Carlos Ghosn to include another senior executive and deals made by Ghosn across the globe. The car manufacturer has launched a probe into chief performance officer Jose Munoz, Reuters reported, citing sources close to the investigation. Munoz, who was head of Nissan’s North American operations between 2014 [...]
Heathrow breaks through 80m passenger mark as it plans for expansion January 11, 2019 A record-breaking 80m passengers travelled through Heathrow last year as the airport reaped the rewards of larger planes and an increase in bookings. Heathrow saw its passenger numbers rise 2.7 per cent in 2018 on the year before, becoming one of only seven airports in the world to surpass the 80m mark. December was a [...]
Facebook launches UK fact-checking programme to fight fake news January 11, 2019 Facebook today said it will roll out its fact-checking service in the UK to help deal with the fake news that has plagued its platform in recent years. The social media giant will work with fact-checking charity Full Fact to review and rate the accuracy of posts on its site. Facebook said the programme will [...]
Top Brexit donors Odey and Hargreaves say Britain will not leave the EU January 11, 2019 Two of the Leave campaign's biggest donors believe Brexit will not happen as time runs out for the government to finalise its plan for leaving the EU. Peter Hargreaves and Crispin Odey, who both donated vast sums to the Brexit campaign, told Reuters today that they now expect the UK’s referendum decision to be reversed. [...]
Media group Haymarket sees profits fall as it looks to digital to boost revenue January 11, 2019 Magazine publisher Haymarket today reported a steep drop in profits as it looks to invest in technology amid a shift to digital revenues. The company posted an operating profit of £7.4m in the 12 months to the end of June, down from £16m the year before. Revenues also slipped from £173m to £164m over the [...]
UK’s largest pub owner Ei to sell off properties in £348m deal January 11, 2019 The largest pub company in the UK, Ei Group, will sell off the lion’s share of its commercial properties to a US hedge fund in a deal worth £348m. Ei today said it will sell 370 properties to Tavern Propco, a newly-incorporated private fund owned by Davidson Kempner Capital Management. The pub owner and operator, [...]
Former Nissan chairman Ghosn hit with two fresh financial misconduct charges January 11, 2019 Tokyo prosecutors have slapped down two fresh charges of financial conduct on Carlos Ghosn in the latest blow for the embattled former Nissan chairman. Ghosn has been charged with aggravated breach of trust for transferring personal losses to the car manufacturer and for understating his pay between 2015 and 2017, Reuters reported, citing Ghosn’s lawyer [...]
