Map: Where are Extinction Rebellion protesting in London? October 7, 2019 Climate change activists Extinction Rebellion began demonstrations across London this morning, kicking off a fortnight of action targeting the government and the capital’s transport links and financial institutions. Blockades are planned across the capital during the two-week protest, which is part of an international movement. Read more: Extinction Rebellion London protests live: Climate change activists [...]
Ikea to face back tax payment order from EU October 7, 2019 Ikea could be forced to pay millions of euros in back taxes by the end of the year as the European Union competition watchdog cracks down on unfair deals for multinational companies. The European Commission is preparing to complete its probe into Inter Ikea, the brand owner of the furniture store, however the investigation could [...]
London remains main target for foreign investment October 7, 2019 London continued to attract more foreign direct investment than any other UK city last year, prompting calls for a wider distribution of funds across the country. The capital attracted 73 per cent of the total 624 projects secured in 2018, according to research by EY and the Centre for Towns. Read more: Five reasons why [...]
Nutmeg widens losses as wealth manager targets new customers October 6, 2019 Nutmeg, the online wealth management firm, widened its losses by more than £6m last year as it invested in attracting new customers. Operating losses deepened from £12.3m to £18.6m despite an increase in turnover from £4.6m to £7.2m, as expenses expanded to £22.7m from £17m the previous year. Read more: Digital wealth manager Nutmeg targets [...]
Profits plunge at Barclay brothers’ Ritz hotel October 6, 2019 The billionaire Barclay brothers saw profits plunge at The Ritz Hotel in Mayfair, while their casino business also suffered losses. Profit before tax almost halved from £12.8m to £7.9m according to the hotel’s latest financial filings for last year. Read more: Barclay brothers Ritz Hotel casino swings to £11.7m loss The drop in profit came [...]
Extinction Rebellion targets City of London in two weeks of protests October 4, 2019 Climate change activist group Extinction Rebellion is preparing to launch another mass demonstration across London. The protest group claims the fortnight of action, which begins on Monday, will be five times bigger than demonstrations in April, which saw hundreds of people arrested. Read more: Eight arrested after Extinction Rebellion lose control of fake blood fire [...]
John Lewis threatens to withhold 20 per cent of service charges October 4, 2019 John Lewis is threatening to withhold up to 20 per cent of service charge to landlords to protest the increase in payment amounts . The department store said it is attempting to reduce costs but has been faced with service charge hikes at some of its shopping centre branches. Read more: John Lewis to axe [...]
RC Brown buys IP Group shares as Woodford offloads stake October 4, 2019 RC Brown has bought up shares being offloaded by Neil Woodford as the fund manager struggles with the crisis that has swept across his investment management firm. RC Brown’s MFM Primary Opportunities fund has purchased shares in intellectual property firm IP Group after Woodford shed his 20 per cent stake last month. Read more: Woodford [...]
Boris Johnson to seek Brexit delay if no deal agreed by 19 October October 4, 2019 Boris Johnson will ask the EU for a Brexit delay beyond Halloween if he cannot secure a deal by 19 October, it is reported. Government documents filed with a Scottish court show Johnson will break his promise to deliver Brexit by 31 October by seeking an extension, according to Sky News. Read more: The real-life [...]
Softbank’s second Vision fund hit by failed Wework IPO October 4, 2019 Softbank founder and chief executive Masayoshi Son is struggling to raise money for a second technology investment fund following the failed public offering of office space provider Wework. Son is preparing to go-ahead with the Vision Fund 2, despite advice to delay, according to Reuters. However, the fund is likely to be smaller than the [...]
