Southern Water hit with £126m fine for ‘shocking’ sewage spills June 25, 2019 A watchdog has slapped Southern Water with a £126m fine after “serious failures” in how the company operated sewage treatment sites over a seven-year period. A lack of investment in a number of Southern Water sewage treatment sites led to equipment failures and sewage spilling into the environment, regulator Ofwat said today. Read more: Ranked: [...]
Boris Johnson’s tax cuts plan could cost UK £20bn per year June 25, 2019 Boris Johnson’s tax cuts plan could cost the UK up to £20bn per year, according to the Institute for Fiscal Studies (IFS) think tank. The Tory leadership candidate has pledged to hike the threshold for higher rate income tax to £80,000 from its current £50,000. Read more: Sky cancels live TV debate after Boris pulls [...]
New Prime Minister to take power on 24 July June 24, 2019 Britain’s new Prime Minister will be revealed on Tuesday 23 July, it is reported. The Prime Minister will then take power the next day on 24 July, the Sun reports. Read more: Sky cancels Tory leadership debate as Boris refuses to attend Officials will finish counting Conservative party postal votes on Monday, 22 July, the [...]
Victoria station evacuated over ‘faulty’ fire alert: June 24, 2019 A fire alert at Victoria station caused rush hour misery for commuters this morning as authorities evacuated the major London travel hub. Passengers struggled to get to work as the Victoria Line, Circle Line and District Line did not stop at the station after the incident, which took place around 7am. Read more: Londoners brace [...]
Brexit: Irish backstop alternative could work ‘within three years’ June 24, 2019 A “practical” solution to the Brexit deadlock over the so-called Irish backstop could be in place within three years, according to a cross-party group of MPs. A resolution could enable the UK and EU to scrap the controversial backstop, which led parliament to reject Prime Minister Theresa May’s Brexit deal three times. Read more: 150,000 [...]
Daimler shares sink after third profit warning this year June 24, 2019 Daimler’s share price fell more than three per cent this morning after issuing a third profit warning this financial year. The Mercedes-Benz manufacturer warned investors that investigations into diesel vehicles is likely to hit profits by a “high three-digit million euro amount”. Read more: Daimler shares slide as it warns of difficulties The car maker [...]
Danske Bank sacks former interim CEO over £50m fees crisis June 24, 2019 Danske Bank plunged into a fresh crisis this morning as it fired the man who served as its interim chief executive during a money laundering scandal. The embattled Danish bank dismissed Jesper Nielsen from his role as head of banking and his membership of the bank’s executive board. Read more: Danske finds new boss after [...]
‘Don’t be a coward’ Hunt tells Boris in Tory leadership race June 24, 2019 Jeremy Hunt has labelled Tory leadership race rival Boris Johnson a “coward” for failing to engage in public debates on the future of Brexit. The foreign secretary, who is vying for the votes of Conservative party members against frontrunner Boris Johnson, increased the pressure on his rival as polls show Johnson’s level of support has [...]
Trump: I cancelled Iran military strike to avoid 150 deaths June 21, 2019 President Donald Trump cancelled a retaliatory strike against Iran overnight because a general told him it would kill 150 people, he has tweeted. In a series of tweets this afternoon, Trump said the US military was “cocked and loaded” to retaliate with a series of strikes against Iranian military targets after Iran shot a US [...]
Hilco eyes up struggling retailer Bathstore June 21, 2019 Restructuring fund Hilco is set to pounce on UK retailer Bathstore as it teeters on the edge of collapse, it is reported. Hilco, which has already taken over struggling high street names like HMV and Homebase, is in the process of preparing for a take over of Bathstore, according to Sky News. Read more: Now [...]