No-deal Brexit factory shutdowns slash UK car production by 45 per cent May 30, 2019 An “extraordinary” widespread factory shutdown prompted by Brexit slashed car production almost in half last month. Read more: Car sales fall again as Brexit puts brakes on consumer confidence The number of vehicles made slumped by 45 per cent, according to fresh figures from the Society of Motor Manufacturers and Traders (SMMT). That meant only [...]
Boris Johnson to face court over claims he lied in Brexit referendum campaign May 29, 2019 Boris Johnson's defence team has slammed a decision to summon him to court over claims he made in the run up to 2016's EU referendum. Johnson will appear at Crown Court to answer accusations of misconduct while in public office over his comments during the referendum that the UK sent the EU £350m per week, a [...]
Twitter mocks Dominic Raab’s now infamous Tory election race video May 29, 2019 Tory leadership hopeful Dominic Raab has been roasted online for what viewers claimed was a rather awkward clip setting out his political ambitions for the UK. Read more: Tory leadership race: Who are the leading candidates? The video, filmed in Parliament Square, sees the former Brexit secretary scanning the horizon before turning dramatically to face [...]
Trainline IPO: Rail app seeks to raise £75m from June float May 29, 2019 Trainline hopes to raise at least £75m when it floats on the London Stock Exchange next month, it said today. Read more: Trainline confirms intention to float in London IPO The ticket-booking app expects to launch its initial public offering (IPO) next month, when it is confident of raising enough capital for a listing on [...]
Equality watchdog launches probe into Labour antisemitism claims May 28, 2019 The Equality and Human Rights Commission has launched a formal probe into claims of antisemitism within Jeremy Corbyn's Labour party. The investigation will seek to establish whether Labour has discriminated against, harassed or victimised anybody because they are Jewish. The commission launched the probe after "receiving a number of complaints about allegations of antisemitism" within [...]
Jack Ma’s Alibaba chases ‘$20bn Hong Kong float’ May 28, 2019 Alibaba is seeking to raise up to $20bn (£15.8bn) in a Hong Kong float, it is reported. Read more: DEBATE: Does Jack Ma deserve criticism for backing the ‘996’ working week? The listing would be its second after a 2014 $25bn initial public offering (IPO) on the New York Stock Exchange. The online retail and cloud [...]
Jeremy Hunt calls no-deal Brexit ‘political suicide’ as Matt Hancock backs ‘mission critical’ Brexit May 28, 2019 Tory leader hopeful Jeremy Hunt has warned that a no-deal Brexit would be “political suicide” as heavyweights set out their stalls ahead of next month’s party leadership contest. Read more: Brexit party storms ahead in EU elections as voters shun Labour and Tories Instead of pushing for the UK to crash out of the EU, [...]
Lender Amigo hails soaring profits as it fights to dispel guarantor loans ‘myths’ May 28, 2019 Lender Amigo saw profits grow almost 70 per cent to £111m in its latest financial year, amid the threat of a regulatory crackdown on the guarantor loan market. Read more: Profit leaps at guarantor loans provider Amigo following its London float The figures Profit before tax soared 68 per cent to £111m year on year [...]
Tube chaos: Signal failure causes severe delays for commuters on District Line May 24, 2019 A signal failure has left commuters to contend with severe Tube delays this morning as Transport for London (TfL) part suspended two London Underground lines. Read more: Underground fire alert causes Tube chaos for commuters Passengers faced a difficult journey to work on both the District Line and the Hammersmith & City Line after the [...]
Old Mutual suspends chief executive Peter Moyo over ‘breakdown in trust’ May 24, 2019 Insurance giant Old Mutual has suspended its chief executive over what it termed a “material breakdown in trust”. Read more: Merian Global Investors boss steps down after Old Mutual spin off Peter Moyo is suspended with immediate effect, the board told investors this morning, with chief operating officer Iain Williamson stepping in to fill the [...]
