Met Office warns UK of snow as Londoners brace for colder weather January 18, 2019 The Met Office has issued yellow warnings for snow throughout the UK as Londoners prepare for the arrival of a severe cold snap next week. The snow warnings are expected to last into Friday night across Scotland, northern England and the north Midlands, with the Met Office advising commuters to be aware of longer journey [...]
CEO Elon Musk reveals plan to slash Tesla headcount as electric car firm targets “tiny profit” January 18, 2019 Tesla is set to cut its workforce by around seven per cent, sending shares down in pre-market trading. Chief executive Elon Musk told staff that the company has "no choice" but to reduce its full-time employee headcount after growing unsustainably large. Read more: US billionaire reveals significant stake in Tesla Musk also blamed squeezing margins at [...]
Retail sales fall as ‘suffocating’ Brexit uncertainty envelopes UK high streets January 18, 2019 Retailers suffered a weak end to 2018 as Brexit uncertainty saw shoppers spending less in the face of Brexit uncertainty, the latest data shows today. Sales fell 0.9 per cent month on month in December as shoppers kept their purses closed, the Office for National Statistics data revealed. Read more: All the high street giants [...]
Slippers and sleep: Mattress founder saves Mahabis from administration January 18, 2019 Mahabis, the self-styled “Nike of downtime”, has been saved by a similarly cCHILL retailer – the owner of mattress maker Simba Sleep. Founder James Cox’s investment boutique YYX Capital has snapped up Mahabis’ assets, after the luxury slipper retailer fell into administration over Christmas. Read more: Mahabis drops into administration after mounting debts Founded by trained [...]
Eddie Stobart revenues beat market expectations thanks to new purchases January 18, 2019 Eddie Stobart beat market expectations to grow revenues 35 per cent to £843m for the 12 months to the end of November, it revealed today. Read more: New contract wins accelerate growth at Eddie Stobart The logistics giant beat 2017’s haul of £624m as its top line was fuelled by newly acquired subsidiaries iForce, Speedy [...]
London Waterloo trains and tracks to be de-iced as Network Rail prepares for colder weather January 17, 2019 Special de-icing trains will run overnight to prevent the UK’s rail infrastructure freezing to a standstill as temperatures are expected to plummet in the coming weeks. South Western Railway will run its so-called ghost trains all night to clear tracks of snow and ice and spray passenger doors with de-icer to prevent them from jamming. [...]
Brexit deal live: UK would vote to remain in EU in a second referendum January 17, 2019 Hello and welcome to our Brexit vote live blog. Stay tuned for reaction to Labour's no confidence vote yesterday, after Theresa May's Brexit deal slumped to a historic defeat in parliament on Tuesday night. Please manually refresh this page for the latest updates What you need to know: The Prime Minister’s deal was defeated by [...]
Theresa May to put Brexit ‘Plan B’ before parliament on 29 January January 17, 2019 Parliament is set to vote on Theresa May’s Brexit “Plan B” on 29 January, it was announced today. House of Commons speaker Andrea Leadsom confirmed the date this morning, saying MPs will debate the new plan as May sets out her next steps towards Brexit. Read more: Hammond rules out no-deal Brexit in business conference [...]
Sage shares climb as accounting software firm makes progress on journey into the clouds January 17, 2019 Sage's share price climbed this morning as it released fresh evidence that its transition to the cloud is well underway. The accounting software firm saw group organic revenue grow by 7.6 per cent to £465m for the three months to the end of December, sending shares up 7.4 per cent to 636.8p in early morning trading. [...]
Piccadilly Line commuters warned of severe delays January 17, 2019 Severe delays are affecting the Piccadilly Line this morning due to a signal failure. The failure at Northfields means the Tube line has severe delays between Acton Town and Uxbridge, as well as minor delays between Acton Town and Heathrow Airport. Read more: 'Systemic failures' to blame for May's timetable chaos Minor delays are also [...]
