RMT confirms Boxing Day strike at key Bakerloo Line stations December 12, 2018 Bakerloo Line station staff are set to strike on Boxing Day, as commuters face further misery over the Christmas holidays. With a strike on the Central Line already set to hit Christmas shoppers, the RMT union now plans to withdraw station staff at key stops along the Bakerloo Line. Staff will not turn up to [...]
FTSE 100 and sterling climb on Brexit delay possibility and US-China trade tensions easing December 12, 2018 The FTSE 100 is up one per cent today despite blue-on-blue infighting in the Tory party seeing Prime Minister Theresa May face a threat of a no confidence vote this evening. Conservatives will vote in a secret ballot tonight on whether they wish May to remain leader or whether she should stand down, after she [...]
Theresa May vows to fight no confidence vote, warning leadership contest risks Brexit December 12, 2018 Theresa May has vowed to fight today’s no confidence vote “with everything I’ve got”, as she warned that a change of leadership would delay or even cancel Brexit. Addressing media outside Downing Street this morning after Sir Graham Brady of the 1922 Committee confirmed the 48-letter threshold for a no confidence vote has been reached, [...]
Dixons Carphone sinks to £440m loss, sending share price falling December 12, 2018 Dixons Carphone sank to a huge loss in its half-year result today, as a £500m writedown in its Carphone Warehouse division weighed the company and its share price down. The figures Dixons swung to a £440m loss for the six months to the end of October after paying out £490m in impairment charges for a restructure of [...]
Beat your demons: Barclays lets account holders block their worst spending habits December 11, 2018 Barclays has become the first high street bank to allow customers to “turn off” certain types of spending in a bid to give those with addiction better control over their money. Customers can now block payments to retailers including gambling websites, betting shops and pubs using a button in the bank's mobile app. Barclays developed [...]
Heathrow and London Luton airports break passenger records for November December 11, 2018 Both Heathrow and London Luton airports recorded their highest ever number of November passengers last month, as more travellers flew to and from the capital. The number of passengers travelling through Heathrow in November exceeded 6m for the first time this year, figures released by the airport today reveal. According to the London hub, the number of [...]
Parliament will get a vote on May’s Brexit deal by 21 January December 11, 2018 The Prime Minister will hold parliament’s delayed vote on her Brexit deal by 21 January, Downing Street confirmed today, according to media reports. Theresa May yesterday postponed MPs’ so-called “meaningful vote” on her draft withdrawal agreement, which was scheduled for today, without offering a new date. But Downing Street said she will stick to the [...]
Ashtead promises to beat expectations after US division cleans up following hurricanes December 11, 2018 Rental firm Ashtead saw revenue climb past the £1bn mark in its latest quarter as US division Sunbelt got a boost from the aftermath of two US hurricanes, scoring investors a healthy return on their shares. The figures Ashtead, which rents out industrial equipment like diggers and construction tools, recorded a 17 per cent year-on-year [...]
Apple banned from selling seven iPhone models in China after Qualcomm dispute December 10, 2018 US telecoms giant Qualcomm has won two preliminary injunctions against Apple banning the importation and sale of several iPhone models in China. Apple shares dipped by as much as two per cent today after a Chinese court ruled that the sale of seven iPhone models infringed upon two of Qualcomm’s patents, before later recovering most [...]
Mayday: PM delays crucial parliament vote on her Brexit deal December 10, 2018 Theresa May has confirmed a highly-anticipated vote on her Brexit deal will be delayed, following threats of a huge rebellion from within the Conservative Party. The Prime Minister confirmed the delay in the House of Commons this afternoon, saying she believed she could still win a vote after winning further reassurance on the Irish backstop. [...]
