Prime Minister shoots down report that financial services Brexit deal is almost secured November 1, 2018 The Prime Minister today denied reports that a Brexit deal to provide London’s financial services firms access to European markets is almost secured. The City’s access to financial markets in the EU after the UK exits the bloc next year would be based on the EU’s so-called equivalence system, according to a report in The Times this [...]
‘Gun to our heads’: Frustrated shareholders plan to vote through Patisserie Valerie rescue deal November 1, 2018 Shareholders are set to vote through a rescue deal to keep Patisserie Valerie afloat this morning, despite frustration at being kept in the dark about its accounting scandal. The cake shop has asked shareholders to approve a £15m cash injection to keep the business alive, but has refused to tell investors what has gone wrong [...]
Tube delays: Northern Line running with severe delays after faulty train November 1, 2018 Severe delays have hit the Northern Line this morning, spelling a difficult journey in for commuters. Services between Morden and Camden Town on the Northern Line’s Bank branch are subject to the delays after an earlier faulty train at Balham. A good service is running on the rest of the line, Transport for London said. [...]
UK house price growth slumps to five-year low in October November 1, 2018 House prices grew at their slowest annual rate for five years in October, Nationwide data revealed today. House price growth slumped to 1.6 per cent last month, with prices flat month on month as the latest figures paint a miserable picture for housing activity across the UK. October’s 1.6 per cent growth rate fell from [...]
Telefonica raises growth forecast after O2 posts strong customer numbers October 31, 2018 Strong performance from UK mobile operator O2 led owner has helped Telefonica double its growth forecast for the year. Revenue at the Spanish telecoms giant should prove to be two per cent higher this year, after doubling its previous one per cent estimate. O2 helped the company push up its prediction after seeing UK revenues [...]
Business leaders prepare to meet with Prime Minister and chancellor to discuss Brexit October 31, 2018 Business bosses are set to meet with Prime Minister Theresa May and chancellor Philip Hammond this afternoon amid rising concerns about the nature of Britain’s exit from the EU. Around 130 executives are set to attend this afternoon's meeting as businesses prepare to grill the pair about Brexit and Budget issues. “It’s part of regular [...]
Turkey: Khashoggi was strangled in Saudi consulate before his body was dismembered October 31, 2018 Dissident journalist Jamal Khashoggi was strangled as soon as he entered Saudi Arabia’s consulate before his body was dismembered and disposed of, according to a Turkish prosecutor. The Istanbul Chief Public Prosecutor Office confirmed publicly for the first time how the Washington Post columnist supposedly died, after he had entered the consulate in early October [...]
Computacenter shares crash 20 per cent as it loses out on IT infrastructure sales October 31, 2018 Computacenter shares plummeted almost 20 per cent in early morning trading after it told investors that revenue has fallen three per cent in the face of “significantly more challenging” conditions. The FTSE 250 IT firm warned that third quarter revenues have fallen to £900m from £931m in the same period in 2017, while UK revenues [...]
Financial Conduct Authority probes home and motor insurance prices October 31, 2018 The Financial Conduct Authority (FCA) today launched a probe into pricing practices in the insurance market. The regulator is concerned about potential consumer harm, particularly the impact of industry pricing practices on vulnerable people, where some groups of people face far higher prices than other groups. It will also examine the fairness of pricing and [...]
Tube trouble: Severe delays hit commuters on three Tube lines October 31, 2018 Three Tube lines are running severe delays this morning as commuters make their way to work. The Central Line, Circle Line and Hammersmith & City Line have all been hit by severe delays, with Transport for London (TfL) telling passengers their tickets will be accepted via any other reasonable route on London buses and Greater Anglia [...]
