Rory Stewart quits ‘gothic shouting chamber’ of Westminster to enter race to become mayor of London October 4, 2019 Rory Stewart is to stand as an independent candidate to become the next mayor of London, he said today. Stewart earlier announced he is quitting the Conservative party and will not stand at the next general election. Read more: Rory Stewart quits Tory party and will step down at next election The former Tory MP [...]
Rory Stewart quits Conservative party and will step down at election October 4, 2019 Rory Stewart has quit the Conservative party and will not stand at the next general election, he revealed today. The Tory MP, who stood in the race to become the party’s new leader over summer, said he was sad to be stepping down. Read more: DEBATE: Does Rory Stewart have what it takes to make [...]
AA share price knocked as FCA warns insurers it could ban loyalty premiums October 4, 2019 The UK’s financial watchdog may ban loyalty premiums for customers who renew their home and motor insurance as it outlined a raft of possible remedies to address market competition issues. The Financial Conduct Authority (FCA) said today that “competition is not working well for all consumers”, with 6m people paying high prices without getting a [...]
BP CEO Bob Dudley to retire, Upstream boss Bernard Looney named successor October 4, 2019 BP chief executive Bob Dudley will quit his post at the top of the oil giant by the end of March 2020, the company said today. Bernard Looney will replace Dudley as CEO, leaving his current role as chief executive of Upstream. “It has been the privilege of a lifetime to serve this company and [...]
Eurozone recession risk ‘very real’ as slowdown infects services sector October 3, 2019 Germany slipped into recession territory last month as the Eurozone teetered on the brink of stagnation, data revealed today. The bloc’s biggest economy showed the weakest growth in business activity for three years, according to IHS Markit’s Germany Composite PMI. Read more: Recession alarm bells ring as UK services sector contracts “A technical recession now [...]
Jennifer Arcuri blames media ‘attack’ for scrutiny over Boris Johnson relationship October 3, 2019 US businesswoman Jennifer Arcuri has reportedly denied allegations that Boris Johnson helped her to win business grants and a visa. The tech entrepreneur said she was instead the victim of an “orchestrated attack” by media, according to comments in the Daily Mail, which spoke to her in Los Angeles. Read more: Allegations around Jennifer Arcuri [...]
Ted Baker shares crash as retailer swings to £23m loss October 3, 2019 Ted Baker’s share price crashed 25 per cent as markets opened today, following a disastrous set of results that saw it swing to a loss and warn on its full-year results. Investors sold out of the embattled fashion retailer to take shares down almost 28 per cent as it booked a £23m half-year loss for [...]
Hong Kong: Police charge teenage protester shot by officer October 3, 2019 A teenager shot with a live police round in Hong Kong protests has been charged with rioting and assaulting an officer. Tsang Chi-kin took a bullet in his left shoulder during a fight with riot police officers in the Tsuen Wan district of Hong Kong yesterday and remains in a critical condition in hospital. Read [...]
Google Safari lawsuit: iPhone users win appeal to seek £3bn in damages October 2, 2019 Google faces a potential £3bn bill after judges ruled that a Google Safari tracking lawsuit on behalf of 4m iPhone users can proceed. The Court of Appeal today overruled the High Court’s dismissal of a case alleging that Google secretly tracked the web activity of more than 4m iPhone users. Read more: Google turns 21: [...]
Metro Bank shares jump after new bond deal and departure of chairman Vernon Hill October 2, 2019 Metro Bank’s share price jumped in trading today after the embattled lender revealed the succesful relaunch of a £250m bond issue and the planned departure of chairman Vernon Hill. Shares in the group climbed 30 per cent to 234p in trading this afternoon as investors reacted to the firm’s double announcement. The challenger bank had [...]
