Uber rival Bolt sees surge in London rides three months after launch September 18, 2019 Ride-hailing app Bolt has boasted that 300,000 Londoners have signed up to its platform in just three months since its summer launch, as it aims to dent Uber’s dominance. The startup, which formerly launched in the UK as Taxify two years ago, has also seen around 50,000 drivers join a waiting list to work on [...]
UK house prices: Growth rate halves as south east faces ‘reality check’ September 18, 2019 The annual rate of growth of UK house prices has slowed to its worst rate since September 2012, according to public data released today, as prices in the south east plummeted. Average UK house prices grew just 0.7 per cent in the year to July, amounting to just half of June’s 1.4 per cent rise, [...]
Tube delays: Commuters face rush hour chaos on four lines after Baker Street signal failure September 18, 2019 Severe delays hit commuters in rush hour today as a signal failure at Baker Street caused disruption across several lines in a tough morning for Londoners. The fault led to severe delays on the Circle Line while the Hammersmith & City Line also suffered severe delays. Transport for London (TfL) urged commuters to use local [...]
Government intervenes in £4bn Cobham takeover over national security concerns September 18, 2019 The government has hauled in the £4bn foreign takeover of aerospace giant Cobham on national security grounds, it said today. Business secretary Andrea Leadsom issued a European intervention notice yesterday to scrutinise US private equity giant Advent International’s huge offer for the British company. Read more: Cobham investors give green light to £4bn private equity [...]
Do Not Pay founder launches anti-subscription app in the UK September 17, 2019 An app that automatically cancels subscriptions when the free trial period comes to an end has launched in the UK, with thousands of Brits signing up each day. Free Trial Surfing is not linked to customers’ bank accounts or credit cards but uses Visa cards in partnership with a major bank to stop people getting [...]
Supreme Court live: Government QC outlines case for prorogation September 17, 2019 Please refresh this page manually for the latest updates. Follow this live blog as the UK’s highest court hears arguments for and against Prime Minister Boris Johnson’s controversial decision to prorogue parliament. For an explainer on everything leading up to this week’s court case, check out our article from earlier on today. We run through [...]
Parliament prorogue: Supreme Court to preside over Brexit legal battle September 17, 2019 The Supreme Court will today hear a legal tussle over Prime Minister Boris Johnson’s decision to prorogue parliament for five weeks as the countdown to Brexit continues. The UK’s highest court will hear appeals for two distinct legal cases brought in England and Scotland against Johnson’s move to suspend parliament until 14 October. Read more: [...]
Recruiter Staffline’s share price dives as it swings to £8m loss September 17, 2019 Recruiter Staffline swung to a near £8m loss in the first half of 2019 as it warned of a slowdown in new business contracts, sending its share price crashing. Read more: Recruiters warn City job hunters over old social media posts The figures Staffline blamed a series of “unfortunate challenges” as well as Brexit uncertainty [...]
Police bail pensioner as hunt for Blenheim Palace’s stolen gold toilet continues September 16, 2019 Police investigating the theft of a solid gold toilet from Blenheim Palace have released a 66-year-old man on bail. The pensioner was arrested in connection with the incident after burglars ripped the £4.8m artwork out of a wood-panelled room in the early hours of Saturday morning. Read more: Banksy reveals Girl With Red Balloon shredding [...]
Oil prices post record jump after attack on Saudi Arabia supplies September 16, 2019 Oil prices rocketed almost 20 per cent to more than $71 a barrel today after the US accused Iran of gutting half of Saudi Arabia’s oil production in a strike on two refineries over the weekend. Brent crude trimmed its record-breaking gains but its price still blew up 10.5 per cent to $66.56. World (WTI) [...]
