Uber and Lyft costs set to rise as California passes AB5 gig economy workers bill September 11, 2019 California has passed a controversial bill that means gig economy workers are set to be classified as full-time employees. The move, expected to be signed and passed into law by California governor Gavin Newsom, would pile pressure on companies like Uber and Lyft, which rely on self-employed workers. Read more: How Uber’s quiet cabs are [...]
Galliford Try sees profits sink amid Bovis Homes sale talks September 11, 2019 Galliford Try suffered a 27 per cent slump in profits in its latest financial year, it revealed today, a day after it restarted talks to sell its housebuilding arm to Bovis Homes for £1.1bn. Read more: Galliford Try’s share price rockets as it targets £1.1bn Bovis Homes sale The figures Pre-tax profits crashed 27 per [...]
Police hunt City cyclist who headbutted pedestrian ‘in moment of unexplained rage’ September 10, 2019 A cyclist who ran a red light in the City of London jumped off his bike to headbutt the pedestrian he nearly collided with. Read more: City of London introduces rules to tackle wind-inducing skyscrapers Police say the cyclist attacked the passerby “in a moment of unexplained rage”, and have appealed for the public’s help [...]
Dominic Cummings lashes out at ‘rich Remainers’ as he sticks to 31 October Brexit deadline September 10, 2019 Boris Johnson’s chief adviser has vowed the UK will quit the EU on 31 October and lambasted media for speaking to “rich Remainers” in London. Dominic Cummings said he was “sure” the UK would leave the bloc on the current Brexit deadline of Halloween. Read more: Boris denied election again as parliament shuts up shop [...]
Galliford Try share price rockets on £1.1bn Bovis Homes merger talks September 10, 2019 Galliford Try’s share price soared today as it restarted talks with Bovis Homes on a merger that could value its housebuilding unit at £1.075bn. The housebuilders have agreed high-level terms for a potential tie-up but told investors today that “there remains significant work to be completed” before they could finish the deal. Read more: Galliford [...]
Speaker John Bercow blocked from leaving chair as MPs protest Boris parliament prorogue September 10, 2019 MPs protested Boris Johnson’s act to prorogue parliament last night by brandishing signs and stopping speaker John Bercow from leaving his chair. The Prime Minister last night suspended parliament for five weeks until 14 October, just two weeks beyond the UK’s scheduled departure date of 31 October. Read more: Boris denied election again as parliament [...]
Tube delays: Disruption strikes Circle, Hammersmith & City and Metropolitan Lines September 10, 2019 Severe delays are affecting three London Underground lines today as commuters face a difficult journey into work. Read more: Northern Line suspension causes day of misery for Tube commuters The Circle Line, Hammersmith & City Line and the Metropolitan Line all suffered disruption in this morning’s rush hour as Transport for London (TfL) advised commuters [...]
New York attorney general launches antitrust probe at Facebook September 6, 2019 New York’s attorney general has launched an investigation into Facebook for potential antitrust violations. Letitia James’s probe will span several states as she focuses on “Facebook’s dominance in the industry and the potential anticompetitive conduct stemming from that dominance”. Read more: Can Facebook Dating convert Likes into love? “Even the largest social media platform in [...]
US adds 130,000 jobs in August as trade war slows growth September 6, 2019 The US added a modest 130,000 jobs to the economy in August, as its trade war with China finally appeared to take a toll on hiring. The figure fell to just 96,000 jobs excluding government recruitment last month, the lowest number since May. Read more: Sterling falls as investors remain cautious ahead of US jobs [...]
Germany flounders on the brink of recession September 6, 2019 Germany stands on the edge of falling into recession, as industrial output fell again in July, according to figures released today. Economic data on factories showed production fell 0.6 per cent in July, better than June’s 1.1 per cent drop but worse than a Reuters poll predicting a rise of 0.3 per cent. Read more: [...]
