William Hill chief exec to depart as losses hit bookmaker September 5, 2019 William Hill’s CEO is set to step down at the end of this month amid turbulent times for the UK’s high street bookmaker. Philip Bowcock will quit the top job and his role as company director on 30 September to make way for the bookie’s chief digital officer, Ulrik Bengtsson, to take the reins. Read [...]
Northern Line suspension: Delays hit five major Tube lines at rush hour September 4, 2019 The Northern Line is now running with minor delays after a day of frustration for commuters, as TfL warned of evening rush hour disruption across five major Tube lines. Transport for London (TfL) told passengers that the Northern Line service has mostly recovered from signalling failures that left the line suspended for much of today. [...]
Could there be a UK general election in 2019? September 4, 2019 Boris Johnson suffered his first parliamentary defeat as Prime Minister last night as 21 of his own Conservative MPs rebelled against him on a crucial bill – could he now call a UK general election? The PM lost a vote by 328 votes to 301 that means the Commons will today decide whether or not [...]
Boris Johnson’s decision to prorogue parliament is legal, Scottish court rules September 4, 2019 Boris Johnson’s move to prorogue parliament in the run up to the Halloween Brexit deadline is legal, a court has ruled. A Scottish court today rejected a legal challenge to stop the shutdown of parliament for almost five weeks until 14 October. Read more: Rebel, rebel: Boris Johnson faces day two of defiance MPs have [...]
British pound soars after Boris Johnson suffers Brexit blow September 4, 2019 The pound soared against the dollar in early trading today after MPs left Boris Johnson’s Brexit strategy in tatters last night. Sterling climbed 0.62 per cent against the USD dollar to hit $1.2163 after 21 Tory MPs rebelled against the Prime Minister in a vote that could force him to seek a Brexit extension. Read [...]
Surge in PPI claims could cost RBS an extra £900m September 4, 2019 Royal Bank of Scotland (RBS) has warned that an unprecedented number of PPI claims in the run up to the August deadline could cost it up to an extra £900m. Read more: Banks buckle under the strain of PPI claims RBS expects to take an additional charge of between £600m and £900m relating to the [...]
Brexit: Tory MP Phillip Lee defects to Lib Dems to kill Boris Johnson’s majority September 3, 2019 Boris Johnson has lost his working majority of one in parliament, it appears, as former justice minister Phillip Lee abandoned his seat in the Commons to join the Liberal Democrats today. The MP, an erstwhile critic of Brexit, is set to vote against a no-deal Brexit in today’s crunch parliament vote. Read more: Brexit showdown: [...]
Wagamama owner Restaurant Group swings to a loss on £115m writedown September 3, 2019 Restaurant Group plunged into the red as it recorded a loss for the first six months of 2019 following its controversial £559m takeover of pan-Asian chain Wagamama. The figures Revenue rocketed 58.2 per cent from £326.1m in the first half of 2018 to £515.9m in the first half of 2019. Restaurant Group fell to a [...]
Severe delays hit Metropolitan Line as TfL rolls out new signalling system September 3, 2019 Severe delays threaten to disrupt the morning commute for Metropolitan Line passengers today as Transport for London (TfL) struggled to introduce a new signalling system. TfL told commuters to seek other routes to work while engineers address the issues on the line, which extends from the City into the northwest of London. Read more: Police [...]
Sajid Javid appoints EY Brexit guru Mats Persson as chief of staff September 2, 2019 EY’s Brexit strategy leader has left the accountants to serve in Downing Street as Sajid Javid’s new chief of staff, City A.M. understands. Mats Persson, who was once David Cameron’s main adviser on EU affairs, left the Big Four accountancy firm last week, EY has confirmed. Read more: Boris threatens rebel MPs with the sack [...]
