Boohoo’s share price surges as it picks up a two-thirds stake in PrettyLittleThing for £3.3m December 14, 2016 No tears over here: Boohoo's just acquired a majority stake in fellow online retailer PrettyLittleThing for £3.3m. Boohoo's chairman Peter Williams said PrettyLittleThing was a "natural fit" and would complement Boohoo's "inclusive and innovative" brand. We are delighted to add this fast growing, international business to the group. We believe this is an excellent opportunity to [...]
At the close: FTSE 100 boosted by late Sky surge on 21st Century Fox takeover bid December 9, 2016 The FTSE ended the week looking very healthy indeed – its best week since July. It was up 22.66 points to 6,954.21 bolstered by a Sky surge. US media firm 21st Century Fox tabling a takeover bid for Sky of £10.75 per share in cash, prompted shares to rise sharply. Sky’s share price shot up [...]
Uber treats drivers like Victorian “sweated labour”, says Frank Field in gig economy report December 9, 2016 Frank Field might be more commonly known as one of the thorns in Sir Philip Green's side, but Uber might now have a bone to pick with him too. The Labour MP and chair of the Work and Pensions Committee has uploaded a report to his site analysing the working relationship between Uber and its drivers, [...]
New government tool lets people check what the gender pay gap is like in their industry December 9, 2016 This could spark some interesting chats at the water cooler… The government has created a tool for the public to check out what the gender pay gap – the average earnings between men and women – is in their own profession. Justine Greening, minister for women and equalities, unveiled the online tool created by the government and [...]
Andrew Tyrie demands Chancellor reveal more Heathrow details: It’s crucial that parliament “has all the tools at its disposal” December 9, 2016 Firstly Andrew Tyrie wasn't happy with the government over what assurances Nissan had been given on Brexit, writing to the head of the National Audit Office for more detail. And now, the chairman of the Treasury Committee has called on the government to be more forthcoming on Heathrow expansion too. The Conservative politician has written to [...]
Sadiq Khan accuses government of “washing their hands” of Southern rail crisis and abandoning passengers December 9, 2016 The mayor of London has become the latest to chime in on the hefty disruption on Southern rail, labelling the ongoing chaos "a total disgrace". Sadiq Khan criticised all sides and called on the unions to cancel the strikes lined up for next week, though he took particular aim at the government over its inaction. "The [...]
Coalition of councils (including the Prime Minister’s local) says legal action against Heathrow expansion is a go December 9, 2016 A coalition of councils has teamed up and hit the government with legal papers for unlawfully supporting the expansion of Heathrow. And while the councils all made their intentions clear a while back, it does prove a headache for Theresa May as her own local council, the Royal Borough of Windsor and Maidenhead, is involved [...]
London’s gig economy has grown 72 per cent since 2010 December 9, 2016 You might have suspected it given the influx of cyclists zooming by with Deliveroo boxes, and new research has confirmed it: the capital's gig economy is booming. In fact, it's grown 72 per cent, across the transport and storage sector, since 2010. The gig economy, driven by casual work, has become hugely popular in London, according to analysis [...]
Network Rail scraps loo charge at London Victoria after flushing out £1.4m for the year in toilet takings December 9, 2016 It's victory for those frustrated by having to spend a penny at rail stations – particularly suffering Southern commuters waiting around for delayed trains. For Network Rail has now ditched its toilet charge at London Victoria and Charing Cross stations. Read more: Taking the piss: How Network Rail is cashing in on the Southern strikes Earlier this [...]
More misery on the cards for Southern rail passengers as services are still affected post-strike action December 9, 2016 This week's strikes by the end Rail, Maritime and Transport (RMT) union might have come to an end, but Southern passengers aren't getting respite just yet. In fact, services are still going to be "severely disrupted", as Southern tries to cope with train drivers' union Aslef's overtime ban. Southern has updated travel advice for during the [...]
