Downing Street to ‘test to the limit’ anti no-deal Brexit law September 8, 2019 The scene is set for a dramatic showdown in Westminster next week after the government said it would “test to the limit” the anti no-deal legislation that could become law tomorrow. Boris Johnson has insisted he will never ask Brussels for an extension to the Brexit deadline, putting him at loggerheads with peers and MPs [...]
JP Morgan set to pip rivals for Saudi Aramco mega-float September 8, 2019 Bankers at JP Morgan Chase could get bragging rights by leading history’s biggest public float, it was revealed. The company is close to winning the role as adviser to Saudi Aramco as it looks to hit stock markets potentially as early as November, Reuters reported, citing sources. The decision is not final, and could be [...]
ERG chair Steve Baker vows to vote against Boris Johnson deal if is ‘Brexit in name only’ September 8, 2019 Steve Baker, Tory Brexiter MP and chair of the eurosceptic European Research Group (ERG), has threatened to vote against a deal Boris Johnson could strike with the EU if it is “Brexit in name only”. When asked if he was concerned about potentially losing the whip in such a scenario, Baker replied: “I’m not worried [...]
Pendragon called on restructuring firms to mitigate effects of industry car crash September 8, 2019 As the car industry continues to splutter, one of Britain’s biggest dealers has turned to restructuring experts to try to halt its downward spiral of profits. Pendragon, which owns the ubiquitous Evans Halshaw car dealership brand, spoke to several firms about helping shake up its spending earlier this year, but the process was cut short [...]
Hell for Leaither: DWF boss on the firm’s post-float fortunes September 8, 2019 DWF is a firm that lawyers at rival firms love to hate. Founded in Liverpool 40 years ago, DWF has expanded at a rapid pace, growing from a regional player to an international firm, swallowing rivals along the way. Over the last decade its revenue grew nearly 350 per cent to £272m, and in March, [...]
Swiss stock exchange boss urges London to protect itself in EU negotiations September 8, 2019 The boss of Switzerland’s biggest stock exchange has warned Britain to be ready to protect its financial services industry against measures from the European Union. Read more: Swiss minister says country unlikely to sign EU deal soon Jos Dijsselhof’s Zurich-based Six exchange is at the centre of the EU’s row with Switzerland over trading that [...]
Sajid Javid refuses to rule out electoral pact with Brexit party September 8, 2019 Sajid Javid has refused to rule out an electoral pact with the Brexit party in the event of a snap general election. The chancellor said the Conservative party did not need an “electoral alliance with anyone”, but refused to rule out any agreement with Nigel Farage’s party if there was a general election. Read more: [...]
Therese Coffey replaces Amber Rudd as work and pensions secretary September 8, 2019 Therese Coffey has been confirmed as the new work and pensions secretary following the dramatic resignation of Amber Rudd yesterday. Coffey, the MP for Suffolk Coastal, has previously served as minister of state in the Department for Environment, Food and Rural Affairs and as deputy leader of the House of Commons from May 2015 until [...]
Amber Rudd resigns from Cabinet and quits Tories over ‘culling’ of rebel MPs September 8, 2019 Amber Rudd has resigned from Cabinet and given up the Tory whip in protest at Boris Johnson’s decision to sack more than 20 Conservatives who backed a bill to block a no-deal Brexit. The former work and pensions secretary said she could not “stand by as good, loyal moderate Conservatives are expelled”. Rudd told the [...]
Boris Johnson’s former advisor Gerard Lyons misses Bank of England governor shortlist September 7, 2019 The former economic advisor to Prime Minister Boris Johnson has failed to make the final shortlist to become the Bank of England’s next governor. Gerard Lyons had been the favourite to take over from Mark Carney due to his personal relationship with Johnson, but the Treasury have deemed him unsuitable for the role, according to [...]