Corbyn convenes Remainer alliance meeting August 22, 2019 Jeremy Corbyn will next week meet with leaders of various opposition parties, as well as senior backbench Tories, as the plan to block a no-deal Brexit gathers pace. The Labour leader has written to 10 MPs, including Liberal Democrat leader Jo Swinson, Tories Dominic Grieve, Oliver Letwin, Guto Bebb and Caroline Spelman, and SNP Westminster [...]
Boris and Priti don’t quite grasp how complicated ‘ending free movement’ will be August 22, 2019 “Freedom of movement will end” if the UK leaves the EU without a deal on 31 October, according to the government. At one level, this is a statement of the obvious – in a legal sense, free movement is an EU concept. Under Theresa May’s deal, which provided for a transition period until December 2020, [...]
Merkel: I can see possibilities for a Brexit solution August 21, 2019 German Chancellor Angela Merkel has said she sees “possibilities” for a solution to the deadlock over the Irish backstop, paving the way for a Brexit deal. Speaking this evening ahead of bilateral talks with Prime Minister Boris Johnson, Merkel told reporters: “I see possibilities [to solve the backstop impasse] through, for example shaping the future [...]
Ryanair loses court bid to stop pilot strikes August 21, 2019 Ryanair has lost a legal bid to prevent its pilots from striking later this week but insisted its passengers would suffer little disruption. The budget airline applied for a High Court injunction that would have stopped its UK pilots from striking tomorrow and on Friday, meaning the industrial action will go ahead. Read more: Pilots [...]
Wework rival Knotel secures unicorn status with $400m funding August 21, 2019 Knotel, the flexible workspace rival to Wework, today said it has achieved “unicorn” status after securing a fresh round of funding worth $400m (£329m). The New York-based startup bagged the bumper cash injection in a round led by Wafra, the investment arm of Kuwait’s sovereign wealth fund. Read more: Wework lost $700m in first half, [...]
Brexit: No deal most likely outcome, says French aide August 21, 2019 The UK will most likely leave the European Union – but still be on the hook for the £39bn divorce bill, a French presidential aide has told AFP. A no-deal Brexit is the “most likely scenario”, the wire reported, a day before UK Prime Minister Boris Johnson is due to meet his French counterpart Emmanual [...]
Nostrum share price takes hit from analyst note August 21, 2019 Nostrum Oil and Gas struggled on the markets today after taking a hit from an analyst downgrade. Shares took a battering, falling by 19 per cent to 28.35p. It came as analysts at Berenberg downgraded the shares from “buy” to “sell”, setting a new target price of 25p from 200p. Read more: BP and Glencore [...]
Yopa names new chairman as it secures £16m funding round August 21, 2019 Online estate agency Yopa has named industry veteran Grenville Turner as its chairman, as it unveiled a new funding round worth £16m. The hybrid agency said it has received the cash injection from existing investors Savills and DMG Ventures, the venture capital arm of the Daily Mail Group. Read more: London house prices rise as [...]
The only way is down for UK interest rates, say City economists August 21, 2019 The UK economy is in contraction mode, but the Bank of England isn’t greatly worried. GDP fell by 0.2 per cent by the second quarter of the year as Brexit uncertainty and a global slowdown held growth back. Read more: UK economy shrinks for first time in seven years Policymakers at the BoE are reluctant [...]
ONS may have underestimated EU migration to the UK August 21, 2019 More people may have entered the UK between 2000 and 2016 than previously thought, it was revealed today, as the Office for National Statistics admitted its net migration figures were flawed. Net EU migration in the year ending March 2016 would be 16 per cent higher under new measurements, announced today, the ONS said. However, [...]