EU member states approve the opening of ‘tunnel’ negotiations on Brexit October 11, 2019 EU member states have today given permission for Brexit negotiations to enter a new intensive phase, the so-called tunnel. The tunnel is slang for discussions held in secret between a small group of negotiators to try and ensure that offers and counter offers are not disclosed. Read more: Sterling blasts past $1.26 as EU leaders [...]
Online cosmetics firm Cult Beauty hires advisers to explore sale October 10, 2019 Online cosmetics business Cult Beauty has reportedly hired advisers to explore a potential sale of the company. The firm, which is one of the UK’s fastest-growing online beauty businesses, has appointed JP Morgan to explore its options, Sky News reported. Read more: The Body Shop owner Natura buys Avon for £1.6bn Co-founders Jessica De Luca [...]
US diplomat’s wife will not return to UK over crash death, Trump note reveals October 10, 2019 The US diplomat’s wife involved in a car crash that killed a British teenager will not return to the UK to face justice, according to a note accidentally shown by President Donald Trump. Anne Sacoolas claimed diplomatic immunity and fled the country following a head-on collision near a military base that killed 19-year-old motorcyclist Harry [...]
Why BT’s house party with EE is about to end in a hangover October 9, 2019 If there’s a crisis on the British high street, no one told Philip Jansen. The BT boss has announced that his company will return to bricks-and-mortar, shacking up with mobile subsidiary EE. The shops are part of a wider transformation plan at the telecoms stalwart. Since taking over as chief executive in February, Jansen has [...]
Bamford closes in on Boris bus maker Wrightbus October 9, 2019 Boris bus maker Wrightbus could secure a rescue deal as Jo Bamford, a member of the family behind JCB, has entered negotiations to buy the Northern Irish firm. Bamford has entered exclusive talks about a potential deal, a fortnight after the company – which built the Routemaster buses during Boris Johnson’s time as mayor – [...]
Center Parcs owner to mull sale of holiday resort chain October 8, 2019 The owner of Center Parcs UK is preparing to conduct a strategic review of the business with a view to explore a potential sale or stock market listing. Brookfield Property Partners, a subsidiary of Canadian firm Brookfield Asset Management, is preparing to appoint advisors to weigh up options for the UK holiday chain, Sky News [...]
DEBATE: Will owning status symbols become a thing of the past? October 8, 2019 Can we really foresee a time when owning status symbols will be a thing of the past? YES, says Mark Davis, co-founder and creative director of property branding agency me&dave. It’s already happening. The way we live is changing, as are the things we care about, and this is affecting our attitudes to the old [...]
Heidi Allen: Legal attempt to force Brexit extension is ‘watertight’ – despite Johnson’s plans to ‘scupper’ it October 8, 2019 Boris Johnson’s plan to get around a law which delays Brexit past 31 October is going to fail, according to the latest MP to join the Lib Dems, Heidi Allen. Allen, a former Tory MP who announced she had joined the Lib Dems last night, said the Benn act was legally watertight. Read more: Ex-Tory [...]
‘Safe pair of hands’ Chris Silverwood brings continuity rather than innovation to England head coach role October 7, 2019 The appointment of Chris Silverwood as England’s new head coach is one which sees the England and Wales Cricket Board’s hierarchy backing continuity, rather than innovation. Silverwood has stepped up from his role of bowling coach, which he has performed for the last two years, to fill the shoes of Trevor Bayliss in an act [...]
Billionaire Michael Spencer buys stake in The Tote October 7, 2019 Billionaire Michael Spencer is set to buy a substantial minority stake in the soon-to-be parent company of The Tote bookmaker. The financial services entrepreneur will buy a 10 per cent stake in the recently formed Alizeti consortium, which is poised to buy The Tote from betting giant Betfred. Read more: City bigwig Michael Spencer blasts [...]